Weekly Investment Analysts’ Ratings Changes for Regions Financial Corporation (RF)

A number of firms have modified their ratings and price targets on shares of Regions Financial Corporation (NYSE: RF) recently:

  • 8/9/2017 – Regions Financial Corporation is now covered by analysts at Wells Fargo & Company. They set a “market perform” rating and a $16.00 price target on the stock.
  • 8/3/2017 – Regions Financial Corporation was upgraded by analysts at BidaskClub from a “sell” rating to a “hold” rating.
  • 7/26/2017 – Regions Financial Corporation had its “buy” rating reaffirmed by analysts at Bank of America Corporation. They now have a $17.00 price target on the stock.
  • 7/26/2017 – Regions Financial Corporation was upgraded by analysts at Vining Sparks from an “outperform” rating to a “strong-buy” rating.
  • 7/25/2017 – Regions Financial Corporation was downgraded by analysts at BidaskClub from a “hold” rating to a “sell” rating.
  • 7/12/2017 – Regions Financial Corporation had its “neutral” rating reaffirmed by analysts at Instinet. They now have a $16.00 price target on the stock.
  • 7/3/2017 – Regions Financial Corporation had its “hold” rating reaffirmed by analysts at Deutsche Bank AG.
  • 6/30/2017 – Regions Financial Corporation had its price target raised by analysts at Instinet from $15.00 to $16.00. They now have a “neutral” rating on the stock.
  • 6/23/2017 – Regions Financial Corporation had its “hold” rating reaffirmed by analysts at Royal Bank Of Canada. They now have a $15.00 price target on the stock.
  • 6/20/2017 – Regions Financial Corporation was given a new $15.00 price target on by analysts at Keefe, Bruyette & Woods. They now have a “hold” rating on the stock.

Shares of Regions Financial Corporation (NYSE RF) opened at 14.30 on Friday. Regions Financial Corporation has a 12-month low of $9.14 and a 12-month high of $16.03. The stock has a market capitalization of $17.09 billion, a P/E ratio of 14.94 and a beta of 1.31. The stock has a 50 day moving average price of $14.53 and a 200 day moving average price of $14.47.

Regions Financial Corporation (NYSE:RF) last released its quarterly earnings results on Friday, July 21st. The bank reported $0.25 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.24 by $0.01. The company had revenue of $1.42 billion for the quarter, compared to analysts’ expectations of $1.43 billion. Regions Financial Corporation had a return on equity of 7.51% and a net margin of 20.25%. The business’s revenue for the quarter was up 2.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.20 earnings per share. On average, equities analysts anticipate that Regions Financial Corporation will post $1.00 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 29th. Stockholders of record on Friday, September 8th will be issued a dividend of $0.09 per share. This represents a $0.36 dividend on an annualized basis and a dividend yield of 2.52%. The ex-dividend date of this dividend is Thursday, September 7th. This is a boost from Regions Financial Corporation’s previous quarterly dividend of $0.07. Regions Financial Corporation’s payout ratio is 29.47%.

In other news, CFO David J. Turner, Jr. sold 65,000 shares of Regions Financial Corporation stock in a transaction that occurred on Monday, August 7th. The stock was sold at an average price of $14.95, for a total transaction of $971,750.00. Following the sale, the chief financial officer now owns 121,160 shares of the company’s stock, valued at $1,811,342. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Susan W. Matlock sold 10,000 shares of Regions Financial Corporation stock in a transaction that occurred on Friday, August 4th. The shares were sold at an average price of $15.23, for a total value of $152,300.00. Following the sale, the director now directly owns 32,188 shares in the company, valued at approximately $490,223.24. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 124,514 shares of company stock worth $1,846,733. Corporate insiders own 0.52% of the company’s stock.

Regions Financial Corporation is a financial holding company. The Company conducts its banking operations through Regions Bank, an Alabama state-chartered commercial bank, which is a member of the Federal Reserve System. It operates in three segments: Corporate Bank, which represents its commercial banking functions, including commercial and industrial, commercial real estate and investor real estate lending; Consumer Bank, which represents its branch network, including consumer banking products and services related to residential first mortgages, home equity lines and loans, small business loans, indirect loans, consumer credit cards and other consumer loans, as well as the corresponding deposit relationships, and Wealth Management, which offers individuals, businesses, governmental institutions and non-profit entities a range of solutions to enable transfer of wealth.

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