Regions Financial Corp.’s (RF) “Sell” Rating Reiterated at Barclays PLC
Regions Financial Corp. (NYSE:RF)‘s stock had its “sell” rating reaffirmed by analysts at Barclays PLC in a research report issued on Tuesday. They currently have a $10.00 target price on the stock. Barclays PLC’s price objective would suggest a potential downside of 3.57% from the stock’s previous close.
RF has been the subject of a number of other reports. Raymond James Financial Inc. cut shares of Regions Financial Corp. from a “strong-buy” rating to an “outperform” rating and set a $10.50 target price for the company. in a research report on Thursday, October 6th. Keefe, Bruyette & Woods upgraded shares of Regions Financial Corp. from an “underperform” rating to a “market perform” rating and set a $10.50 price objective for the company in a research report on Thursday, August 25th. Credit Suisse Group AG restated a “hold” rating and set a $9.50 price objective on shares of Regions Financial Corp. in a research report on Wednesday, July 20th. FBR & Co restated a “buy” rating and set a $10.50 price objective on shares of Regions Financial Corp. in a research report on Wednesday, July 20th. Finally, Sanford C. Bernstein cut shares of Regions Financial Corp. from an “outperform” rating to a “market perform” rating and cut their price objective for the stock from $9.56 to $9.50 in a research report on Tuesday, August 16th. They noted that the move was a valuation call. One analyst has rated the stock with a sell rating, fourteen have assigned a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the stock. Regions Financial Corp. currently has an average rating of “Hold” and a consensus price target of $10.34.
Regions Financial Corp. (NYSE:RF) traded down 1.06% during trading on Tuesday, hitting $10.26. 15,210,775 shares of the company were exchanged. Regions Financial Corp. has a 12 month low of $7.00 and a 12 month high of $10.47. The stock’s 50-day moving average is $9.84 and its 200-day moving average is $9.22. The company has a market capitalization of $12.88 billion, a price-to-earnings ratio of 12.91 and a beta of 1.44.
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Regions Financial Corp. (NYSE:RF) last posted its quarterly earnings data on Tuesday, July 19th. The company reported $0.20 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.21 by $0.01. The company had revenue of $1.40 billion for the quarter, compared to analysts’ expectations of $1.37 billion. Regions Financial Corp. had a net margin of 18.63% and a return on equity of 6.65%. Equities research analysts anticipate that Regions Financial Corp. will post $0.83 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which was paid on Monday, October 3rd. Stockholders of record on Friday, September 9th were issued a $0.065 dividend. The ex-dividend date of this dividend was Wednesday, September 7th. This represents a $0.26 dividend on an annualized basis and a dividend yield of 2.51%. Regions Financial Corp.’s payout ratio is 32.91%.
In other Regions Financial Corp. news, EVP C. Keith Herron sold 38,753 shares of the business’s stock in a transaction on Tuesday, August 9th. The shares were sold at an average price of $9.38, for a total value of $363,503.14. Following the transaction, the executive vice president now directly owns 290,384 shares of the company’s stock, valued at approximately $2,723,801.92. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Scott M. Peters sold 23,391 shares of the business’s stock in a transaction on Friday, August 26th. The shares were sold at an average price of $9.73, for a total transaction of $227,594.43. Following the completion of the transaction, the executive vice president now directly owns 201,391 shares in the company, valued at $1,959,534.43. The disclosure for this sale can be found here. 0.88% of the stock is currently owned by insiders.
A number of institutional investors have recently made changes to their positions in RF. BlackRock Institutional Trust Company N.A. boosted its position in shares of Regions Financial Corp. by 5.5% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 36,010,738 shares of the company’s stock valued at $282,684,000 after buying an additional 1,878,532 shares in the last quarter. BlackRock Japan Co. Ltd boosted its position in shares of Regions Financial Corp. by 0.5% in the first quarter. BlackRock Japan Co. Ltd now owns 1,783,360 shares of the company’s stock valued at $13,999,000 after buying an additional 8,310 shares in the last quarter. Columbia Partners L L C Investment Management purchased a new position in shares of Regions Financial Corp. during the first quarter valued at about $894,000. Menta Capital LLC boosted its position in shares of Regions Financial Corp. by 178.3% in the first quarter. Menta Capital LLC now owns 101,300 shares of the company’s stock valued at $795,000 after buying an additional 64,900 shares in the last quarter. Finally, ING Groep NV boosted its position in shares of Regions Financial Corp. by 9,978.5% in the first quarter. ING Groep NV now owns 1,622,538 shares of the company’s stock valued at $12,721,000 after buying an additional 1,606,439 shares in the last quarter. 74.29% of the stock is currently owned by institutional investors.
About Regions Financial Corp.
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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