Regions Financial Corp. (RF) Given “Marketperform” Rating at FBR & Co
Regions Financial Corp. (NYSE:RF)‘s stock had its “marketperform” rating restated by stock analysts at FBR & Co in a note issued to investors on Monday.
RF has been the topic of a number of other research reports. Vetr raised Regions Financial Corp. from a “buy” rating to a “strong-buy” rating and set a $10.50 price target on the stock in a research report on Monday, June 13th. Deutsche Bank AG reissued a “hold” rating on shares of Regions Financial Corp. in a research report on Wednesday, June 15th. Bank of America Corp. downgraded Regions Financial Corp. from a “buy” rating to a “neutral” rating in a research report on Wednesday, June 29th. TheStreet downgraded Regions Financial Corp. from a “buy” rating to a “hold” rating in a research report on Tuesday, July 5th. Finally, Jefferies Group reissued a “buy” rating and set a $9.50 price target on shares of Regions Financial Corp. in a research report on Thursday, July 7th. One equities research analyst has rated the stock with a sell rating, thirteen have given a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus price target of $10.34.
Shares of Regions Financial Corp. (NYSE:RF) traded down 4.20% during mid-day trading on Monday, hitting $9.81. 8,416,124 shares of the stock were exchanged. The stock’s 50 day moving average is $9.87 and its 200 day moving average is $9.23. Regions Financial Corp. has a 12 month low of $7.00 and a 12 month high of $10.47. The firm has a market cap of $12.31 billion, a P/E ratio of 12.34 and a beta of 1.44.
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Regions Financial Corp. (NYSE:RF) last released its quarterly earnings results on Tuesday, July 19th. The company reported $0.20 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.21 by $0.01. Regions Financial Corp. had a net margin of 18.63% and a return on equity of 6.65%. The company had revenue of $1.40 billion for the quarter, compared to analysts’ expectations of $1.37 billion. Analysts expect that Regions Financial Corp. will post $0.83 EPS for the current fiscal year.
In other Regions Financial Corp. news, EVP Ellen S. Jones sold 10,000 shares of the firm’s stock in a transaction that occurred on Thursday, August 18th. The stock was sold at an average price of $9.53, for a total value of $95,300.00. Following the sale, the executive vice president now directly owns 54,886 shares of the company’s stock, valued at $523,063.58. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP C. Keith Herron sold 38,753 shares of the firm’s stock in a transaction that occurred 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 completion of the sale, the executive vice president now directly owns 290,384 shares in the company, valued at $2,723,801.92. The disclosure for this sale can be found here. 0.88% of the stock is owned by company insiders.
A number of hedge funds have recently modified their holdings of the stock. AJO LP raised its stake in shares of Regions Financial Corp. by 665.8% in the second quarter. AJO LP now owns 12,532,352 shares of the company’s stock worth $106,650,000 after buying an additional 10,895,919 shares in the last quarter. Bank of Montreal Can purchased a new stake in shares of Regions Financial Corp. during the second quarter worth about $44,648,000. Basswood Capital Management L.L.C. raised its stake in shares of Regions Financial Corp. by 70.7% in the second quarter. Basswood Capital Management L.L.C. now owns 11,942,752 shares of the company’s stock worth $101,633,000 after buying an additional 4,944,933 shares in the last quarter. Samlyn Capital LLC raised its stake in shares of Regions Financial Corp. by 66.0% in the first quarter. Samlyn Capital LLC now owns 11,611,786 shares of the company’s stock worth $91,152,000 after buying an additional 4,616,877 shares in the last quarter. Finally, Systematic Financial Management LP purchased a new stake in shares of Regions Financial Corp. during the second quarter worth about $36,379,000. 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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