Regions Financial Corporation (NYSE:RF)‘s stock had its “hold” rating reaffirmed by stock analysts at Piper Jaffray Companies in a research note issued to investors on Tuesday. They presently have a $14.50 price target on the bank’s stock. Piper Jaffray Companies’ price objective would indicate a potential upside of 3.42% from the stock’s previous close.

Several other analysts have also recently issued reports on the stock. Keefe, Bruyette & Woods reiterated a “hold” rating and issued a $15.50 target price on shares of Regions Financial Corporation in a research note on Friday. BidaskClub cut shares of Regions Financial Corporation from a “hold” rating to a “sell” rating in a research note on Monday, August 14th. Jefferies Group LLC reiterated a “hold” rating and issued a $16.00 target price on shares of Regions Financial Corporation in a research note on Friday, August 11th. Wells Fargo & Company began coverage on shares of Regions Financial Corporation in a research note on Wednesday, August 9th. They issued a “market perform” rating and a $16.00 target price on the stock. Finally, Vining Sparks upgraded shares of Regions Financial Corporation from an “outperform” rating to a “strong-buy” rating in a research note on Wednesday, July 26th. Three equities research analysts have rated the stock with a sell rating, fourteen have given a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company’s stock. Regions Financial Corporation presently has an average rating of “Hold” and a consensus target price of $14.89.

Regions Financial Corporation (RF) opened at 14.02 on Tuesday. Regions Financial Corporation has a 52 week low of $9.45 and a 52 week high of $16.03. The company has a market capitalization of $16.76 billion, a PE ratio of 14.65 and a beta of 1.33. The company has a 50-day moving average of $14.19 and a 200-day moving average of $14.28.

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

Regions Financial Corporation declared that its board has approved a stock buyback plan on Wednesday, June 28th that allows the company to buyback $1.47 billion in outstanding shares. This buyback authorization allows the bank to reacquire up to 8.7% of its shares through open market purchases. Shares buyback plans are often an indication that the company’s board believes its shares are undervalued.

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In related news, Director Susan W. Matlock sold 10,000 shares of the stock in a transaction on Friday, August 4th. The shares were sold at an average price of $15.23, for a total transaction of $152,300.00. Following the transaction, the director now owns 32,188 shares of the company’s stock, valued at approximately $490,223.24. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, EVP Scott M. Peters sold 13,689 shares of the stock in a transaction on Wednesday, July 26th. The shares were sold at an average price of $14.61, for a total transaction of $199,996.29. Following the transaction, the executive vice president now directly owns 147,528 shares in the company, valued at approximately $2,155,384.08. 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. 0.52% of the stock is owned by insiders.

Several hedge funds have recently added to or reduced their stakes in RF. Sowell Financial Services LLC bought a new stake in Regions Financial Corporation in the 4th quarter worth $109,000. FNY Partners Fund LP bought a new stake in Regions Financial Corporation in the 1st quarter worth $103,000. Bronfman E.L. Rothschild L.P. grew its holdings in Regions Financial Corporation by 10.2% in the 1st quarter. Bronfman E.L. Rothschild L.P. now owns 7,184 shares of the bank’s stock worth $104,000 after acquiring an additional 666 shares during the last quarter. Lloyds Banking Group plc bought a new stake in Regions Financial Corporation in the 2nd quarter worth $108,000. Finally, WFG Advisors LP grew its holdings in Regions Financial Corporation by 131.1% in the 4th quarter. WFG Advisors LP now owns 7,544 shares of the bank’s stock worth $521,000 after acquiring an additional 4,279 shares during the last quarter. 75.56% of the stock is currently owned by institutional investors.

About Regions Financial Corporation

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.

Analyst Recommendations for Regions Financial Corporation (NYSE:RF)

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