Several brokerages have updated their recommendations and price targets on shares of Regions Financial Corporation (NYSE: RF) in the last few weeks:

  • 10/3/2017 – Regions Financial Corporation had its “hold” rating reaffirmed by analysts at Keefe, Bruyette & Woods. They now have a $15.00 price target on the stock.
  • 10/2/2017 – Regions Financial Corporation was downgraded by analysts at Robert W. Baird from a “neutral” rating to an “underperform” rating. They now have a $13.00 price target on the stock.
  • 9/19/2017 – Regions Financial Corporation had its “hold” rating reaffirmed by analysts at Piper Jaffray Companies. They now have a $14.50 price target on the stock.
  • 9/15/2017 – Regions Financial Corporation had its “hold” rating reaffirmed by analysts at Keefe, Bruyette & Woods. They now have a $15.50 price target on the stock.
  • 8/17/2017 – Regions Financial Corporation had its “hold” rating reaffirmed by analysts at Piper Jaffray Companies. They now have a $14.50 price target on the stock.
  • 8/16/2017 – Regions Financial Corporation had its “hold” rating reaffirmed by analysts at Keefe, Bruyette & Woods. They now have a $15.50 price target on the stock.
  • 8/14/2017 – Regions Financial Corporation was downgraded by analysts at BidaskClub from a “hold” rating to a “sell” rating.
  • 8/11/2017 – Regions Financial Corporation had its “hold” rating reaffirmed by analysts at Jefferies Group LLC. They now have a $16.00 price target on the stock.
  • 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.

Regions Financial Corporation (NYSE:RF) opened at 15.17 on Wednesday. The firm’s 50-day moving average is $14.22 and its 200 day moving average is $14.25. The company has a market cap of $18.13 billion, a PE ratio of 15.85 and a beta of 1.34. Regions Financial Corporation has a 1-year low of $9.78 and a 1-year high of $16.03.

Regions Financial Corporation (NYSE:RF) last announced its earnings results on Friday, July 21st. The bank reported $0.25 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.24 by $0.01. Regions Financial Corporation had a return on equity of 7.51% and a net margin of 20.25%. The firm had revenue of $1.42 billion for the quarter, compared to the consensus estimate of $1.43 billion. During the same period in the previous year, the business earned $0.20 EPS. The firm’s revenue for the quarter was up 2.0% on a year-over-year basis. Analysts predict 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 was paid on Friday, September 29th. Shareholders of record on Friday, September 8th were paid a $0.09 dividend. The ex-dividend date of this dividend was Thursday, September 7th. This is a boost from Regions Financial Corporation’s previous quarterly dividend of $0.07. This represents a $0.36 dividend on an annualized basis and a yield of 2.37%. Regions Financial Corporation’s dividend payout ratio (DPR) is 37.89%.

In other news, CFO David J. Turner, Jr. sold 65,000 shares of the company’s stock in a transaction dated Monday, August 7th. The shares were sold at an average price of $14.95, for a total transaction of $971,750.00. Following the transaction, the chief financial officer now owns 121,160 shares in the company, valued at $1,811,342. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Susan W. Matlock sold 10,000 shares of the company’s stock in a transaction dated 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 in the company, valued at approximately $490,223.24. The disclosure for this sale can be found here. Over the last quarter, insiders sold 124,514 shares of company stock valued at $1,846,733. 0.52% of the stock is currently owned by company insiders.

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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