Shares of Regions Financial Corporation (NYSE:RF) have earned an average rating of “Hold” from the twenty-four ratings firms that are presently covering the company, Marketbeat reports. Three equities research analysts have rated the stock with a sell rating, seventeen have assigned a hold rating, two have assigned a buy rating and two have issued a strong buy rating on the company. The average 1-year price target among analysts that have covered the stock in the last year is $15.82.
RF has been the subject of several research reports. Robert W. Baird cut shares of Regions Financial from a “neutral” rating to an “underperform” rating and set a $13.00 price objective for the company. in a research report on Monday, October 2nd. FBR & Co reissued a “hold” rating and issued a $16.00 price objective on shares of Regions Financial in a research report on Wednesday, October 25th. Keefe, Bruyette & Woods reissued a “hold” rating and issued a $15.50 price objective on shares of Regions Financial in a research report on Friday, September 15th. SunTrust Banks reissued a “buy” rating and issued a $19.00 price objective on shares of Regions Financial in a research report on Wednesday, November 29th. Finally, UBS raised shares of Regions Financial from a “sell” rating to a “neutral” rating and boosted their price objective for the company from $15.00 to $18.00 in a research report on Tuesday.
Regions Financial (NYSE:RF) opened at $17.12 on Friday. Regions Financial has a 52 week low of $13.00 and a 52 week high of $17.41. The company has a current ratio of 0.85, a quick ratio of 0.84 and a debt-to-equity ratio of 0.39. The company has a market cap of $19,812.30, a PE ratio of 17.79, a P/E/G ratio of 1.55 and a beta of 1.30.
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, January 2nd. Stockholders of record on Friday, December 8th will be given a $0.09 dividend. The ex-dividend date of this dividend is Thursday, December 7th. This represents a $0.36 annualized dividend and a dividend yield of 2.10%. Regions Financial’s payout ratio is presently 37.50%.
In related news, Director John E. D. D. S. Maupin, Jr. sold 15,000 shares of the business’s stock in a transaction that occurred on Tuesday, December 5th. The shares were sold at an average price of $17.04, for a total transaction of $255,600.00. Following the completion of the transaction, the director now owns 59,436 shares in the company, valued at approximately $1,012,789.44. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP John B. Owen sold 40,000 shares of the business’s stock in a transaction that occurred on Tuesday, November 7th. The stock was sold at an average price of $15.67, for a total transaction of $626,800.00. The disclosure for this sale can be found here. Insiders sold a total of 80,000 shares of company stock valued at $1,278,400 in the last ninety days. Corporate insiders own 0.52% of the company’s stock.
Hedge funds and other institutional investors have recently bought and sold shares of the stock. Seven Eight Capital LP bought a new position in shares of Regions Financial during the 2nd quarter worth approximately $111,000. Sun Life Financial INC raised its stake in shares of Regions Financial by 98,133.3% during the 2nd quarter. Sun Life Financial INC now owns 8,841 shares of the bank’s stock worth $129,000 after acquiring an additional 8,832 shares in the last quarter. Salem Investment Counselors Inc. raised its stake in shares of Regions Financial by 0.3% during the 2nd quarter. Salem Investment Counselors Inc. now owns 9,124 shares of the bank’s stock worth $134,000 after acquiring an additional 26 shares in the last quarter. Captrust Financial Advisors bought a new position in shares of Regions Financial during the 2nd quarter worth approximately $139,000. Finally, Steward Partners Investment Advisory LLC bought a new position in shares of Regions Financial during the 3rd quarter worth approximately $150,000. Hedge funds and other institutional investors own 75.70% of the company’s stock.
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Regions Financial Company Profile
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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