Regions Financial (NYSE:RF)‘s stock had its “hold” rating reissued by analysts at Piper Jaffray Companies in a research report issued on Friday. They presently have a $18.00 price objective on the bank’s stock. Piper Jaffray Companies’ price target would indicate a potential downside of 3.59% from the stock’s current price.
Other equities research analysts also recently issued research reports about the company. Royal Bank of Canada reaffirmed a “hold” rating and issued a $16.00 target price on shares of Regions Financial in a research report on Wednesday, October 25th. SunTrust Banks reaffirmed a “buy” rating and issued a $19.00 target price on shares of Regions Financial in a research report on Wednesday, November 29th. ValuEngine downgraded Regions Financial from a “buy” rating to a “hold” rating in a research report on Tuesday. UBS Group raised Regions Financial from a “sell” rating to a “neutral” rating and upped their target price for the stock from $15.00 to $18.00 in a research report on Tuesday, December 12th. Finally, Nomura reissued a “neutral” rating and issued a $17.00 price target (up previously from $16.00) on shares of Regions Financial in a report on Thursday, October 26th. Three research analysts have rated the stock with a sell rating, seventeen have assigned a hold rating, three have issued a buy rating and two have assigned a strong buy rating to the company. The company presently has a consensus rating of “Hold” and an average target price of $16.70.
Shares of Regions Financial (NYSE RF) traded up $0.52 during midday trading on Friday, hitting $18.67. The stock had a trading volume of 15,214,410 shares, compared to its average volume of 9,350,000. Regions Financial has a 52 week low of $13.00 and a 52 week high of $18.70. The company has a debt-to-equity ratio of 0.39, a current ratio of 0.85 and a quick ratio of 0.84. The stock has a market capitalization of $21,660.00, a P/E ratio of 19.65, a price-to-earnings-growth ratio of 1.06 and a beta of 1.30.
In other Regions Financial news, Director John E. D. D. S. Maupin, Jr. sold 15,000 shares of the company’s stock in a transaction that occurred on Tuesday, December 5th. The stock was sold at an average price of $17.04, for a total transaction of $255,600.00. Following the sale, the director now owns 59,436 shares in the company, valued at $1,012,789.44. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Scott M. Peters sold 25,000 shares of the company’s stock in a transaction that occurred on Thursday, October 26th. The shares were sold at an average price of $15.84, for a total value of $396,000.00. Following the sale, the executive vice president now owns 121,459 shares in the company, valued at approximately $1,923,910.56. The disclosure for this sale can be found here. Insiders sold 80,000 shares of company stock valued at $1,278,400 in the last three months. 0.52% of the stock is currently owned by company insiders.
A number of hedge funds and other institutional investors have recently made changes to their positions in RF. Janus Henderson Group PLC raised its stake in Regions Financial by 8,065.3% during the second quarter. Janus Henderson Group PLC now owns 13,067,310 shares of the bank’s stock valued at $191,306,000 after buying an additional 12,907,276 shares in the last quarter. Old Mutual Global Investors UK Ltd. raised its stake in Regions Financial by 257.2% during the third quarter. Old Mutual Global Investors UK Ltd. now owns 9,538,317 shares of the bank’s stock valued at $145,268,000 after buying an additional 6,868,243 shares in the last quarter. Samlyn Capital LLC raised its stake in Regions Financial by 63.0% during the second quarter. Samlyn Capital LLC now owns 9,074,895 shares of the bank’s stock valued at $132,856,000 after buying an additional 3,506,995 shares in the last quarter. Parametric Portfolio Associates LLC raised its stake in Regions Financial by 66.2% during the second quarter. Parametric Portfolio Associates LLC now owns 6,319,165 shares of the bank’s stock valued at $92,513,000 after buying an additional 2,517,411 shares in the last quarter. Finally, Vanguard Group Inc. raised its stake in Regions Financial by 1.3% during the second quarter. Vanguard Group Inc. now owns 134,473,976 shares of the bank’s stock valued at $1,968,699,000 after buying an additional 1,742,890 shares in the last quarter. Hedge funds and other institutional investors own 75.27% 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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