Regions Financial (NYSE:RF)‘s stock had its “hold” rating reissued by analysts at B. Riley in a report released on Monday. They currently have a $19.00 price objective on the bank’s stock. B. Riley’s target price suggests a potential downside of 0.84% from the company’s current price.
Several other research analysts have also issued reports on the stock. Sandler O’Neill raised shares of Regions Financial from a “hold” rating to a “buy” rating in a research report on Monday. Royal Bank of Canada reissued a “hold” rating and issued a $18.00 price target on shares of Regions Financial in a research report on Sunday. Piper Jaffray Companies reissued a “hold” rating and issued a $18.00 price target on shares of Regions Financial in a research report on Friday. ValuEngine lowered shares of Regions Financial from a “buy” rating to a “hold” rating in a research report on Tuesday, January 16th. Finally, Robert W. Baird reissued a “sell” rating and issued a $17.00 price target on shares of Regions Financial in a research report on Wednesday, January 3rd. Three equities research analysts have rated the stock with a sell rating, eighteen have given a hold rating, four have issued a buy rating and two have issued a strong buy rating to the company’s stock. Regions Financial currently has an average rating of “Hold” and an average price target of $16.90.
Shares of Regions Financial (NYSE:RF) traded up $0.49 on Monday, hitting $19.16. 13,580,000 shares of the stock were exchanged, compared to its average volume of 9,460,000. The firm has a market capitalization of $22,230.00, a price-to-earnings ratio of 19.16, a P/E/G ratio of 1.07 and a beta of 1.30. The company has a debt-to-equity ratio of 0.53, a current ratio of 0.86 and a quick ratio of 0.86. Regions Financial has a 1-year low of $13.00 and a 1-year high of $19.17.
In other news, EVP John B. Owen sold 40,000 shares of the firm’s stock in a transaction that occurred on Tuesday, November 7th. The shares were sold at an average price of $15.67, for a total transaction of $626,800.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director John E. D. D S. Maupin, Jr. sold 15,000 shares of the firm’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 directly owns 59,436 shares of the company’s stock, valued at approximately $1,012,789.44. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 80,000 shares of company stock valued at $1,278,400. Company insiders own 0.52% of the company’s stock.
Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Sun Life Financial INC grew its stake in shares of Regions Financial by 98,133.3% during the second quarter. Sun Life Financial INC now owns 8,841 shares of the bank’s stock valued at $129,000 after purchasing an additional 8,832 shares during the last quarter. Salem Investment Counselors Inc. grew its stake in shares of Regions Financial by 0.3% during the second quarter. Salem Investment Counselors Inc. now owns 9,124 shares of the bank’s stock valued at $134,000 after purchasing an additional 26 shares during the last quarter. Steward Partners Investment Advisory LLC bought a new stake in shares of Regions Financial during the third quarter valued at approximately $150,000. Pax World Management LLC bought a new stake in shares of Regions Financial during the third quarter valued at approximately $154,000. Finally, Brightworth bought a new stake in shares of Regions Financial during the third quarter valued at approximately $159,000. 75.32% of the stock is currently owned by institutional investors and hedge funds.
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About Regions Financial
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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