Regions Financial (RF) Given Sell Rating at Barclays

Regions Financial (NYSE:RF)‘s stock had its “sell” rating reiterated by equities research analysts at Barclays in a note issued to investors on Tuesday. They currently have a $20.00 price objective on the bank’s stock. Barclays’ price target would suggest a potential upside of 3.31% from the company’s current price.

RF has been the subject of several other reports. Nomura reaffirmed a “neutral” rating and set a $17.00 price target (up from $16.00) on shares of Regions Financial in a report on Thursday, October 26th. Robert W. Baird reissued a “sell” rating and issued a $17.00 target price on shares of Regions Financial in a report on Wednesday, January 3rd. Sandler O’Neill raised Regions Financial from a “hold” rating to a “buy” rating in a report on Monday. Royal Bank of Canada reissued a “hold” rating and issued a $18.00 target price on shares of Regions Financial in a report on Sunday. Finally, B. Riley reissued a “hold” rating and issued a $19.00 target price on shares of Regions Financial in a report on Monday. Three analysts have rated the stock with a sell rating, eighteen have given a hold rating, four have issued a buy rating and two have given a strong buy rating to the company’s stock. Regions Financial currently has an average rating of “Hold” and a consensus price target of $16.95.

Shares of Regions Financial (RF) traded up $0.20 during midday trading on Tuesday, hitting $19.36. The company had a trading volume of 17,417,190 shares, compared to its average volume of 10,555,293. The company has a current ratio of 0.86, a quick ratio of 0.86 and a debt-to-equity ratio of 0.53. Regions Financial has a 52-week low of $13.00 and a 52-week high of $19.48. The firm has a market capitalization of $22,460.00, a P/E ratio of 19.36, a PEG ratio of 1.07 and a beta of 1.30.

Regions Financial (NYSE:RF) last issued its quarterly earnings results on Friday, January 19th. The bank reported $0.27 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.26 by $0.01. Regions Financial had a return on equity of 7.87% and a net margin of 20.48%. The firm had revenue of $1.48 billion during the quarter, compared to the consensus estimate of $1.45 billion. During the same period last year, the company earned $0.23 earnings per share. The company’s revenue for the quarter was up 5.9% on a year-over-year basis. research analysts expect that Regions Financial will post 1.2 EPS for the current year.

In other news, Director John E. D. D. S. Maupin, Jr. sold 15,000 shares of Regions Financial stock in a transaction 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 completion of the transaction, the director now owns 59,436 shares of the company’s stock, valued at approximately $1,012,789.44. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, EVP John B. Owen sold 40,000 shares of Regions Financial stock in a transaction on Tuesday, November 7th. The stock was sold at an average price of $15.67, for a total value of $626,800.00. The disclosure for this sale can be found here. Insiders have 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.

Institutional investors have recently bought and sold shares of the stock. Sun Life Financial INC increased its position in 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 purchasing an additional 8,832 shares in the last quarter. Salem Investment Counselors Inc. increased its position in 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 purchasing an additional 26 shares in the last quarter. Steward Partners Investment Advisory LLC purchased a new stake in Regions Financial during the 3rd quarter worth about $150,000. Pax World Management LLC purchased a new stake in Regions Financial during the 3rd quarter worth about $154,000. Finally, Brightworth purchased a new stake in Regions Financial during the 3rd quarter worth about $159,000. Hedge funds and other institutional investors own 75.32% of the company’s stock.

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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.

Analyst Recommendations for Regions Financial (NYSE:RF)

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