Regions Financial (NYSE:RF) was upgraded by research analysts at Wedbush from a “neutral” rating to an “outperform” rating in a report issued on Thursday, MarketBeat reports. The brokerage presently has a $20.00 target price on the bank’s stock. Wedbush’s price objective would suggest a potential upside of 15.94% from the stock’s current price.
Several other equities analysts have also commented on RF. UBS raised Regions Financial from a “sell” rating to a “neutral” rating and raised their price objective for the company from $15.00 to $18.00 in a research report on Tuesday, December 12th. Keefe, Bruyette & Woods reissued a “hold” rating and set a $15.00 price objective on shares of Regions Financial in a research report on Tuesday, October 3rd. Piper Jaffray Companies reissued a “hold” rating and set a $14.50 price objective on shares of Regions Financial in a research report on Tuesday, September 19th. Robert W. Baird lowered 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. Finally, FBR & Co reissued a “hold” rating and set a $16.00 price objective on shares of Regions Financial in a research report on Wednesday, October 25th. Three analysts have rated the stock with a sell rating, sixteen have issued a hold rating, three have given a buy rating and two have issued a strong buy rating to the company. The stock has an average rating of “Hold” and a consensus price target of $16.13.
Regions Financial (NYSE RF) traded down $0.05 during trading hours on Thursday, reaching $17.25. 8,705,400 shares of the company traded hands, compared to its average volume of 14,985,373. The company has a market capitalization of $20,067.50, a PE ratio of 18.02, a P/E/G ratio of 1.57 and a beta of 1.30. Regions Financial has a twelve month low of $13.00 and a twelve month high of $17.53. The company has a current ratio of 0.85, a quick ratio of 0.84 and a debt-to-equity ratio of 0.39.
In other Regions Financial news, EVP John B. Owen sold 40,000 shares of the business’s stock in a transaction dated Tuesday, November 7th. The stock was sold at an average price of $15.67, for a total value of $626,800.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director John E. D. D. S. Maupin, Jr. sold 15,000 shares of the business’s stock in a transaction dated Tuesday, December 5th. The stock was sold at an average price of $17.04, for a total value of $255,600.00. Following the completion of the transaction, 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 sold 80,000 shares of company stock valued at $1,278,400. 0.52% of the stock is owned by insiders.
Large investors have recently modified their holdings of the business. OMERS ADMINISTRATION Corp purchased a new position in Regions Financial in the 2nd quarter worth about $1,259,000. Koch Industries Inc. purchased a new position in Regions Financial in the 2nd quarter worth about $614,000. Fjarde AP Fonden Fourth Swedish National Pension Fund raised its position in Regions Financial by 17.9% in the 2nd quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 295,359 shares of the bank’s stock worth $4,324,000 after buying an additional 44,909 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its position in Regions Financial by 35.6% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 432,686 shares of the bank’s stock worth $6,335,000 after buying an additional 113,610 shares during the last quarter. Finally, Pinebridge Investments L.P. raised its position in Regions Financial by 5.7% in the 3rd quarter. Pinebridge Investments L.P. now owns 758,442 shares of the bank’s stock worth $11,551,000 after buying an additional 40,919 shares during the last quarter. 75.25% of the stock is owned by institutional investors and hedge funds.
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.
