Regions Financial (NYSE:RF) had its target price boosted by Barclays from $15.00 to $19.00 in a research report issued to clients and investors on Tuesday. The firm presently has an “underweight” rating on the bank’s stock. Barclays’ price target would indicate a potential upside of 9.67% from the company’s current price.
Several other equities research analysts have also issued reports on the company. Wedbush raised Regions Financial from a “neutral” rating to an “outperform” rating and set a $20.00 price target on the stock in a research report on Thursday, December 21st. UBS Group raised Regions Financial from a “sell” rating to a “neutral” rating and upped their price target for the company from $15.00 to $18.00 in a research report on Tuesday, December 12th. SunTrust Banks reissued a “buy” rating and set a $19.00 price target on shares of Regions Financial in a research report on Wednesday, November 29th. Goldman Sachs Group raised Regions Financial from a “buy” rating to a “conviction-buy” rating in a research report on Thursday, November 16th. Finally, JPMorgan Chase & Co. upped their price target on Regions Financial from $15.50 to $16.00 and gave the company a “neutral” rating in a research report on Wednesday, November 1st. Three research analysts have rated the stock with a sell rating, sixteen have assigned a hold rating, three have issued a buy rating and two have given a strong buy rating to the company. The company has a consensus rating of “Hold” and a consensus target price of $16.33.
Regions Financial (NYSE RF) traded up $0.04 during mid-day trading on Tuesday, hitting $17.33. The company had a trading volume of 4,885,996 shares, compared to its average volume of 14,759,157. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.84 and a current ratio of 0.85. The firm has a market cap of $20,044.30, a price-to-earnings ratio of 18.05, a P/E/G ratio of 1.41 and a beta of 1.30. Regions Financial has a twelve month low of $13.00 and a twelve month high of $17.58.
In other news, EVP Scott M. Peters sold 25,000 shares of the stock in a transaction on Thursday, October 26th. The stock was sold at an average price of $15.84, for a total value of $396,000.00. Following the completion of the transaction, the executive vice president now owns 121,459 shares of the company’s stock, valued at $1,923,910.56. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director John E. D. D. S. Maupin, Jr. sold 15,000 shares of the stock in a transaction on 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. Over the last 90 days, insiders have sold 80,000 shares of company stock valued at $1,278,400. 0.52% of the stock is owned by company insiders.
Large investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. boosted 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. BlackRock Inc. boosted its stake in Regions Financial by 3,130.8% during the first quarter. BlackRock Inc. now owns 92,466,983 shares of the bank’s stock valued at $1,343,545,000 after buying an additional 89,604,919 shares in the last quarter. State Street Corp boosted its stake in Regions Financial by 4.5% during the fourth quarter. State Street Corp now owns 73,217,844 shares of the bank’s stock valued at $1,051,405,000 after buying an additional 3,158,238 shares in the last quarter. BlackRock Institutional Trust Company N.A. boosted its stake in Regions Financial by 5.5% during the first quarter. BlackRock Institutional Trust Company N.A. now owns 36,010,738 shares of the bank’s stock valued at $282,684,000 after buying an additional 1,878,532 shares in the last quarter. Finally, Boston Partners boosted its stake in Regions Financial by 3.7% during the third quarter. Boston Partners now owns 33,692,511 shares of the bank’s stock valued at $513,137,000 after buying an additional 1,191,474 shares in the last quarter. 75.25% of the stock is owned by institutional investors.
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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.
