Regions Financial (NYSE:RF) had its price target upped by investment analysts at Morgan Stanley from $20.00 to $21.00 in a research report issued to clients and investors on Friday. The firm currently has an “equal weight” rating on the bank’s stock. Morgan Stanley’s target price suggests a potential upside of 9.09% from the company’s previous close.
RF has been the subject of a number of other research reports. FBR & Co restated a “hold” rating and set a $16.00 price objective on shares of Regions Financial in a research report on Wednesday, October 25th. Barclays raised their price objective on Regions Financial from $15.00 to $19.00 and gave the company an “underweight” rating in a research report on Tuesday, January 2nd. Robert W. Baird restated a “sell” rating and set a $17.00 price objective on shares of Regions Financial in a research report on Wednesday, January 3rd. Wedbush upgraded Regions Financial from a “neutral” rating to an “outperform” rating and set a $20.00 price objective for the company in a research report on Thursday, December 21st. Finally, Goldman Sachs Group upgraded Regions Financial from a “buy” rating to a “conviction-buy” rating in a research report on Thursday, November 16th. Three investment analysts have rated the stock with a sell rating, eighteen have issued a hold rating, four have issued a buy rating and two have issued a strong buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target of $17.24.
Regions Financial (NYSE RF) traded down $0.29 during trading hours on Friday, reaching $19.25. The company’s stock had a trading volume of 14,197,209 shares, compared to its average volume of 9,510,000. The company has a current ratio of 0.86, a quick ratio of 0.86 and a debt-to-equity ratio of 0.53. The company has a market capitalization of $22,330.00, a PE ratio of 19.25, a PEG ratio of 1.44 and a beta of 1.32. Regions Financial has a twelve month low of $13.00 and a twelve month high of $19.90.
In other Regions Financial news, EVP John B. Owen sold 40,000 shares of the firm’s stock in a transaction dated Tuesday, November 7th. The shares were sold at an average price of $15.67, for a total value of $626,800.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Scott M. Peters sold 25,627 shares of the firm’s stock in a transaction dated Wednesday, January 24th. The stock was sold at an average price of $19.50, for a total transaction of $499,726.50. Following the completion of the sale, the executive vice president now directly owns 240,796 shares of the company’s stock, valued at approximately $4,695,522. The disclosure for this sale can be found here. In the last quarter, insiders sold 80,627 shares of company stock valued at $1,382,127. 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 the business. CIBC Asset Management Inc lifted its stake in Regions Financial by 3.2% in the fourth quarter. CIBC Asset Management Inc now owns 141,074 shares of the bank’s stock worth $2,438,000 after purchasing an additional 4,310 shares during the last quarter. Moody Lynn & Lieberson LLC bought a new stake in Regions Financial in the fourth quarter worth about $846,000. US Bancorp DE lifted its stake in Regions Financial by 5.7% in the fourth quarter. US Bancorp DE now owns 320,833 shares of the bank’s stock worth $5,544,000 after purchasing an additional 17,297 shares during the last quarter. Aperio Group LLC lifted its stake in Regions Financial by 5.9% in the fourth quarter. Aperio Group LLC now owns 1,172,688 shares of the bank’s stock worth $20,264,000 after purchasing an additional 65,320 shares during the last quarter. Finally, Harel Insurance Investments & Financial Services Ltd. bought a new stake in Regions Financial in the fourth quarter worth about $1,123,000. 77.10% of the stock is owned by institutional investors and hedge funds.
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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.
