Several other research analysts have also weighed in on RF. Odeon Capital Group lowered shares of Regions Financial from a “buy” rating to a “hold” rating in a research note on Monday, February 3rd. BMO Capital Markets lowered shares of Regions Financial from an “outperform” rating to a “market perform” rating in a research note on Monday, November 11th. Goldman Sachs Group raised their price objective on shares of Regions Financial from $18.50 to $19.50 and gave the company a “buy” rating in a research note on Monday, January 6th. Janney Montgomery Scott raised shares of Regions Financial from a “neutral” rating to a “buy” rating and set a $18.50 price objective for the company in a research note on Tuesday, January 21st. Finally, SunTrust Banks raised their price objective on shares of Regions Financial from $19.00 to $20.00 and gave the company a “buy” rating in a research note on Thursday, January 2nd. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and eight have assigned a buy rating to the company. The company presently has an average rating of “Hold” and a consensus price target of $17.57.
RF stock traded down $0.21 during mid-day trading on Friday, hitting $16.33. 12,261,920 shares of the company were exchanged, compared to its average volume of 9,880,944. The company has a quick ratio of 0.87, a current ratio of 0.88 and a debt-to-equity ratio of 0.53. The firm has a market capitalization of $15.85 billion, a P/E ratio of 10.81, a PEG ratio of 1.47 and a beta of 1.51. The business has a fifty day simple moving average of $16.26 and a 200-day simple moving average of $16.01. Regions Financial has a 12-month low of $13.38 and a 12-month high of $17.54.
In other news, EVP David R. Keenan sold 30,658 shares of the firm’s stock in a transaction that occurred on Tuesday, November 26th. The shares were sold at an average price of $16.73, for a total value of $512,908.34. Following the completion of the transaction, the executive vice president now owns 133,675 shares of the company’s stock, valued at $2,236,382.75. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Company insiders own 0.28% of the company’s stock.
Institutional investors have recently modified their holdings of the stock. Quest Capital Management Inc. ADV purchased a new position in Regions Financial in the third quarter worth approximately $38,000. Parkside Financial Bank & Trust raised its holdings in Regions Financial by 77.4% during the fourth quarter. Parkside Financial Bank & Trust now owns 2,432 shares of the bank’s stock worth $42,000 after purchasing an additional 1,061 shares in the last quarter. Mcmillion Capital Management Inc. acquired a new stake in Regions Financial during the fourth quarter worth approximately $46,000. Samalin Investment Counsel LLC acquired a new stake in Regions Financial during the fourth quarter worth approximately $45,000. Finally, Tobias Financial Advisors Inc. acquired a new stake in Regions Financial during the fourth quarter worth approximately $48,000. Institutional investors own 71.57% of the company’s stock.
About Regions Financial
Regions Financial Corporation, a financial holding company, provides banking and bank-related services to individual and corporate customers in the United States. It operates through three segments: Corporate Bank, Consumer Bank, and Wealth Management. The Corporate Bank segment offers commercial banking services, such as commercial and industrial, commercial real estate, and investor real estate lending; equipment lease financing services; corresponding deposit products; and securities underwriting and placement, loan syndication and placement, foreign exchange, derivatives, merger and acquisition, and other advisory services.
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