Regions Financial (NYSE:RF) Lifted to Hold at ValuEngine

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Regions Financial (NYSE:RF) was upgraded by ValuEngine from a “sell” rating to a “hold” rating in a research report issued on Friday, ValuEngine reports.

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.

Regions Financial (NYSE:RF) last announced its earnings results on Friday, January 17th. The bank reported $0.40 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.39 by $0.01. The company had revenue of $1.48 billion during the quarter, compared to analyst estimates of $1.48 billion. Regions Financial had a net margin of 23.42% and a return on equity of 10.77%. Regions Financial’s revenue was up 3.0% compared to the same quarter last year. During the same quarter last year, the firm posted $0.37 earnings per share. Research analysts predict that Regions Financial will post 1.62 EPS for the current year.

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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Analyst Recommendations for Regions Financial (NYSE:RF)

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