Todays Report: The Regions Financial Corp. (RF) Given “Marketperform” Rating at FBR & Co

The Regions Financial Corp. (RF) Given “Marketperform” Rating at FBR & Co

Regions Financial Corp. (NYSE:RF)‘s stock had its “marketperform” rating restated by stock analysts at FBR & Co in a note issued to investors on Monday.

RF has been the topic of a number of other research reports. Vetr raised Regions Financial Corp. from a “buy” rating to a “strong-buy” rating and set a $10.50 price target on the stock in a research report on Monday, June 13th. Deutsche Bank AG reissued a “hold” rating on shares of Regions Financial Corp. in a research report on Wednesday, June 15th. Bank of America Corp. downgraded Regions Financial Corp. from a “buy” rating to a “neutral” rating in a research report on Wednesday, June 29th. TheStreet downgraded Regions Financial Corp. from a “buy” rating to a “hold” rating in a research report on Tuesday, July 5th. Finally, Jefferies Group reissued a “buy” rating and set a $9.50 price target on shares of Regions Financial Corp. in a research report on Thursday, July 7th. One equities research analyst has rated the stock with a sell rating, thirteen have given a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus price target of $10.34.

Shares of Regions Financial Corp. (NYSE:RF) traded down 4.20% during mid-day trading on Monday, hitting $9.81. 8,416,124 shares of the stock were exchanged. The stock’s 50 day moving average is $9.87 and its 200 day moving average is $9.23. Regions Financial Corp. has a 12 month low of $7.00 and a 12 month high of $10.47. The firm has a market cap of $12.31 billion, a P/E ratio of 12.34 and a beta of 1.44.

Regions Financial Corp. (NYSE:RF) last released its quarterly earnings results on Tuesday, July 19th. The company reported $0.20 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.21 by $0.01. Regions Financial Corp. had a net margin of 18.63% and a return on equity of 6.65%. The company had revenue of $1.40 billion for the quarter, compared to analysts’ expectations of $1.37 billion. Analysts expect that Regions Financial Corp. will post $0.83 EPS for the current fiscal year.

In other Regions Financial Corp. news, EVP Ellen S. Jones sold 10,000 shares of the firm’s stock in a transaction that occurred on Thursday, August 18th. The stock was sold at an average price of $9.53, for a total value of $95,300.00. Following the sale, the executive vice president now directly owns 54,886 shares of the company’s stock, valued at $523,063.58. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP C. Keith Herron sold 38,753 shares of the firm’s stock in a transaction that occurred on Tuesday, August 9th. The shares were sold at an average price of $9.38, for a total value of $363,503.14. Following the completion of the sale, the executive vice president now directly owns 290,384 shares in the company, valued at $2,723,801.92. The disclosure for this sale can be found here. 0.88% of the stock is owned by company insiders.

A number of hedge funds have recently modified their holdings of the stock. AJO LP raised its stake in shares of Regions Financial Corp. by 665.8% in the second quarter. AJO LP now owns 12,532,352 shares of the company’s stock worth $106,650,000 after buying an additional 10,895,919 shares in the last quarter. Bank of Montreal Can purchased a new stake in shares of Regions Financial Corp. during the second quarter worth about $44,648,000. Basswood Capital Management L.L.C. raised its stake in shares of Regions Financial Corp. by 70.7% in the second quarter. Basswood Capital Management L.L.C. now owns 11,942,752 shares of the company’s stock worth $101,633,000 after buying an additional 4,944,933 shares in the last quarter. Samlyn Capital LLC raised its stake in shares of Regions Financial Corp. by 66.0% in the first quarter. Samlyn Capital LLC now owns 11,611,786 shares of the company’s stock worth $91,152,000 after buying an additional 4,616,877 shares in the last quarter. Finally, Systematic Financial Management LP purchased a new stake in shares of Regions Financial Corp. during the second quarter worth about $36,379,000. 74.29% of the stock is currently owned by institutional investors.

About Regions Financial Corp.

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