Todays Report: The Regions Financial Corp. (RF) Rating Lowered to Market Perform at FBR & Co

The Regions Financial Corp. (RF) Rating Lowered to Market Perform at FBR & Co

Regions Financial Corp. (NYSE:RF) was downgraded by investment analysts at FBR & Co from an “outperform” rating to a “market perform” rating in a research report issued to clients and investors on Tuesday. They currently have a $10.50 price objective on the stock. FBR & Co’s price objective points to a potential upside of 2.54% from the company’s current price.

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

Regions Financial Corp. (NYSE:RF) opened at 10.24 on Tuesday. Regions Financial Corp. has a 52-week low of $7.00 and a 52-week high of $10.47. The firm’s 50-day moving average is $9.87 and its 200-day moving average is $9.23. The stock has a market cap of $12.85 billion, a P/E ratio of 12.88 and a beta of 1.44.

Regions Financial Corp. (NYSE:RF) last announced its quarterly earnings data on Tuesday, July 19th. The company reported $0.20 earnings per share (EPS) for the quarter, missing the Zacks’ 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 firm earned $1.40 billion during the quarter, compared to analysts’ expectations of $1.37 billion. Equities research analysts predict that Regions Financial Corp. will post $0.83 earnings per share for the current year.

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

A number of large investors have recently added to or reduced their stakes in RF. Vanguard Group Inc. increased its stake in Regions Financial Corp. by 1.0% in the second quarter. Vanguard Group Inc. now owns 127,898,103 shares of the company’s stock worth $1,088,413,000 after buying an additional 1,317,327 shares during the period. FMR LLC increased its stake in Regions Financial Corp. by 3.0% in the second quarter. FMR LLC now owns 113,805,979 shares of the company’s stock worth $968,488,000 after buying an additional 3,323,092 shares during the period. State Street Corp increased its stake in Regions Financial Corp. by 1.9% in the second quarter. State Street Corp now owns 66,867,165 shares of the company’s stock worth $569,040,000 after buying an additional 1,241,187 shares during the period. BlackRock Institutional Trust Company N.A. increased its stake in Regions Financial Corp. by 5.5% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 36,010,738 shares of the company’s stock worth $282,684,000 after buying an additional 1,878,532 shares during the period. Finally, LSV Asset Management increased its stake in Regions Financial Corp. by 2.7% in the second quarter. LSV Asset Management now owns 33,211,384 shares of the company’s stock worth $282,628,000 after buying an additional 865,037 shares during the period. 74.29% of the stock is owned by institutional investors.

About Regions Financial Corp.

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