Trade Report: Today: Regions Financial Corp. (RF) gets Hold status at Jefferies Group

Today: Regions Financial Corp. (RF) gets Hold status at Jefferies Group

Regions Financial Corp. (NYSE:RF) was downgraded by investment analysts at Jefferies Group from a “buy” rating to a “hold” rating in a research note issued to investors on Monday.

RF has been the topic of several other research reports. Raymond James Financial Inc. lowered shares of Regions Financial Corp. from a “strong-buy” rating to an “outperform” rating and set a $10.50 target price on the stock. in a report on Thursday, October 6th. Piper Jaffray Cos. restated an “overweight” rating and set a $11.50 target price (up previously from $11.00) on shares of Regions Financial Corp. in a report on Friday, October 21st. Keefe, Bruyette & Woods upgraded shares of Regions Financial Corp. from an “underperform” rating to a “market perform” rating and set a $10.50 target price on the stock in a report on Thursday, August 25th. FBR & Co upgraded shares of Regions Financial Corp. from a “market perform” rating to an “outperform” rating and lifted their target price for the company from $10.50 to $15.00 in a report on Monday, November 14th. Finally, Barclays PLC reiterated a “sell” rating and issued a $10.00 price objective on shares of Regions Financial Corp. in a report on Tuesday, October 11th. One investment analyst has rated the stock with a sell rating, sixteen have assigned a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average target price of $10.44.

Shares of Regions Financial Corp. (NYSE:RF) traded down 1.235% during trading on Monday, hitting $13.195. The company’s stock had a trading volume of 7,767,814 shares. Regions Financial Corp. has a 52 week low of $7.00 and a 52 week high of $13.54. The firm’s 50 day moving average price is $11.34 and its 200-day moving average price is $9.86. The company has a market cap of $16.24 billion, a PE ratio of 15.505 and a beta of 1.35.

Regions Financial Corp. (NYSE:RF) last posted its earnings results on Tuesday, October 18th. The company reported $0.24 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.21 by $0.03. The business had revenue of $1.46 billion for the quarter, compared to analyst estimates of $1.38 billion. Regions Financial Corp. had a net margin of 19.43% and a return on equity of 7.03%. The business’s quarterly revenue was up .8% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.18 EPS. On average, analysts predict that Regions Financial Corp. will post $0.87 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Tuesday, January 3rd. Investors of record on Friday, December 9th will be issued a dividend of $0.065 per share. The ex-dividend date is Wednesday, December 7th. This represents a $0.26 annualized dividend and a yield of 1.95%. Regions Financial Corp.’s payout ratio is 30.59%.

In related news, EVP William D. Ritter sold 69,410 shares of the business’s stock in a transaction that occurred on Wednesday, October 26th. The stock was sold at an average price of $10.73, for a total transaction of $744,769.30. Following the sale, the executive vice president now owns 321,691 shares of the company’s stock, valued at $3,451,744.43. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP Brett D. Couch sold 32,342 shares of the company’s stock in a transaction on Thursday, October 20th. The shares were sold at an average price of $10.63, for a total value of $343,795.46. Following the completion of the transaction, the executive vice president now directly owns 251,064 shares in the company, valued at approximately $2,668,810.32. The disclosure for this sale can be found here. Corporate insiders own 0.88% of the company’s stock.

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Virtus Investment Advisers Inc. bought a new position in Regions Financial Corp. during the third quarter valued at about $102,000. TradeLink Capital LLC bought a new position in Regions Financial Corp. during the third quarter valued at about $103,000. Meiji Yasuda Asset Management Co Ltd. boosted its position in Regions Financial Corp. by 6.2% in the second quarter. Meiji Yasuda Asset Management Co Ltd. now owns 12,215 shares of the company’s stock valued at $104,000 after buying an additional 710 shares in the last quarter. Paragon Capital Management Ltd boosted its position in Regions Financial Corp. by 7.9% in the third quarter. Paragon Capital Management Ltd now owns 10,827 shares of the company’s stock valued at $107,000 after buying an additional 796 shares in the last quarter. Finally, Dorsey & Whitney Trust CO LLC boosted its position in Regions Financial Corp. by 0.4% in the third quarter. Dorsey & Whitney Trust CO LLC now owns 10,847 shares of the company’s stock valued at $108,000 after buying an additional 48 shares in the last quarter. 72.31% of the stock is currently owned by institutional investors.

About Regions Financial Corp.

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