Today: Regions Financial Corp. (RF) Receives Hold Rating from Jefferies Group

Today: Regions Financial Corp. (RF) Receives Hold Rating from Jefferies Group

Regions Financial Corp. (NYSE:RF)‘s stock had its “hold” rating reissued by analysts at Jefferies Group in a report issued on Monday.

A number of other research analysts have also recently commented on the stock. Piper Jaffray Cos. cut shares of Regions Financial Corp. from an “overweight” rating to a “neutral” rating in a research note on Wednesday, November 16th. FBR & Co upgraded shares of Regions Financial Corp. from a “market perform” rating to an “outperform” rating and raised their price target for the stock from $10.50 to $15.00 in a research note on Monday, November 14th. Sandler O’Neill cut shares of Regions Financial Corp. from a “buy” rating to a “hold” rating and set a $11.50 price target for the company. in a research note on Tuesday, November 8th. Barclays PLC reiterated a “sell” rating and issued a $10.00 target price on shares of Regions Financial Corp. in a research note on Tuesday, October 11th. Finally, Wedbush assumed coverage on shares of Regions Financial Corp. in a research note on Thursday, October 6th. They issued an “outperform” rating and a $12.00 target price for the company. They noted that the move was a valuation call. One analyst has rated the stock with a sell rating, sixteen have given a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average target price of $10.44.

Regions Financial Corp. (NYSE:RF) opened at 13.36 on Monday. Regions Financial Corp. has a 52 week low of $7.00 and a 52 week high of $13.54. The company has a market capitalization of $16.45 billion, a price-to-earnings ratio of 15.70 and a beta of 1.35. The firm’s 50-day moving average price is $11.34 and its 200-day moving average price is $9.86.

Regions Financial Corp. (NYSE:RF) last announced its quarterly earnings results on Tuesday, October 18th. The company reported $0.24 EPS for the quarter, topping analysts’ consensus estimates of $0.21 by $0.03. The firm earned $1.46 billion during the quarter, compared to analysts’ expectations of $1.38 billion. Regions Financial Corp. had a net margin of 19.43% and a return on equity of 7.03%. The company’s revenue for the quarter was up .8% compared to the same quarter last year. During the same quarter last year, the company earned $0.18 earnings per share. On average, equities analysts expect that Regions Financial Corp. will post $0.87 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 3rd. Investors of record on Friday, December 9th will be given a $0.065 dividend. 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 dividend payout ratio is currently 30.59%.

In other Regions Financial Corp. news, EVP Brett D. Couch sold 32,342 shares of the business’s stock in a transaction dated Thursday, October 20th. The shares were sold at an average price of $10.63, for a total transaction of $343,795.46. Following the sale, the executive vice president now directly owns 251,064 shares of the company’s stock, valued at approximately $2,668,810.32. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, EVP William D. Ritter sold 69,410 shares of the business’s stock in a transaction dated 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 directly owns 321,691 shares in the company, valued at $3,451,744.43. The disclosure for this sale can be found here. 0.88% of the stock is currently owned by corporate insiders.

A number of large investors have recently modified their holdings of RF. Dorsey & Whitney Trust CO LLC boosted its stake in shares of 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 during the period. MCF Advisors LLC raised its position in Regions Financial Corp. by 0.6% in the second quarter. MCF Advisors LLC now owns 14,243 shares of the company’s stock valued at $121,000 after buying an additional 85 shares in the last quarter. Pitcairn Co. raised its position in Regions Financial Corp. by 0.4% in the second quarter. Pitcairn Co. now owns 22,421 shares of the company’s stock valued at $191,000 after buying an additional 90 shares in the last quarter. Moors & Cabot Inc. raised its position in Regions Financial Corp. by 0.4% in the third quarter. Moors & Cabot Inc. now owns 44,839 shares of the company’s stock valued at $446,000 after buying an additional 180 shares in the last quarter. Finally, Lbmc Investment Advisors LLC raised its position in Regions Financial Corp. by 0.5% in the third quarter. Lbmc Investment Advisors LLC now owns 36,018 shares of the company’s stock valued at $356,000 after buying an additional 197 shares in the last quarter. 72.31% of the stock is currently owned by hedge funds and other institutional investors.

Regions Financial Corp. Company Profile

Related posts

Leave a Comment