Regions Financial Co. (NYSE:RF) Given Consensus Recommendation of “Hold” by Brokerages

Regions Financial Co. (NYSE:RF) has been assigned a consensus rating of “Hold” from the eighteen ratings firms that are presently covering the company, MarketBeat reports. One research analyst has rated the stock with a sell recommendation, eight have given a hold recommendation and nine have given a buy recommendation to the company. The average 12-month price target among brokerages that have issued ratings on the stock in the last year is $24.78.

RF has been the topic of several research analyst reports. DA Davidson increased their price objective on shares of Regions Financial from $27.00 to $29.00 and gave the company a “buy” rating in a research report on Monday, October 21st. Argus raised shares of Regions Financial from a “hold” rating to a “buy” rating and set a $26.00 price objective on the stock in a research report on Thursday. The Goldman Sachs Group increased their price objective on shares of Regions Financial from $25.00 to $28.00 and gave the company a “buy” rating in a research report on Monday, October 7th. Wells Fargo & Company increased their price objective on shares of Regions Financial from $22.00 to $24.00 and gave the company an “equal weight” rating in a research report on Monday, October 21st. Finally, Wedbush increased their price objective on shares of Regions Financial from $28.00 to $30.00 and gave the company an “outperform” rating in a research report on Monday, October 21st.

Institutional Investors Weigh In On Regions Financial

Large investors have recently bought and sold shares of the company. Dimensional Fund Advisors LP boosted its stake in shares of Regions Financial by 7.4% in the 2nd quarter. Dimensional Fund Advisors LP now owns 14,252,693 shares of the bank’s stock valued at $285,562,000 after purchasing an additional 979,597 shares in the last quarter. Allspring Global Investments Holdings LLC boosted its stake in shares of Regions Financial by 13.3% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 8,625,734 shares of the bank’s stock valued at $201,238,000 after purchasing an additional 1,014,706 shares in the last quarter. Cincinnati Insurance Co. acquired a new stake in shares of Regions Financial in the 1st quarter valued at approximately $74,606,000. Victory Capital Management Inc. boosted its stake in shares of Regions Financial by 17.1% in the 2nd quarter. Victory Capital Management Inc. now owns 2,965,126 shares of the bank’s stock valued at $59,421,000 after purchasing an additional 433,319 shares in the last quarter. Finally, Sumitomo Mitsui Trust Holdings Inc. boosted its stake in shares of Regions Financial by 6.5% in the 1st quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 2,822,420 shares of the bank’s stock valued at $59,384,000 after purchasing an additional 171,280 shares in the last quarter. 79.39% of the stock is currently owned by institutional investors and hedge funds.

Regions Financial Stock Performance

NYSE RF opened at $23.50 on Friday. The company has a current ratio of 0.84, a quick ratio of 0.83 and a debt-to-equity ratio of 0.35. The firm’s fifty day moving average price is $22.91 and its two-hundred day moving average price is $21.00. Regions Financial has a 1 year low of $13.95 and a 1 year high of $24.47. The firm has a market capitalization of $21.51 billion, a P/E ratio of 13.28, a price-to-earnings-growth ratio of 2.54 and a beta of 1.17.

Regions Financial (NYSE:RF) last posted its quarterly earnings results on Friday, October 18th. The bank reported $0.49 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.53 by ($0.04). Regions Financial had a return on equity of 12.60% and a net margin of 18.78%. The firm had revenue of $1.79 billion for the quarter, compared to the consensus estimate of $1.80 billion. During the same period last year, the company posted $0.49 earnings per share. The business’s revenue was down 3.7% compared to the same quarter last year. As a group, research analysts anticipate that Regions Financial will post 2.05 EPS for the current year.

Regions Financial Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, January 2nd. Shareholders of record on Monday, December 2nd will be paid a dividend of $0.25 per share. The ex-dividend date of this dividend is Monday, December 2nd. This represents a $1.00 dividend on an annualized basis and a yield of 4.26%. Regions Financial’s payout ratio is 56.50%.

About Regions Financial

Regions Financial Corporation, a financial holding company, provides banking and bank-related services to individual and corporate customers. 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; deposit products; and securities underwriting and placement, loan syndication and placement, foreign exchange, derivatives, merger and acquisition, and other advisory services.