Regions Financial (NYSE:RF) Upgraded to “Hold” at StockNews.com

StockNews.com upgraded shares of Regions Financial (NYSE:RF) from a sell rating to a hold rating in a research report report published on Friday morning.

A number of other equities analysts also recently issued reports on RF. Morgan Stanley increased their target price on Regions Financial from $25.00 to $28.00 and gave the stock an “overweight” rating in a research note on Tuesday, July 30th. Argus upgraded Regions Financial from a “hold” rating to a “buy” rating and set a $26.00 price objective for the company in a research report on Thursday. Truist Financial boosted their target price on shares of Regions Financial from $25.00 to $26.00 and gave the stock a “hold” rating in a research report on Monday, October 21st. Deutsche Bank Aktiengesellschaft upgraded shares of Regions Financial from a “hold” rating to a “buy” rating and increased their price target for the company from $24.00 to $26.00 in a report on Thursday. Finally, Evercore ISI boosted their price objective on shares of Regions Financial from $24.50 to $26.00 and gave the stock an “in-line” rating in a report on Wednesday, October 2nd. One analyst has rated the stock with a sell rating, ten have assigned a hold rating and nine have issued a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $24.35.

Regions Financial Stock Performance

NYSE:RF opened at $23.50 on Friday. The company has a debt-to-equity ratio of 0.33, a current ratio of 0.83 and a quick ratio of 0.83. The firm has a market cap of $21.52 billion, a price-to-earnings ratio of 12.77, a price-to-earnings-growth ratio of 2.80 and a beta of 1.17. The firm’s fifty day moving average price is $22.91 and its 200 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.

Regions Financial (NYSE:RF) last issued its earnings results on Friday, October 18th. The bank reported $0.49 earnings per share for the quarter, missing the consensus estimate of $0.53 by ($0.04). The firm had revenue of $1.79 billion during the quarter, compared to analysts’ expectations of $1.80 billion. Regions Financial had a net margin of 18.91% and a return on equity of 12.64%. The firm’s revenue was down 3.7% on a year-over-year basis. During the same period in the previous year, the firm earned $0.49 EPS. On average, sell-side analysts expect that Regions Financial will post 2.02 EPS for the current year.

Regions Financial Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, January 2nd. Stockholders of record on Monday, December 2nd will be issued a $0.25 dividend. The ex-dividend date is Monday, December 2nd. This represents a $1.00 dividend on an annualized basis and a dividend yield of 4.26%. Regions Financial’s dividend payout ratio (DPR) is 54.35%.

Institutional Trading of Regions Financial

A number of large investors have recently made changes to their positions in the stock. Register Financial Advisors LLC purchased a new stake in Regions Financial in the 1st quarter worth approximately $46,000. Woodmont Investment Counsel LLC purchased a new stake in shares of Regions Financial in the first quarter valued at $200,000. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH acquired a new position in Regions Financial in the first quarter valued at $33,829,000. MV Capital Management Inc. increased its stake in Regions Financial by 75.6% in the first quarter. MV Capital Management Inc. now owns 1,435 shares of the bank’s stock valued at $30,000 after purchasing an additional 618 shares during the last quarter. Finally, Sumitomo Mitsui Trust Holdings Inc. lifted its holdings in shares of Regions Financial by 6.5% during the 1st quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 2,822,420 shares of the bank’s stock worth $59,384,000 after acquiring an additional 171,280 shares during the period. Institutional investors and hedge funds own 79.39% of the company’s stock.

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.