Regions Financial Corp (NYSE:RF) has earned an average rating of “Hold” from the twenty-six ratings firms that are presently covering the firm, MarketBeat Ratings reports. Three analysts have rated the stock with a sell recommendation, sixteen have given a hold recommendation, five have given a buy recommendation and two have issued a strong buy recommendation on the company. The average 1 year price target among brokers that have covered the stock in the last year is $17.25.
Several analysts recently weighed in on RF shares. Barclays raised their price objective on Regions Financial from $15.00 to $19.00 and gave the company an “underweight” rating in a research note on Tuesday, January 2nd. Robert W. Baird reaffirmed a “sell” rating and issued a $17.00 price objective on shares of Regions Financial in a research note on Wednesday, January 3rd. Wedbush raised Regions Financial from a “neutral” rating to an “outperform” rating and set a $20.00 price objective on the stock in a research note on Thursday, December 21st. Goldman Sachs Group raised Regions Financial from a “buy” rating to a “conviction-buy” rating in a research note on Thursday, November 16th. Finally, Royal Bank of Canada reaffirmed a “hold” rating and issued a $18.00 price objective on shares of Regions Financial in a research note on Sunday, January 21st.
In other news, EVP Scott M. Peters sold 25,627 shares of the firm’s stock in a transaction dated Wednesday, January 24th. The stock was sold at an average price of $19.50, for a total transaction of $499,726.50. Following the completion of the transaction, the executive vice president now directly owns 240,796 shares in the company, valued at $4,695,522. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Ronald G. Smith sold 92,301 shares of the firm’s stock in a transaction dated Friday, February 23rd. The stock was sold at an average price of $19.32, for a total value of $1,783,255.32. The disclosure for this sale can be found here. 0.52% of the stock is owned by company insiders.
Regions Financial (RF) traded down $0.02 during trading hours on Thursday, reaching $19.76. The company had a trading volume of 7,466,526 shares, compared to its average volume of 11,660,000. The firm has a market capitalization of $22,920.00, a price-to-earnings ratio of 20.80, a PEG ratio of 1.48 and a beta of 1.26. The company has a quick ratio of 0.86, a current ratio of 0.86 and a debt-to-equity ratio of 0.53. Regions Financial has a fifty-two week low of $13.00 and a fifty-two week high of $20.10.
Regions Financial (NYSE:RF) last released its quarterly earnings data on Friday, January 19th. The bank reported $0.27 earnings per share for the quarter, beating the consensus estimate of $0.26 by $0.01. The business had revenue of $1.48 billion for the quarter, compared to analyst estimates of $1.45 billion. Regions Financial had a return on equity of 7.87% and a net margin of 20.48%. Regions Financial’s revenue was up 5.9% compared to the same quarter last year. During the same period last year, the firm posted $0.23 earnings per share. sell-side analysts anticipate that Regions Financial will post 1.34 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, April 2nd. Stockholders of record on Friday, March 9th will be given a dividend of $0.09 per share. The ex-dividend date of this dividend is Thursday, March 8th. This represents a $0.36 dividend on an annualized basis and a dividend yield of 1.82%. Regions Financial’s dividend payout ratio (DPR) is 37.89%.
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Regions Financial Company Profile
Regions Financial Corporation is a financial holding company. The Company conducts its banking operations through Regions Bank, an Alabama state-chartered commercial bank, which is a member of the Federal Reserve System. It operates in three segments: Corporate Bank, which represents its commercial banking functions, including commercial and industrial, commercial real estate and investor real estate lending; Consumer Bank, which represents its branch network, including consumer banking products and services related to residential first mortgages, home equity lines and loans, small business loans, indirect loans, consumer credit cards and other consumer loans, as well as the corresponding deposit relationships, and Wealth Management, which offers individuals, businesses, governmental institutions and non-profit entities a range of solutions to enable transfer of wealth.
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