Regions Financial (RF) Earns Neutral Rating from Analysts at Credit Suisse Group

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Credit Suisse Group began coverage on shares of Regions Financial (NYSE:RF) in a report released on Monday, MarketBeat Ratings reports. The firm issued a neutral rating and a $17.00 price target on the bank’s stock.

Several other research firms have also recently commented on RF. Raymond James upgraded shares of Regions Financial from an outperform rating to a strong-buy rating in a research note on Wednesday, October 31st. They noted that the move was a valuation call. Wedbush lowered shares of Regions Financial from an outperform rating to a neutral rating and set a $17.00 price target on the stock. in a research report on Monday, February 4th. They noted that the move was a valuation call. JPMorgan Chase & Co. raised shares of Regions Financial from a neutral rating to an overweight rating in a report on Monday, November 26th. Barclays dropped their target price on shares of Regions Financial from $20.00 to $17.00 and set an underweight rating on the stock in a report on Wednesday, January 2nd. Finally, B. Riley set a $20.00 price target on Regions Financial and gave the stock a hold rating in a research note on Monday, October 15th. Three analysts have rated the stock with a sell rating, five have given a hold rating, five have given a buy rating and one has assigned a strong buy rating to the stock. The company has an average rating of Hold and a consensus price target of $17.41.

NYSE RF opened at $15.59 on Monday. The company has a debt-to-equity ratio of 0.87, a quick ratio of 0.90 and a current ratio of 0.90. Regions Financial has a 1 year low of $12.39 and a 1 year high of $20.21. The firm has a market capitalization of $16.08 billion, a P/E ratio of 11.46, a PEG ratio of 0.83 and a beta of 1.48.

Regions Financial (NYSE:RF) last issued its quarterly earnings results on Friday, January 18th. The bank reported $0.37 earnings per share for the quarter, missing the consensus estimate of $0.38 by ($0.01). The business had revenue of $1.44 billion for the quarter, compared to the consensus estimate of $1.49 billion. Regions Financial had a return on equity of 10.84% and a net margin of 27.23%. Regions Financial’s revenue was up 1.6% compared to the same quarter last year. During the same period in the prior year, the business earned $0.36 earnings per share. On average, analysts expect that Regions Financial will post 1.58 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Monday, April 1st. Shareholders of record on Friday, March 8th will be given a $0.14 dividend. The ex-dividend date of this dividend is Thursday, March 7th. This represents a $0.56 dividend on an annualized basis and a yield of 3.59%. Regions Financial’s dividend payout ratio (DPR) is presently 41.18%.

A number of institutional investors have recently made changes to their positions in RF. First Bank & Trust grew its position in Regions Financial by 11.0% during the 4th quarter. First Bank & Trust now owns 6,816 shares of the bank’s stock worth $91,000 after purchasing an additional 676 shares in the last quarter. BB&T Securities LLC raised its position in Regions Financial by 0.8% in the fourth quarter. BB&T Securities LLC now owns 91,227 shares of the bank’s stock valued at $1,220,000 after purchasing an additional 767 shares during the period. MAI Capital Management grew its holdings in Regions Financial by 5.0% during the 4th quarter. MAI Capital Management now owns 19,920 shares of the bank’s stock valued at $267,000 after buying an additional 950 shares during the last quarter. CWM LLC raised its holdings in Regions Financial by 7.7% during the fourth quarter. CWM LLC now owns 13,942 shares of the bank’s stock worth $187,000 after purchasing an additional 996 shares in the last quarter. Finally, Valeo Financial Advisors LLC grew its stake in Regions Financial by 9.2% during the fourth quarter. Valeo Financial Advisors LLC now owns 11,919 shares of the bank’s stock worth $159,000 after buying an additional 1,000 shares during the last quarter. 76.42% of the stock is owned by institutional investors and hedge funds.

About Regions Financial

Regions Financial Corporation, together with its subsidiaries, provides banking and bank-related services to individual and corporate customers in the United States. Its Corporate Bank segment offers commercial banking services, such as commercial and industrial, commercial real estate, and investor real estate lending, as well as equipment lease financing services and corresponding deposits.

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Analyst Recommendations for Regions Financial (NYSE:RF)

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