Regions Financial’s (RF) Overweight Rating Reaffirmed at Cantor Fitzgerald

Regions Financial (NYSE:RF)‘s stock had its “overweight” rating restated by equities research analysts at Cantor Fitzgerald in a research report issued on Wednesday, Marketbeat Ratings reports. They presently have a $32.00 target price on the bank’s stock. Cantor Fitzgerald‘s price target suggests a potential upside of 14.01% from the company’s current price.

Several other equities research analysts also recently issued reports on RF. UBS Group reduced their price objective on Regions Financial from $33.00 to $30.00 and set a “neutral” rating for the company in a research note on Monday, October 5th. Robert W. Baird upgraded Regions Financial from an “underperform” rating to a “neutral” rating and set a $28.00 target price on the stock in a report on Friday, September 18th. Morgan Stanley dropped their target price on Regions Financial from $36.00 to $35.00 and set an “equal weight” rating on the stock in a report on Monday, September 28th. Evercore restated an “underperform” rating and set a $31.00 price target on shares of Regions Financial in a report on Monday, July 6th. Finally, Jefferies Financial Group reaffirmed a “hold” rating and set a $32.00 price objective on shares of Regions Financial in a research report on Friday, July 17th. Seven investment analysts have rated the stock with a Buy rating, ten have issued a Hold rating and three have issued a Sell rating to the company’s stock. According to data from MarketBeat, Regions Financial currently has an average rating of “Hold” and a consensus price target of $31.33.

Regions Financial Trading Up 0.8%

Shares of NYSE:RF traded up $0.22 during midday trading on Wednesday, reaching $28.07. The company had a trading volume of 4,142,846 shares, compared to its average volume of 11,602,329. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.81 and a current ratio of 0.82. Regions Financial has a 1-year low of $23.59 and a 1-year high of $32.47. The firm has a market cap of $23.91 billion, a price-to-earnings ratio of 11.00, a price-to-earnings-growth ratio of 1.11 and a beta of 1.05. The company has a fifty day simple moving average of $28.97 and a two-hundred day simple moving average of $29.02.

Regions Financial (NYSE:RF) last released its quarterly earnings results on Friday, October 16th. The bank reported $0.73 earnings per share for the quarter, beating analysts’ consensus estimates of $0.67 by $0.06. Regions Financial had a return on equity of 13.43% and a net margin of 23.97%. The business had revenue of $1.99 billion during the quarter, compared to analyst estimates of $1.99 billion. During the same quarter last year, the company posted $0.63 EPS. Regions Financial’s revenue for the quarter was up 3.0% on a year-over-year basis. Research analysts predict that Regions Financial will post 2.66 earnings per share for the current year.

Institutional Investors Weigh In On Regions Financial

Hedge funds and other institutional investors have recently made changes to their positions in the company. Sumitomo Mitsui DS Asset Management Company Ltd boosted its stake in shares of Regions Financial by 12.3% in the 3rd quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 119,028 shares of the bank’s stock worth $3,199,000 after buying an additional 13,064 shares during the last quarter. Investment Research Partners LLC boosted its stake in shares of Regions Financial by 9.3% in the 3rd quarter. Investment Research Partners LLC now owns 40,158 shares of the bank’s stock worth $1,079,000 after buying an additional 3,408 shares during the last quarter. First Bank & Trust boosted its stake in shares of Regions Financial by 423.4% in the 3rd quarter. First Bank & Trust now owns 67,686 shares of the bank’s stock worth $1,819,000 after buying an additional 54,755 shares during the last quarter. V Square Quantitative Management LLC boosted its stake in shares of Regions Financial by 5.8% in the 3rd quarter. V Square Quantitative Management LLC now owns 35,424 shares of the bank’s stock worth $952,000 after buying an additional 1,947 shares during the last quarter. Finally, Eastern Bank boosted its stake in shares of Regions Financial by 30.7% in the 3rd quarter. Eastern Bank now owns 3,839 shares of the bank’s stock worth $103,000 after buying an additional 901 shares during the last quarter. 79.39% of the stock is owned by hedge funds and other institutional investors.

Regions Financial Company Profile

Regions Financial Corporation (NYSE: RF) is a financial services company headquartered in Birmingham, Alabama. Through its principal subsidiary, Regions Bank, the company provides banking and related financial services to consumers, businesses, institutions and governments.

Regions Bank offers checking and savings accounts, consumer and commercial loans, credit products, mortgages, treasury and cash-management services, investment and wealth-management solutions, and insurance-related services.