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

Regions Financial (NYSE:RF)‘s stock had its “overweight” rating restated by research analysts at Cantor Fitzgerald in a research report issued on Wednesday, Marketbeat reports. They currently have a $32.00 price target on the bank’s stock. Cantor Fitzgerald‘s target price points to a potential upside of 14.07% from the stock’s current price.

Several other analysts have also recently weighed in on RF. Citigroup raised their target price on shares of Regions Financial from $32.00 to $36.00 and gave the company a “buy” rating in a report on Monday, July 20th. Jefferies Financial Group reaffirmed a “hold” rating and issued a $32.00 target price on shares of Regions Financial in a report on Friday, July 17th. Robert W. Baird raised shares of 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. TD Cowen assumed coverage on shares of Regions Financial in a report on Thursday, October 8th. They issued a “hold” rating and a $30.00 target price on the stock. Finally, Royal Bank Of Canada lowered their price target on Regions Financial from $34.00 to $32.00 and set an “outperform” rating for the company in a report on Monday. Seven analysts have rated the stock with a Buy rating, ten have issued a Hold rating and three have assigned a Sell rating to the company. According to MarketBeat, Regions Financial has a consensus rating of “Hold” and a consensus price target of $31.13.

Regions Financial Stock Up 0.7%

NYSE:RF traded up $0.20 during mid-day trading on Wednesday, hitting $28.05. The stock had a trading volume of 10,435,021 shares, compared to its average volume of 11,636,596. The stock has a 50-day simple moving average of $28.97 and a two-hundred day simple moving average of $29.02. The company has a market capitalization of $23.90 billion, a PE ratio of 11.00, a PEG ratio of 1.11 and a beta of 1.05. Regions Financial has a twelve month low of $23.59 and a twelve month high of $32.47. The company has a current ratio of 0.82, a quick ratio of 0.81 and a debt-to-equity ratio of 0.36.

Regions Financial (NYSE:RF) last issued its earnings results on Friday, October 16th. The bank reported $0.73 earnings per share for the quarter, beating the consensus estimate of $0.67 by $0.06. The firm had revenue of $1.99 billion for the quarter, compared to analysts’ expectations of $1.99 billion. Regions Financial had a net margin of 23.97% and a return on equity of 13.43%. The firm’s revenue was up 3.0% compared to the same quarter last year. During the same quarter last year, the company earned $0.63 earnings per share. On average, equities research analysts anticipate that Regions Financial will post 2.66 EPS for the current year.

Institutional Trading of Regions Financial

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in RF. Sumitomo Mitsui DS Asset Management Company Ltd boosted its position 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 in the last quarter. Investment Research Partners LLC raised its holdings in Regions Financial by 9.3% in the third quarter. Investment Research Partners LLC now owns 40,158 shares of the bank’s stock valued at $1,079,000 after buying an additional 3,408 shares during the period. First Bank & Trust raised its holdings in Regions Financial by 423.4% in the third quarter. First Bank & Trust now owns 67,686 shares of the bank’s stock valued at $1,819,000 after buying an additional 54,755 shares during the period. V Square Quantitative Management LLC raised its holdings in Regions Financial by 5.8% in the third quarter. V Square Quantitative Management LLC now owns 35,424 shares of the bank’s stock valued at $952,000 after buying an additional 1,947 shares during the period. Finally, Eastern Bank raised its holdings in Regions Financial by 30.7% in the third quarter. Eastern Bank now owns 3,839 shares of the bank’s stock valued at $103,000 after buying an additional 901 shares during the period. Institutional investors and hedge funds own 79.39% of the company’s stock.

About Regions Financial

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.