Regions Financial Co. (NYSE:RF – Get Rating) was the recipient of a large growth in short interest in the month of April. As of April 30th, there was short interest totalling 22,150,000 shares, a growth of 26.4% from the April 15th total of 17,520,000 shares. Based on an average daily trading volume, of 10,040,000 shares, the days-to-cover ratio is presently 2.2 days. Currently, 2.4% of the shares of the company are short sold.
RF opened at $19.93 on Thursday. The stock has a market cap of $18.62 billion, a price-to-earnings ratio of 8.30, a price-to-earnings-growth ratio of 0.55 and a beta of 1.26. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.82 and a current ratio of 0.83. The firm’s fifty day moving average is $21.57 and its 200 day moving average is $22.75. Regions Financial has a fifty-two week low of $18.02 and a fifty-two week high of $25.57.
Regions Financial (NYSE:RF – Get Rating) last released its earnings results on Friday, April 22nd. The bank reported $0.55 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.47 by $0.08. Regions Financial had a return on equity of 14.96% and a net margin of 36.85%. The firm had revenue of $1.60 billion during the quarter, compared to analysts’ expectations of $1.62 billion. During the same quarter last year, the business posted $0.63 earnings per share. The firm’s revenue was down .3% on a year-over-year basis. On average, equities research analysts predict that Regions Financial will post 2.22 earnings per share for the current year.
Several research analysts have issued reports on RF shares. Wells Fargo & Company raised Regions Financial from an “equal weight” rating to an “overweight” rating and raised their target price for the stock from $24.00 to $26.00 in a research report on Monday, April 11th. Citigroup reissued a “buy” rating on shares of Regions Financial in a report on Thursday, March 24th. StockNews.com initiated coverage on shares of Regions Financial in a report on Thursday, March 31st. They set a “hold” rating for the company. Wolfe Research cut shares of Regions Financial from an “outperform” rating to a “peer perform” rating and dropped their price target for the stock from $29.00 to $24.00 in a research note on Thursday, April 7th. Finally, Morgan Stanley cut their price objective on shares of Regions Financial from $31.00 to $30.00 and set an “overweight” rating for the company in a research report on Monday, March 28th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and seven have issued a buy rating to the stock. According to MarketBeat.com, Regions Financial currently has an average rating of “Hold” and an average target price of $26.27.
Several large investors have recently modified their holdings of the stock. Mystic Asset Management Inc. bought a new position in shares of Regions Financial during the 4th quarter valued at approximately $25,000. Delos Wealth Advisors LLC bought a new position in Regions Financial during the fourth quarter valued at $27,000. DeDora Capital Inc. purchased a new position in shares of Regions Financial in the 1st quarter worth $27,000. Riverview Trust Co purchased a new position in shares of Regions Financial in the 1st quarter worth $27,000. Finally, Tcwp LLC bought a new stake in shares of Regions Financial in the 1st quarter worth about $28,000. Hedge funds and other institutional investors own 74.90% of the company’s stock.
Regions Financial Company Profile (Get Rating)
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.
- Get a free copy of the StockNews.com research report on Regions Financial (RF)
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