Regions Financial (NYSE:RF) Stock Rating Reaffirmed by Raymond James

Raymond James reissued their maintains rating on shares of Regions Financial (NYSE:RF – Get Rating) in a research note issued to investors on Monday, Benzinga reports.

Several other research firms have also recently weighed in on RF. Wolfe Research reduced their price objective on Regions Financial from $24.00 to $20.00 and set a peer perform rating for the company in a research report on Thursday, May 26th. Jefferies Financial Group reduced their price objective on Regions Financial from $24.00 to $22.00 in a research report on Monday, July 11th. Citigroup cut Regions Financial from a buy rating to a neutral rating and reduced their price objective for the company from $25.00 to $20.00 in a research report on Tuesday, July 12th. Morgan Stanley increased their price objective on Regions Financial from $26.00 to $28.00 and gave the company an overweight rating in a research report on Monday. Finally, Wedbush upped their target price on Regions Financial to $24.00 in a research note on Monday. Seven analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of Moderate Buy and a consensus target price of $24.71.

Regions Financial Trading Down 1.2 %

NYSE:RF opened at $20.92 on Monday. The company has a market capitalization of $19.55 billion, a P/E ratio of 9.42, a P/E/G ratio of 0.31 and a beta of 1.28. The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.82 and a current ratio of 0.82. The stock’s 50 day moving average price is $20.03 and its 200 day moving average price is $21.67. Regions Financial has a 52 week low of $18.01 and a 52 week high of $25.57.

Regions Financial (NYSE:RF – Get Rating) last announced its earnings results on Friday, July 22nd. The bank reported $0.59 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.53 by $0.06. The firm had revenue of $1.75 billion during the quarter, compared to analysts’ expectations of $1.69 billion. Regions Financial had a return on equity of 14.07% and a net margin of 32.85%. During the same quarter in the prior year, the business earned $0.77 earnings per share. On average, research analysts forecast that Regions Financial will post 2.27 EPS for the current fiscal year.

Regions Financial Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, October 3rd. Shareholders of record on Friday, September 2nd will be paid a dividend of $0.20 per share. This is a positive change from Regions Financial’s previous quarterly dividend of $0.17. This represents a $0.80 annualized dividend and a yield of 3.82%. The ex-dividend date is Thursday, September 1st. Regions Financial’s dividend payout ratio is currently 30.63%.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the stock. CWM LLC raised its stake in Regions Financial by 21.7% during the second quarter. CWM LLC now owns 21,997 shares of the bank’s stock worth $412,000 after acquiring an additional 3,918 shares in the last quarter. Hedeker Wealth LLC acquired a new stake in shares of Regions Financial in the second quarter valued at $257,000. Silver Lake Advisory LLC increased its stake in shares of Regions Financial by 1.0% in the second quarter. Silver Lake Advisory LLC now owns 183,760 shares of the bank’s stock valued at $3,445,000 after buying an additional 1,823 shares in the last quarter. Bailard Inc. increased its stake in shares of Regions Financial by 61.1% in the second quarter. Bailard Inc. now owns 19,127 shares of the bank’s stock valued at $359,000 after buying an additional 7,255 shares in the last quarter. Finally, Alphastar Capital Management LLC acquired a new stake in shares of Regions Financial in the second quarter valued at $337,000. 74.90% of the stock is currently owned by institutional investors and hedge funds.

Regions Financial Company Profile

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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.