Regions Financial (NYSE:RF) Rating Increased to Hold at StockNews.com

StockNews.com upgraded shares of Regions Financial (NYSE:RF) from a sell rating to a hold rating in a research report sent to investors on Thursday morning.

RF has been the topic of a number of other reports. Keefe, Bruyette & Woods dropped their target price on shares of Regions Financial from $22.00 to $21.00 and set a market perform rating on the stock in a research note on Tuesday, July 9th. Bank of America raised their price objective on Regions Financial from $22.00 to $25.00 and gave the stock a neutral rating in a report on Monday, July 22nd. Jefferies Financial Group upped their target price on Regions Financial from $22.00 to $24.00 and gave the stock a buy rating in a report on Wednesday, July 3rd. Citigroup raised their price target on Regions Financial from $23.00 to $25.00 and gave the company a buy rating in a research note on Tuesday, July 23rd. Finally, Truist Financial upped their price objective on shares of Regions Financial from $21.00 to $23.00 and gave the stock a hold rating in a research note on Monday, July 22nd. One equities research analyst has rated the stock with a sell rating, thirteen have issued a hold rating and five have given a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of Hold and a consensus target price of $21.51.

Regions Financial Price Performance

RF opened at $21.93 on Thursday. The business has a fifty day moving average of $21.77 and a 200 day moving average of $20.24. The stock has a market cap of $20.08 billion, a P/E ratio of 11.92, a PEG ratio of 2.84 and a beta of 1.17. The company has a quick ratio of 0.83, a current ratio of 0.83 and a debt-to-equity ratio of 0.33. Regions Financial has a 52-week low of $13.72 and a 52-week high of $23.47.

Regions Financial (NYSE:RF) last issued its earnings results on Friday, July 19th. The bank reported $0.52 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.49 by $0.03. The firm had revenue of $1.73 billion during the quarter, compared to analyst estimates of $1.76 billion. Regions Financial had a net margin of 18.91% and a return on equity of 12.64%. The business’s revenue was down 11.5% on a year-over-year basis. During the same period in the previous year, the firm earned $0.59 earnings per share. As a group, sell-side analysts anticipate that Regions Financial will post 2 EPS for the current year.

Regions Financial Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, October 1st. Shareholders of record on Tuesday, September 3rd will be paid a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 4.56%. This is an increase from Regions Financial’s previous quarterly dividend of $0.24. The ex-dividend date is Tuesday, September 3rd. Regions Financial’s dividend payout ratio (DPR) is 54.35%.

Hedge Funds Weigh In On Regions Financial

Several institutional investors and hedge funds have recently bought and sold shares of the company. Private Advisor Group LLC grew its stake in shares of Regions Financial by 7.7% during the fourth quarter. Private Advisor Group LLC now owns 40,089 shares of the bank’s stock worth $777,000 after acquiring an additional 2,864 shares during the last quarter. Principal Securities Inc. purchased a new stake in Regions Financial during the 4th quarter worth approximately $92,000. Ieq Capital LLC increased its stake in Regions Financial by 17.5% during the 4th quarter. Ieq Capital LLC now owns 31,162 shares of the bank’s stock valued at $604,000 after purchasing an additional 4,647 shares in the last quarter. Vanguard Personalized Indexing Management LLC increased its stake in Regions Financial by 10.4% during the 4th quarter. Vanguard Personalized Indexing Management LLC now owns 104,849 shares of the bank’s stock valued at $2,032,000 after purchasing an additional 9,841 shares in the last quarter. Finally, Janney Montgomery Scott LLC purchased a new position in shares of Regions Financial in the fourth quarter worth $2,047,000. 79.39% of the stock is owned by hedge funds and other institutional investors.

Regions Financial Company Profile

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.