Regions Financial (NYSE:RF) Upgraded to Buy by Deutsche Bank Aktiengesellschaft

Deutsche Bank Aktiengesellschaft upgraded shares of Regions Financial (NYSE:RF) from a hold rating to a buy rating in a research note issued to investors on Thursday, Marketbeat Ratings reports. Deutsche Bank Aktiengesellschaft currently has $26.00 target price on the bank’s stock, up from their previous target price of $24.00.

A number of other equities analysts have also recently issued reports on the stock. Morgan Stanley raised their target price on shares of Regions Financial from $25.00 to $28.00 and gave the stock an “overweight” rating in a report on Tuesday, July 30th. Keefe, Bruyette & Woods lowered 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. Wells Fargo & Company upped their price target on shares of Regions Financial from $22.00 to $24.00 and gave the stock an “equal weight” rating in a research note on Monday. Barclays upped their target price on Regions Financial from $22.00 to $25.00 and gave the stock an “underweight” rating in a research report on Monday. Finally, Wedbush upped their price objective on Regions Financial from $28.00 to $30.00 and gave the company an “outperform” rating in a report on Monday. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating and nine have given a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $24.35.

Regions Financial Price Performance

Shares of NYSE RF opened at $23.75 on Thursday. The company has a market capitalization of $21.75 billion, a price-to-earnings ratio of 12.91, a PEG ratio of 2.80 and a beta of 1.17. The business has a 50-day moving average of $22.87 and a 200-day moving average of $20.98. The company has a debt-to-equity ratio of 0.33, a current ratio of 0.83 and a quick ratio of 0.83. Regions Financial has a 1-year low of $13.72 and a 1-year high of $24.47.

Regions Financial (NYSE:RF) last released its earnings results on Friday, October 18th. The bank reported $0.49 earnings per share for the quarter, missing the consensus estimate of $0.53 by ($0.04). Regions Financial had a return on equity of 12.64% and a net margin of 18.91%. The company had revenue of $1.79 billion during the quarter, compared to the consensus estimate of $1.80 billion. During the same period in the previous year, the firm posted $0.49 EPS. Regions Financial’s revenue for the quarter was down 3.7% on a year-over-year basis. On average, equities analysts anticipate that Regions Financial will post 2.02 EPS for the current fiscal year.

Regions Financial Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, January 2nd. Stockholders of record on Monday, December 2nd will be paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 4.21%. The ex-dividend date of this dividend is Monday, December 2nd. Regions Financial’s dividend payout ratio (DPR) is presently 54.35%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. Signet Financial Management LLC grew its stake in shares of Regions Financial by 4.9% in the 1st quarter. Signet Financial Management LLC now owns 12,438 shares of the bank’s stock valued at $262,000 after buying an additional 584 shares in the last quarter. Register Financial Advisors LLC bought a new stake in Regions Financial in the first quarter worth approximately $46,000. Grimes & Company Inc. increased its stake in shares of Regions Financial by 65.2% during the 1st quarter. Grimes & Company Inc. now owns 1,009,593 shares of the bank’s stock worth $21,242,000 after purchasing an additional 398,597 shares during the last quarter. Woodmont Investment Counsel LLC bought a new position in shares of Regions Financial during the 1st quarter valued at $200,000. Finally, MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH acquired a new stake in shares of Regions Financial in the 1st quarter valued at $33,829,000. Hedge funds and other institutional investors own 79.39% of the company’s stock.

About Regions Financial

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.