Regions Financial (NYSE:RF) Raised to Outperform at Keefe, Bruyette & Woods

Regions Financial (NYSE:RF) was upgraded by equities research analysts at Keefe, Bruyette & Woods from a “market perform” rating to an “outperform” rating in a research report issued to clients and investors on Thursday, Marketbeat Ratings reports. The firm currently has a $28.00 target price on the bank’s stock, up from their previous target price of $27.00. Keefe, Bruyette & Woods’ price target points to a potential upside of 18.85% from the stock’s previous close.

Other analysts also recently issued reports about the stock. DA Davidson increased their price target on shares of Regions Financial from $27.00 to $29.00 and gave the stock a “buy” rating in a report on Monday, October 21st. Barclays increased their target price on shares of Regions Financial from $22.00 to $25.00 and gave the stock an “underweight” rating in a research note on Monday, October 21st. Citigroup lifted their price target on Regions Financial from $25.00 to $26.00 and gave the company a “buy” rating in a research note on Thursday, September 19th. Stephens raised Regions Financial from an “equal weight” rating to an “overweight” rating and set a $26.00 price target for the company in a report on Tuesday. Finally, The Goldman Sachs Group raised their price objective on Regions Financial from $25.00 to $28.00 and gave the company a “buy” rating in a report on Monday, October 7th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and eleven have given a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $25.45.

Regions Financial Stock Performance

NYSE RF opened at $23.56 on Thursday. Regions Financial has a fifty-two week low of $14.60 and a fifty-two week high of $24.47. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.83 and a current ratio of 0.84. The firm has a market capitalization of $21.56 billion, a P/E ratio of 13.31, a PEG ratio of 2.52 and a beta of 1.17. The stock has a 50-day simple moving average of $23.09 and a two-hundred day simple moving average of $21.14.

Regions Financial (NYSE:RF) last announced its quarterly 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 net margin of 18.78% and a return on equity of 12.60%. The company had revenue of $1.79 billion for the quarter, compared to analysts’ expectations of $1.80 billion. During the same quarter in the prior year, the business posted $0.49 earnings per share. The firm’s revenue was down 3.7% compared to the same quarter last year. On average, equities analysts forecast that Regions Financial will post 2.1 earnings per share for the current year.

Institutional Trading of Regions Financial

A number of hedge funds have recently bought and sold shares of the business. Private Advisor Group LLC boosted its stake in Regions Financial by 1.8% during the third quarter. Private Advisor Group LLC now owns 24,928 shares of the bank’s stock worth $581,000 after buying an additional 429 shares during the last quarter. CWM LLC boosted its position in shares of Regions Financial by 1.1% during the 3rd quarter. CWM LLC now owns 42,346 shares of the bank’s stock valued at $988,000 after acquiring an additional 480 shares during the last quarter. Resonant Capital Advisors LLC grew its holdings in shares of Regions Financial by 2.4% in the third quarter. Resonant Capital Advisors LLC now owns 21,845 shares of the bank’s stock valued at $515,000 after purchasing an additional 506 shares during the period. Sequoia Financial Advisors LLC increased its position in Regions Financial by 2.8% during the third quarter. Sequoia Financial Advisors LLC now owns 20,267 shares of the bank’s stock worth $473,000 after purchasing an additional 545 shares during the last quarter. Finally, IFG Advisory LLC increased its position in Regions Financial by 1.8% during the second quarter. IFG Advisory LLC now owns 30,928 shares of the bank’s stock worth $620,000 after purchasing an additional 546 shares during the last quarter. Institutional investors and hedge funds own 79.39% of the company’s stock.

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.