Regions Financial Corporation (RF) Earns “Hold” Rating from FBR & Co – TrueBlueTribune


FBR & Co reaffirmed their hold rating on shares of Regions Financial Corporation (NYSE:RF) in a report released on Wednesday. The firm currently has a $16.00 target price on the bank’s stock. FBR & Co also issued estimates for Regions Financial Corporation’s Q1 2018 earnings at $0.26 EPS, Q2 2018 earnings at $0.27 EPS, Q3 2018 earnings at $0.29 EPS, Q4 2018 earnings at $0.29 EPS, FY2018 earnings at $1.11 EPS, Q1 2019 earnings at $0.28 EPS, Q2 2019 earnings at $0.31 EPS, Q3 2019 earnings at $0.32 EPS and FY2019 earnings at $1.24 EPS.

Several other brokerages have also weighed in on RF. BidaskClub lowered shares of Regions Financial Corporation from a hold rating to a sell rating in a research report on Tuesday, July 25th. Vining Sparks upgraded shares of Regions Financial Corporation from an outperform rating to a strong-buy rating in a research report on Wednesday, July 26th. Robert W. Baird lowered shares of Regions Financial Corporation from a neutral rating to an underperform rating and set a $13.00 target price on the stock. in a research report on Monday, October 2nd. Keefe, Bruyette & Woods reiterated a hold rating and set a $15.50 target price on shares of Regions Financial Corporation in a research report on Friday, September 15th. Finally, Piper Jaffray Companies reiterated a hold rating and set a $14.50 target price on shares of Regions Financial Corporation in a research report on Thursday, August 17th. Four analysts have rated the stock with a sell rating, seventeen have issued a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock has a consensus rating of Hold and an average price target of $15.10.

Regions Financial Corporation (RF) traded down 0.57% during midday trading on Wednesday, reaching $15.72. 11,897,783 shares of the company traded hands. Regions Financial Corporation has a 12 month low of $10.32 and a 12 month high of $16.03. The firm’s 50 day moving average price is $14.75 and its 200 day moving average price is $14.35. The firm has a market capitalization of $18.79 billion, a price-to-earnings ratio of 16.43 and a beta of 1.34.

Regions Financial Corporation (NYSE:RF) last issued its earnings results on Tuesday, October 24th. The bank reported $0.25 earnings per share for the quarter, meeting the consensus estimate of $0.25. Regions Financial Corporation had a net margin of 20.14% and a return on equity of 7.56%. The business had revenue of $1.44 billion for the quarter, compared to analyst estimates of $1.45 billion. During the same period in the previous year, the business earned $0.24 EPS. The firm’s revenue was down 1.3% on a year-over-year basis. On average, analysts expect that Regions Financial Corporation will post $1.00 earnings per share for the current year.

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The firm also recently declared a quarterly dividend, which will be paid on Tuesday, January 2nd. Investors of record on Friday, December 8th will be paid a dividend of $0.09 per share. This represents a $0.36 dividend on an annualized basis and a dividend yield of 2.29%. The ex-dividend date is Thursday, December 7th. Regions Financial Corporation’s dividend payout ratio (DPR) is 37.50%.

In related news, Director Susan W. Matlock sold 10,000 shares of the business’s stock in a transaction that occurred on Friday, August 4th. The shares were sold at an average price of $15.23, for a total transaction of $152,300.00. Following the completion of the sale, the director now directly owns 32,188 shares of the company’s stock, valued at $490,223.24. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CFO David J. Turner, Jr. sold 65,000 shares of the business’s stock in a transaction that occurred on Monday, August 7th. The stock was sold at an average price of $14.95, for a total transaction of $971,750.00. Following the sale, the chief financial officer now directly owns 121,160 shares of the company’s stock, valued at $1,811,342. The disclosure for this sale can be found here. Over the last three months, insiders have sold 100,000 shares of company stock valued at $1,520,050. 0.52% of the stock is currently owned by insiders.

Institutional investors and hedge funds have recently bought and sold shares of the stock. OMERS ADMINISTRATION Corp bought a new stake in shares of Regions Financial Corporation during the second quarter worth approximately $1,259,000. Fjarde AP Fonden Fourth Swedish National Pension Fund raised its stake in shares of Regions Financial Corporation by 17.9% during the second quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 295,359 shares of the bank’s stock worth $4,324,000 after buying an additional 44,909 shares during the last quarter. State of Alaska Department of Revenue raised its stake in shares of Regions Financial Corporation by 45.6% during the second quarter. State of Alaska Department of Revenue now owns 77,823 shares of the bank’s stock worth $1,139,000 after buying an additional 24,390 shares during the last quarter. Koch Industries Inc. bought a new stake in shares of Regions Financial Corporation during the second quarter worth approximately $614,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank raised its stake in shares of Regions Financial Corporation by 35.6% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 432,686 shares of the bank’s stock worth $6,335,000 after buying an additional 113,610 shares during the last quarter. 75.68% of the stock is owned by institutional investors and hedge funds.

About Regions Financial Corporation

Regions Financial Corporation is a financial holding company. The Company conducts its banking operations through Regions Bank, an Alabama state-chartered commercial bank, which is a member of the Federal Reserve System. It operates in three segments: Corporate Bank, which represents its commercial banking functions, including commercial and industrial, commercial real estate and investor real estate lending; Consumer Bank, which represents its branch network, including consumer banking products and services related to residential first mortgages, home equity lines and loans, small business loans, indirect loans, consumer credit cards and other consumer loans, as well as the corresponding deposit relationships, and Wealth Management, which offers individuals, businesses, governmental institutions and non-profit entities a range of solutions to enable transfer of wealth.

Analyst Recommendations for Regions Financial Corporation (NYSE:RF)

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