Weiss Ratings Reiterates “Buy (B-)” Rating for Regions Financial (NYSE:RF)

Regions Financial (NYSE:RF)‘s stock had its “buy (b-)” rating reiterated by investment analysts at Weiss Ratings in a note issued to investors on Wednesday,Weiss Ratings reports.

Other equities analysts also recently issued reports about the stock. Cantor Fitzgerald started coverage on shares of Regions Financial in a report on Wednesday, September 10th. They set an “overweight” rating and a $30.00 price objective for the company. Keefe, Bruyette & Woods raised their price objective on shares of Regions Financial from $29.00 to $30.00 and gave the stock an “outperform” rating in a report on Monday, July 21st. Wall Street Zen raised shares of Regions Financial from a “sell” rating to a “hold” rating in a report on Saturday, July 5th. Morgan Stanley set a $32.00 price objective on shares of Regions Financial in a report on Monday, September 29th. Finally, Citigroup raised their price objective on shares of Regions Financial from $30.00 to $32.00 and gave the stock a “buy” rating in a report on Tuesday, September 23rd. Thirteen analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $27.89.

Regions Financial Stock Performance

NYSE RF opened at $25.29 on Wednesday. The company has a debt-to-equity ratio of 0.30, a current ratio of 0.82 and a quick ratio of 0.82. The firm has a market capitalization of $22.57 billion, a price-to-earnings ratio of 11.76, a P/E/G ratio of 1.48 and a beta of 1.02. The company’s fifty day moving average is $26.31 and its two-hundred day moving average is $23.55. Regions Financial has a 52-week low of $17.74 and a 52-week high of $27.96.

Regions Financial (NYSE:RF) last posted its quarterly earnings results on Friday, July 18th. The bank reported $0.60 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.56 by $0.04. The company had revenue of $1.91 billion for the quarter, compared to analyst estimates of $1.86 billion. Regions Financial had a net margin of 21.81% and a return on equity of 13.08%. The business’s quarterly revenue was up 10.1% on a year-over-year basis. During the same period last year, the business posted $0.52 EPS. Equities research analysts forecast that Regions Financial will post 2.26 EPS for the current year.

Insider Activity

In related news, Director Roger W. Jenkins acquired 4,000 shares of the stock in a transaction on Wednesday, August 13th. The stock was purchased at an average price of $25.48 per share, for a total transaction of $101,920.00. Following the transaction, the director owned 6,383 shares of the company’s stock, valued at $162,638.84. The trade was a 167.86% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP David R. Keenan sold 30,000 shares of the firm’s stock in a transaction dated Wednesday, August 6th. The shares were sold at an average price of $25.01, for a total transaction of $750,300.00. Following the completion of the sale, the executive vice president owned 90,915 shares of the company’s stock, valued at $2,273,784.15. The trade was a 24.81% decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.29% of the company’s stock.

Institutional Investors Weigh In On Regions Financial

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. American National Bank & Trust increased its position in Regions Financial by 2,433.3% in the 2nd quarter. American National Bank & Trust now owns 1,064 shares of the bank’s stock valued at $25,000 after acquiring an additional 1,022 shares in the last quarter. CVA Family Office LLC increased its position in Regions Financial by 163.2% in the 2nd quarter. CVA Family Office LLC now owns 1,058 shares of the bank’s stock valued at $25,000 after acquiring an additional 656 shares in the last quarter. Darwin Wealth Management LLC acquired a new stake in shares of Regions Financial during the 2nd quarter worth approximately $25,000. Bayforest Capital Ltd grew its position in shares of Regions Financial by 637.3% during the 1st quarter. Bayforest Capital Ltd now owns 1,224 shares of the bank’s stock worth $27,000 after buying an additional 1,058 shares during the period. Finally, FNY Investment Advisers LLC acquired a new stake in shares of Regions Financial during the 2nd quarter worth approximately $30,000. 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.