FBR & Co reaffirmed their marketperform rating on shares of Regions Financial Corp. (NYSE:RF) in a research note published on Monday.

Other equities research analysts also recently issued research reports about the stock. Nomura reaffirmed a hold rating on shares of Regions Financial Corp. in a research report on Saturday, July 9th. Wells Fargo & Co. reaffirmed a hold rating on shares of Regions Financial Corp. in a research report on Saturday, July 9th. Barclays PLC reaffirmed a sell rating on shares of Regions Financial Corp. in a research report on Saturday, July 9th. Credit Suisse Group AG reaffirmed a hold rating on shares of Regions Financial Corp. in a research report on Tuesday, July 12th. Finally, Vetr raised shares of Regions Financial Corp. from a buy rating to a strong-buy rating and set a $10.50 target price for the company in a research report on Monday, June 13th. One equities research analyst has rated the stock with a sell rating, thirteen have assigned a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating to the stock. The stock presently has a consensus rating of Hold and an average price target of $10.34.

Analyst Recommendations for Regions Financial Corp. (NYSE:RF)

Shares of Regions Financial Corp. (NYSE:RF) traded down 4.20% during midday trading on Monday, hitting $9.81. The company had a trading volume of 8,594,220 shares. The firm has a market capitalization of $12.31 billion, a P/E ratio of 12.34 and a beta of 1.44. The stock has a 50 day moving average price of $9.87 and a 200 day moving average price of $9.23. Regions Financial Corp. has a 1-year low of $7.00 and a 1-year high of $10.47.

Regions Financial Corp. (NYSE:RF) last posted its earnings results on Tuesday, July 19th. The company reported $0.20 EPS for the quarter, missing analysts’ consensus estimates of $0.21 by $0.01. Regions Financial Corp. had a return on equity of 6.65% and a net margin of 18.63%. The company earned $1.40 billion during the quarter, compared to the consensus estimate of $1.37 billion. On average, equities analysts anticipate that Regions Financial Corp. will post $0.83 EPS for the current fiscal year.

In other news, EVP Ellen S. Jones sold 10,000 shares of the company’s stock in a transaction dated Thursday, August 18th. The shares were sold at an average price of $9.53, for a total transaction of $95,300.00. Following the sale, the executive vice president now directly owns 54,886 shares in the company, valued at approximately $523,063.58. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP C. Keith Herron sold 38,753 shares of the company’s stock in a transaction dated Tuesday, August 9th. The shares were sold at an average price of $9.38, for a total transaction of $363,503.14. Following the sale, the executive vice president now owns 290,384 shares in the company, valued at $2,723,801.92. The disclosure for this sale can be found here. Insiders own 0.88% of the company’s stock.

Several hedge funds have recently made changes to their positions in RF. Creative Planning boosted its stake in shares of Regions Financial Corp. by 6.9% in the third quarter. Creative Planning now owns 81,501 shares of the company’s stock valued at $804,000 after buying an additional 5,251 shares in the last quarter. British Columbia Investment Management Corp boosted its stake in shares of Regions Financial Corp. by 33.8% in the third quarter. British Columbia Investment Management Corp now owns 521,747 shares of the company’s stock valued at $5,150,000 after buying an additional 131,732 shares in the last quarter. Raymond James Trust N.A. boosted its stake in shares of Regions Financial Corp. by 11.0% in the third quarter. Raymond James Trust N.A. now owns 23,200 shares of the company’s stock valued at $229,000 after buying an additional 2,290 shares in the last quarter. Oregon Public Employees Retirement Fund boosted its stake in shares of Regions Financial Corp. by 7.5% in the third quarter. Oregon Public Employees Retirement Fund now owns 288,620 shares of the company’s stock valued at $2,849,000 after buying an additional 20,120 shares in the last quarter. Finally, Foundry Partners LLC boosted its stake in shares of Regions Financial Corp. by 9.4% in the third quarter. Foundry Partners LLC now owns 364,885 shares of the company’s stock valued at $3,601,000 after buying an additional 31,300 shares in the last quarter. Hedge funds and other institutional investors own 74.29% of the company’s stock.

Regions Financial Corp. Company Profile

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.

5 Day Chart for NYSE:RF

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