Regions Financial (NYSE:RF) Stock Rating Upgraded by Brean Capital

Regions Financial (NYSE:RF) was upgraded by equities research analysts at Brean Capital from a “neutral” rating to a “buy” rating in a research note issued on Monday, Marketbeat.com reports. The brokerage currently has a $33.00 price target on the bank’s stock. Brean Capital’s price objective indicates a potential upside of 18.55% from the company’s previous close.

RF has been the topic of a number of other reports. Evercore restated an “underperform” rating and issued a $31.00 price objective on shares of Regions Financial in a research note on Monday, July 6th. JPMorgan Chase & Co. reduced their target price on Regions Financial from $32.00 to $30.50 and set a “neutral” rating on the stock in a report on Friday, October 2nd. Keefe, Bruyette & Woods lifted their target price on shares of Regions Financial from $32.00 to $33.00 and gave the company a “market perform” rating in a report on Monday, July 20th. Robert W. Baird raised Regions Financial from an “underperform” rating to a “neutral” rating and set a $28.00 price target on the stock in a research report on Friday, September 18th. Finally, DA Davidson boosted their price target on Regions Financial from $33.00 to $34.00 and gave the stock a “neutral” rating in a research note on Monday, July 20th. Seven research analysts have rated the stock with a Buy rating, ten have given a Hold rating and three have issued a Sell rating to the company’s stock. According to MarketBeat.com, Regions Financial presently has a consensus rating of “Hold” and a consensus target price of $31.32.

Regions Financial Stock Up 2.3%

NYSE RF opened at $27.84 on Monday. The business’s fifty day simple moving average is $28.97 and its 200-day simple moving average is $29.02. The company has a quick ratio of 0.81, a current ratio of 0.82 and a debt-to-equity ratio of 0.36. The firm has a market cap of $23.71 billion, a PE ratio of 10.46, a P/E/G ratio of 1.11 and a beta of 1.05. Regions Financial has a 52 week low of $23.59 and a 52 week high of $32.47.

Regions Financial (NYSE:RF) last posted its earnings results on Friday, October 16th. The bank reported $0.73 EPS for the quarter, beating analysts’ consensus estimates of $0.67 by $0.06. Regions Financial had a net margin of 23.97% and a return on equity of 13.43%. The company had revenue of $1.99 billion for the quarter, compared to analysts’ expectations of $1.99 billion. During the same quarter in the prior year, the company posted $0.63 earnings per share. Regions Financial’s revenue for the quarter was up 3.0% compared to the same quarter last year. As a group, equities analysts anticipate that Regions Financial will post 2.66 earnings per share for the current year.

Institutional Investors Weigh In On Regions Financial

A number of institutional investors and hedge funds have recently bought and sold shares of RF. Nykredit A S purchased a new stake in Regions Financial during the 2nd quarter worth about $236,756,000. Bank of America Corp DE purchased a new position in Regions Financial during the second quarter valued at approximately $219,068,000. First Trust Advisors LP grew its stake in Regions Financial by 75.7% during the first quarter. First Trust Advisors LP now owns 13,358,969 shares of the bank’s stock valued at $348,936,000 after acquiring an additional 5,754,487 shares in the last quarter. Legal & General Group Plc purchased a new position in Regions Financial during the second quarter valued at approximately $163,654,000. Finally, Korea Investment CORP bought a new stake in Regions Financial during the 2nd quarter worth approximately $99,190,000. 79.39% of the stock is owned by institutional investors and hedge funds.

Regions Financial Company Profile

Regions Financial Corporation (NYSE: RF) is a financial services company headquartered in Birmingham, Alabama. Through its principal subsidiary, Regions Bank, the company provides banking and related financial services to consumers, businesses, institutions and governments.

Regions Bank offers checking and savings accounts, consumer and commercial loans, credit products, mortgages, treasury and cash-management services, investment and wealth-management solutions, and insurance-related services.