Regions Financial (NYSE:RF) Upgraded at Wall Street Zen

Regions Financial (NYSE:RF) was upgraded by equities researchers at Wall Street Zen from a “sell” rating to a “hold” rating in a note issued to investors on Saturday.

Other equities research analysts also recently issued research reports about the company. TD Cowen began coverage on Regions Financial in a research report on Thursday, May 15th. They issued a “buy” rating and a $31.00 price objective for the company. JPMorgan Chase & Co. reduced their target price on Regions Financial from $26.00 to $23.00 and set a “neutral” rating on the stock in a report on Thursday, April 3rd. Keefe, Bruyette & Woods reduced their target price on Regions Financial from $28.00 to $26.00 and set an “outperform” rating on the stock in a report on Monday, April 21st. The Goldman Sachs Group reduced their target price on Regions Financial from $28.00 to $25.00 and set a “buy” rating on the stock in a report on Tuesday, April 22nd. Finally, Jefferies Financial Group began coverage on Regions Financial in a report on Wednesday, May 21st. They issued a “hold” rating and a $24.00 target price on the stock. One research analyst has rated the stock with a sell rating, nine have issued a hold rating and twelve have given a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $26.15.

Regions Financial Price Performance

Shares of NYSE:RF opened at $24.68 on Friday. The company has a market cap of $22.19 billion, a P/E ratio of 11.87, a P/E/G ratio of 1.97 and a beta of 0.98. The company has a quick ratio of 0.83, a current ratio of 0.84 and a debt-to-equity ratio of 0.36. Regions Financial has a 52 week low of $17.74 and a 52 week high of $27.96. The business has a fifty day simple moving average of $22.00 and a 200-day simple moving average of $22.36.

Regions Financial (NYSE:RF) last announced its quarterly earnings data on Thursday, April 17th. The bank reported $0.54 EPS for the quarter, beating analysts’ consensus estimates of $0.51 by $0.03. The business had revenue of $1.81 billion during the quarter, compared to the consensus estimate of $1.84 billion. Regions Financial had a return on equity of 13.04% and a net margin of 21.43%. During the same quarter in the previous year, the business earned $0.37 earnings per share. Equities research analysts forecast that Regions Financial will post 2.26 EPS for the current year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. IFG Advisory LLC lifted its stake in shares of Regions Financial by 0.9% during the first quarter. IFG Advisory LLC now owns 52,531 shares of the bank’s stock worth $1,142,000 after purchasing an additional 470 shares in the last quarter. Horizon Investments LLC increased its position in shares of Regions Financial by 3.9% during the first quarter. Horizon Investments LLC now owns 13,369 shares of the bank’s stock worth $291,000 after acquiring an additional 508 shares during the last quarter. First Horizon Advisors Inc. increased its position in shares of Regions Financial by 8.7% during the first quarter. First Horizon Advisors Inc. now owns 6,641 shares of the bank’s stock worth $144,000 after acquiring an additional 532 shares during the last quarter. Lido Advisors LLC increased its position in shares of Regions Financial by 2.6% during the fourth quarter. Lido Advisors LLC now owns 22,291 shares of the bank’s stock worth $530,000 after acquiring an additional 558 shares during the last quarter. Finally, Bank Julius Baer & Co. Ltd Zurich increased its position in shares of Regions Financial by 20.6% during the fourth quarter. Bank Julius Baer & Co. Ltd Zurich now owns 3,316 shares of the bank’s stock worth $86,000 after acquiring an additional 567 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.