Cantor Fitzgerald Initiates Coverage on Regions Financial (NYSE:RF)

Research analysts at Cantor Fitzgerald started coverage on shares of Regions Financial (NYSE:RF) in a research note issued on Wednesday, Marketbeat reports. The brokerage set an “overweight” rating and a $30.00 price target on the bank’s stock. Cantor Fitzgerald’s target price suggests a potential upside of 10.91% from the company’s current price.

A number of other research firms also recently commented on RF. Keefe, Bruyette & Woods lifted their price target on Regions Financial from $29.00 to $30.00 and gave the stock an “outperform” rating in a research note on Monday, July 21st. TD Cowen began coverage on Regions Financial in a research note on Thursday, May 15th. They issued a “buy” rating and a $31.00 price target for the company. Morgan Stanley lifted their price target on Regions Financial from $27.00 to $29.00 and gave the stock an “equal weight” rating in a research note on Monday, July 21st. Stephens lifted their target price on Regions Financial from $24.00 to $29.00 and gave the company an “overweight” rating in a research note on Monday, July 21st. Finally, Wall Street Zen upgraded Regions Financial from a “sell” rating to a “hold” rating in a research note on Saturday, July 5th. Twelve investment analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $27.47.

Regions Financial Stock Up 0.0%

NYSE:RF opened at $27.05 on Wednesday. The company has a market capitalization of $24.14 billion, a price-to-earnings ratio of 12.58, a price-to-earnings-growth ratio of 1.55 and a beta of 1.02. Regions Financial has a one year low of $17.74 and a one year high of $27.96. The stock has a 50-day simple moving average of $25.86 and a 200 day simple moving average of $22.97. The company has a debt-to-equity ratio of 0.30, a quick ratio of 0.82 and a current ratio of 0.82.

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

Insider Buying and Selling

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

Institutional Investors Weigh In On Regions Financial

Hedge funds have recently made changes to their positions in the business. Centaurus Financial Inc. lifted its position in shares of Regions Financial by 3.9% during the 2nd quarter. Centaurus Financial Inc. now owns 10,230 shares of the bank’s stock valued at $241,000 after acquiring an additional 382 shares during the last quarter. Hardy Reed LLC lifted its position in shares of Regions Financial by 1.6% during the 2nd quarter. Hardy Reed LLC now owns 25,747 shares of the bank’s stock valued at $606,000 after acquiring an additional 404 shares during the last quarter. Greenwood Capital Associates LLC lifted its position in shares of Regions Financial by 0.6% during the 2nd quarter. Greenwood Capital Associates LLC now owns 72,400 shares of the bank’s stock valued at $1,703,000 after acquiring an additional 427 shares during the last quarter. IFG Advisory LLC lifted its position in shares of Regions Financial by 0.9% during the 1st quarter. IFG Advisory LLC now owns 52,531 shares of the bank’s stock valued at $1,142,000 after acquiring an additional 470 shares during the last quarter. Finally, Signet Financial Management LLC boosted its position in shares of Regions Financial by 4.6% in the second quarter. Signet Financial Management LLC now owns 10,896 shares of the bank’s stock worth $256,000 after buying an additional 483 shares during the period. Institutional investors 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.