Regions Financial (RF) Upgraded to Neutral at Nomura

Nomura upgraded shares of Regions Financial (NYSE:RF) from a reduce rating to a neutral rating in a report published on Friday, March 29th, BenzingaRatingsTable reports. They currently have $14.00 price target on the bank’s stock.

RF has been the topic of several other research reports. Wedbush lifted their price objective on Regions Financial from $17.00 to $18.00 and gave the stock a neutral rating in a report on Thursday, February 28th. Barclays decreased their price objective on Regions Financial from $20.00 to $17.00 and set an underweight rating on the stock in a report on Wednesday, January 2nd. UBS Group raised Regions Financial from a neutral rating to a buy rating in a report on Tuesday, January 8th. BMO Capital Markets began coverage on Regions Financial in a report on Tuesday, March 12th. They set an outperform rating and a $17.00 price objective on the stock. Finally, Sandler O’Neill lowered Regions Financial from a buy rating to a hold rating and set a $16.41 price target on the stock. in a research note on Thursday, February 28th. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the stock. The stock has a consensus rating of Hold and an average target price of $17.28.

NYSE RF traded down $0.34 during trading on Friday, hitting $15.26. The company’s stock had a trading volume of 10,835,043 shares, compared to its average volume of 12,531,153. The company has a quick ratio of 0.90, a current ratio of 0.90 and a debt-to-equity ratio of 0.87. The company has a market cap of $15.48 billion, a P/E ratio of 11.22, a P/E/G ratio of 1.05 and a beta of 1.48. Regions Financial has a 52 week low of $12.39 and a 52 week high of $19.99.

Regions Financial (NYSE:RF) last issued its quarterly earnings results on Friday, January 18th. The bank reported $0.37 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.38 by ($0.01). Regions Financial had a return on equity of 10.84% and a net margin of 27.23%. The business had revenue of $1.44 billion during the quarter, compared to the consensus estimate of $1.49 billion. During the same period in the prior year, the firm earned $0.36 earnings per share. The business’s quarterly revenue was up 1.6% on a year-over-year basis. Sell-side analysts expect that Regions Financial will post 1.59 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Monday, April 1st. Investors of record on Friday, March 8th were paid a $0.14 dividend. This represents a $0.56 annualized dividend and a yield of 3.67%. The ex-dividend date of this dividend was Thursday, March 7th. Regions Financial’s dividend payout ratio is 41.18%.

A number of institutional investors have recently bought and sold shares of the business. First Bank & Trust raised its position in shares of Regions Financial by 11.0% during the fourth quarter. First Bank & Trust now owns 6,816 shares of the bank’s stock worth $91,000 after acquiring an additional 676 shares during the last quarter. BB&T Securities LLC raised its position in shares of Regions Financial by 0.8% during the fourth quarter. BB&T Securities LLC now owns 91,227 shares of the bank’s stock worth $1,220,000 after acquiring an additional 767 shares during the last quarter. MAI Capital Management raised its position in shares of Regions Financial by 5.0% during the fourth quarter. MAI Capital Management now owns 19,920 shares of the bank’s stock worth $267,000 after acquiring an additional 950 shares during the last quarter. CWM LLC raised its position in shares of Regions Financial by 7.7% during the fourth quarter. CWM LLC now owns 13,942 shares of the bank’s stock worth $187,000 after acquiring an additional 996 shares during the last quarter. Finally, Valeo Financial Advisors LLC raised its position in shares of Regions Financial by 9.2% during the fourth quarter. Valeo Financial Advisors LLC now owns 11,919 shares of the bank’s stock worth $159,000 after acquiring an additional 1,000 shares during the last quarter. 74.36% of the stock is currently owned by institutional investors.

About Regions Financial

Regions Financial Corporation, a financial holding company, provides banking and bank-related services to individual and corporate customers in the United States. 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 services; corresponding deposit products; and securities underwriting and placement, loan syndication and placement, foreign exchange, derivatives, merger and acquisition, and other advisory services.

Featured Story: Moving Average Convergence Divergence (MACD)

Analyst Recommendations for Regions Financial (NYSE:RF)

Receive News & Ratings for Regions Financial Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Regions Financial and related companies with MarketBeat.com's FREE daily email newsletter.