Wedbush Downgrades Regions Financial (NYSE:RF) to Neutral

Wedbush lowered shares of Regions Financial (NYSE:RF) from an outperform rating to a neutral rating in a research note released on Monday, February 4th, reports. They currently have $17.00 target price on the bank’s stock. The analysts noted that the move was a valuation call.

RF has been the subject of a number of other reports. B. Riley set a $20.00 price target on Regions Financial and gave the stock a hold rating in a report on Monday, October 15th. Nomura restated a reduce rating and issued a $14.90 target price (down from $17.00) on shares of Regions Financial in a research note on Monday, December 10th. JPMorgan Chase & Co. upgraded Regions Financial from a neutral rating to an overweight rating and set a $16.20 target price for the company in a research note on Sunday, December 2nd. Raymond James cut their target price on Regions Financial from $21.00 to $20.00 and set an outperform rating for the company in a research note on Wednesday, October 24th. Finally, ValuEngine lowered Regions Financial from a hold rating to a sell rating in a research note on Thursday, November 15th. Three research analysts have rated the stock with a sell rating, six have given a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the stock. Regions Financial presently has a consensus rating of Hold and a consensus target price of $17.41.

NYSE:RF traded down $0.09 on Monday, hitting $16.31. 14,202,846 shares of the company’s stock traded hands, compared to its average volume of 11,342,637. The company has a debt-to-equity ratio of 0.87, a current ratio of 0.90 and a quick ratio of 0.90. Regions Financial has a 1 year low of $12.39 and a 1 year high of $20.21. The stock has a market cap of $16.79 billion, a PE ratio of 11.99, a price-to-earnings-growth ratio of 0.78 and a beta of 1.48.

Regions Financial (NYSE:RF) last announced 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 net margin of 27.23% and a return on equity of 10.84%. The firm had revenue of $1.44 billion during the quarter, compared to the consensus estimate of $1.49 billion. During the same period in the previous year, the firm posted $0.36 EPS. The company’s quarterly revenue was up 1.6% compared to the same quarter last year. On average, equities research analysts anticipate that Regions Financial will post 1.57 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Monday, April 1st. Shareholders of record on Friday, March 8th will be paid a $0.14 dividend. The ex-dividend date of this dividend is Thursday, March 7th. This represents a $0.56 dividend on an annualized basis and a yield of 3.43%. Regions Financial’s dividend payout ratio is currently 41.18%.

Hedge funds have recently modified their holdings of the business. Lindbrook Capital LLC purchased a new stake in Regions Financial during the 4th quarter worth approximately $27,000. Legacy Financial Advisors Inc. acquired a new stake in shares of Regions Financial during the 4th quarter worth about $30,000. Financial Architects Inc acquired a new stake in shares of Regions Financial during the 4th quarter worth about $31,000. Whittier Trust Co. boosted its stake in shares of Regions Financial by 84.7% during the 4th quarter. Whittier Trust Co. now owns 2,770 shares of the bank’s stock worth $37,000 after purchasing an additional 1,270 shares during the last quarter. Finally, Doyle Wealth Management acquired a new stake in shares of Regions Financial during the 4th quarter worth about $40,000. Institutional investors and hedge funds own 74.07% of the company’s stock.

Regions Financial Company Profile

Regions Financial Corporation, together with its subsidiaries, provides banking and bank-related services to individual and corporate customers in the United States. Its Corporate Bank segment offers commercial banking services, such as commercial and industrial, commercial real estate, and investor real estate lending, as well as equipment lease financing services and corresponding deposits.

Further Reading: How to use beta for portfolio diversification

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's FREE daily email newsletter.

Leave a Reply