Regions Financial (RF) Research Coverage Started at BMO Capital Markets

BMO Capital Markets started coverage on shares of Regions Financial (NYSE:RF) in a research report released on Tuesday, Marketbeat.com reports. The brokerage issued an outperform rating and a $17.00 price target on the bank’s stock.

A number of other analysts have also issued reports on RF. ValuEngine lowered shares of Regions Financial from a hold rating to a sell rating in a research note on Thursday, November 15th. JPMorgan Chase & Co. raised shares of Regions Financial from a neutral rating to an overweight rating in a research note on Monday, November 26th. Argus started coverage on shares of Regions Financial in a research note on Wednesday, November 28th. They set a buy rating and a $19.00 target price for the company. Nomura reissued a reduce rating and set a $14.90 target price (down from $17.00) on shares of Regions Financial in a research note on Monday, December 10th. Finally, Barclays lowered their target price on shares of Regions Financial from $20.00 to $17.00 and set an underweight rating for the company in a research note on Wednesday, January 2nd. Three analysts have rated the stock with a sell rating, six have assigned a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The company has an average rating of Hold and an average target price of $17.38.

NYSE RF opened at $15.79 on Tuesday. 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 firm has a market cap of $16.16 billion, a price-to-earnings ratio of 11.61, a PEG ratio of 1.05 and a beta of 1.50. 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 earnings results on Friday, January 18th. The bank reported $0.37 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.38 by ($0.01). The company had revenue of $1.44 billion for the quarter, compared to analysts’ expectations of $1.49 billion. Regions Financial had a net margin of 27.23% and a return on equity of 10.84%. The firm’s revenue for the quarter was up 1.6% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.36 earnings per share. Analysts predict that Regions Financial will post 1.58 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, April 1st. Investors of record on Friday, March 8th will be issued a $0.14 dividend. The ex-dividend date is Thursday, March 7th. This represents a $0.56 annualized dividend and a dividend yield of 3.55%. Regions Financial’s payout ratio is currently 41.18%.

Several hedge funds have recently added to or reduced their stakes in the stock. First Bank & Trust raised its holdings in Regions Financial by 11.0% in the fourth quarter. First Bank & Trust now owns 6,816 shares of the bank’s stock worth $91,000 after purchasing an additional 676 shares in the last quarter. BB&T Securities LLC raised its holdings in Regions Financial by 0.8% in the fourth quarter. BB&T Securities LLC now owns 91,227 shares of the bank’s stock worth $1,220,000 after purchasing an additional 767 shares in the last quarter. MAI Capital Management raised its holdings in Regions Financial by 5.0% in the fourth quarter. MAI Capital Management now owns 19,920 shares of the bank’s stock worth $267,000 after purchasing an additional 950 shares in the last quarter. CWM LLC raised its holdings in Regions Financial by 7.7% in the fourth quarter. CWM LLC now owns 13,942 shares of the bank’s stock worth $187,000 after purchasing an additional 996 shares in the last quarter. Finally, Valeo Financial Advisors LLC raised its holdings in Regions Financial by 9.2% in the fourth quarter. Valeo Financial Advisors LLC now owns 11,919 shares of the bank’s stock worth $159,000 after purchasing an additional 1,000 shares in the last quarter. Hedge funds and other institutional investors own 72.12% of the company’s stock.

About Regions Financial

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.

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Analyst Recommendations for Regions Financial (NYSE:RF)

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