Cantor Fitzgerald Reaffirms Overweight Rating for Regions Financial (NYSE:RF)

Regions Financial (NYSE:RF - Get Free Report)'s stock had its "overweight" rating reissued by Cantor Fitzgerald in a note issued to investors on Wednesday, Benzinga reports. They currently have a $32.00 price target on the bank's stock. Cantor Fitzgerald's target price would indicate a potential upside of 14.96% from the company's current price.

Other research analysts also recently issued reports about the company. JPMorgan Chase & Co. dropped their price objective on Regions Financial from $32.00 to $30.50 and set a "neutral" rating on the stock in a research note on Friday, October 2nd. Capital One Financial set a $33.00 target price on Regions Financial in a research report on Monday. UBS Group decreased their target price on Regions Financial from $33.00 to $30.00 and set a "neutral" rating for the company in a research report on Monday, October 5th. Stephens reaffirmed an "outperform" rating on shares of Regions Financial in a research report on Monday. Finally, Wells Fargo & Company boosted their target price on Regions Financial from $28.00 to $30.00 and gave the company an "underweight" rating in a research report on Monday, July 6th. Seven equities research analysts have rated the stock with a Buy rating, ten have given a Hold rating and three have assigned a Sell rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and an average price target of $31.33.

Regions Financial Stock Up 2.3%

Shares of NYSE:RF opened at $27.84 on Wednesday. The company has a market capitalization of $23.71 billion, a price-to-earnings ratio of 10.92, a P/E/G ratio of 1.11 and a beta of 1.05. The company has a debt-to-equity ratio of 0.36, a current ratio of 0.82 and a quick ratio of 0.81. The business's 50-day moving average is $28.97 and its 200-day moving average is $29.02. Regions Financial has a 1 year low of $23.59 and a 1 year high of $32.47.

Regions Financial (NYSE:RF - Get Free Report) last announced its quarterly earnings data on Friday, October 16th. The bank reported $0.73 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.67 by $0.06. The company had revenue of $1.99 billion for the quarter, compared to the consensus estimate of $1.99 billion. Regions Financial had a return on equity of 13.43% and a net margin of 23.97%. The firm's revenue was up 3.0% compared to the same quarter last year. During the same period in the previous year, the business earned $0.63 EPS. Equities research analysts predict that Regions Financial will post 2.66 earnings per share for the current year.

Hedge Funds Weigh In On Regions Financial

Several institutional investors have recently modified their holdings of the business. WPG Advisers LLC raised its position in shares of Regions Financial by 83.5% in the second quarter. WPG Advisers LLC now owns 813 shares of the bank's stock worth $25,000 after buying an additional 370 shares in the last quarter. Keating Financial Advisory Services Inc. purchased a new stake in shares of Regions Financial in the second quarter worth $25,000. Trust Co. of Vermont purchased a new stake in shares of Regions Financial in the second quarter worth $26,000. Gables Capital Management Inc. purchased a new stake in shares of Regions Financial in the second quarter worth $30,000. Finally, Pin Oak Investment Advisors Inc. purchased a new stake in shares of Regions Financial in the second quarter worth $36,000. 79.39% of the stock is owned by institutional investors.

About Regions Financial

Regions Financial Corporation NYSE: RF is a financial services company headquartered in Birmingham, Alabama. Through its principal subsidiary, Regions Bank, the company provides banking and related financial services to consumers, businesses, institutions and governments.

Regions Bank offers checking and savings accounts, consumer and commercial loans, credit products, mortgages, treasury and cash-management services, investment and wealth-management solutions, and insurance-related services.