Regions Financial Corporation (NYSE:RF) Receives Consensus Rating of "Hold" from Brokerages

Key Points

• Regions Financial carries a consensus “Hold” rating from 20 analysts: 10 holds, six buys and four sells. The average 12-month price target is $32.24, compared with a recent share price of $30.66.
• The bank exceeded quarterly expectations, reporting $0.68 in EPS versus the $0.63 consensus estimate and $1.95 billion in revenue. Analysts expect full-year EPS of approximately $2.63.
• Regions Financial raised its quarterly dividend from $0.27 to $0.30 per share, implying a $1.20 annualized payout and a 3.9% yield; institutional investors own 79.39% of the company.

Shares of Regions Financial Corporation (NYSE:RF - Get Free Report) have been assigned a consensus recommendation of "Hold" from the twenty analysts that are currently covering the firm, Marketbeat.com reports. Four research analysts have rated the stock with a sell rating, ten have given a hold rating and six have assigned a buy rating to the company. The average 12-month target price among brokerages that have issued a report on the stock in the last year is $32.2353.

RF has been the topic of several recent research reports. Royal Bank Of Canada restated an "outperform" rating and set a $34.00 price target on shares of Regions Financial in a research report on Monday, July 20th. Evercore reiterated an "underperform" rating and issued a $31.00 price objective on shares of Regions Financial in a research report on Monday, July 6th. Cantor Fitzgerald increased their price objective on Regions Financial from $34.00 to $35.00 and gave the company an "overweight" rating in a research note on Tuesday, July 21st. UBS Group raised their target price on shares of Regions Financial from $29.00 to $33.00 and gave the stock a "neutral" rating in a report on Tuesday, July 7th. Finally, Morgan Stanley lifted their target price on shares of Regions Financial from $34.00 to $35.00 and gave the stock an "equal weight" rating in a research note on Monday, June 29th.

Hedge Funds Weigh In On Regions Financial

A number of hedge funds have recently modified their holdings of the company. Empowered Funds LLC grew its stake in shares of Regions Financial by 7.2% in the first quarter. Empowered Funds LLC now owns 19,152 shares of the bank's stock worth $416,000 after purchasing an additional 1,278 shares during the last quarter. Woodline Partners LP lifted its holdings in Regions Financial by 40.7% in the 1st quarter. Woodline Partners LP now owns 76,797 shares of the bank's stock worth $1,669,000 after buying an additional 22,216 shares during the period. Baird Financial Group Inc. lifted its holdings in Regions Financial by 0.7% in the 2nd quarter. Baird Financial Group Inc. now owns 71,717 shares of the bank's stock worth $1,687,000 after buying an additional 511 shares during the period. Federated Hermes Inc. lifted its holdings in Regions Financial by 81.2% in the 2nd quarter. Federated Hermes Inc. now owns 11,677 shares of the bank's stock worth $275,000 after buying an additional 5,233 shares during the period. Finally, Daiwa Securities Group Inc. grew its position in shares of Regions Financial by 5.0% in the 2nd quarter. Daiwa Securities Group Inc. now owns 141,155 shares of the bank's stock worth $3,320,000 after buying an additional 6,690 shares during the last quarter. Hedge funds and other institutional investors own 79.39% of the company's stock.

Regions Financial Stock Up 0.1%

Shares of NYSE:RF opened at $30.66 on Wednesday. The stock's 50-day moving average price is $30.73 and its 200-day moving average price is $28.80. Regions Financial has a 12-month low of $22.70 and a 12-month high of $32.47. The stock has a market capitalization of $26.12 billion, a P/E ratio of 12.52, a price-to-earnings-growth ratio of 1.17 and a beta of 1.00. The company has a current ratio of 0.81, a quick ratio of 0.81 and a debt-to-equity ratio of 0.26.

Regions Financial (NYSE:RF - Get Free Report) last released its quarterly earnings data on Friday, July 17th. The bank reported $0.68 EPS for the quarter, topping the consensus estimate of $0.63 by $0.05. Regions Financial had a return on equity of 12.88% and a net margin of 23.33%.The firm had revenue of $1.95 billion for the quarter, compared to the consensus estimate of $1.94 billion. During the same quarter in the previous year, the business earned $0.60 earnings per share. The company's quarterly revenue was up .1% on a year-over-year basis. On average, equities analysts anticipate that Regions Financial will post 2.63 earnings per share for the current year.

Regions Financial Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, October 1st. Shareholders of record on Tuesday, September 1st will be given a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 3.9%. The ex-dividend date of this dividend is Tuesday, September 1st. This is an increase from Regions Financial's previous quarterly dividend of $0.27. Regions Financial's dividend payout ratio is currently 43.27%.

Regions Financial Company Profile

Regions Financial Corporation NYSE: RF is a U.S. bank holding company headquartered in Birmingham, Alabama, that provides a broad range of banking and financial services. Its primary banking subsidiary, Regions Bank, serves retail and commercial customers through a combination of branch and ATM networks, digital channels and relationship-based delivery. The company offers deposit accounts, consumer and commercial loans, mortgage origination and servicing, and payment and treasury services.

In addition to core banking, Regions offers wealth management, trust and brokerage services, insurance solutions, and capital markets capabilities to corporate and institutional clients.

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