Regions Financial Co. (NYSE:RF - Get Free Report) shares saw unusually-high trading volume on Friday . Approximately 2,669,322 shares traded hands during trading, a decline of 69% from the previous session's volume of 8,515,249 shares.The stock last traded at $18.48 and had previously closed at $19.00.
Analyst Ratings Changes
RF has been the subject of a number of recent analyst reports. Argus cut Regions Financial from a "buy" rating to a "hold" rating in a report on Tuesday, January 23rd. Jefferies Financial Group raised Regions Financial from a "hold" rating to a "buy" rating and raised their price target for the company from $15.00 to $22.00 in a report on Tuesday, January 9th. Citigroup raised Regions Financial from a "neutral" rating to a "buy" rating and raised their price target for the company from $20.00 to $23.00 in a report on Monday, March 18th. Keefe, Bruyette & Woods raised their price target on Regions Financial from $21.00 to $22.00 and gave the company a "market perform" rating in a report on Friday, April 5th. Finally, Truist Financial raised their price target on Regions Financial from $20.00 to $22.00 and gave the company a "hold" rating in a report on Monday, April 1st. Two analysts have rated the stock with a sell rating, eleven have given a hold rating and six have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average target price of $20.39.
Get Our Latest Research Report on RF
Regions Financial Price Performance
The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.82 and a current ratio of 0.82. The firm has a market capitalization of $17.38 billion, a P/E ratio of 9.05, a price-to-earnings-growth ratio of 1.36 and a beta of 1.21. The company has a 50-day moving average price of $19.32 and a 200-day moving average price of $17.99.
Regions Financial (NYSE:RF - Get Free Report) last posted its quarterly earnings results on Friday, April 19th. The bank reported $0.37 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.45 by ($0.08). Regions Financial had a return on equity of 14.50% and a net margin of 22.66%. The company had revenue of $1.75 billion during the quarter, compared to the consensus estimate of $1.75 billion. During the same quarter in the prior year, the business earned $0.62 earnings per share. The firm's revenue for the quarter was down 10.5% on a year-over-year basis. On average, sell-side analysts predict that Regions Financial Co. will post 1.98 earnings per share for the current year.
Regions Financial Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Monday, July 1st. Stockholders of record on Monday, June 3rd will be given a $0.24 dividend. The ex-dividend date is Monday, June 3rd. This represents a $0.96 annualized dividend and a dividend yield of 5.08%. Regions Financial's dividend payout ratio is currently 45.93%.
Institutional Inflows and Outflows
Hedge funds and other institutional investors have recently made changes to their positions in the stock. Yousif Capital Management LLC lifted its holdings in Regions Financial by 0.8% during the first quarter. Yousif Capital Management LLC now owns 149,877 shares of the bank's stock worth $3,336,000 after acquiring an additional 1,249 shares in the last quarter. Vontobel Holding Ltd. lifted its holdings in Regions Financial by 23.5% during the first quarter. Vontobel Holding Ltd. now owns 24,426 shares of the bank's stock worth $553,000 after acquiring an additional 4,648 shares in the last quarter. Allianz Asset Management GmbH lifted its holdings in Regions Financial by 929.9% during the first quarter. Allianz Asset Management GmbH now owns 1,070,728 shares of the bank's stock worth $23,834,000 after acquiring an additional 966,768 shares in the last quarter. Brown Brothers Harriman & Co. lifted its holdings in Regions Financial by 44.7% during the first quarter. Brown Brothers Harriman & Co. now owns 15,715 shares of the bank's stock worth $350,000 after acquiring an additional 4,852 shares in the last quarter. Finally, Parkside Financial Bank & Trust lifted its holdings in Regions Financial by 41.7% during the first quarter. Parkside Financial Bank & Trust now owns 2,505 shares of the bank's stock worth $56,000 after acquiring an additional 737 shares in the last quarter. 79.39% of the stock is currently owned by institutional investors.
About Regions Financial
(
Get Free Report)
Regions Financial Corporation, a financial holding company, provides banking and bank-related services to individual and corporate customers. 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; deposit products; and securities underwriting and placement, loan syndication and placement, foreign exchange, derivatives, merger and acquisition, and other advisory services.
Further Reading
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