Regions Financial (NYSE:RF) Stock Price Crosses Above Two Hundred Day Moving Average - Should You Sell?

Key Points

• Regions Financial shares moved above their 200-day moving average, reaching $29.04 and last trading near $28.88, a 1.7% increase.
• Analyst sentiment remains mixed: the stock has a consensus “Hold” rating and a $30.98 price target, with seven Buy, ten Hold, and three Sell ratings.
• The bank exceeded quarterly EPS expectations, reporting $0.73 versus $0.67 anticipated, while declaring a $0.30 quarterly dividend, equivalent to a 4.2% annual yield.

Regions Financial Corporation (NYSE:RF - Get Free Report)'s stock price crossed above its 200-day moving average during trading on Thursday. The stock has a 200-day moving average of $28.68 and traded as high as $29.04. Regions Financial shares last traded at $28.8760, with a volume of 10,485,279 shares.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on the stock. UBS Group reduced their price objective on shares of Regions Financial from $33.00 to $30.00 and set a "neutral" rating for the company in a research note on Monday, October 5th. Royal Bank Of Canada reduced their price target on Regions Financial from $34.00 to $32.00 and set an "outperform" rating for the company in a research report on Monday, October 19th. Cantor Fitzgerald restated an "overweight" rating and issued a $32.00 price target on shares of Regions Financial in a research note on Wednesday, October 21st. Evercore restated an "underperform" rating and issued a $28.00 price target on shares of Regions Financial in a research note on Tuesday. Finally, Robert W. Baird raised Regions Financial from an "underperform" rating to a "neutral" rating and set a $28.00 price target on the stock in a research report on Friday, September 18th. Seven research analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and three have given a Sell rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus price target of $30.98.

Regions Financial Trading Up 1.7%

The company has a market cap of $24.60 billion, a price-to-earnings ratio of 11.32, a PEG ratio of 1.15 and a beta of 1.05. The company has a current ratio of 0.82, a quick ratio of 0.81 and a debt-to-equity ratio of 0.36. The business's 50 day moving average price is $28.56 and its 200-day moving average price is $28.68.

Regions Financial (NYSE:RF - Get Free Report) last issued its quarterly earnings data on Friday, October 16th. The bank reported $0.73 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.67 by $0.06. The firm had revenue of $1.99 billion during the quarter, compared to the consensus estimate of $1.99 billion. Regions Financial had a net margin of 23.97% and a return on equity of 13.43%. The business's revenue for the quarter was up 3.0% compared to the same quarter last year. During the same period last year, the business posted $0.63 earnings per share. On average, equities analysts anticipate that Regions Financial Corporation will post 2.70 EPS for the current fiscal year.

Regions Financial Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, January 4th. Shareholders of record on Tuesday, December 1st will be paid a $0.30 dividend. The ex-dividend date is Tuesday, December 1st. This represents a $1.20 annualized dividend and a yield of 4.2%. Regions Financial's payout ratio is 47.06%.

Institutional Trading of Regions Financial

Institutional investors have recently bought and sold shares of the business. Nykredit A S bought a new position in Regions Financial during the second quarter worth $236,756,000. Bank of America Corp DE acquired a new position in Regions Financial in the second quarter valued at $219,068,000. First Trust Advisors LP boosted its position in Regions Financial by 75.7% during the first quarter. First Trust Advisors LP now owns 13,358,969 shares of the bank's stock valued at $348,936,000 after acquiring an additional 5,754,487 shares during the last quarter. Legal & General Group Plc bought a new stake in Regions Financial during the second quarter valued at $163,654,000. Finally, Korea Investment CORP bought a new stake in Regions Financial during the second quarter valued at $99,190,000. Institutional investors own 79.39% of the company's stock.

Regions Financial Company Profile

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.

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