Regions Financial (NYSE:RF) Rating Lowered to "Sell" at Wall Street Zen

Regions Financial (NYSE:RF - Get Free Report) was downgraded by research analysts at Wall Street Zen from a "hold" rating to a "sell" rating in a research report issued to clients and investors on Saturday.

A number of other research firms also recently issued reports on RF. Citigroup cut their price target on Regions Financial from $28.00 to $25.00 and set a "buy" rating for the company in a research note on Monday, March 24th. Wells Fargo & Company cut their price target on Regions Financial from $28.00 to $26.00 and set an "equal weight" rating for the company in a research note on Friday, March 28th. TD Cowen began coverage on Regions Financial in a research note on Thursday, May 15th. They issued a "buy" rating and a $31.00 target price on the stock. JPMorgan Chase & Co. cut their target price on Regions Financial from $26.00 to $23.00 and set a "neutral" rating on the stock in a research note on Thursday, April 3rd. Finally, Keefe, Bruyette & Woods cut their target price on Regions Financial from $28.00 to $26.00 and set an "outperform" rating on the stock in a research note on Monday, April 21st. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating and twelve have assigned a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average target price of $25.80.

Regions Financial Stock Performance

RF stock opened at $22.08 on Friday. The stock has a 50-day moving average price of $20.66 and a 200-day moving average price of $22.83. Regions Financial has a 1-year low of $17.72 and a 1-year high of $27.96. The company has a current ratio of 0.84, a quick ratio of 0.83 and a debt-to-equity ratio of 0.37. The firm has a market cap of $19.85 billion, a PE ratio of 11.38, a price-to-earnings-growth ratio of 1.93 and a beta of 0.96.

Regions Financial (NYSE:RF - Get Free Report) last issued its earnings results on Thursday, April 17th. The bank reported $0.54 EPS for the quarter, beating the consensus estimate of $0.51 by $0.03. The company had revenue of $1.81 billion during the quarter, compared to the consensus estimate of $1.84 billion. Regions Financial had a return on equity of 12.83% and a net margin of 20.20%. During the same period last year, the business posted $0.37 EPS. As a group, equities research analysts expect that Regions Financial will post 2.26 earnings per share for the current year.

Insider Buying and Selling

In other Regions Financial news, Director Joia M. Johnson bought 2,300 shares of the stock in a transaction on Tuesday, March 11th. The shares were acquired at an average price of $21.18 per share, with a total value of $48,714.00. Following the acquisition, the director now directly owns 17,486 shares of the company's stock, valued at $370,353.48. The trade was a 15.15% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.29% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. LBP AM SA increased its holdings in shares of Regions Financial by 149.4% in the fourth quarter. LBP AM SA now owns 730,614 shares of the bank's stock worth $17,184,000 after purchasing an additional 437,691 shares during the period. Aigen Investment Management LP bought a new position in shares of Regions Financial in the fourth quarter worth $1,965,000. Vest Financial LLC increased its holdings in shares of Regions Financial by 20.4% in the fourth quarter. Vest Financial LLC now owns 1,479,865 shares of the bank's stock worth $34,806,000 after purchasing an additional 250,729 shares during the period. Beacon Capital Management LLC increased its holdings in shares of Regions Financial by 1,099.7% in the fourth quarter. Beacon Capital Management LLC now owns 139,665 shares of the bank's stock worth $3,285,000 after purchasing an additional 128,023 shares during the period. Finally, LPL Financial LLC increased its holdings in shares of Regions Financial by 4.0% in the fourth quarter. LPL Financial LLC now owns 939,376 shares of the bank's stock worth $22,094,000 after purchasing an additional 36,438 shares during the period. Institutional investors own 79.39% of the company's stock.

About Regions Financial

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.

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