Regions Financial (NYSE:RF) Stock Rating Lowered by Wall Street Zen

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

Several other equities analysts have also commented on the company. Barclays dropped their target price on Regions Financial from $26.00 to $24.00 and set an "underweight" rating on the stock in a report on Monday, April 21st. Truist Financial reaffirmed a "hold" rating on shares of Regions Financial in a report on Friday, May 23rd. Cowen began coverage on shares of Regions Financial in a report on Wednesday, May 14th. They issued a "buy" rating for the company. The Goldman Sachs Group dropped their price objective on shares of Regions Financial from $28.00 to $25.00 and set a "buy" rating for the company in a research note on Tuesday, April 22nd. Finally, TD Cowen initiated coverage on shares of Regions Financial in a research note on Thursday, May 15th. They issued a "buy" rating and a $31.00 target price for the company. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating and twelve have issued a buy rating to the company. According to MarketBeat, the stock has a consensus rating of "Hold" and an average price target of $25.80.

Regions Financial Stock Performance

Shares of NYSE RF traded up $0.05 during trading on Friday, reaching $23.40. 10,748,886 shares of the company traded hands, compared to its average volume of 8,375,307. The company has a current ratio of 0.84, a quick ratio of 0.83 and a debt-to-equity ratio of 0.36. Regions Financial has a 12-month low of $17.74 and a 12-month high of $27.96. The firm's fifty day simple moving average is $21.56 and its 200 day simple moving average is $22.38. The stock has a market cap of $21.03 billion, a P/E ratio of 11.25, a PEG ratio of 1.85 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 earnings per share for the quarter, topping the consensus estimate of $0.51 by $0.03. Regions Financial had a return on equity of 13.04% and a net margin of 21.43%. The business had revenue of $1.81 billion for the quarter, compared to analysts' expectations of $1.84 billion. During the same period in the previous year, the firm posted $0.37 EPS. As a group, research analysts anticipate that Regions Financial will post 2.26 earnings per share for the current fiscal year.

Institutional Trading of Regions Financial

Several large investors have recently made changes to their positions in the company. IFP Advisors Inc grew its position in shares of Regions Financial by 25.2% during the 4th quarter. IFP Advisors Inc now owns 10,529 shares of the bank's stock valued at $248,000 after purchasing an additional 2,119 shares in the last quarter. Lake Street Advisors Group LLC grew its position in shares of Regions Financial by 2.3% during the 4th quarter. Lake Street Advisors Group LLC now owns 19,173 shares of the bank's stock valued at $456,000 after purchasing an additional 436 shares in the last quarter. Mn Services Vermogensbeheer B.V. grew its position in shares of Regions Financial by 1.7% during the 4th quarter. Mn Services Vermogensbeheer B.V. now owns 362,605 shares of the bank's stock valued at $8,528,000 after purchasing an additional 6,000 shares in the last quarter. Kovack Advisors Inc. purchased a new position in shares of Regions Financial during the 4th quarter valued at $205,000. Finally, Proficio Capital Partners LLC purchased a new position in shares of Regions Financial during the 4th quarter valued at $2,393,000. 79.39% of the stock is currently owned by institutional investors and hedge funds.

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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