Regions Financial (NYSE:RF) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Regions Financial (NYSE:RF - Free Report) from a sell rating to a hold rating in a report issued on Saturday morning.

Other analysts have also recently issued reports about the company. Wells Fargo & Company cut their price objective on Regions Financial from $28.00 to $26.00 and set an "equal weight" rating for the company in a research report on Friday, March 28th. Cowen assumed coverage on Regions Financial in a research report on Wednesday, May 14th. They issued a "buy" rating for the company. Truist Financial reaffirmed a "hold" rating on shares of Regions Financial in a research report on Friday, May 23rd. Barclays cut their price objective on Regions Financial from $26.00 to $24.00 and set an "underweight" rating for the company in a research report on Monday, April 21st. Finally, Keefe, Bruyette & Woods cut their price objective on Regions Financial from $28.00 to $26.00 and set an "outperform" rating for the company in a research report on Monday, April 21st. One research analyst has rated the stock with a sell rating, nine have given a hold rating and twelve have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $26.15.

Regions Financial Stock Up 0.5%

NYSE RF traded up $0.13 during trading hours on Friday, hitting $24.68. 4,691,570 shares of the company traded hands, compared to its average volume of 8,375,667. The business's 50-day moving average is $22.00 and its 200-day moving average is $22.36. Regions Financial has a twelve month low of $17.74 and a twelve month high of $27.96. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.83 and a current ratio of 0.84. The stock has a market capitalization of $22.19 billion, a price-to-earnings ratio of 11.87, a P/E/G ratio of 1.97 and a beta of 0.98.

Regions Financial (NYSE:RF - Get Free Report) last issued its quarterly 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. Regions Financial had a return on equity of 13.04% and a net margin of 21.43%. The firm had revenue of $1.81 billion during the quarter, compared to analysts' expectations of $1.84 billion. During the same period in the prior year, the firm posted $0.37 earnings per share. Sell-side analysts anticipate that Regions Financial will post 2.26 earnings per share for the current year.

Regions Financial Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, July 1st. Stockholders of record on Friday, May 2nd were paid a dividend of $0.25 per share. The ex-dividend date of this dividend was Monday, June 2nd. This represents a $1.00 dividend on an annualized basis and a dividend yield of 4.05%. Regions Financial's dividend payout ratio (DPR) is currently 48.08%.

Hedge Funds Weigh In On Regions Financial

Hedge funds have recently added to or reduced their stakes in the stock. Bayforest Capital Ltd increased its stake in Regions Financial by 637.3% during the 1st quarter. Bayforest Capital Ltd now owns 1,224 shares of the bank's stock worth $27,000 after acquiring an additional 1,058 shares during the period. Picton Mahoney Asset Management increased its stake in Regions Financial by 2,354.9% during the 4th quarter. Picton Mahoney Asset Management now owns 1,252 shares of the bank's stock worth $29,000 after acquiring an additional 1,201 shares during the period. Millstone Evans Group LLC bought a new position in Regions Financial during the 4th quarter worth $32,000. Rossby Financial LCC bought a new position in Regions Financial during the 1st quarter worth $36,000. Finally, Grove Bank & Trust increased its stake in Regions Financial by 76.6% during the 1st quarter. Grove Bank & Trust now owns 1,876 shares of the bank's stock worth $41,000 after acquiring an additional 814 shares during the period. Institutional investors own 79.39% of the company's stock.

Regions Financial Company Profile

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.