Regions Financial (NYSE:RF) Upgraded at Deutsche Bank Aktiengesellschaft

Deutsche Bank Aktiengesellschaft upgraded shares of Regions Financial (NYSE:RF) from a hold rating to a buy rating in a research report released on Thursday, Marketbeat.com reports. They currently have $26.00 price target on the bank’s stock, up from their prior price target of $24.00.

Other equities research analysts have also issued reports about the stock. Bank of America boosted their target price on shares of Regions Financial from $22.00 to $25.00 and gave the company a “neutral” rating in a research note on Monday, July 22nd. Evercore ISI increased their target price on Regions Financial from $24.50 to $26.00 and gave the company an “in-line” rating in a report on Wednesday, October 2nd. Citigroup raised their target price on Regions Financial from $25.00 to $26.00 and gave the stock a “buy” rating in a research report on Thursday, September 19th. The Goldman Sachs Group increased their price objective on shares of Regions Financial from $25.00 to $28.00 and gave the stock a “buy” rating in a research note on Monday, October 7th. Finally, Morgan Stanley boosted their target price on shares of Regions Financial from $25.00 to $28.00 and gave the company an “overweight” rating in a research report on Tuesday, July 30th. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating and nine have issued a buy rating to the company’s stock. According to MarketBeat, Regions Financial presently has an average rating of “Hold” and a consensus price target of $24.35.

Regions Financial Stock Down 1.1 %

Regions Financial stock opened at $23.50 on Thursday. The firm has a market cap of $21.51 billion, a price-to-earnings ratio of 13.28, a PEG ratio of 2.54 and a beta of 1.17. The company has a current ratio of 0.84, a quick ratio of 0.83 and a debt-to-equity ratio of 0.35. Regions Financial has a 12 month low of $13.95 and a 12 month high of $24.47. The stock has a fifty day simple moving average of $22.91 and a two-hundred day simple moving average of $21.00.

Regions Financial (NYSE:RF) last posted its earnings results on Friday, October 18th. The bank reported $0.49 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.53 by ($0.04). Regions Financial had a net margin of 18.78% and a return on equity of 12.60%. The company had revenue of $1.79 billion for the quarter, compared to the consensus estimate of $1.80 billion. During the same quarter in the prior year, the company posted $0.49 EPS. Regions Financial’s revenue was down 3.7% on a year-over-year basis. Equities analysts predict that Regions Financial will post 2.05 EPS for the current fiscal year.

Regions Financial Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, January 2nd. Investors of record on Monday, December 2nd will be paid a dividend of $0.25 per share. The ex-dividend date of this dividend is Monday, December 2nd. This represents a $1.00 annualized dividend and a yield of 4.26%. Regions Financial’s payout ratio is 56.50%.

Institutional Trading of Regions Financial

Several hedge funds have recently bought and sold shares of RF. EntryPoint Capital LLC bought a new stake in shares of Regions Financial in the first quarter worth about $26,000. American National Bank & Trust grew its holdings in Regions Financial by 1,856.7% during the 3rd quarter. American National Bank & Trust now owns 1,174 shares of the bank’s stock valued at $27,000 after buying an additional 1,114 shares in the last quarter. Quarry LP increased its stake in Regions Financial by 157.2% in the 2nd quarter. Quarry LP now owns 1,335 shares of the bank’s stock worth $27,000 after acquiring an additional 816 shares during the last quarter. MV Capital Management Inc. raised its holdings in shares of Regions Financial by 75.6% during the 1st quarter. MV Capital Management Inc. now owns 1,435 shares of the bank’s stock worth $30,000 after acquiring an additional 618 shares in the last quarter. Finally, Whittier Trust Co. of Nevada Inc. boosted its position in shares of Regions Financial by 530.0% during the 2nd quarter. Whittier Trust Co. of Nevada Inc. now owns 1,493 shares of the bank’s stock valued at $30,000 after acquiring an additional 1,256 shares during the last quarter. Hedge funds and other 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.