Regions Financial (NYSE:RF) Downgraded by StockNews.com to Sell

Regions Financial (NYSE:RF) was downgraded by stock analysts at StockNews.com from a “hold” rating to a “sell” rating in a research report issued to clients and investors on Friday.

A number of other equities analysts have also weighed in on RF. Keefe, Bruyette & Woods lifted their price target on shares of Regions Financial from $21.00 to $22.00 and gave the company a “market perform” rating in a report on Friday, April 5th. Truist Financial decreased their price target on shares of Regions Financial from $22.00 to $20.00 and set a “hold” rating on the stock in a report on Monday, April 22nd. Jefferies Financial Group lifted their price target on shares of Regions Financial from $22.00 to $24.00 and gave the company a “buy” rating in a report on Wednesday. Piper Sandler lifted their target price on shares of Regions Financial from $20.00 to $21.00 and gave the company a “neutral” rating in a report on Friday, April 26th. Finally, Citigroup upgraded shares of Regions Financial from a “neutral” rating to a “buy” rating and lifted their target price for the company from $20.00 to $23.00 in a report on Monday, March 18th. Two equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and six have issued a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $20.39.

Regions Financial Stock Down 1.0 %

RF stock opened at $19.89 on Friday. The stock has a market capitalization of $18.22 billion, a P/E ratio of 10.81, a PEG ratio of 2.19 and a beta of 1.18. The company has a 50 day moving average price of $19.33 and a two-hundred day moving average price of $19.19. Regions Financial has a one year low of $13.72 and a one year high of $21.08. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.82 and a current ratio of 0.83.

Regions Financial (NYSE:RF) last announced its quarterly earnings results on Friday, April 19th. The bank reported $0.37 earnings per share for the quarter, missing analysts’ consensus estimates of $0.45 by ($0.08). The company had revenue of $1.75 billion during the quarter, compared to analyst estimates of $1.75 billion. Regions Financial had a net margin of 19.75% and a return on equity of 13.28%. The firm’s revenue for the quarter was down 10.5% compared to the same quarter last year. During the same quarter last year, the business earned $0.62 EPS. As a group, sell-side analysts expect that Regions Financial will post 1.96 EPS for the current year.

Insider Transactions at Regions Financial

In related news, Director William C. Rhodes III purchased 50,000 shares of Regions Financial stock in a transaction dated Tuesday, April 23rd. The stock was bought at an average cost of $19.37 per share, with a total value of $968,500.00. Following the purchase, the director now owns 50,000 shares in the company, valued at approximately $968,500. The acquisition was disclosed in a document filed with the SEC, which is available through this link. In related news, EVP William D. Ritter sold 23,000 shares of the stock in a transaction that occurred on Friday, May 3rd. The shares were sold at an average price of $19.95, for a total transaction of $458,850.00. Following the completion of the sale, the executive vice president now directly owns 41,671 shares of the company’s stock, valued at $831,336.45. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director William C. Rhodes III purchased 50,000 shares of the business’s stock in a transaction dated Tuesday, April 23rd. The shares were purchased at an average price of $19.37 per share, for a total transaction of $968,500.00. Following the acquisition, the director now directly owns 50,000 shares of the company’s stock, valued at $968,500. The disclosure for this purchase can be found here. Company insiders own 0.33% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. increased its stake in Regions Financial by 2.7% in the 4th quarter. Vanguard Group Inc. now owns 117,704,755 shares of the bank’s stock valued at $2,281,118,000 after buying an additional 3,119,237 shares during the period. Wellington Management Group LLP increased its stake in Regions Financial by 3.6% in the 4th quarter. Wellington Management Group LLP now owns 55,775,416 shares of the bank’s stock valued at $1,080,928,000 after buying an additional 1,951,026 shares during the period. Norges Bank acquired a new position in Regions Financial in the 4th quarter valued at approximately $210,379,000. Allspring Global Investments Holdings LLC increased its stake in Regions Financial by 1.4% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 7,707,381 shares of the bank’s stock valued at $162,163,000 after buying an additional 103,529 shares during the period. Finally, Ameriprise Financial Inc. increased its stake in shares of Regions Financial by 0.8% during the 3rd quarter. Ameriprise Financial Inc. now owns 5,541,154 shares of the bank’s stock worth $95,371,000 after purchasing an additional 44,882 shares during the last quarter. Institutional investors and hedge funds 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.