Robert W. Baird Reiterates Sell Rating for Regions Financial (NYSE:RF)
Regions Financial (NYSE:RF)‘s stock had its “sell” rating reaffirmed by investment analysts at Robert W. Baird in a research note issued on Wednesday, January 3rd. They presently have a $17.00 price objective on the bank’s stock. Robert W. Baird’s price objective indicates a potential downside of 11.73% from the stock’s current price.
Several other equities research analysts also recently commented on RF. Royal Bank of Canada reaffirmed a “hold” rating and set a $16.00 target price on shares of Regions Financial in a report on Wednesday, October 25th. Piper Jaffray Companies reaffirmed a “hold” rating and issued a $14.50 target price on shares of Regions Financial in a research report on Tuesday, September 19th. SunTrust Banks reissued a “buy” rating and set a $19.00 price objective on shares of Regions Financial in a report on Wednesday, November 29th. UBS Group raised Regions Financial from a “sell” rating to a “neutral” rating and increased their price objective for the company from $15.00 to $18.00 in a report on Tuesday, December 12th. Finally, Nomura restated a “neutral” rating and set a $17.00 target price (up previously from $16.00) on shares of Regions Financial in a research note on Thursday, October 26th. Three research analysts have rated the stock with a sell rating, seventeen have given a hold rating, four have given a buy rating and two have issued a strong buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus price target of $17.05.
Regions Financial (NYSE:RF) opened at $19.26 on Wednesday. Regions Financial has a 52-week low of $13.00 and a 52-week high of $19.60. The company has a market capitalization of $21,976.92, a P/E ratio of 19.26, a P/E/G ratio of 1.13 and a beta of 1.30. The company has a current ratio of 0.86, a quick ratio of 0.86 and a debt-to-equity ratio of 0.53.
In other Regions Financial news, EVP Scott M. Peters sold 25,627 shares of the business’s stock in a transaction that occurred on Wednesday, January 24th. The stock was sold at an average price of $19.50, for a total transaction of $499,726.50. Following the transaction, the executive vice president now owns 240,796 shares of the company’s stock, valued at $4,695,522. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, EVP John B. Owen sold 40,000 shares of the business’s stock in a transaction that occurred on Tuesday, November 7th. The stock was sold at an average price of $15.67, for a total value of $626,800.00. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 80,627 shares of company stock worth $1,382,127. Corporate insiders own 0.52% of the company’s stock.
Several institutional investors and hedge funds have recently made changes to their positions in the company. BB&T Securities LLC acquired a new stake in Regions Financial during the 2nd quarter worth about $177,000. Pacer Advisors Inc. lifted its position in shares of Regions Financial by 8.3% during the 2nd quarter. Pacer Advisors Inc. now owns 25,243 shares of the bank’s stock worth $370,000 after buying an additional 1,939 shares in the last quarter. Meiji Yasuda Life Insurance Co purchased a new position in Regions Financial in the 2nd quarter valued at approximately $371,000. Calamos Advisors LLC lifted its holdings in shares of Regions Financial by 29.0% during the 2nd quarter. Calamos Advisors LLC now owns 263,718 shares of the bank’s stock worth $3,861,000 after acquiring an additional 59,327 shares during the last quarter. Finally, LSV Asset Management lifted its holdings in shares of Regions Financial by 1.1% during the 2nd quarter. LSV Asset Management now owns 27,572,058 shares of the bank’s stock worth $403,654,000 after acquiring an additional 295,476 shares during the last quarter. Institutional investors own 77.10% of the company’s stock.
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About Regions Financial
Regions Financial Corporation is a financial holding company. The Company conducts its banking operations through Regions Bank, an Alabama state-chartered commercial bank, which is a member of the Federal Reserve System. It operates in three segments: Corporate Bank, which represents its commercial banking functions, including commercial and industrial, commercial real estate and investor real estate lending; Consumer Bank, which represents its branch network, including consumer banking products and services related to residential first mortgages, home equity lines and loans, small business loans, indirect loans, consumer credit cards and other consumer loans, as well as the corresponding deposit relationships, and Wealth Management, which offers individuals, businesses, governmental institutions and non-profit entities a range of solutions to enable transfer of wealth.
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