Regions Financial (NYSE:RF) Stock Rating Lowered by StockNews.com

Regions Financial (NYSE:RF - Get Free Report) was downgraded by stock analysts at StockNews.com from a "hold" rating to a "sell" rating in a note issued to investors on Friday.

Other equities analysts have also recently issued reports about the company. Piper Sandler increased their price target on Regions Financial from $20.00 to $21.00 and gave the company a "neutral" rating in a report on Friday, April 26th. Wells Fargo & Company increased their price target on Regions Financial from $18.00 to $22.00 and gave the company an "equal weight" rating in a report on Monday, July 22nd. Truist Financial increased their price target on Regions Financial from $21.00 to $23.00 and gave the company a "hold" rating in a report on Monday, July 22nd. Morgan Stanley increased their price target on Regions Financial from $25.00 to $28.00 and gave the company an "overweight" rating in a report on Tuesday, July 30th. Finally, Evercore ISI lowered their price target on Regions Financial from $22.00 to $21.00 and set an "in-line" rating on the stock in a report on Tuesday, June 25th. Two equities research analysts have rated the stock with a sell rating, twelve have issued a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and an average price target of $21.51.

Regions Financial Stock Up 2.9 %

Shares of RF stock traded up $0.65 during midday trading on Friday, reaching $22.81. 10,019,564 shares of the stock were exchanged, compared to its average volume of 8,055,935. Regions Financial has a 1 year low of $13.72 and a 1 year high of $22.99. The company's 50 day moving average is $20.83 and its two-hundred day moving average is $19.81. The company has a current ratio of 0.83, a quick ratio of 0.83 and a debt-to-equity ratio of 0.33. The firm has a market cap of $20.89 billion, a PE ratio of 12.40, a price-to-earnings-growth ratio of 2.77 and a beta of 1.18.

Regions Financial (NYSE:RF - Get Free Report) last issued its quarterly earnings results on Friday, July 19th. The bank reported $0.52 EPS for the quarter, topping analysts' consensus estimates of $0.49 by $0.03. Regions Financial had a return on equity of 12.64% and a net margin of 18.91%. The firm had revenue of $1.73 billion for the quarter, compared to analysts' expectations of $1.76 billion. During the same period in the previous year, the firm posted $0.59 EPS. The business's revenue for the quarter was down 11.5% compared to the same quarter last year. On average, equities research analysts predict that Regions Financial will post 2 EPS for the current year.

Institutional Trading of Regions Financial

Large investors have recently added to or reduced their stakes in the company. EntryPoint Capital LLC purchased a new stake in Regions Financial in the first quarter worth $26,000. Quarry LP grew its holdings in shares of Regions Financial by 157.2% in the second quarter. Quarry LP now owns 1,335 shares of the bank's stock worth $27,000 after purchasing an additional 816 shares during the last quarter. Laurel Wealth Advisors LLC grew its holdings in shares of Regions Financial by 86.5% in the fourth quarter. Laurel Wealth Advisors LLC now owns 1,399 shares of the bank's stock worth $27,000 after purchasing an additional 649 shares during the last quarter. MV Capital Management Inc. grew its holdings in shares of Regions Financial by 75.6% in the first quarter. MV Capital Management Inc. now owns 1,435 shares of the bank's stock worth $30,000 after purchasing an additional 618 shares during the last quarter. Finally, ICA Group Wealth Management LLC bought a new position in shares of Regions Financial in the fourth quarter worth about $28,000. 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.

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