Regions Financial (NYSE:RF) Upgraded at Argus

Regions Financial (NYSE:RF - Get Free Report) was upgraded by research analysts at Argus from a "hold" rating to a "buy" rating in a report issued on Thursday, Marketbeat reports. The firm currently has a $26.00 price objective on the bank's stock. Argus' price target indicates a potential upside of 9.43% from the stock's current price.

A number of other research firms have also recently weighed in on RF. The Goldman Sachs Group increased their price target on Regions Financial from $25.00 to $28.00 and gave the company a "buy" rating in a research note on Monday, October 7th. Barclays upped their target price on Regions Financial from $22.00 to $25.00 and gave the company an "underweight" rating in a research report on Monday. Royal Bank of Canada upped their price objective on Regions Financial from $21.00 to $23.00 and gave the company an "outperform" rating in a report on Monday, July 22nd. Deutsche Bank Aktiengesellschaft raised Regions Financial from a "hold" rating to a "buy" rating and lifted their target price for the stock from $24.00 to $26.00 in a report on Thursday. Finally, Bank of America boosted their price target on Regions Financial from $22.00 to $25.00 and gave the company a "neutral" rating in a research note on Monday, July 22nd. Two research analysts have rated the stock with a sell rating, ten have assigned a hold rating and nine have assigned a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus price target of $23.88.

Regions Financial Stock Up 0.5 %

RF stock traded up $0.12 during mid-day trading on Thursday, reaching $23.76. The company had a trading volume of 8,950,426 shares, compared to its average volume of 7,943,354. The company has a market capitalization of $21.76 billion, a price-to-earnings ratio of 12.86, a PEG ratio of 2.80 and a beta of 1.17. Regions Financial has a 52 week low of $13.72 and a 52 week high of $24.47. The stock has a 50 day simple moving average of $22.81 and a two-hundred day simple moving average of $20.96. The company has a debt-to-equity ratio of 0.33, a current ratio of 0.83 and a quick ratio of 0.83.

Regions Financial (NYSE:RF - Get Free Report) last issued its earnings results on Friday, October 18th. The bank reported $0.49 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.53 by ($0.04). The firm had revenue of $1.79 billion during the quarter, compared to the consensus estimate of $1.80 billion. Regions Financial had a net margin of 18.91% and a return on equity of 12.64%. The firm's revenue for the quarter was down 3.7% compared to the same quarter last year. During the same period in the previous year, the company posted $0.49 earnings per share. As a group, equities analysts predict that Regions Financial will post 2.02 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Regions Financial

Institutional investors and hedge funds have recently bought and sold shares of the stock. Signet Financial Management LLC grew its position in Regions Financial by 4.9% in the 1st quarter. Signet Financial Management LLC now owns 12,438 shares of the bank's stock worth $262,000 after purchasing an additional 584 shares in the last quarter. Register Financial Advisors LLC bought a new position in shares of Regions Financial in the first quarter valued at approximately $46,000. Grimes & Company Inc. lifted its holdings in Regions Financial by 65.2% during the first quarter. Grimes & Company Inc. now owns 1,009,593 shares of the bank's stock worth $21,242,000 after acquiring an additional 398,597 shares during the period. Woodmont Investment Counsel LLC purchased a new position in Regions Financial in the first quarter worth $200,000. Finally, MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH bought a new position in Regions Financial in the 1st quarter valued at $33,829,000. 79.39% of the stock is owned by hedge funds and other institutional investors.

About Regions Financial

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.