Regions Financial (NYSE:RF) Upgraded at StockNews.com

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

Several other brokerages also recently issued reports on RF. Truist Financial lifted their target price on Regions Financial from $25.00 to $26.00 and gave the company a "hold" rating in a research note on Monday. Morgan Stanley increased their price target on Regions Financial from $25.00 to $28.00 and gave the company an "overweight" rating in a research note on Tuesday, July 30th. Evercore ISI lifted their price objective on Regions Financial from $24.50 to $26.00 and gave the stock an "in-line" rating in a research note on Wednesday, October 2nd. Wedbush increased their target price on Regions Financial from $28.00 to $30.00 and gave the company an "outperform" rating in a research report on Monday. Finally, Wells Fargo & Company boosted their price target on shares of Regions Financial from $22.00 to $24.00 and gave the stock an "equal weight" rating in a research report on Monday. One research analyst has rated the stock with a sell rating, ten have given a hold rating and nine have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus target price of $24.35.

Regions Financial Stock Performance

NYSE:RF traded down $0.26 during mid-day trading on Friday, hitting $23.50. 7,022,663 shares of the company traded hands, compared to its average volume of 7,939,769. The stock's fifty day moving average price is $22.91 and its 200-day moving average price is $21.00. The company has a quick ratio of 0.83, a current ratio of 0.83 and a debt-to-equity ratio of 0.33. Regions Financial has a one year low of $13.95 and a one year high of $24.47. The firm has a market cap of $21.52 billion, a price-to-earnings ratio of 12.77, a price-to-earnings-growth ratio of 2.80 and a beta of 1.17.

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

Institutional Trading of Regions Financial

A number of hedge funds have recently added to or reduced their stakes in the business. American National Bank & Trust increased its holdings in shares of Regions Financial by 1,856.7% in the 3rd quarter. American National Bank & Trust now owns 1,174 shares of the bank's stock valued at $27,000 after acquiring an additional 1,114 shares during the period. EntryPoint Capital LLC purchased a new position in Regions Financial in the first quarter valued at about $26,000. Quarry LP grew its stake in Regions Financial by 157.2% in the second quarter. Quarry LP now owns 1,335 shares of the bank's stock valued at $27,000 after purchasing an additional 816 shares during the last quarter. MV Capital Management Inc. raised its holdings in 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 in the last quarter. Finally, Whittier Trust Co. of Nevada Inc. lifted its position in shares of Regions Financial by 530.0% during the second quarter. Whittier Trust Co. of Nevada Inc. now owns 1,493 shares of the bank's stock valued at $30,000 after buying an additional 1,256 shares during the last quarter. 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.