Analysts at Wolfe Research initiated coverage on shares of Regions Financial (NYSE:RF) in a research note issued on Friday, The Fly reports. The brokerage set an “outperform” rating on the bank’s stock.

A number of other equities analysts have also recently weighed in on the company. Royal Bank of Canada restated a “buy” rating and issued a $13.00 price target on shares of Regions Financial in a report on Monday, July 20th. Jefferies Financial Group reaffirmed a “buy” rating and set a $11.00 target price on shares of Regions Financial in a report on Thursday, May 21st. Nomura Securities lowered their target price on Regions Financial from $17.00 to $9.00 and set a “neutral” rating on the stock in a report on Tuesday, April 7th. Compass Point lowered their target price on Regions Financial from $11.00 to $10.50 and set a “neutral” rating on the stock in a report on Wednesday, May 13th. Finally, ValuEngine raised Regions Financial from a “sell” rating to a “hold” rating in a report on Monday, July 20th. Ten equities research analysts have rated the stock with a hold rating, eight have given a buy rating and two have assigned a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average target price of $13.34.

RF opened at $10.86 on Friday. The firm has a 50 day moving average price of $11.02 and a 200 day moving average price of $11.92. The company has a market cap of $10.42 billion, a PE ratio of 16.45, a price-to-earnings-growth ratio of 3.49 and a beta of 1.69. Regions Financial has a 1 year low of $6.94 and a 1 year high of $17.54. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.87 and a current ratio of 0.88.

Regions Financial (NYSE:RF) last posted its earnings results on Friday, July 17th. The bank reported ($0.25) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.07 by ($0.32). The business had revenue of $1.55 billion for the quarter, compared to analyst estimates of $1.45 billion. Regions Financial had a return on equity of 5.10% and a net margin of 11.32%. During the same period last year, the company posted $0.37 EPS. On average, sell-side analysts predict that Regions Financial will post 0.53 earnings per share for the current year.

In other Regions Financial news, Director Jose S. Suquet bought 5,000 shares of the stock in a transaction on Friday, May 8th. The shares were acquired at an average price of $10.21 per share, with a total value of $51,050.00. Following the acquisition, the director now directly owns 41,527 shares of the company’s stock, valued at approximately $423,990.67. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, Director Jose S. Suquet bought 10,000 shares of the stock in a transaction on Monday, May 11th. The shares were acquired at an average cost of $9.88 per share, for a total transaction of $98,800.00. Following the acquisition, the director now directly owns 41,527 shares in the company, valued at $410,286.76. The disclosure for this purchase can be found here. 0.47% of the stock is currently owned by corporate insiders.

A number of hedge funds have recently modified their holdings of the business. Capital World Investors purchased a new position in shares of Regions Financial during the 1st quarter worth $288,941,000. JPMorgan Chase & Co. increased its stake in Regions Financial by 309.9% during the 1st quarter. JPMorgan Chase & Co. now owns 19,757,041 shares of the bank’s stock valued at $177,221,000 after purchasing an additional 14,936,752 shares in the last quarter. Norges Bank acquired a new position in Regions Financial during the 4th quarter valued at approximately $183,638,000. Wellington Management Group LLP increased its stake in shares of Regions Financial by 4,630.9% in the first quarter. Wellington Management Group LLP now owns 6,559,059 shares of the bank’s stock worth $58,835,000 after acquiring an additional 6,420,417 shares during the period. Finally, Prudential PLC increased its stake in shares of Regions Financial by 16,496.9% in the first quarter. Prudential PLC now owns 5,663,522 shares of the bank’s stock worth $50,802,000 after acquiring an additional 5,629,398 shares during the period. 73.03% of the stock is currently owned by institutional investors and hedge funds.

About Regions Financial

Regions Financial Corporation, a financial holding company, provides banking and bank-related services to individual and corporate customers in the United States. 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 services; corresponding deposit products; and securities underwriting and placement, loan syndication and placement, foreign exchange, derivatives, merger and acquisition, and other advisory services.

Read More: Why do companies issue stock splits?

The Fly

Analyst Recommendations for Regions Financial (NYSE:RF)

Receive News & Ratings for Regions Financial Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Regions Financial and related companies with MarketBeat.com's FREE daily email newsletter.