Checking the Overall Picture for Regions Financial Corporation (RF)
- Author: Zachary Reyes Apr 21, 2017,
Apr 21, 2017, 2:20
The company presently has an average rating of "Buy" and an average target price of $32.20. Keefe Bruyette & Woods maintained it with "Market Perform" rating and $13 target in Thursday, October 22 report.
Amid volatile financial markets and the presidential election, various investment brokerages have made amendments to their price targets and ratings on shares of Hanmi Financial Corporation (NASDAQ:HAFC). One investment analyst has rated the stock with a sell rating, fourteen have assigned a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company's stock.
Hanmi Financial Corp (NASDAQ:HAFC) pays an annual dividend of $0.76 with a yield of 2.70%. Regions Financial Corp earned a daily sentiment score of 0.28 on Alpha One's scale. The company has a 50-day moving average price of $18.10 and a 200-day moving average price of $17.62. Regions Financial Corp has a 12 month low of $7.80 and a 12 month high of $16.03. The stock has a market cap of $3.02 billion, a price-to-earnings ratio of 18.66 and a beta of 1.10.
Regions Financial Corp (NYSE:RF) last posted its quarterly earnings data on Tuesday, April 18th.
On 1/26/2017 Hanmi Financial Corp announced a quarterly dividend of $0.19 2.24% with an ex dividend date of 2/3/2017 which will be payable on 2/23/2017. The Louisiana-based Louisiana State Employees Retirement System has invested 0.04% in Fulton Financial Corp (NASDAQ:FULT). Four analysts surveyed by Zacks expected $185.8 million. During the same period past year, the firm earned $0.22 EPS. The company earned $1.50 billion during the quarter, compared to analysts' expectations of $1.42 billion.
Analysts at FIG Partners cut their Q1 2017 earnings per share (EPS) estimates for Hanmi Financial Corp in a note issued to investors on Tuesday, according to Zacks Investment Research.
The firm also recently announced a quarterly dividend, which was paid on Friday, April 14th.
The stock decreased 1.06% or $0.3 on April 19, reaching $27.9. First American Financial Corp had a net margin of 6.15% and a return on equity of 12.08%. Fulton Financial Corp's dividend payout ratio is 43.01%.
Hanmi Financial Corporation had its "outperform" rating reiterated by analysts at FBR Capital Markets. If you are reading this report on another publication, it was stolen and republished in violation of US & worldwide copyright and trademark legislation. The stock of Chemtura Corp (NYSE:CHMT) has "Buy" rating given on Friday, October 30 by Seaport Global Securities.
In other news, insider Curtis J. Myers sold 9,285 shares of the stock in a transaction that occurred on Wednesday, January 25th. Tracking the stock price in relation to moving averages as well as highs and lows for the year might assist with evaluating future stock performance. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. The stock declined 0.15% or $0.05 reaching $33.5 per share. State Street Corp boosted its stake in shares of First American Financial Corp by 3.1% in the fourth quarter. Victory Capital Management Inc. now owns 8,838 shares of the bank's stock worth $128,000 after buying an additional 849 shares during the last quarter. Victory Capital Management Inc. raised its stake in shares of Fulton Financial Corp by 10.6% in the third quarter. Bank of Montreal Can now owns 12,971 shares of the bank's stock worth $231,000 after buying an additional 169 shares during the period. Capstone Asset Management Co. boosted its position in shares of Hanmi Financial Corp by 0.6% in the third quarter. The number of shares now owned by investors are 1.21 bln. Advisor Group Inc. raised its stake in shares of Fulton Financial Corp by 17.9% in the third quarter. Mutual of America Capital Management LLC now owns 104,833 shares of the bank's stock valued at $2,761,000 after buying an additional 507 shares during the period.
Hanmi Financial Corporation is the holding company for Hanmi Bank (the Bank). Piper Jaffray Companies lowered their price objective on shares of Hanmi Financial Corp from $34.00 to $32.00 and set a "neutral" rating for the company in a research report on Monday.