Several analysts have recently updated their ratings and price targets for Regions Financial (NYSE: RF):
- 9/20/2024 – Regions Financial had its price target raised by analysts at Truist Financial Co. from $23.00 to $25.00. They now have a “hold” rating on the stock.
- 9/19/2024 – Regions Financial had its price target raised by analysts at Citigroup Inc. from $25.00 to $26.00. They now have a “buy” rating on the stock.
- 9/12/2024 – Regions Financial was upgraded by analysts at StockNews.com from a “sell” rating to a “hold” rating.
- 9/3/2024 – Regions Financial was downgraded by analysts at StockNews.com from a “hold” rating to a “sell” rating.
- 8/23/2024 – Regions Financial was downgraded by analysts at StockNews.com from a “hold” rating to a “sell” rating.
- 7/30/2024 – Regions Financial had its price target raised by analysts at Morgan Stanley from $25.00 to $28.00. They now have an “overweight” rating on the stock.
Regions Financial Price Performance
Shares of NYSE:RF opened at $23.11 on Monday. The firm has a market cap of $21.16 billion, a price-to-earnings ratio of 12.56, a P/E/G ratio of 2.82 and a beta of 1.17. The firm has a fifty day moving average price of $22.08 and a 200 day moving average price of $20.43. Regions Financial Co. has a fifty-two week low of $13.72 and a fifty-two week high of $23.47. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.83 and a current ratio of 0.83.
Regions Financial (NYSE:RF – Get Free Report) last posted its earnings results on Friday, July 19th. The bank reported $0.52 EPS for the quarter, beating 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 during the quarter, compared to the consensus estimate of $1.76 billion. During the same period in the prior year, the company earned $0.59 EPS. The company’s quarterly revenue was down 11.5% compared to the same quarter last year. As a group, sell-side analysts expect that Regions Financial Co. will post 2 earnings per share for the current fiscal year.
Regions Financial Increases Dividend
Institutional Investors Weigh In On Regions Financial
Hedge funds have recently made changes to their positions in the company. Janney Montgomery Scott LLC purchased a new position in Regions Financial during the fourth quarter valued at approximately $2,047,000. Corient Private Wealth LLC boosted its position in Regions Financial by 0.8% during the 4th quarter. Corient Private Wealth LLC now owns 102,438 shares of the bank’s stock valued at $1,985,000 after acquiring an additional 821 shares in the last quarter. Assetmark Inc. increased its holdings in shares of Regions Financial by 31.2% in the 4th quarter. Assetmark Inc. now owns 12,006 shares of the bank’s stock valued at $233,000 after acquiring an additional 2,854 shares during the period. Franklin Resources Inc. lifted its stake in shares of Regions Financial by 6.3% during the 4th quarter. Franklin Resources Inc. now owns 480,090 shares of the bank’s stock worth $9,304,000 after purchasing an additional 28,584 shares during the last quarter. Finally, Cambridge Investment Research Advisors Inc. boosted its position in Regions Financial by 8.2% during the fourth quarter. Cambridge Investment Research Advisors Inc. now owns 135,235 shares of the bank’s stock valued at $2,621,000 after purchasing an additional 10,269 shares in the last quarter. 79.39% of the stock is currently owned by hedge funds and other institutional investors.
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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