Regions Financial Co. (NYSE:RF) Receives $22.86 Average Target Price from Analysts

Regions Financial Co. (NYSE:RF) has earned an average recommendation of “Hold” from the nineteen analysts that are currently covering the stock, MarketBeat.com reports. One research analyst has rated the stock with a sell recommendation, eleven have assigned a hold recommendation and seven have assigned a buy recommendation to the company. The average twelve-month price objective among brokers that have covered the stock in the last year is $23.64.

RF has been the subject of several analyst reports. Wedbush upped their price target on Regions Financial from $28.00 to $30.00 and gave the stock an “outperform” rating in a research note on Monday. The Goldman Sachs Group raised their target price on shares of Regions Financial from $25.00 to $28.00 and gave the stock a “buy” rating in a research note on Monday, October 7th. Barclays increased their price target on shares of Regions Financial from $22.00 to $25.00 and gave the stock an “underweight” rating in a report on Monday. Evercore ISI raised their price objective on shares of Regions Financial from $24.50 to $26.00 and gave the company an “in-line” rating in a research report on Wednesday, October 2nd. Finally, Truist Financial boosted their target price on Regions Financial from $25.00 to $26.00 and gave the stock a “hold” rating in a research report on Monday.

Institutional Investors Weigh In On Regions Financial

Hedge funds and other institutional investors have recently modified their holdings of the company. B. Riley Wealth Advisors Inc. grew its position in shares of Regions Financial by 8.6% in the fourth quarter. B. Riley Wealth Advisors Inc. now owns 17,642 shares of the bank’s stock valued at $346,000 after purchasing an additional 1,401 shares during the period. Quadrature Capital Ltd grew its holdings in Regions Financial by 8.2% in the 4th quarter. Quadrature Capital Ltd now owns 15,806 shares of the bank’s stock valued at $306,000 after buying an additional 1,196 shares during the period. Mather Group LLC. acquired a new position in shares of Regions Financial during the 1st quarter valued at about $48,000. Park Avenue Securities LLC lifted its holdings in shares of Regions Financial by 22.7% during the 1st quarter. Park Avenue Securities LLC now owns 57,032 shares of the bank’s stock worth $1,200,000 after acquiring an additional 10,561 shares during the period. Finally, RFG Advisory LLC lifted its holdings in shares of Regions Financial by 6.5% during the 1st quarter. RFG Advisory LLC now owns 55,882 shares of the bank’s stock worth $1,176,000 after acquiring an additional 3,391 shares during the period. 79.39% of the stock is currently owned by hedge funds and other institutional investors.

Regions Financial Price Performance

RF stock opened at $23.64 on Friday. The business has a 50 day simple moving average of $22.76 and a 200-day simple moving average of $20.94. The company has a market capitalization of $21.65 billion, a P/E ratio of 12.85, a PEG ratio of 2.80 and a beta of 1.17. Regions Financial has a twelve month low of $13.72 and a twelve month high of $24.47. The company has a current ratio of 0.83, a quick ratio of 0.83 and a debt-to-equity ratio of 0.33.

Regions Financial (NYSE:RF) last posted its quarterly earnings data on Friday, October 18th. The bank reported $0.49 EPS for the quarter, missing analysts’ consensus estimates of $0.53 by ($0.04). The business had revenue of $1.79 billion during the quarter, compared to analyst estimates of $1.80 billion. Regions Financial had a net margin of 18.91% and a return on equity of 12.64%. The company’s revenue for the quarter was down 3.7% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.49 earnings per share. As a group, equities analysts anticipate that Regions Financial will post 2.02 EPS for the current year.

Regions Financial Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, January 2nd. Investors of record on Monday, December 2nd will be given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 4.23%. The ex-dividend date of this dividend is Monday, December 2nd. Regions Financial’s dividend payout ratio is presently 54.35%.

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.