Wells Fargo & Company Boosts Regions Financial (NYSE:RF) Price Target to $28.00

Regions Financial (NYSE:RF) had its target price upped by Wells Fargo & Company from $24.00 to $28.00 in a research report released on Friday morning,Benzinga reports. Wells Fargo & Company currently has an equal weight rating on the bank’s stock.

Several other analysts also recently commented on the stock. Royal Bank of Canada increased their target price on shares of Regions Financial from $21.00 to $23.00 and gave the company an “outperform” rating in a report on Monday, July 22nd. Stephens raised shares of Regions Financial from an “equal weight” rating to an “overweight” rating and set a $26.00 target price on the stock in a research report on Tuesday, October 29th. Citigroup boosted their target price on Regions Financial from $25.00 to $26.00 and gave the stock a “buy” rating in a research note on Thursday, September 19th. Argus raised Regions Financial from a “hold” rating to a “buy” rating and set a $26.00 price target for the company in a research report on Thursday, October 24th. Finally, StockNews.com upgraded Regions Financial from a “sell” rating to a “hold” rating in a research note on Friday, October 25th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and eleven have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $26.18.

Regions Financial Trading Down 0.1 %

RF opened at $26.33 on Friday. The firm has a market capitalization of $23.93 billion, a PE ratio of 14.89, a P/E/G ratio of 2.76 and a beta of 1.16. The company has a debt-to-equity ratio of 0.35, a current ratio of 0.84 and a quick ratio of 0.83. Regions Financial has a fifty-two week low of $15.79 and a fifty-two week high of $26.73. The company’s 50-day moving average is $23.61 and its 200 day moving average is $21.61.

Regions Financial (NYSE:RF) last posted its earnings results on Friday, October 18th. The bank reported $0.49 earnings per share for the quarter, missing analysts’ consensus estimates of $0.53 by ($0.04). Regions Financial had a net margin of 18.78% and a return on equity of 12.60%. The company had revenue of $1.79 billion during the quarter, compared to the consensus estimate of $1.80 billion. During the same quarter in the prior year, the business earned $0.49 EPS. The firm’s revenue for the quarter was down 3.7% compared to the same quarter last year. As a group, research analysts predict that Regions Financial will post 2.1 earnings per share for the current fiscal year.

Regions Financial Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, January 2nd. Investors of record on Monday, December 2nd will be issued a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 3.80%. The ex-dividend date is Monday, December 2nd. Regions Financial’s dividend payout ratio (DPR) is presently 56.50%.

Institutional Investors Weigh In On Regions Financial

Hedge funds and other institutional investors have recently bought and sold shares of the business. EntryPoint Capital LLC purchased a new stake in shares of Regions Financial in the first quarter worth about $26,000. American National Bank & Trust lifted its stake in Regions Financial by 1,856.7% in the 3rd quarter. American National Bank & Trust now owns 1,174 shares of the bank’s stock worth $27,000 after purchasing an additional 1,114 shares in the last quarter. Quarry LP boosted its holdings in Regions Financial by 157.2% in the 2nd 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 period. Whittier Trust Co. of Nevada Inc. grew its position in shares of Regions Financial by 530.0% during the 2nd quarter. Whittier Trust Co. of Nevada Inc. now owns 1,493 shares of the bank’s stock valued at $30,000 after purchasing an additional 1,256 shares in the last quarter. Finally, Innealta Capital LLC bought a new position in shares of Regions Financial in the second quarter worth $32,000. Institutional investors own 79.39% of the company’s stock.

Regions Financial Company Profile

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.