Analysts Set Regions Financial Co. (NYSE:RF) PT at $27.61

Shares of Regions Financial Co. (NYSE:RF) have been assigned a consensus recommendation of “Moderate Buy” from the eighteen research firms that are currently covering the stock, MarketBeat.com reports. One research analyst has rated the stock with a sell recommendation, six have given a hold recommendation and eleven have given a buy recommendation to the company. The average twelve-month price target among brokerages that have covered the stock in the last year is $27.61.

A number of analysts have recently weighed in on the company. DA Davidson increased their price target on Regions Financial from $27.00 to $29.00 and gave the stock a “buy” rating in a research report on Monday, October 21st. Argus raised shares of Regions Financial from a “hold” rating to a “buy” rating and set a $26.00 price target for the company in a report on Thursday, October 24th. Keefe, Bruyette & Woods upgraded shares of Regions Financial from a “market perform” rating to an “outperform” rating and upped their price target for the stock from $27.00 to $28.00 in a research report on Thursday, October 31st. Piper Sandler lifted their price objective on shares of Regions Financial from $25.00 to $29.00 and gave the company a “neutral” rating in a research report on Tuesday, December 3rd. Finally, Truist Financial upped their target price on shares of Regions Financial from $25.00 to $26.00 and gave the stock a “hold” rating in a research report on Monday, October 21st.

Institutional Investors Weigh In On Regions Financial

Institutional investors and hedge funds have recently modified their holdings of the stock. American National Bank & Trust raised its holdings in Regions Financial by 1,856.7% during the 3rd quarter. American National Bank & Trust now owns 1,174 shares of the bank’s stock worth $27,000 after buying an additional 1,114 shares during the period. Quarry LP raised its holdings in shares of Regions Financial by 157.2% during the second quarter. Quarry LP now owns 1,335 shares of the bank’s stock valued at $27,000 after acquiring an additional 816 shares during the period. Truvestments Capital LLC purchased a new stake in shares of Regions Financial in the 3rd quarter valued at approximately $37,000. Legacy Investment Solutions LLC acquired a new position in Regions Financial in the 3rd quarter worth approximately $37,000. Finally, Benjamin Edwards Inc. grew its position in Regions Financial by 47.0% during the 2nd quarter. Benjamin Edwards Inc. now owns 2,027 shares of the bank’s stock worth $41,000 after purchasing an additional 648 shares in the last quarter. Institutional investors and hedge funds own 79.39% of the company’s stock.

Regions Financial Stock Performance

Regions Financial stock opened at $23.62 on Friday. The company has a market cap of $21.47 billion, a PE ratio of 13.34, a P/E/G ratio of 2.64 and a beta of 1.21. Regions Financial has a 12 month low of $17.42 and a 12 month high of $27.96. The company has a fifty day moving average price of $25.20 and a two-hundred day moving average price of $23.07. 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 (NYSE:RF) last announced its quarterly earnings data 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 business had revenue of $1.79 billion for the quarter, compared to the consensus estimate of $1.80 billion. During the same period in the prior year, the company earned $0.49 EPS. Regions Financial’s quarterly revenue was down 3.7% on a year-over-year basis. Research analysts expect that Regions Financial will post 2.12 earnings per share for the current year.

Regions Financial Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, January 2nd. Investors of record on Monday, December 2nd were issued 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 was Monday, December 2nd. Regions Financial’s payout ratio is 56.50%.

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.