Regions Financial Co. (NYSE:RF) Given Consensus Recommendation of “Moderate Buy” by Analysts

Regions Financial Co. (NYSE:RFGet Free Report) has received a consensus rating of “Moderate Buy” from the eighteen analysts that are presently covering the stock, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and eleven have given a buy rating to the company. The average twelve-month price target among brokerages that have covered the stock in the last year is $27.67.

A number of equities analysts recently commented on RF shares. Citigroup raised their target price on Regions Financial from $26.00 to $30.00 and gave the company a “buy” rating in a report on Thursday, November 21st. The Goldman Sachs Group raised their target price on Regions Financial from $29.00 to $33.00 and gave the company a “buy” rating in a report on Tuesday, November 26th. Piper Sandler raised their target price on Regions Financial from $25.00 to $29.00 and gave the company a “neutral” rating in a report on Tuesday, December 3rd. Wedbush raised their target price on Regions Financial from $28.00 to $30.00 and gave the company an “outperform” rating in a report on Monday, October 21st. Finally, Argus upgraded Regions Financial from a “hold” rating to a “buy” rating and set a $26.00 target price for the company in a report on Thursday, October 24th.

View Our Latest Research Report on RF

Institutional Investors Weigh In On Regions Financial

A number of hedge funds and other institutional investors have recently modified their holdings of RF. Y.D. More Investments Ltd lifted its stake in Regions Financial by 122.9% in the fourth quarter. Y.D. More Investments Ltd now owns 1,150 shares of the bank’s stock valued at $27,000 after buying an additional 634 shares during the last quarter. American National Bank & Trust raised its position 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 valued at $27,000 after purchasing an additional 1,114 shares during the last quarter. Quarry LP boosted its stake in Regions Financial by 157.2% during the 2nd quarter. Quarry LP now owns 1,335 shares of the bank’s stock worth $27,000 after purchasing an additional 816 shares during the period. Truvestments Capital LLC acquired a new stake in Regions Financial during the 3rd quarter worth $37,000. Finally, Legacy Investment Solutions LLC acquired a new position in Regions Financial in the third quarter valued at $37,000. 79.39% of the stock is currently owned by institutional investors and hedge funds.

Regions Financial Stock Up 1.2 %

Shares of RF opened at $24.76 on Tuesday. Regions Financial has a 52-week low of $17.42 and a 52-week high of $27.96. The company has a market capitalization of $22.50 billion, a PE ratio of 12.76, a price-to-earnings-growth ratio of 1.94 and a beta of 1.21. The stock has a fifty day simple moving average of $24.93 and a two-hundred day simple moving average of $23.57. The company has a quick ratio of 0.83, a current ratio of 0.84 and a debt-to-equity ratio of 0.37.

Regions Financial (NYSE:RFGet Free Report) last issued its quarterly earnings data on Friday, January 17th. The bank reported $0.56 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.55 by $0.01. The firm had revenue of $1.82 billion during the quarter, compared to the consensus estimate of $1,857,300 billion. Regions Financial had a return on equity of 12.83% and a net margin of 20.20%. The company’s quarterly revenue was up .2% on a year-over-year basis. During the same period last year, the company earned $0.39 EPS. As a group, equities analysts forecast that Regions Financial will post 2.27 EPS for the current year.

About Regions Financial

(Get Free Report

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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Analyst Recommendations for Regions Financial (NYSE:RF)

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