Regions Financial Co. (NYSE:RF) Receives $27.56 Average Target Price from Analysts

Regions Financial Co. (NYSE:RF) has earned a consensus recommendation of “Moderate Buy” from the eighteen research firms that are presently covering the firm, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, six have issued a hold recommendation and eleven have given a buy recommendation to the company. The average twelve-month target price among analysts that have issued ratings on the stock in the last year is $27.44.

RF has been the topic of several recent research reports. Citigroup lowered their target price on shares of Regions Financial from $30.00 to $28.00 and set a “buy” rating on the stock in a research note on Wednesday, March 12th. Morgan Stanley reiterated an “equal weight” rating and set a $32.00 price target (up previously from $28.00) on shares of Regions Financial in a report on Monday, December 9th. Compass Point lifted their price target on Regions Financial from $25.00 to $31.00 and gave the stock a “buy” rating in a report on Tuesday, December 10th. Barclays boosted their price objective on shares of Regions Financial from $25.00 to $26.00 and gave the company an “underweight” rating in a report on Monday, January 6th. Finally, Truist Financial reduced their price objective on shares of Regions Financial from $26.00 to $24.00 and set a “hold” rating on the stock in a report on Friday.

Regions Financial Price Performance

Regions Financial stock opened at $21.68 on Wednesday. The company’s fifty day moving average price is $23.46 and its 200 day moving average price is $23.94. Regions Financial has a 1 year low of $17.72 and a 1 year high of $27.96. The stock has a market capitalization of $19.63 billion, a P/E ratio of 11.17, a P/E/G ratio of 1.93 and a beta of 1.19. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.83 and a current ratio of 0.84.

Regions Financial (NYSE:RF) last released its quarterly earnings results on Friday, January 17th. The bank reported $0.56 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.55 by $0.01. Regions Financial had a net margin of 20.20% and a return on equity of 12.83%. The firm had revenue of $1.82 billion for the quarter, compared to analysts’ expectations of $1.86 billion. During the same quarter last year, the company earned $0.39 EPS. The firm’s revenue for the quarter was up .2% compared to the same quarter last year. As a group, equities research analysts anticipate that Regions Financial will post 2.26 earnings per share for the current fiscal year.

Regions Financial Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 1st. Stockholders of record on Monday, March 3rd will be given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 4.61%. The ex-dividend date of this dividend is Monday, March 3rd. Regions Financial’s dividend payout ratio is presently 51.55%.

Insider Transactions at Regions Financial

In related news, Director Joia M. Johnson acquired 2,300 shares of the stock in a transaction dated Tuesday, March 11th. The stock was acquired at an average cost of $21.18 per share, with a total value of $48,714.00. Following the completion of the transaction, the director now owns 17,486 shares in the company, valued at $370,353.48. This represents a 15.15 % increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Over the last ninety days, insiders purchased 3,993 shares of company stock valued at $89,682. 0.29% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Regions Financial

A number of institutional investors and hedge funds have recently added to or reduced their stakes in RF. Norges Bank acquired a new position in Regions Financial in the fourth quarter valued at approximately $279,103,000. State Street Corp boosted its holdings in Regions Financial by 16.3% in the third quarter. State Street Corp now owns 55,485,987 shares of the bank’s stock valued at $1,306,813,000 after purchasing an additional 7,791,399 shares in the last quarter. Invesco Ltd. boosted its holdings in Regions Financial by 14.5% in the fourth quarter. Invesco Ltd. now owns 15,468,674 shares of the bank’s stock valued at $363,823,000 after purchasing an additional 1,963,954 shares in the last quarter. Deutsche Bank AG boosted its holdings in Regions Financial by 52.7% in the fourth quarter. Deutsche Bank AG now owns 5,522,612 shares of the bank’s stock valued at $129,892,000 after purchasing an additional 1,907,121 shares in the last quarter. Finally, National Bank of Canada FI boosted its holdings in Regions Financial by 575.8% in the third quarter. National Bank of Canada FI now owns 1,705,273 shares of the bank’s stock valued at $39,784,000 after purchasing an additional 1,452,956 shares in the last quarter. 79.39% of the stock is owned by institutional investors and hedge funds.

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.