Truist Financial Has Lowered Expectations for Regions Financial (NYSE:RF) Stock Price

Regions Financial (NYSE:RF) had its target price reduced by Truist Financial from $26.00 to $24.00 in a research note issued on Friday,Benzinga reports. The brokerage presently has a “hold” rating on the bank’s stock. Truist Financial’s price objective indicates a potential upside of 10.73% from the company’s current price.

Other equities analysts have also recently issued research reports about the company. Barclays boosted their price objective on Regions Financial from $25.00 to $26.00 and gave the stock an “underweight” rating in a research report on Monday, January 6th. The Goldman Sachs Group boosted their price objective on Regions Financial from $29.00 to $33.00 and gave the stock a “buy” rating in a research report on Tuesday, November 26th. Morgan Stanley reissued an “equal weight” rating and set a $32.00 price objective (up previously from $28.00) on shares of Regions Financial in a research report on Monday, December 9th. Compass Point upped their price target on Regions Financial from $25.00 to $31.00 and gave the company a “buy” rating in a report on Tuesday, December 10th. Finally, Piper Sandler upped their price target on Regions Financial from $25.00 to $29.00 and gave the company a “neutral” rating in a report on Tuesday, December 3rd. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and eleven have issued a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $27.44.

Regions Financial Stock Performance

Shares of NYSE RF opened at $21.68 on Friday. The business’s 50-day moving average price is $23.46 and its two-hundred day moving average price is $23.95. The company has a debt-to-equity ratio of 0.37, a current ratio of 0.84 and a quick ratio of 0.83. Regions Financial has a one year low of $17.72 and a one year high of $27.96. The company has a market capitalization of $19.63 billion, a P/E ratio of 11.17, a price-to-earnings-growth ratio of 1.93 and a beta of 1.19.

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

Insider Activity

In other Regions Financial news, Director Joia M. Johnson purchased 2,300 shares of the firm’s stock in a transaction that occurred on Tuesday, March 11th. The shares were acquired at an average cost of $21.18 per share, for a total transaction of $48,714.00. Following the transaction, the director now directly owns 17,486 shares in the company, valued at approximately $370,353.48. The trade was a 15.15 % increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through this link. In the last ninety days, insiders have purchased 3,993 shares of company stock worth $89,682. Company insiders own 0.29% of the company’s stock.

Institutional Investors Weigh In On Regions Financial

A number of large investors have recently bought and sold shares of RF. Norges Bank bought a new stake in Regions Financial during the 4th quarter worth approximately $279,103,000. State Street Corp grew its position in Regions Financial by 16.3% during the 3rd quarter. State Street Corp now owns 55,485,987 shares of the bank’s stock worth $1,306,813,000 after acquiring an additional 7,791,399 shares during the last quarter. Invesco Ltd. grew its position in Regions Financial by 14.5% during the 4th quarter. Invesco Ltd. now owns 15,468,674 shares of the bank’s stock worth $363,823,000 after acquiring an additional 1,963,954 shares during the last quarter. Deutsche Bank AG grew its position in Regions Financial by 52.7% during the 4th quarter. Deutsche Bank AG now owns 5,522,612 shares of the bank’s stock worth $129,892,000 after acquiring an additional 1,907,121 shares during the last quarter. Finally, National Bank of Canada FI grew its position in Regions Financial by 575.8% during the 3rd quarter. National Bank of Canada FI now owns 1,705,273 shares of the bank’s stock worth $39,784,000 after acquiring an additional 1,452,956 shares during the last quarter. 79.39% of the stock is currently owned by institutional investors.

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.