Regions Financial (NYSE:RF) Price Target Lowered to $25.00 at Citigroup

Regions Financial (NYSE:RF) had its target price reduced by Citigroup from $28.00 to $25.00 in a research report report published on Monday morning,Benzinga reports. Citigroup currently has a buy rating on the bank’s stock.

Several other brokerages also recently issued reports on RF. The Goldman Sachs Group upped their target price on shares of Regions Financial from $29.00 to $33.00 and gave the stock a “buy” rating in a research note on Tuesday, November 26th. Morgan Stanley restated an “equal weight” rating and issued a $32.00 price objective (up from $28.00) on shares of Regions Financial in a report on Monday, December 9th. Barclays lifted their target price on Regions Financial from $25.00 to $26.00 and gave the stock an “underweight” rating in a report on Monday, January 6th. 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 increased their price objective on Regions Financial from $25.00 to $29.00 and gave the company a “neutral” rating in a research report on Tuesday, December 3rd. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and eleven have assigned a buy rating to the company’s stock. According to data from MarketBeat, Regions Financial currently has an average rating of “Moderate Buy” and a consensus target price of $27.28.

Regions Financial Stock Performance

Regions Financial stock opened at $22.33 on Monday. The stock’s 50 day moving average is $23.44 and its 200 day moving average is $23.95. The company has a market capitalization of $20.21 billion, a P/E ratio of 11.51, a PEG ratio of 1.93 and a beta of 1.19. Regions Financial has a twelve month low of $17.72 and a twelve month high of $27.96. 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:RF) last posted its quarterly earnings results on Friday, January 17th. The bank reported $0.56 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.55 by $0.01. The firm had revenue of $1.82 billion during the quarter, compared to analyst estimates of $1.86 billion. Regions Financial had a return on equity of 12.83% and a net margin of 20.20%. Regions Financial’s quarterly revenue was up .2% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.39 EPS. On average, equities research analysts predict 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 paid a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 4.48%. The ex-dividend date is Monday, March 3rd. Regions Financial’s dividend payout ratio (DPR) is currently 51.55%.

Insiders Place Their Bets

In other Regions Financial news, Director Joia M. Johnson acquired 2,300 shares of the stock in a transaction dated 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 completion of the transaction, the director now directly owns 17,486 shares of the company’s stock, 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 legal filing with the SEC, which is available through the SEC website. In the last 90 days, insiders have bought 3,993 shares of company stock worth $89,682. Company insiders own 0.29% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Y.D. More Investments Ltd raised its holdings in shares of Regions Financial by 122.9% during the 4th quarter. Y.D. More Investments Ltd now owns 1,150 shares of the bank’s stock worth $27,000 after acquiring an additional 634 shares in the last quarter. Sierra Ocean LLC bought a new stake in Regions Financial in the fourth quarter worth $28,000. Picton Mahoney Asset Management increased its position in Regions Financial by 2,354.9% in the fourth quarter. Picton Mahoney Asset Management now owns 1,252 shares of the bank’s stock worth $29,000 after purchasing an additional 1,201 shares during the last quarter. Millstone Evans Group LLC purchased a new stake in Regions Financial during the fourth quarter valued at $32,000. Finally, Truvestments Capital LLC bought a new position in Regions Financial during the third quarter valued at $37,000. Institutional investors own 79.39% of the company’s stock.

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.