Weekly Analysts’ Ratings Updates for Regions Financial (RF)

Several analysts have recently updated their ratings and price targets for Regions Financial (NYSE: RF):

• 9/20/2024 – Regions Financial had its price target raised by analysts at Truist Financial Co. from $23.00 to $25.00. They now have a “hold” rating on the stock.
• 9/19/2024 – Regions Financial had its price target raised by analysts at Citigroup Inc. from $25.00 to $26.00. They now have a “buy” rating on the stock.
• 9/12/2024 – Regions Financial was upgraded by analysts at StockNews.com from a “sell” rating to a “hold” rating.
• 9/3/2024 – Regions Financial was downgraded by analysts at StockNews.com from a “hold” rating to a “sell” rating.
• 8/23/2024 – Regions Financial was downgraded by analysts at StockNews.com from a “hold” rating to a “sell” rating.
• 7/30/2024 – Regions Financial had its price target raised by analysts at Morgan Stanley from $25.00 to $28.00. They now have an “overweight” rating on the stock.

Regions Financial Price Performance

Shares of NYSE:RF opened at $23.11 on Monday. The firm has a market cap of $21.16 billion, a price-to-earnings ratio of 12.56, a P/E/G ratio of 2.82 and a beta of 1.17. The firm has a fifty day moving average price of $22.08 and a 200 day moving average price of $20.43. Regions Financial Co. has a fifty-two week low of $13.72 and a fifty-two week high of $23.47. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.83 and a current ratio of 0.83.

Regions Financial (NYSE:RF) last posted its earnings results on Friday, July 19th. The bank reported $0.52 EPS for the quarter, beating analysts’ consensus estimates of $0.49 by $0.03. Regions Financial had a return on equity of 12.64% and a net margin of 18.91%. The firm had revenue of $1.73 billion during the quarter, compared to the consensus estimate of $1.76 billion. During the same period in the prior year, the company earned $0.59 EPS. The company’s quarterly revenue was down 11.5% compared to the same quarter last year. As a group, sell-side analysts expect that Regions Financial Co. will post 2 earnings per share for the current fiscal year.

Regions Financial Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, October 1st. Investors of record on Tuesday, September 3rd will be paid a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 4.33%. The ex-dividend date is Tuesday, September 3rd. This is an increase from Regions Financial’s previous quarterly dividend of $0.24. Regions Financial’s dividend payout ratio (DPR) is currently 54.35%.

Institutional Investors Weigh In On Regions Financial

Hedge funds have recently made changes to their positions in the company. Janney Montgomery Scott LLC purchased a new position in Regions Financial during the fourth quarter valued at approximately $2,047,000. Corient Private Wealth LLC boosted its position in Regions Financial by 0.8% during the 4th quarter. Corient Private Wealth LLC now owns 102,438 shares of the bank’s stock valued at $1,985,000 after acquiring an additional 821 shares in the last quarter. Assetmark Inc. increased its holdings in shares of Regions Financial by 31.2% in the 4th quarter. Assetmark Inc. now owns 12,006 shares of the bank’s stock valued at $233,000 after acquiring an additional 2,854 shares during the period. Franklin Resources Inc. lifted its stake in shares of Regions Financial by 6.3% during the 4th quarter. Franklin Resources Inc. now owns 480,090 shares of the bank’s stock worth $9,304,000 after purchasing an additional 28,584 shares during the last quarter. Finally, Cambridge Investment Research Advisors Inc. boosted its position in Regions Financial by 8.2% during the fourth quarter. Cambridge Investment Research Advisors Inc. now owns 135,235 shares of the bank’s stock valued at $2,621,000 after purchasing an additional 10,269 shares in the last quarter. 79.39% of the stock is currently owned by hedge funds and other institutional investors.

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.