Barclays Forecasts Strong Price Appreciation for Regions Financial (NYSE:RF) Stock

Regions Financial (NYSE:RF) had its price target raised by stock analysts at Barclays from $25.00 to $26.00 in a research report issued to clients and investors on Monday,Benzinga reports. The firm currently has an “underweight” rating on the bank’s stock. Barclays‘s price target points to a potential upside of 9.01% from the company’s previous close.

A number of other equities analysts have also issued reports on RF. StockNews.com raised shares of Regions Financial from a “sell” rating to a “hold” rating in a research report on Friday, October 25th. Evercore ISI boosted their target price on shares of Regions Financial from $24.50 to $26.00 and gave the company an “in-line” rating in a research report on Wednesday, October 2nd. Wedbush increased their price target on Regions Financial from $28.00 to $30.00 and gave the stock an “outperform” rating in a research report on Monday, October 21st. Morgan Stanley reissued an “equal weight” rating and issued a $32.00 price objective (up previously from $28.00) on shares of Regions Financial in a report on Monday, December 9th. Finally, Argus raised Regions Financial from a “hold” rating to a “buy” rating and set a $26.00 target price on the stock in a report on Thursday, October 24th. One research analyst has rated the stock with a sell rating, seven have given a hold rating and eleven have issued a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $27.67.

Regions Financial Trading Up 0.3 %

NYSE RF opened at $23.85 on Monday. Regions Financial has a 12-month low of $17.42 and a 12-month high of $27.96. The company has a fifty day simple moving average of $25.19 and a two-hundred day simple moving average of $23.13. The company has a current ratio of 0.84, a quick ratio of 0.83 and a debt-to-equity ratio of 0.35. The stock has a market cap of $21.68 billion, a P/E ratio of 13.47, a P/E/G ratio of 2.61 and a beta of 1.19.

Regions Financial (NYSE:RF) last issued its quarterly earnings results on Friday, October 18th. The bank reported $0.49 EPS for the quarter, missing analysts’ consensus estimates of $0.53 by ($0.04). The firm had revenue of $1.79 billion for the quarter, compared to analyst estimates of $1.80 billion. Regions Financial had a return on equity of 12.60% and a net margin of 18.78%. The business’s revenue was down 3.7% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.49 EPS. On average, analysts forecast that Regions Financial will post 2.12 earnings per share for the current year.

Institutional Trading of Regions Financial

A number of institutional investors have recently made changes to their positions in the company. Fortem Financial Group LLC lifted its holdings in Regions Financial by 2.5% in the 4th quarter. Fortem Financial Group LLC now owns 28,477 shares of the bank’s stock valued at $670,000 after purchasing an additional 700 shares in the last quarter. Nordea Investment Management AB lifted its stake in shares of Regions Financial by 60.4% in the fourth quarter. Nordea Investment Management AB now owns 263,131 shares of the bank’s stock worth $6,220,000 after buying an additional 99,115 shares in the last quarter. GAMMA Investing LLC boosted its position in Regions Financial by 5.1% during the fourth quarter. GAMMA Investing LLC now owns 21,981 shares of the bank’s stock worth $517,000 after acquiring an additional 1,072 shares during the last quarter. Versant Capital Management Inc grew its stake in Regions Financial by 53.8% during the 4th quarter. Versant Capital Management Inc now owns 3,425 shares of the bank’s stock valued at $81,000 after acquiring an additional 1,198 shares in the last quarter. Finally, Principal Financial Group Inc. raised its holdings in Regions Financial by 3.2% in the 3rd quarter. Principal Financial Group Inc. now owns 1,087,697 shares of the bank’s stock valued at $25,376,000 after acquiring an additional 34,125 shares during 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.