Analysts Set Regions Financial Co. (NYSE:RF) PT at $27.67

Shares of Regions Financial Co. (NYSE:RF) have been given an average recommendation of “Moderate Buy” by the eighteen research firms that are covering the company, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, six have issued a hold recommendation and eleven have assigned a buy recommendation to the company. The average twelve-month price target among analysts that have issued a report on the stock in the last year is $27.67.

Several equities research analysts have recently commented on the company. Citigroup upped their target price on Regions Financial from $26.00 to $30.00 and gave the company a “buy” rating in a report on Thursday, November 21st. Wells Fargo & Company upped their target price on Regions Financial from $24.00 to $28.00 and gave the company an “equal weight” rating in a report on Friday, November 15th. Piper Sandler upped their target price on Regions Financial from $25.00 to $29.00 and gave the company a “neutral” rating in a report on Tuesday, December 3rd. Stephens raised Regions Financial from an “equal weight” rating to an “overweight” rating and set a $26.00 target price for the company in a report on Tuesday, October 29th. Finally, Compass Point upped their price target on Regions Financial from $25.00 to $31.00 and gave the company a “buy” rating in a research report on Tuesday, December 10th.

Institutional Trading of Regions Financial

Large investors have recently made changes to their positions in the stock. Y.D. More Investments Ltd boosted its stake 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 during the 4th quarter valued at approximately $28,000. Picton Mahoney Asset Management boosted its stake in Regions Financial by 2,354.9% during the 4th quarter. Picton Mahoney Asset Management now owns 1,252 shares of the bank’s stock valued at $29,000 after purchasing an additional 1,201 shares during the period. Millstone Evans Group LLC bought a new stake in Regions Financial during the 4th quarter valued at approximately $32,000. Finally, Truvestments Capital LLC bought a new stake in Regions Financial during the 3rd quarter valued at approximately $37,000. Institutional investors own 79.39% of the company’s stock.

Regions Financial Trading Up 0.2 %

Shares of Regions Financial stock opened at $23.44 on Friday. The company has a quick ratio of 0.83, a current ratio of 0.84 and a debt-to-equity ratio of 0.37. The firm has a market cap of $21.30 billion, a price-to-earnings ratio of 12.08, a price-to-earnings-growth ratio of 1.93 and a beta of 1.20. The business has a fifty day simple moving average of $24.08 and a 200-day simple moving average of $23.96. Regions Financial has a fifty-two week low of $17.72 and a fifty-two week high of $27.96.

Regions Financial (NYSE:RF) last announced its quarterly earnings data on Friday, January 17th. The bank reported $0.56 earnings per share for the quarter, beating the consensus estimate of $0.55 by $0.01. The business 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%. The company’s revenue was up .2% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.39 earnings per share. On average, equities analysts forecast that Regions Financial will post 2.26 EPS for the current fiscal year.

Regions Financial Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 1st. Stockholders of record on Monday, March 3rd will be paid a dividend of $0.25 per share. The ex-dividend date of this dividend is Monday, March 3rd. This represents a $1.00 annualized dividend and a dividend yield of 4.27%. Regions Financial’s dividend payout ratio (DPR) is presently 51.55%.

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.