Regions Financial Co. (NYSE:RF) Receives $26.42 Consensus PT from Brokerages

Regions Financial Co. (NYSE:RF) has been assigned an average rating of “Moderate Buy” from the nineteen ratings firms that are covering the stock, MarketBeat.com reports. One analyst has rated the stock with a sell rating, seven have issued a hold rating and eleven have assigned a buy rating to the company. The average twelve-month target price among brokers that have issued ratings on the stock in the last year is $26.42.

RF has been the subject of several analyst reports. Truist Financial reduced their target price on Regions Financial from $26.00 to $24.00 and set a “hold” rating for the company in a report on Friday, March 21st. Wells Fargo & Company dropped their price target on shares of Regions Financial from $28.00 to $26.00 and set an “equal weight” rating on the stock in a research note on Friday, March 28th. Barclays upped their target price on Regions Financial from $25.00 to $26.00 and gave the stock an “underweight” rating in a research report on Monday, January 6th. JPMorgan Chase & Co. reduced their price target on Regions Financial from $26.00 to $23.00 and set a “neutral” rating for the company in a report on Thursday, April 3rd. Finally, Morgan Stanley lowered their price target on Regions Financial from $29.00 to $22.00 and set an “equal weight” rating for the company in a research note on Monday, April 7th.

Regions Financial Price Performance

Shares of NYSE RF opened at $19.44 on Friday. Regions Financial has a fifty-two week low of $17.72 and a fifty-two week high of $27.96. The stock has a market cap of $17.60 billion, a P/E ratio of 10.02, a P/E/G ratio of 1.93 and a beta of 1.01. The firm’s 50-day simple moving average is $21.90 and its 200 day simple moving average is $23.64. 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 issued its quarterly earnings results on Friday, January 17th. The bank reported $0.56 EPS for the quarter, topping the consensus estimate of $0.55 by $0.01. The firm had revenue of $1.82 billion for the quarter, compared to analysts’ expectations of $1.86 billion. Regions Financial had a net margin of 20.20% and a return on equity of 12.83%. Regions Financial’s revenue for the quarter was up .2% compared to the same quarter last year. During the same period in the previous year, the business earned $0.39 earnings per share. Equities analysts expect that Regions Financial will post 2.26 EPS for the current year.

Regions Financial Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, April 1st. Stockholders of record on Monday, March 3rd were issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 5.14%. The ex-dividend date was Monday, March 3rd. Regions Financial’s dividend payout ratio (DPR) is presently 51.55%.

Insider Activity at Regions Financial

In other news, Director Joia M. Johnson purchased 2,300 shares of Regions Financial stock in a transaction dated Tuesday, March 11th. The shares were bought at an average cost of $21.18 per share, for a total transaction of $48,714.00. Following the completion of the acquisition, the director now owns 17,486 shares in the company, valued at approximately $370,353.48. This trade represents a 15.15 % increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders have acquired 3,343 shares of company stock valued at $74,348 over the last ninety days. 0.29% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Regions Financial

A number of hedge funds have recently modified their holdings of the business. Y.D. More Investments Ltd lifted its stake in shares of Regions Financial by 122.9% in the fourth 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 during the period. Sierra Ocean LLC bought a new stake in Regions Financial in the fourth quarter valued at $28,000. Picton Mahoney Asset Management raised 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 worth $29,000 after buying an additional 1,201 shares during the period. Millstone Evans Group LLC bought a new position in shares of Regions Financial in the 4th quarter worth $32,000. Finally, Creative Capital Management Investments LLC bought a new stake in shares of Regions Financial during the fourth quarter worth about $44,000. Institutional investors and hedge funds own 79.39% of the company’s stock.

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.