Keefe, Bruyette & Woods Issues Pessimistic Forecast for Regions Financial (NYSE:RF) Stock Price

Regions Financial (NYSE:RF) had its price target lowered by Keefe, Bruyette & Woods from $28.00 to $26.00 in a report issued on Monday,Benzinga reports. The firm currently has an outperform rating on the bank’s stock.

Other research analysts have also issued reports about the stock. Barclays decreased their price target on shares of Regions Financial from $26.00 to $24.00 and set an “underweight” rating on the stock in a research note on Monday. Morgan Stanley dropped their price target on Regions Financial from $29.00 to $22.00 and set an “equal weight” rating for the company in a research report on Monday, April 7th. JPMorgan Chase & Co. decreased their price objective on Regions Financial from $26.00 to $23.00 and set a “neutral” rating on the stock in a report on Thursday, April 3rd. Citigroup lowered their target price on shares of Regions Financial from $28.00 to $25.00 and set a “buy” rating on the stock in a research note on Monday, March 24th. Finally, Truist Financial decreased their price target on shares of Regions Financial from $26.00 to $24.00 and set a “hold” rating on the stock in a research note on Friday, March 21st. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and eleven have given a buy rating to the company. Based on data from MarketBeat.com, Regions Financial currently has a consensus rating of “Moderate Buy” and an average price target of $26.11.

Regions Financial Trading Down 1.2 %

Shares of RF stock opened at $19.08 on Monday. The stock has a 50 day simple moving average of $21.49 and a 200-day simple moving average of $23.54. Regions Financial has a 1-year low of $17.72 and a 1-year high of $27.96. The company has a market cap of $17.28 billion, a price-to-earnings ratio of 9.84, a PEG ratio of 1.93 and a beta of 1.01. The company has a debt-to-equity ratio of 0.37, a current ratio of 0.84 and a quick ratio of 0.83.

Regions Financial (NYSE:RF) last posted its quarterly earnings data on Thursday, April 17th. The bank reported $0.54 earnings per share for the quarter, topping analysts’ consensus estimates of $0.51 by $0.03. Regions Financial had a net margin of 20.20% and a return on equity of 12.83%. The company had revenue of $1.81 billion during the quarter, compared to analysts’ expectations of $1.84 billion. During the same period in the prior year, the business posted $0.37 earnings per share. On average, equities research analysts expect that Regions Financial will post 2.26 EPS for the current fiscal year.

Regions Financial Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, July 1st. Stockholders of record on Friday, May 2nd will be issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 5.24%. The ex-dividend date of this dividend is Monday, June 2nd. Regions Financial’s dividend payout ratio is presently 48.08%.

Insider Activity at Regions Financial

In related news, Director Joia M. Johnson bought 2,300 shares of the company’s stock in a transaction that occurred on Tuesday, March 11th. The stock was purchased at an average price of $21.18 per share, for a total transaction of $48,714.00. Following the acquisition, the director now owns 17,486 shares of the company’s stock, valued at approximately $370,353.48. This trade represents a 15.15 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is available at this hyperlink. In the last ninety days, insiders have purchased 3,343 shares of company stock worth $74,348. Company insiders own 0.29% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of RF. Y.D. More Investments Ltd increased its stake in 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 buying an additional 634 shares during the period. Sierra Ocean LLC acquired a new position in shares of Regions Financial in the fourth quarter worth $28,000. Picton Mahoney Asset Management increased its position in shares of Regions Financial by 2,354.9% during the fourth quarter. Picton Mahoney Asset Management now owns 1,252 shares of the bank’s stock worth $29,000 after acquiring an additional 1,201 shares during the period. Millstone Evans Group LLC purchased a new stake in shares of Regions Financial during the fourth quarter worth $32,000. Finally, Grove Bank & Trust boosted its holdings in Regions Financial by 76.6% in the first quarter. Grove Bank & Trust now owns 1,876 shares of the bank’s stock valued at $41,000 after purchasing an additional 814 shares during the period. 79.39% of the stock is currently owned by hedge funds and other institutional investors.

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.