Regions Financial Co. (NYSE:RF) Receives $25.53 Average PT from Brokerages

Regions Financial Co. (NYSE:RF) has been given a consensus recommendation of “Moderate Buy” by the nineteen ratings firms that are currently covering the stock, MarketBeat.com reports. One research analyst has rated the stock with a sell recommendation, seven have assigned a hold recommendation and eleven have issued a buy recommendation on the company. The average 12-month target price among analysts that have issued a report on the stock in the last year is $25.53.

Several equities analysts have issued reports on RF shares. Barclays decreased their price objective on shares of Regions Financial from $26.00 to $24.00 and set an “underweight” rating for the company in a research note on Monday, April 21st. Truist Financial dropped their price target on Regions Financial from $24.00 to $21.00 and set a “hold” rating on the stock in a research note on Tuesday, April 22nd. Citigroup reduced their price objective on Regions Financial from $28.00 to $25.00 and set a “buy” rating for the company in a research note on Monday, March 24th. Wells Fargo & Company lowered their target price on shares of Regions Financial from $28.00 to $26.00 and set an “equal weight” rating on the stock in a research report on Friday, March 28th. Finally, Keefe, Bruyette & Woods dropped their price target on Regions Financial from $28.00 to $26.00 and set an “outperform” rating on the stock in a research report on Monday, April 21st.

Regions Financial Stock Down 0.7 %

Shares of Regions Financial stock opened at $21.16 on Thursday. Regions Financial has a 52-week low of $17.72 and a 52-week high of $27.96. The company has a 50 day moving average of $20.62 and a 200 day moving average of $23.26. 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 company has a market capitalization of $19.16 billion, a P/E ratio of 10.91, a P/E/G ratio of 1.93 and a beta of 0.97.

Regions Financial (NYSE:RF) last posted its earnings results on Thursday, April 17th. The bank reported $0.54 EPS for the quarter, beating the consensus estimate of $0.51 by $0.03. The firm had revenue of $1.81 billion for the quarter, compared to analyst estimates of $1.84 billion. Regions Financial had a return on equity of 12.83% and a net margin of 20.20%. During the same quarter in the prior year, the company posted $0.37 earnings per share. As a group, research analysts forecast that Regions Financial will post 2.26 EPS for the current fiscal year.

Regions Financial Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, July 1st. Investors of record on Friday, May 2nd will be given a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 4.73%. The ex-dividend date is Monday, June 2nd. Regions Financial’s dividend payout ratio (DPR) is currently 48.08%.

Insiders Place Their Bets

In other Regions Financial news, Director Joia M. Johnson acquired 2,300 shares of the company’s stock in a transaction dated Tuesday, March 11th. The stock was bought at an average price of $21.18 per share, with a total value of $48,714.00. Following the completion of the transaction, the director now directly owns 17,486 shares of the company’s stock, valued at approximately $370,353.48. The trade was a 15.15 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 0.29% of the stock is currently owned by insiders.

Institutional Trading of Regions Financial

A number of institutional investors have recently added to or reduced their stakes in the business. Ballentine Partners LLC grew its stake in shares of Regions Financial by 2.5% in the fourth quarter. Ballentine Partners LLC now owns 17,458 shares of the bank’s stock valued at $411,000 after buying an additional 420 shares in the last quarter. Prossimo Advisors LLC boosted its holdings in Regions Financial by 2.3% in the 4th quarter. Prossimo Advisors LLC now owns 19,270 shares of the bank’s stock worth $453,000 after acquiring an additional 430 shares during the period. Greenleaf Trust raised its stake in shares of Regions Financial by 1.8% during the fourth quarter. Greenleaf Trust now owns 24,382 shares of the bank’s stock valued at $573,000 after purchasing an additional 436 shares during the period. Lake Street Advisors Group LLC lifted its position in shares of Regions Financial by 2.3% during the fourth quarter. Lake Street Advisors Group LLC now owns 19,173 shares of the bank’s stock worth $456,000 after purchasing an additional 436 shares in the last quarter. Finally, IFG Advisory LLC boosted its stake in shares of Regions Financial by 0.9% in the first quarter. IFG Advisory LLC now owns 52,531 shares of the bank’s stock valued at $1,142,000 after purchasing an additional 470 shares during the period. 79.39% of the stock is owned by hedge funds and other institutional investors.

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.