Regions Financial (NYSE:RF) Price Target Raised to $27.00 at Morgan Stanley

Regions Financial (NYSE:RF) had its target price raised by research analysts at Morgan Stanley from $22.00 to $27.00 in a research note issued to investors on Thursday,Benzinga reports. The brokerage presently has an “equal weight” rating on the bank’s stock. Morgan Stanley’s price objective points to a potential upside of 9.40% from the stock’s previous close.

Other equities research analysts have also recently issued reports about the company. JPMorgan Chase & Co. decreased their price target on Regions Financial from $26.00 to $23.00 and set a “neutral” rating on the stock in a research report on Thursday, April 3rd. Wall Street Zen cut Regions Financial from a “hold” rating to a “sell” rating in a research report on Friday, June 27th. The Goldman Sachs Group decreased their price target on Regions Financial from $28.00 to $25.00 and set a “buy” rating on the stock in a research report on Tuesday, April 22nd. Barclays decreased their price objective on shares of Regions Financial from $26.00 to $24.00 and set an “underweight” rating on the stock in a research report on Monday, April 21st. Finally, Jefferies Financial Group initiated coverage on shares of Regions Financial in a research report on Wednesday, May 21st. They issued a “hold” rating and a $24.00 price objective on the stock. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating and twelve have assigned a buy rating to the company’s stock. According to data from MarketBeat, Regions Financial currently has an average rating of “Moderate Buy” and an average price target of $26.15.

Regions Financial Trading Up 0.5%

Shares of RF opened at $24.68 on Thursday. The business’s 50-day moving average price is $22.00 and its 200-day moving average price is $22.36. Regions Financial has a twelve month low of $17.74 and a twelve month high of $27.96. The stock has a market cap of $22.19 billion, a PE ratio of 11.87, a P/E/G ratio of 1.97 and a beta of 0.98. The company has a quick ratio of 0.83, a current ratio of 0.84 and a debt-to-equity ratio of 0.36.

Regions Financial (NYSE:RF) last announced its quarterly earnings results on Thursday, April 17th. The bank reported $0.54 earnings per share for the quarter, beating the consensus estimate of $0.51 by $0.03. Regions Financial had a return on equity of 13.04% and a net margin of 21.43%. The firm had revenue of $1.81 billion for 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 analysts forecast that Regions Financial will post 2.26 EPS for the current fiscal year.

Institutional Trading of Regions Financial

Several hedge funds and other institutional investors have recently bought and sold shares of RF. Proficio Capital Partners LLC purchased a new stake in shares of Regions Financial during the fourth quarter valued at approximately $2,393,000. Smartleaf Asset Management LLC boosted its stake in shares of Regions Financial by 22.5% during the fourth quarter. Smartleaf Asset Management LLC now owns 7,788 shares of the bank’s stock valued at $184,000 after purchasing an additional 1,428 shares during the period. Steward Partners Investment Advisory LLC boosted its stake in shares of Regions Financial by 44.3% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 53,014 shares of the bank’s stock valued at $1,247,000 after purchasing an additional 16,271 shares during the period. Victory Capital Management Inc. boosted its stake in shares of Regions Financial by 20.6% during the fourth quarter. Victory Capital Management Inc. now owns 1,403,666 shares of the bank’s stock valued at $33,014,000 after purchasing an additional 239,542 shares during the period. Finally, Assetmark Inc. boosted its stake in shares of Regions Financial by 15.7% during the fourth quarter. Assetmark Inc. now owns 21,556 shares of the bank’s stock valued at $507,000 after purchasing an additional 2,919 shares during the period. Hedge funds and other institutional investors 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.