Regions Financial (NYSE:RF) Upgraded to Hold at Truist Financial

Truist Financial upgraded shares of Regions Financial (NYSE:RF) to a hold rating in a research report released on Monday,Zacks.com reports.

Other analysts have also issued research reports about the stock. The Goldman Sachs Group lifted their price objective on shares of Regions Financial from $29.00 to $33.00 and gave the stock a “buy” rating in a research report on Tuesday, November 26th. Barclays upped their price objective on Regions Financial from $25.00 to $26.00 and gave the company an “underweight” rating in a research note on Monday. Evercore ISI boosted their target price on Regions Financial from $24.50 to $26.00 and gave the company an “in-line” rating in a research note on Wednesday, October 2nd. StockNews.com upgraded Regions Financial from a “sell” rating to a “hold” rating in a research note on Friday, October 25th. Finally, Keefe, Bruyette & Woods upgraded Regions Financial from a “market perform” rating to an “outperform” rating and boosted their price objective for the company from $27.00 to $28.00 in a research note on Thursday, October 31st. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and eleven have issued a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $27.67.

Regions Financial Price Performance

Shares of NYSE RF opened at $23.85 on Monday. The company has a quick ratio of 0.83, a current ratio of 0.84 and a debt-to-equity ratio of 0.35. The company has a market capitalization of $21.68 billion, a PE ratio of 13.47, a PEG ratio of 2.61 and a beta of 1.19. The stock’s 50 day moving average price is $25.19 and its 200-day moving average price is $23.16. Regions Financial has a twelve month low of $17.42 and a twelve month high of $27.96.

Regions Financial (NYSE:RF) last announced its quarterly earnings data on Friday, October 18th. The bank reported $0.49 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.53 by ($0.04). The business had revenue of $1.79 billion during the quarter, compared to the consensus estimate of $1.80 billion. Regions Financial had a net margin of 18.78% and a return on equity of 12.60%. The firm’s revenue for the quarter was down 3.7% compared to the same quarter last year. During the same quarter last year, the company earned $0.49 EPS. On average, equities analysts anticipate that Regions Financial will post 2.12 EPS for the current year.

Regions Financial Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, January 2nd. Shareholders of record on Monday, December 2nd were given a dividend of $0.25 per share. The ex-dividend date of this dividend was Monday, December 2nd. This represents a $1.00 annualized dividend and a yield of 4.19%. Regions Financial’s payout ratio is presently 56.50%.

Hedge Funds Weigh In On Regions Financial

A number of institutional investors have recently made changes to their positions in RF. Fortem Financial Group LLC grew its position in Regions Financial by 2.5% in the fourth quarter. Fortem Financial Group LLC now owns 28,477 shares of the bank’s stock worth $670,000 after acquiring an additional 700 shares in the last quarter. Nordea Investment Management AB increased its position in shares of Regions Financial by 60.4% during the 4th quarter. Nordea Investment Management AB now owns 263,131 shares of the bank’s stock valued at $6,220,000 after purchasing an additional 99,115 shares during the last quarter. GAMMA Investing LLC raised its holdings in shares of Regions Financial by 5.1% during the 4th quarter. GAMMA Investing LLC now owns 21,981 shares of the bank’s stock valued at $517,000 after buying an additional 1,072 shares in the last quarter. Versant Capital Management Inc lifted its position in Regions Financial by 53.8% in the 4th quarter. Versant Capital Management Inc now owns 3,425 shares of the bank’s stock worth $81,000 after buying an additional 1,198 shares during the last quarter. Finally, Principal Financial Group Inc. boosted its stake in Regions Financial by 3.2% in the third quarter. Principal Financial Group Inc. now owns 1,087,697 shares of the bank’s stock worth $25,376,000 after buying an additional 34,125 shares in the last quarter. Institutional investors own 79.39% of the company’s stock.

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.