Regions Financial Co. (NYSE:RF) Receives $25.53 Average Price Target from Analysts

Shares of Regions Financial Co. (NYSE:RF) have been given a consensus recommendation of “Moderate Buy” by the nineteen ratings firms that are covering the stock, MarketBeat reports. One equities 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 ratings on the stock in the last year is $25.53.

Several research firms have recently weighed in on RF. Keefe, Bruyette & Woods lowered their price objective on shares of Regions Financial from $28.00 to $26.00 and set an “outperform” rating on the stock in a research note on Monday, April 21st. Citigroup lowered their price objective 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. Truist Financial lowered their price objective on shares of Regions Financial from $24.00 to $21.00 and set a “hold” rating on the stock in a research note on Tuesday, April 22nd. Morgan Stanley lowered their price objective on shares of Regions Financial from $29.00 to $22.00 and set an “equal weight” rating on the stock in a research note on Monday, April 7th. Finally, The Goldman Sachs Group decreased their price target on shares of Regions Financial from $28.00 to $25.00 and set a “buy” rating on the stock in a research note on Tuesday, April 22nd.

Regions Financial Trading Down 0.1%

Shares of NYSE:RF opened at $22.42 on Thursday. The company’s 50-day moving average price is $20.64 and its two-hundred day moving average price is $23.24. 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 has a one year low of $17.72 and a one year high of $27.96. The stock has a market capitalization of $20.15 billion, a PE ratio of 11.56, a price-to-earnings-growth ratio of 1.93 and a beta of 0.97.

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

Regions Financial Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, July 1st. Shareholders of record on Friday, May 2nd will be given a dividend of $0.25 per share. The ex-dividend date of this dividend is Monday, June 2nd. This represents a $1.00 dividend on an annualized basis and a dividend yield of 4.46%. Regions Financial’s payout ratio is presently 48.08%.

Insiders Place Their Bets

In other news, Director Joia M. Johnson purchased 2,300 shares of the business’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 acquisition, the director now owns 17,486 shares in the company, valued at approximately $370,353.48. The trade was a 15.15% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available through this hyperlink. Company insiders own 0.29% of the company’s stock.

Institutional Trading of Regions Financial

Institutional investors and hedge funds have recently made changes to their positions in the company. LBP AM SA lifted its stake in Regions Financial by 149.4% in the 4th quarter. LBP AM SA now owns 730,614 shares of the bank’s stock valued at $17,184,000 after purchasing an additional 437,691 shares during the last quarter. Aigen Investment Management LP bought a new position in Regions Financial in the 4th quarter valued at approximately $1,965,000. Aprio Wealth Management LLC bought a new position in Regions Financial in the 4th quarter valued at approximately $1,247,000. Nordea Investment Management AB lifted its stake in Regions Financial by 60.4% in 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. Finally, Vest Financial LLC lifted its stake in Regions Financial by 20.4% in the 4th quarter. Vest Financial LLC now owns 1,479,865 shares of the bank’s stock valued at $34,806,000 after purchasing an additional 250,729 shares during 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.