Regions Financial (NYSE:RF – Get Free Report) had its target price hoisted by stock analysts at JPMorgan Chase & Co. from $30.50 to $31.00 in a research report issued on Friday, Benzinga reports. The firm presently has a “neutral” rating on the bank’s stock. JPMorgan Chase & Co.‘s price target would indicate a potential upside of 8.43% from the stock’s previous close.
RF has been the subject of several other reports. TD Cowen assumed coverage on Regions Financial in a research note on Thursday, October 8th. They set a “hold” rating and a $30.00 price objective for the company. UBS Group dropped their target price on Regions Financial from $33.00 to $30.00 and set a “neutral” rating on the stock in a research report on Monday, October 5th. Brean Capital raised Regions Financial from a “neutral” rating to a “buy” rating and set a $33.00 target price on the stock in a research report on Monday, October 19th. Jefferies Financial Group reaffirmed a “hold” rating and issued a $32.00 price target on shares of Regions Financial in a research note on Friday, July 17th. Finally, Truist Financial decreased their price objective on shares of Regions Financial from $31.00 to $30.00 and set a “hold” rating for the company in a report on Tuesday, October 20th. Seven research analysts have rated the stock with a Buy rating, ten have given a Hold rating and three have assigned a Sell rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $31.00.
Regions Financial Price Performance
NYSE RF traded down $0.29 during trading hours on Friday, reaching $28.59. The company’s stock had a trading volume of 11,753,311 shares, compared to its average volume of 11,580,916. Regions Financial has a 1 year low of $23.59 and a 1 year high of $32.47. The company has a quick ratio of 0.81, a current ratio of 0.82 and a debt-to-equity ratio of 0.36. The firm’s 50-day moving average price is $28.56 and its 200-day moving average price is $28.68. The company has a market capitalization of $24.36 billion, a price-to-earnings ratio of 11.21, a PEG ratio of 1.15 and a beta of 1.05.
Regions Financial (NYSE:RF – Get Free Report) last issued its quarterly earnings data on Friday, October 16th. The bank reported $0.73 earnings per share for the quarter, beating analysts’ consensus estimates of $0.67 by $0.06. The company had revenue of $1.99 billion for the quarter, compared to the consensus estimate of $1.99 billion. Regions Financial had a return on equity of 13.43% and a net margin of 23.97%. The firm’s revenue for the quarter was up 3.0% compared to the same quarter last year. During the same quarter last year, the company earned $0.63 earnings per share. On average, equities research analysts predict that Regions Financial will post 2.70 EPS for the current fiscal year.
Institutional Inflows and Outflows
Institutional investors have recently added to or reduced their stakes in the stock. WPG Advisers LLC lifted its stake in shares of Regions Financial by 83.5% during the second quarter. WPG Advisers LLC now owns 813 shares of the bank’s stock worth $25,000 after buying an additional 370 shares during the period. Keating Financial Advisory Services Inc. acquired a new stake in Regions Financial in the second quarter valued at $25,000. Trust Co. of Vermont purchased a new position in Regions Financial during the 2nd quarter worth approximately $26,000. Gables Capital Management Inc. acquired a new position in Regions Financial during the 2nd quarter worth approximately $30,000. Finally, Pin Oak Investment Advisors Inc. acquired a new stake in Regions Financial in the second quarter valued at $36,000. Hedge funds and other institutional investors own 79.39% of the company’s stock.
Regions Financial Company Profile
Regions Financial Corporation (NYSE: RF) is a financial services company headquartered in Birmingham, Alabama. Through its principal subsidiary, Regions Bank, the company provides banking and related financial services to consumers, businesses, institutions and governments.
Regions Bank offers checking and savings accounts, consumer and commercial loans, credit products, mortgages, treasury and cash-management services, investment and wealth-management solutions, and insurance-related services.
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