Regions Financial (NYSE:RF) PT Raised to $21.00 at Piper Sandler

Regions Financial (NYSE:RF) had its price target hoisted by Piper Sandler from $20.00 to $21.00 in a research note issued to investors on Friday, Benzinga reports. Piper Sandler currently has a neutral rating on the bank’s stock.

Several other equities research analysts have also recently weighed in on the stock. Citigroup raised shares of Regions Financial from a neutral rating to a buy rating and increased their price target for the company from $20.00 to $23.00 in a research report on Monday, March 18th. Keefe, Bruyette & Woods boosted their price target on Regions Financial from $21.00 to $22.00 and gave the company a market perform rating in a report on Friday, April 5th. Evercore ISI increased their price objective on Regions Financial from $20.00 to $22.00 and gave the stock an in-line rating in a report on Thursday, March 28th. Royal Bank of Canada boosted their target price on Regions Financial from $19.00 to $21.00 and gave the company an outperform rating in a research note on Monday, January 22nd. Finally, Jefferies Financial Group upgraded Regions Financial from a hold rating to a buy rating and upped their target price for the company from $15.00 to $22.00 in a report on Tuesday, January 9th. Two analysts have rated the stock with a sell rating, eleven have given a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of Hold and an average price target of $20.34.

Regions Financial Stock Up 0.2 %

Shares of NYSE:RF opened at $19.66 on Friday. The stock has a market capitalization of $18.06 billion, a P/E ratio of 10.68, a price-to-earnings-growth ratio of 1.43 and a beta of 1.21. The stock’s 50-day moving average price is $19.46 and its 200-day moving average price is $18.14. The company has a current ratio of 0.83, a quick ratio of 0.82 and a debt-to-equity ratio of 0.22. Regions Financial has a 12-month low of $13.72 and a 12-month high of $21.08.

Regions Financial (NYSE:RF) last posted its quarterly earnings results on Friday, April 19th. The bank reported $0.37 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.45 by ($0.08). Regions Financial had a return on equity of 13.28% and a net margin of 19.75%. The company had revenue of $1.75 billion for the quarter, compared to the consensus estimate of $1.75 billion. During the same quarter in the previous year, the business earned $0.62 earnings per share. Regions Financial’s revenue was down 10.5% compared to the same quarter last year. On average, equities analysts anticipate that Regions Financial will post 1.95 earnings per share for the current year.

Regions Financial Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, July 1st. Stockholders of record on Monday, June 3rd will be paid a $0.24 dividend. The ex-dividend date is Friday, May 31st. This represents a $0.96 annualized dividend and a dividend yield of 4.88%. Regions Financial’s dividend payout ratio is presently 52.17%.

Insider Activity

In other Regions Financial news, Director William C. Rhodes III bought 50,000 shares of Regions Financial stock in a transaction on Tuesday, April 23rd. The stock was acquired at an average price of $19.37 per share, with a total value of $968,500.00. Following the acquisition, the director now owns 50,000 shares in the company, valued at $968,500. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Corporate insiders own 0.33% of the company’s stock.

Institutional Trading of Regions Financial

A number of institutional investors have recently made changes to their positions in RF. Laurel Wealth Advisors LLC boosted its holdings in Regions Financial by 86.5% in the fourth quarter. Laurel Wealth Advisors LLC now owns 1,399 shares of the bank’s stock worth $27,000 after purchasing an additional 649 shares during the last quarter. MV Capital Management Inc. boosted its stake in shares of Regions Financial by 75.6% in the 1st quarter. MV Capital Management Inc. now owns 1,435 shares of the bank’s stock worth $30,000 after buying an additional 618 shares during the last quarter. ICA Group Wealth Management LLC bought a new stake in shares of Regions Financial in the fourth quarter worth $28,000. Sound Income Strategies LLC increased its position in Regions Financial by 103.2% during the fourth quarter. Sound Income Strategies LLC now owns 1,477 shares of the bank’s stock valued at $29,000 after acquiring an additional 750 shares during the last quarter. Finally, Moisand Fitzgerald Tamayo LLC purchased a new stake in Regions Financial during the third quarter valued at $26,000. 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.