Analysts Set Regions Financial Co. (NYSE:RF) Price Target at $20.34

Regions Financial Co. (NYSE:RF) has earned an average rating of “Hold” from the eighteen research firms that are currently covering the firm, Marketbeat reports. One investment analyst has rated the stock with a sell rating, eleven have assigned a hold rating and six have issued a buy rating on the company. The average 1-year price objective among analysts that have issued ratings on the stock in the last year is $20.34.

Several analysts recently commented on the company. Piper Sandler raised their price objective on Regions Financial from $20.00 to $21.00 and gave the stock a “neutral” rating in a research note on Friday, April 26th. Evercore ISI increased their target price on Regions Financial from $20.00 to $22.00 and gave the stock an “in-line” rating in a report on Thursday, March 28th. Jefferies Financial Group upgraded Regions Financial from a “hold” rating to a “buy” rating and increased their target price for the stock from $15.00 to $22.00 in a report on Tuesday, January 9th. Keefe, Bruyette & Woods increased their target price on Regions Financial from $21.00 to $22.00 and gave the stock a “market perform” rating in a report on Friday, April 5th. Finally, Citigroup upgraded Regions Financial from a “neutral” rating to a “buy” rating and increased their target price for the stock from $20.00 to $23.00 in a report on Monday, March 18th.

Regions Financial Stock Performance

Shares of Regions Financial stock opened at $19.26 on Friday. The company has a market capitalization of $17.69 billion, a PE ratio of 10.46, a PEG ratio of 1.43 and a beta of 1.21. Regions Financial has a 12 month low of $13.72 and a 12 month high of $21.08. The company has a current ratio of 0.83, a quick ratio of 0.82 and a debt-to-equity ratio of 0.22. The stock’s fifty day simple moving average is $19.47 and its 200 day simple moving average is $18.16.

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

Regions Financial Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, July 1st. Stockholders of record on Monday, June 3rd will be issued a $0.24 dividend. This represents a $0.96 annualized dividend and a dividend yield of 4.99%. The ex-dividend date is Friday, May 31st. Regions Financial’s payout ratio is 52.17%.

Insider Activity

In other Regions Financial news, Director William C. Rhodes III purchased 50,000 shares of Regions Financial stock in a transaction that occurred on Tuesday, April 23rd. The stock was acquired at an average price of $19.37 per share, for a total transaction of $968,500.00. Following the completion of the acquisition, the director now owns 50,000 shares of the company’s stock, valued at approximately $968,500. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 0.33% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Regions Financial

Hedge funds and other institutional investors have recently bought and sold shares of the business. Whittier Trust Co. lifted its position in Regions Financial by 16.5% during the fourth quarter. Whittier Trust Co. now owns 3,881 shares of the bank’s stock worth $75,000 after acquiring an additional 549 shares during the last quarter. HB Wealth Management LLC lifted its position in Regions Financial by 0.6% during the first quarter. HB Wealth Management LLC now owns 96,720 shares of the bank’s stock worth $2,035,000 after acquiring an additional 551 shares during the last quarter. CWM LLC lifted its position in Regions Financial by 1.4% during the first quarter. CWM LLC now owns 41,137 shares of the bank’s stock worth $866,000 after acquiring an additional 556 shares during the last quarter. Perigon Wealth Management LLC lifted its position in Regions Financial by 2.8% during the first quarter. Perigon Wealth Management LLC now owns 20,594 shares of the bank’s stock worth $433,000 after acquiring an additional 565 shares during the last quarter. Finally, Signet Financial Management LLC lifted its position in Regions Financial by 4.9% during the first quarter. Signet Financial Management LLC now owns 12,438 shares of the bank’s stock worth $262,000 after acquiring an additional 584 shares during the last quarter. 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.