Regions Financial Co. (NYSE:RF) Receives Average Recommendation of “Moderate Buy” from Analysts

Shares of Regions Financial Co. (NYSE:RF) have been given a consensus rating of “Moderate Buy” by the seventeen brokerages that are covering the firm, MarketBeat reports. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and eleven have assigned a buy rating to the company. The average 1 year price objective among brokers that have updated their coverage on the stock in the last year is $25.94.

A number of equities analysts recently issued reports on the stock. Argus raised shares of Regions Financial from a “hold” rating to a “buy” rating and set a $26.00 target price on the stock in a research report on Thursday, October 24th. Truist Financial boosted their price objective on shares of Regions Financial from $25.00 to $26.00 and gave the stock a “hold” rating in a report on Monday, October 21st. StockNews.com upgraded shares of Regions Financial from a “sell” rating to a “hold” rating in a research note on Friday, October 25th. Citigroup upped their price target on Regions Financial from $25.00 to $26.00 and gave the company a “buy” rating in a report on Thursday, September 19th. Finally, The Goldman Sachs Group upped their target price on Regions Financial from $25.00 to $28.00 and gave the company a “buy” rating in a research note on Monday, October 7th.

Regions Financial Stock Down 0.3 %

RF stock opened at $26.09 on Thursday. The firm has a market capitalization of $23.71 billion, a P/E ratio of 14.74, a P/E/G ratio of 2.74 and a beta of 1.16. The company’s 50 day simple moving average is $23.39 and its 200-day simple moving average is $21.47. The company has a debt-to-equity ratio of 0.35, a current ratio of 0.84 and a quick ratio of 0.83. Regions Financial has a 52-week low of $15.49 and a 52-week high of $26.73.

Regions Financial (NYSE:RF) last released its earnings results 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). Regions Financial had a return on equity of 12.60% and a net margin of 18.78%. The company had revenue of $1.79 billion during the quarter, compared to analysts’ expectations of $1.80 billion. During the same quarter in the previous year, the company earned $0.49 EPS. The firm’s quarterly revenue was down 3.7% compared to the same quarter last year. As a group, equities research analysts anticipate that Regions Financial will post 2.1 EPS for the current year.

Regions Financial Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, January 2nd. Shareholders of record on Monday, December 2nd will be paid a $0.25 dividend. The ex-dividend date is Monday, December 2nd. This represents a $1.00 annualized dividend and a yield of 3.83%. Regions Financial’s dividend payout ratio (DPR) is presently 56.50%.

Institutional Trading of Regions Financial

A number of institutional investors and hedge funds have recently added to or reduced their stakes in RF. CreativeOne Wealth LLC boosted its position in Regions Financial by 4.0% during the third quarter. CreativeOne Wealth LLC now owns 36,973 shares of the bank’s stock worth $863,000 after purchasing an additional 1,425 shares in the last quarter. Healthcare of Ontario Pension Plan Trust Fund increased its position in shares of Regions Financial by 102.7% in the third quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 755,100 shares of the bank’s stock valued at $17,616,000 after buying an additional 382,500 shares in the last quarter. Glenmede Trust Co. NA raised its stake in shares of Regions Financial by 2.9% during the 3rd quarter. Glenmede Trust Co. NA now owns 620,467 shares of the bank’s stock worth $14,475,000 after buying an additional 17,753 shares during the period. Cadence Bank lifted its position in shares of Regions Financial by 2.4% during the 3rd quarter. Cadence Bank now owns 78,171 shares of the bank’s stock valued at $1,824,000 after buying an additional 1,834 shares in the last quarter. Finally, Brooklyn Investment Group acquired a new stake in Regions Financial in the 3rd quarter valued at $174,000. Institutional investors and hedge funds 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.