Regions Financial (NYSE:RF) Stock Price Expected to Rise, The Goldman Sachs Group Analyst Says

Regions Financial (NYSE:RF) had its target price upped by equities research analysts at The Goldman Sachs Group from $29.00 to $33.00 in a report issued on Tuesday,Benzinga reports. The firm currently has a “buy” rating on the bank’s stock. The Goldman Sachs Group’s target price would suggest a potential upside of 21.06% from the stock’s current price.

A number of other analysts have also commented on RF. Barclays boosted their price objective on shares of Regions Financial from $22.00 to $25.00 and gave the stock an “underweight” rating in a research report on Monday, October 21st. Truist Financial increased their price objective on shares of Regions Financial from $25.00 to $26.00 and gave the stock a “hold” rating in a research note on Monday, October 21st. DA Davidson lifted their target price on Regions Financial from $27.00 to $29.00 and gave the company a “buy” rating in a research report on Monday, October 21st. Wedbush upped their target price on Regions Financial from $28.00 to $30.00 and gave the stock an “outperform” rating in a report on Monday, October 21st. Finally, Morgan Stanley raised their price target on Regions Financial from $25.00 to $28.00 and gave the company an “overweight” rating in a research note on Tuesday, July 30th. One analyst has rated the stock with a sell rating, six have given a hold rating and eleven have assigned a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $26.71.

Regions Financial Stock Down 0.2 %

Shares of NYSE RF opened at $27.26 on Tuesday. Regions Financial has a 52-week low of $15.82 and a 52-week high of $27.96. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.83 and a current ratio of 0.84. The stock has a market cap of $24.78 billion, a P/E ratio of 15.40, a P/E/G ratio of 2.85 and a beta of 1.16. The firm has a 50 day moving average price of $24.34 and a 200 day moving average price of $22.00.

Regions Financial (NYSE:RF) last issued its quarterly earnings data on Friday, October 18th. The bank reported $0.49 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.53 by ($0.04). The business had revenue of $1.79 billion during the quarter, compared to analyst estimates of $1.80 billion. Regions Financial had a net margin of 18.78% and a return on equity of 12.60%. Regions Financial’s revenue for the quarter was down 3.7% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.49 earnings per share. Analysts expect that Regions Financial will post 2.12 EPS for the current year.

Hedge Funds Weigh In On Regions Financial

Several large investors have recently modified their holdings of the stock. EntryPoint Capital LLC bought a new position in shares of Regions Financial during the first quarter worth approximately $26,000. American National Bank & Trust increased its position in Regions Financial by 1,856.7% during the 3rd quarter. American National Bank & Trust now owns 1,174 shares of the bank’s stock worth $27,000 after buying an additional 1,114 shares during the period. Quarry LP increased its position in Regions Financial by 157.2% during the 2nd quarter. Quarry LP now owns 1,335 shares of the bank’s stock worth $27,000 after buying an additional 816 shares during the period. Whittier Trust Co. of Nevada Inc. lifted its holdings in shares of Regions Financial by 530.0% during the second quarter. Whittier Trust Co. of Nevada Inc. now owns 1,493 shares of the bank’s stock worth $30,000 after buying an additional 1,256 shares in the last quarter. Finally, Innealta Capital LLC bought a new stake in shares of Regions Financial in the second quarter valued at about $32,000. 79.39% of the stock is owned by institutional investors.

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.