Regions Financial Co. (NYSE:RF) Receives $27.61 Consensus Target Price from Analysts

Shares of Regions Financial Co. (NYSE:RF) have received a consensus rating of “Moderate Buy” from the eighteen brokerages that are presently covering the company, MarketBeat reports. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and eleven have assigned a buy rating to the company. The average 12 month price target among brokers that have updated their coverage on the stock in the last year is $27.61.

Several research analysts have recently weighed in on RF shares. Stephens upgraded shares of Regions Financial from an “equal weight” rating to an “overweight” rating and set a $26.00 price objective on the stock in a report on Tuesday, October 29th. Compass Point increased their price target on shares of Regions Financial from $25.00 to $31.00 and gave the stock a “buy” rating in a research note on Tuesday, December 10th. Deutsche Bank Aktiengesellschaft raised shares of Regions Financial from a “hold” rating to a “buy” rating and boosted their price objective for the company from $24.00 to $26.00 in a research note on Thursday, October 24th. Piper Sandler increased their target price on Regions Financial from $25.00 to $29.00 and gave the stock a “neutral” rating in a research report on Tuesday, December 3rd. Finally, Truist Financial boosted their price target on Regions Financial from $25.00 to $26.00 and gave the company a “hold” rating in a research report on Monday, October 21st.

Regions Financial Stock Performance

Shares of RF opened at $23.62 on Friday. Regions Financial has a 1 year low of $17.42 and a 1 year high of $27.96. The company’s 50 day simple moving average is $25.20 and its 200 day simple moving average is $23.07. The company has a market capitalization of $21.47 billion, a price-to-earnings ratio of 13.34, a PEG ratio of 2.64 and a beta of 1.21. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.83 and a current ratio of 0.84.

Regions Financial (NYSE:RF) last posted 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 for the quarter, compared to analyst estimates of $1.80 billion. Regions Financial had a return on equity of 12.60% and a net margin of 18.78%. Regions Financial’s revenue for the quarter was down 3.7% compared to the same quarter last year. During the same quarter last year, the business earned $0.49 EPS. On average, sell-side analysts predict that Regions Financial will post 2.12 EPS for the current year.

Regions Financial Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, January 2nd. Shareholders of record on Monday, December 2nd were given a $0.25 dividend. The ex-dividend date was Monday, December 2nd. This represents a $1.00 dividend on an annualized basis and a yield of 4.23%. Regions Financial’s payout ratio is currently 56.50%.

Institutional Investors Weigh In On Regions Financial

Hedge funds have recently bought and sold shares of the business. State Street Corp grew its position in shares of Regions Financial by 16.3% during the third quarter. State Street Corp now owns 55,485,987 shares of the bank’s stock worth $1,306,813,000 after buying an additional 7,791,399 shares in the last quarter. National Bank of Canada FI boosted its stake in Regions Financial by 575.8% during the 3rd quarter. National Bank of Canada FI now owns 1,705,273 shares of the bank’s stock valued at $39,784,000 after acquiring an additional 1,452,956 shares during the last quarter. Allspring Global Investments Holdings LLC grew its holdings in Regions Financial by 13.3% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 8,625,734 shares of the bank’s stock worth $201,238,000 after acquiring an additional 1,014,706 shares in the last quarter. Dimensional Fund Advisors LP grew its holdings in Regions Financial by 7.4% during the 2nd quarter. Dimensional Fund Advisors LP now owns 14,252,693 shares of the bank’s stock worth $285,562,000 after acquiring an additional 979,597 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. increased its position in shares of Regions Financial by 3.0% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 27,786,933 shares of the bank’s stock worth $648,269,000 after purchasing an additional 816,226 shares during the last quarter. Institutional investors and hedge funds 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.