Regions Financial (NYSE:RF) Stock Price Expected to Rise, Barclays Analyst Says

Regions Financial (NYSE:RF) had its target price lifted by Barclays from $25.00 to $26.00 in a research note issued to investors on Monday morning,Benzinga reports. The firm currently has an underweight rating on the bank’s stock.

A number of other equities research analysts also recently weighed in on RF. Keefe, Bruyette & Woods raised Regions Financial from a “market perform” rating to an “outperform” rating and raised their target price for the company from $27.00 to $28.00 in a report on Thursday, October 31st. Wedbush raised their price objective on Regions Financial from $28.00 to $30.00 and gave the company an “outperform” rating in a research note on Monday, October 21st. Morgan Stanley reiterated an “equal weight” rating and issued a $32.00 target price (up previously from $28.00) on shares of Regions Financial in a research report on Monday, December 9th. StockNews.com raised shares of Regions Financial from a “sell” rating to a “hold” rating in a report on Friday, October 25th. Finally, Truist Financial lifted their price target on shares of Regions Financial from $25.00 to $26.00 and gave the company a “hold” rating in a report on Monday, October 21st. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and eleven have assigned a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $27.67.

Regions Financial Trading Up 0.8 %

Shares of RF stock opened at $23.80 on Monday. The stock has a market cap of $21.63 billion, a P/E ratio of 13.45, a price-to-earnings-growth ratio of 2.64 and a beta of 1.21. Regions Financial has a 1 year low of $17.42 and a 1 year high of $27.96. The company has a current ratio of 0.84, a quick ratio of 0.83 and a debt-to-equity ratio of 0.35. The stock has a 50 day simple moving average of $25.20 and a 200 day simple moving average of $23.09.

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 the consensus estimate 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 for the quarter, compared to analyst estimates of $1.80 billion. During the same period last year, the company posted $0.49 earnings per share. The business’s revenue for the quarter was down 3.7% compared to the same quarter last year. On average, research analysts predict that Regions Financial will post 2.12 earnings per share for the current fiscal year.

Regions Financial Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, January 2nd. Shareholders of record on Monday, December 2nd were issued 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 4.20%. Regions Financial’s payout ratio is currently 56.50%.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. American National Bank & Trust increased its stake in Regions Financial by 1,856.7% in the third quarter. American National Bank & Trust now owns 1,174 shares of the bank’s stock valued at $27,000 after purchasing an additional 1,114 shares in the last quarter. Quarry LP boosted its position in shares of 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 purchasing an additional 816 shares in the last quarter. Truvestments Capital LLC acquired a new stake in shares of Regions Financial in the 3rd quarter valued at about $37,000. Legacy Investment Solutions LLC bought a new stake in Regions Financial in the 3rd quarter valued at about $37,000. Finally, Benjamin Edwards Inc. raised its stake in Regions Financial by 47.0% during the 2nd quarter. Benjamin Edwards Inc. now owns 2,027 shares of the bank’s stock worth $41,000 after buying an additional 648 shares during the period. 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.