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

Shares of Regions Financial Co. (NYSE:RF) have received an average rating of “Moderate Buy” from the eighteen research firms that are covering the company, Marketbeat.com reports. One research analyst has rated the stock with a sell rating, six have issued a hold rating and eleven have assigned a buy rating to the company. The average 12-month target price among brokers that have issued a report on the stock in the last year is $27.56.

RF has been the subject of several analyst reports. Piper Sandler raised their target price on shares of Regions Financial from $25.00 to $29.00 and gave the company a “neutral” rating in a research note on Tuesday, December 3rd. Truist Financial lifted their target price on Regions Financial from $25.00 to $26.00 and gave the stock a “hold” rating in a report on Tuesday, January 21st. Citigroup dropped their price target on Regions Financial from $30.00 to $28.00 and set a “buy” rating for the company in a research note on Wednesday, March 12th. The Goldman Sachs Group boosted their price target on Regions Financial from $29.00 to $33.00 and gave the company a “buy” rating in a research note on Tuesday, November 26th. Finally, Barclays boosted their target price on Regions Financial from $25.00 to $26.00 and gave the stock an “underweight” rating in a research note on Monday, January 6th.

Insider Buying and Selling

In other news, Director Joia M. Johnson acquired 2,300 shares of the business’s stock in a transaction that occurred on Tuesday, March 11th. The shares were bought at an average cost of $21.18 per share, with a total value of $48,714.00. Following the transaction, the director now owns 17,486 shares of the company’s stock, valued at $370,353.48. This trade represents a 15.15 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders acquired a total of 4,523 shares of company stock worth $102,269 in the last three months. 0.29% of the stock is owned by corporate insiders.

Institutional Trading of Regions Financial

A number of institutional investors have recently made changes to their positions in RF. 111 Capital bought a new stake in Regions Financial during the 4th quarter worth approximately $204,000. Wealth Enhancement Advisory Services LLC increased its position in Regions Financial by 51.2% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 229,249 shares of the bank’s stock worth $5,392,000 after purchasing an additional 77,586 shares during the last quarter. Lansforsakringar Fondforvaltning AB publ bought a new stake in Regions Financial in the fourth quarter worth $307,000. Siemens Fonds Invest GmbH increased its position in Regions Financial by 345.8% in the fourth quarter. Siemens Fonds Invest GmbH now owns 44,148 shares of the bank’s stock worth $1,038,000 after purchasing an additional 34,244 shares during the last quarter. Finally, Universal Beteiligungs und Servicegesellschaft mbH bought a new position in Regions Financial during the fourth quarter valued at $16,421,000. Hedge funds and other institutional investors own 79.39% of the company’s stock.

Regions Financial Stock Performance

Shares of NYSE:RF opened at $21.48 on Wednesday. The company has a market capitalization of $19.44 billion, a price-to-earnings ratio of 11.07, a P/E/G ratio of 1.93 and a beta of 1.19. The firm’s 50 day simple moving average is $23.57 and its 200 day simple moving average is $23.99. The company has a debt-to-equity ratio of 0.37, a current ratio of 0.84 and a quick ratio of 0.83. Regions Financial has a fifty-two week low of $17.72 and a fifty-two week high of $27.96.

Regions Financial (NYSE:RF) last announced its earnings results on Friday, January 17th. The bank reported $0.56 EPS for the quarter, topping the consensus estimate of $0.55 by $0.01. Regions Financial had a net margin of 20.20% and a return on equity of 12.83%. The firm had revenue of $1.82 billion for the quarter, compared to the consensus estimate of $1.86 billion. During the same period last year, the company posted $0.39 EPS. The business’s quarterly revenue was up .2% on a year-over-year basis. As a group, sell-side analysts forecast that Regions Financial will post 2.26 earnings per share for the current year.

Regions Financial Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 1st. Shareholders of record on Monday, March 3rd will be issued a $0.25 dividend. The ex-dividend date is Monday, March 3rd. This represents a $1.00 annualized dividend and a yield of 4.66%. Regions Financial’s dividend payout ratio (DPR) is presently 51.55%.

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.