Morgan Stanley Issues Pessimistic Forecast for Regions Financial (NYSE:RF) Stock Price

Regions Financial (NYSE:RF) had its target price cut by stock analysts at Morgan Stanley from $29.00 to $22.00 in a report issued on Monday,Benzinga reports. The brokerage presently has an “equal weight” rating on the bank’s stock. Morgan Stanley’s price target points to a potential upside of 20.78% from the company’s current price.

RF has been the topic of several other reports. Citigroup lowered their price objective on Regions Financial from $28.00 to $25.00 and set a “buy” rating on the stock in a research report on Monday, March 24th. Truist Financial cut their target price on shares of Regions Financial from $26.00 to $24.00 and set a “hold” rating for the company in a research report on Friday, March 21st. Compass Point increased their price objective 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. Barclays boosted their price target on Regions Financial from $25.00 to $26.00 and gave the company an “underweight” rating in a report on Monday, January 6th. Finally, Wells Fargo & Company decreased their price objective on Regions Financial from $28.00 to $26.00 and set an “equal weight” rating on the stock in a research note on Friday, March 28th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and eleven have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $26.42.

Regions Financial Stock Down 2.5 %

RF stock opened at $18.22 on Monday. The business’s 50 day moving average price is $22.50 and its two-hundred day moving average price is $23.78. Regions Financial has a fifty-two week low of $17.72 and a fifty-two week high of $27.96. The company has a market capitalization of $16.49 billion, a price-to-earnings ratio of 9.39, a price-to-earnings-growth ratio of 1.93 and a beta of 1.01. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.83 and a current ratio of 0.84.

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

Insider Buying and Selling at Regions Financial

In other news, Director Joia M. Johnson acquired 2,300 shares of Regions Financial stock in a transaction on Tuesday, March 11th. The shares were acquired at an average price of $21.18 per share, with a total value of $48,714.00. Following the purchase, the director now directly owns 17,486 shares in the company, valued at $370,353.48. The trade was a 15.15 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Insiders purchased 3,868 shares of company stock valued at $86,722 in the last 90 days. Insiders own 0.29% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of RF. LBP AM SA lifted its position in Regions Financial by 149.4% during the fourth quarter. LBP AM SA now owns 730,614 shares of the bank’s stock valued at $17,184,000 after purchasing an additional 437,691 shares during the last quarter. Aigen Investment Management LP bought a new position in shares of Regions Financial in the 4th quarter valued at about $1,965,000. Aprio Wealth Management LLC bought a new position in shares of Regions Financial in the 4th quarter valued at about $1,247,000. Nordea Investment Management AB grew its position in Regions Financial by 60.4% in the fourth quarter. Nordea Investment Management AB now owns 263,131 shares of the bank’s stock worth $6,220,000 after acquiring an additional 99,115 shares in the last quarter. Finally, Vest Financial LLC increased its stake in Regions Financial by 20.4% during the fourth quarter. Vest Financial LLC now owns 1,479,865 shares of the bank’s stock worth $34,806,000 after acquiring an additional 250,729 shares during the last quarter. 79.39% of the stock is owned by hedge funds and other 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.