Regions Financial (NYSE:RF) PT Lowered to $20.00 at Truist Financial

Regions Financial (NYSE:RFGet Free Report) had its price objective reduced by equities research analysts at Truist Financial from $22.00 to $20.00 in a research report issued to clients and investors on Monday, Benzinga reports. The firm currently has a “hold” rating on the bank’s stock. Truist Financial’s price objective would suggest a potential upside of 5.82% from the company’s current price.

Several other brokerages have also recently commented on RF. Stephens reiterated an “equal weight” rating and set a $21.00 target price on shares of Regions Financial in a research report on Tuesday, January 23rd. Royal Bank of Canada upped their target price on shares of Regions Financial from $19.00 to $21.00 and gave the company an “outperform” rating in a research report on Monday, January 22nd. Barclays reiterated an “underweight” rating and set a $22.00 target price (up previously from $20.00) on shares of Regions Financial in a research report on Tuesday, January 2nd. Argus cut shares of Regions Financial from a “buy” rating to a “hold” rating in a research report on Tuesday, January 23rd. Finally, Keefe, Bruyette & Woods upped their price objective on shares of Regions Financial from $21.00 to $22.00 and gave the company a “market perform” rating in a research report on Friday, April 5th. Two investment analysts have rated the stock with a sell rating, eleven have given a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat, Regions Financial currently has an average rating of “Hold” and a consensus target price of $20.28.

Check Out Our Latest Analysis on RF

Regions Financial Stock Down 0.5 %

NYSE:RF opened at $18.90 on Monday. The stock’s fifty day moving average price is $19.32 and its two-hundred day moving average price is $18.01. Regions Financial has a 52-week low of $13.72 and a 52-week high of $21.08. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.82 and a current ratio of 0.83. The company has a market cap of $17.37 billion, a price-to-earnings ratio of 10.27, a P/E/G ratio of 1.37 and a beta of 1.21.

Regions Financial (NYSE:RFGet Free Report) last posted its quarterly earnings data on Friday, April 19th. The bank reported $0.37 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.45 by ($0.08). The firm had revenue of $1.75 billion for the quarter, compared to analyst estimates of $1.75 billion. Regions Financial had a return on equity of 13.28% and a net margin of 19.75%. The firm’s quarterly revenue was down 10.5% compared to the same quarter last year. During the same period in the prior year, the company posted $0.62 EPS. On average, analysts anticipate that Regions Financial will post 1.97 EPS for the current year.

Institutional Investors Weigh In On Regions Financial

Hedge funds have recently bought and sold shares of the company. Advisor Resource Council acquired a new stake in Regions Financial in the 4th quarter valued at about $1,944,000. Vestmark Advisory Solutions Inc. lifted its stake in Regions Financial by 126.3% in the 3rd quarter. Vestmark Advisory Solutions Inc. now owns 26,436 shares of the bank’s stock valued at $455,000 after purchasing an additional 14,756 shares during the last quarter. LPL Financial LLC lifted its stake in Regions Financial by 19.6% in the 3rd quarter. LPL Financial LLC now owns 582,491 shares of the bank’s stock valued at $10,019,000 after purchasing an additional 95,271 shares during the last quarter. Vaughan David Investments LLC IL lifted its stake in Regions Financial by 48.9% in the 4th quarter. Vaughan David Investments LLC IL now owns 2,470,891 shares of the bank’s stock valued at $47,886,000 after purchasing an additional 811,174 shares during the last quarter. Finally, Vest Financial LLC lifted its stake in Regions Financial by 27.5% in the 4th quarter. Vest Financial LLC now owns 653,048 shares of the bank’s stock valued at $12,656,000 after purchasing an additional 141,008 shares during the last quarter. 79.39% of the stock is currently owned by institutional investors and hedge funds.

About Regions Financial

(Get Free Report)

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.

See Also

Analyst Recommendations for Regions Financial (NYSE:RF)

Receive News & Ratings for Regions Financial Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Regions Financial and related companies with MarketBeat.com's FREE daily email newsletter.