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

Regions Financial (NYSE:RF) had its target price upped by investment analysts at Barclays from $25.00 to $26.00 in a note issued to investors on Monday,Benzinga reports. The brokerage currently has an “underweight” rating on the bank’s stock. Barclays‘s price target would indicate a potential upside of 7.84% from the company’s previous close.

Other equities research analysts have also recently issued reports about the company. DA Davidson upped their target price on Regions Financial from $27.00 to $29.00 and gave the stock a “buy” rating in a research note on Monday, October 21st. Wells Fargo & Company boosted their target price on Regions Financial from $24.00 to $28.00 and gave the stock an “equal weight” rating in a research note on Friday, November 15th. StockNews.com upgraded shares of Regions Financial from a “sell” rating to a “hold” rating in a research report on Friday, October 25th. Evercore ISI raised their target price on shares of Regions Financial from $24.50 to $26.00 and gave the company an “in-line” rating in a research report on Wednesday, October 2nd. Finally, Argus upgraded Regions Financial from a “hold” rating to a “buy” rating and set a $26.00 price target for the company in a research note on Thursday, October 24th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and eleven have assigned a buy rating to the stock. According to data from MarketBeat.com, Regions Financial presently has an average rating of “Moderate Buy” and an average price target of $27.67.

Regions Financial Stock Up 2.1 %

Shares of NYSE RF traded up $0.49 during midday trading on Monday, reaching $24.11. The company’s stock had a trading volume of 3,647,712 shares, compared to its average volume of 6,371,098. Regions Financial has a fifty-two week low of $17.42 and a fifty-two week high of $27.96. The stock has a 50 day simple moving average of $25.20 and a 200-day simple moving average of $23.07. The stock has a market capitalization of $21.91 billion, a price-to-earnings ratio of 13.62, a PEG ratio of 2.64 and a beta of 1.21. The company has a current ratio of 0.84, a quick ratio of 0.83 and a debt-to-equity ratio of 0.35.

Regions Financial (NYSE:RF) last posted its earnings results on Friday, October 18th. The bank reported $0.49 earnings per share for the quarter, missing analysts’ consensus estimates 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%. The firm’s revenue was down 3.7% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.49 earnings per share. Equities research analysts predict that Regions Financial will post 2.12 earnings per share for the current year.

Institutional Trading of Regions Financial

Institutional investors have recently bought and sold shares of the company. American National Bank & Trust boosted its position in Regions Financial by 1,856.7% during the 3rd quarter. American National Bank & Trust now owns 1,174 shares of the bank’s stock worth $27,000 after purchasing an additional 1,114 shares during the period. Quarry LP lifted its position in Regions Financial by 157.2% in the 2nd quarter. Quarry LP now owns 1,335 shares of the bank’s stock valued at $27,000 after purchasing an additional 816 shares during the last quarter. Truvestments Capital LLC bought a new stake in shares of Regions Financial during the third quarter valued at about $37,000. Legacy Investment Solutions LLC bought a new position in Regions Financial during the 3rd quarter valued at $37,000. Finally, Benjamin Edwards Inc. boosted its holdings in Regions Financial by 47.0% during the second quarter. Benjamin Edwards Inc. now owns 2,027 shares of the bank’s stock worth $41,000 after buying an additional 648 shares in the last quarter. 79.39% of the stock is currently owned by hedge funds and other institutional investors.

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.