Regions Financial (NYSE:RF) Price Target Raised to $26.00

Regions Financial (NYSE:RF) had its target price boosted by Truist Financial from $25.00 to $26.00 in a research report sent to investors on Tuesday morning,Benzinga reports. The brokerage currently has a hold rating on the bank’s stock.

RF has been the subject of a number of other reports. Morgan Stanley reissued an “equal weight” rating and issued a $32.00 price target (up from $28.00) on shares of Regions Financial in a report on Monday, December 9th. Evercore ISI lifted their target price on Regions Financial from $24.50 to $26.00 and gave the stock an “in-line” rating in a research report on Wednesday, October 2nd. Compass Point upped their price target on Regions Financial from $25.00 to $31.00 and gave the company a “buy” rating in a report on Tuesday, December 10th. The Goldman Sachs Group lifted their price objective on Regions Financial from $29.00 to $33.00 and gave the stock a “buy” rating in a report on Tuesday, November 26th. Finally, Wedbush upped their target price on Regions Financial from $28.00 to $30.00 and gave the company an “outperform” rating in a research note on Monday, October 21st. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and eleven have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $27.67.

Regions Financial Stock Down 0.5 %

RF opened at $24.21 on Tuesday. The firm has a market cap of $22.00 billion, a P/E ratio of 12.48, a price-to-earnings-growth ratio of 1.96 and a beta of 1.21. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.83 and a current ratio of 0.84. The business has a 50 day moving average price of $25.01 and a 200 day moving average price of $23.49. Regions Financial has a twelve month low of $17.42 and a twelve month high of $27.96.

Regions Financial (NYSE:RF) last posted its quarterly earnings data on Friday, January 17th. The bank reported $0.56 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.55 by $0.01. The business had revenue of $1.82 billion during the quarter, compared to the consensus estimate of $1,857,300 billion. Regions Financial had a net margin of 20.20% and a return on equity of 12.83%. Regions Financial’s quarterly revenue was up .2% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.39 EPS. Research analysts forecast that Regions Financial will post 2.29 EPS for the current year.

Institutional Investors Weigh In On Regions Financial

A number of hedge funds have recently added to or reduced their stakes in RF. Quarry LP lifted its position in shares of Regions Financial by 29.5% during the third quarter. Quarry LP now owns 1,729 shares of the bank’s stock worth $40,000 after purchasing an additional 394 shares in the last quarter. Ballentine Partners LLC raised its position in Regions Financial by 2.5% in the 4th quarter. Ballentine Partners LLC now owns 17,458 shares of the bank’s stock worth $411,000 after purchasing an additional 420 shares during the last quarter. Private Advisor Group LLC lifted its holdings in Regions Financial by 1.8% during the 3rd quarter. Private Advisor Group LLC now owns 24,928 shares of the bank’s stock worth $581,000 after buying an additional 429 shares in the last quarter. CWM LLC boosted its position in Regions Financial by 1.1% in the 3rd quarter. CWM LLC now owns 42,346 shares of the bank’s stock valued at $988,000 after buying an additional 480 shares during the last quarter. Finally, Resonant Capital Advisors LLC raised its position in shares of Regions Financial by 2.4% during the third quarter. Resonant Capital Advisors LLC now owns 21,845 shares of the bank’s stock worth $515,000 after acquiring an additional 506 shares during the last quarter. Institutional investors own 79.39% of the company’s stock.

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.