Regions Financial (NYSE:RF) Price Target Lowered to $25.00 at The Goldman Sachs Group

Regions Financial (NYSE:RF) had its price objective reduced by The Goldman Sachs Group from $28.00 to $25.00 in a report issued on Tuesday,Benzinga reports. They currently have a buy rating on the bank’s stock.

Several other equities research analysts have also recently weighed in on RF. JPMorgan Chase & Co. reduced their price target on Regions Financial from $26.00 to $23.00 and set a “neutral” rating on the stock in a research note on Thursday, April 3rd. Keefe, Bruyette & Woods decreased their price target on shares of Regions Financial from $28.00 to $26.00 and set an “outperform” rating for the company in a research note on Monday. Morgan Stanley cut their price objective on shares of Regions Financial from $29.00 to $22.00 and set an “equal weight” rating on the stock in a report on Monday, April 7th. Truist Financial lowered their target price on shares of Regions Financial from $26.00 to $24.00 and set a “hold” rating for the company in a report on Friday, March 21st. Finally, Stephens cut their price target on Regions Financial from $26.00 to $24.00 and set an “overweight” rating on the stock in a research note on Monday. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and eleven have issued a buy rating to the company’s stock. According to MarketBeat, Regions Financial has a consensus rating of “Moderate Buy” and a consensus target price of $25.53.

Regions Financial Trading Up 3.5 %

NYSE:RF opened at $19.76 on Tuesday. The company has a 50-day moving average price of $21.41 and a 200-day moving average price of $23.52. The stock has a market cap of $17.89 billion, a price-to-earnings ratio of 10.18, a P/E/G ratio of 1.93 and a beta of 1.01. The company has a current ratio of 0.84, a quick ratio of 0.83 and a debt-to-equity ratio of 0.37. Regions Financial has a 12 month low of $17.72 and a 12 month high of $27.96.

Regions Financial (NYSE:RF) last issued its quarterly earnings data on Thursday, April 17th. The bank reported $0.54 EPS for the quarter, topping the consensus estimate of $0.51 by $0.03. Regions Financial had a net margin of 20.20% and a return on equity of 12.83%. The business had revenue of $1.81 billion during the quarter, compared to analyst estimates of $1.84 billion. During the same period last year, the business posted $0.37 earnings per share. Equities analysts predict that Regions Financial will post 2.26 EPS for the current year.

Regions Financial Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, July 1st. Investors of record on Friday, May 2nd will be issued a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 5.06%. The ex-dividend date of this dividend is Monday, June 2nd. Regions Financial’s dividend payout ratio is currently 48.08%.

Insider Buying and Selling at Regions Financial

In other news, Director Joia M. Johnson purchased 2,300 shares of the business’s stock in a transaction on Tuesday, March 11th. The stock was acquired at an average cost of $21.18 per share, for a total transaction of $48,714.00. Following the purchase, the director now directly owns 17,486 shares in the company, valued at $370,353.48. This trade represents a 15.15 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.29% of the company’s stock.

Hedge Funds Weigh In On Regions Financial

Institutional investors and hedge funds have recently made changes to their positions in the business. Cambridge Investment Research Advisors Inc. increased its holdings in Regions Financial by 12.0% during the first quarter. Cambridge Investment Research Advisors Inc. now owns 156,593 shares of the bank’s stock valued at $3,403,000 after buying an additional 16,801 shares during the last quarter. Manning & Napier Advisors LLC purchased a new stake in shares of Regions Financial in the 1st quarter worth $1,225,000. Monte Financial Group LLC raised its holdings in Regions Financial by 1.3% in the 1st quarter. Monte Financial Group LLC now owns 239,514 shares of the bank’s stock worth $5,205,000 after purchasing an additional 2,991 shares during the period. Stonegate Investment Group LLC lifted its position in Regions Financial by 142.3% during the first quarter. Stonegate Investment Group LLC now owns 411,298 shares of the bank’s stock valued at $8,938,000 after purchasing an additional 241,517 shares in the last quarter. Finally, Advisor Resource Council bought a new stake in Regions Financial during the first quarter valued at about $2,420,000. Hedge funds and other institutional investors own 79.39% of the company’s stock.

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.