Brokerages Set Regions Financial Co. (NYSE:RF) PT at $25.53

Shares of Regions Financial Co. (NYSE:RF) have been given an average rating of “Moderate Buy” by the nineteen brokerages that are currently covering the firm, Marketbeat.com reports. One 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. The average 12-month price target among brokerages that have covered the stock in the last year is $25.53.

RF has been the subject of a number of research reports. Citigroup lowered their price target on shares of Regions Financial from $28.00 to $25.00 and set a “buy” rating for the company in a report on Monday, March 24th. Barclays lowered their target price on shares of Regions Financial from $26.00 to $24.00 and set an “underweight” rating for the company in a report on Monday, April 21st. Stephens lowered their target price on shares of Regions Financial from $26.00 to $24.00 and set an “overweight” rating for the company in a report on Monday, April 21st. Truist Financial lowered their target price on shares of Regions Financial from $24.00 to $21.00 and set a “hold” rating for the company in a report on Tuesday, April 22nd. Finally, Morgan Stanley lowered their target price on shares of Regions Financial from $29.00 to $22.00 and set an “equal weight” rating for the company in a report on Monday, April 7th.

Insider Activity at Regions Financial

In related news, Director Joia M. Johnson acquired 2,300 shares of the business’s stock in a transaction that occurred on Tuesday, March 11th. The shares were acquired at an average cost of $21.18 per share, with a total value of $48,714.00. Following the transaction, the director now owns 17,486 shares of the company’s stock, valued at $370,353.48. The trade was a 15.15% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.29% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Regions Financial

Several institutional investors have recently added to or reduced their stakes in the stock. Wealth Preservation Advisors LLC bought a new stake in Regions Financial in the 1st quarter valued at $58,000. CreativeOne Wealth LLC lifted its position in Regions Financial by 27.9% during the 1st quarter. CreativeOne Wealth LLC now owns 41,090 shares of the bank’s stock worth $893,000 after buying an additional 8,964 shares in the last quarter. Samalin Investment Counsel LLC bought a new stake in Regions Financial during the 1st quarter worth about $202,000. Harvest Portfolios Group Inc. lifted its position in Regions Financial by 14.7% during the 1st quarter. Harvest Portfolios Group Inc. now owns 283,078 shares of the bank’s stock worth $6,151,000 after buying an additional 36,332 shares in the last quarter. Finally, Comerica Bank lifted its position in Regions Financial by 1.3% during the 1st quarter. Comerica Bank now owns 273,051 shares of the bank’s stock worth $5,933,000 after buying an additional 3,576 shares in the last quarter. 79.39% of the stock is owned by institutional investors.

Regions Financial Stock Performance

Shares of Regions Financial stock opened at $22.42 on Thursday. The company has a debt-to-equity ratio of 0.37, a current ratio of 0.84 and a quick ratio of 0.83. The firm has a market cap of $20.15 billion, a P/E ratio of 11.56, a P/E/G ratio of 1.93 and a beta of 0.97. The firm has a 50 day simple moving average of $20.64 and a 200 day simple moving average of $23.24. Regions Financial has a fifty-two week low of $17.72 and a fifty-two week high of $27.96.

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

Regions Financial Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 1st. Investors of record on Friday, May 2nd will be given a $0.25 dividend. The ex-dividend date of this dividend is Monday, June 2nd. This represents a $1.00 annualized dividend and a yield of 4.46%. Regions Financial’s dividend payout ratio is currently 48.08%.

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.