JPMorgan Chase & Co. Boosts Regions Financial (NYSE:RF) Price Target to $31.50

Regions Financial (NYSE:RF) had its price objective boosted by research analysts at JPMorgan Chase & Co. from $29.00 to $31.50 in a research report issued to clients and investors on Monday,Benzinga reports. The firm presently has a “neutral” rating on the bank’s stock. JPMorgan Chase & Co.‘s price target suggests a potential upside of 3.74% from the stock’s current price.

Other research analysts have also issued reports about the stock. Truist Financial reissued a “hold” rating and issued a $30.00 target price on shares of Regions Financial in a research note on Tuesday, April 21st. Morgan Stanley increased their price target on Regions Financial from $34.00 to $35.00 and gave the company an “equal weight” rating in a report on Monday, June 29th. Piper Sandler cut their price target on Regions Financial from $31.00 to $28.00 and set a “neutral” rating for the company in a report on Monday, March 30th. Wells Fargo & Company lifted their price objective on Regions Financial from $28.00 to $30.00 and gave the stock an “underweight” rating in a research report on Monday. Finally, Robert W. Baird reissued an “underperform” rating and set a $28.00 price objective on shares of Regions Financial in a research note on Monday. Six analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and four have issued a Sell rating to the company’s stock. According to MarketBeat, Regions Financial has a consensus rating of “Hold” and an average target price of $30.84.

Regions Financial Price Performance

Shares of NYSE RF opened at $30.36 on Monday. The firm has a 50-day simple moving average of $28.38 and a 200-day simple moving average of $28.01. The stock has a market capitalization of $25.91 billion, a price-to-earnings ratio of 12.65, a price-to-earnings-growth ratio of 1.15 and a beta of 1.00. The company has a quick ratio of 0.80, a current ratio of 0.80 and a debt-to-equity ratio of 0.18. Regions Financial has a 52 week low of $22.70 and a 52 week high of $31.53.

Regions Financial (NYSE:RF) last posted its quarterly earnings results on Friday, April 17th. The bank reported $0.62 earnings per share for the quarter, topping analysts’ consensus estimates of $0.61 by $0.01. Regions Financial had a net margin of 23.13% and a return on equity of 12.70%. The firm had revenue of $1.87 billion for the quarter, compared to analyst estimates of $1.92 billion. During the same period in the previous year, the business posted $0.54 earnings per share. Regions Financial’s quarterly revenue was up 5.0% on a year-over-year basis. On average, equities analysts predict that Regions Financial will post 2.61 earnings per share for the current fiscal year.

Insider Activity

In other news, EVP Brian R. Willman sold 7,014 shares of the firm’s stock in a transaction that occurred on Thursday, May 7th. The shares were sold at an average price of $27.91, for a total value of $195,760.74. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 0.34% of the company’s stock.

Institutional Investors Weigh In On Regions Financial

Large investors have recently bought and sold shares of the stock. Swiss Life Asset Management Ltd raised its holdings in shares of Regions Financial by 244.4% in the 4th quarter. Swiss Life Asset Management Ltd now owns 2,255,888 shares of the bank’s stock valued at $61,135,000 after purchasing an additional 1,600,926 shares in the last quarter. Schroder Investment Management Group lifted its position in shares of Regions Financial by 11.2% during the 3rd quarter. Schroder Investment Management Group now owns 1,732,045 shares of the bank’s stock worth $45,899,000 after buying an additional 173,871 shares during the last quarter. Interval Partners LP lifted its position in shares of Regions Financial by 30.5% during the 3rd quarter. Interval Partners LP now owns 786,307 shares of the bank’s stock worth $20,735,000 after buying an additional 183,694 shares during the last quarter. Korea Investment CORP boosted its holdings in shares of Regions Financial by 177.2% in the 3rd quarter. Korea Investment CORP now owns 2,407,473 shares of the bank’s stock valued at $63,485,000 after buying an additional 1,538,827 shares in the last quarter. Finally, Waterloo Capital L.P. grew its position in shares of Regions Financial by 123.7% in the 4th quarter. Waterloo Capital L.P. now owns 135,909 shares of the bank’s stock valued at $3,683,000 after buying an additional 75,149 shares during the last quarter. Hedge funds and other institutional investors own 79.39% of the company’s stock.

About Regions Financial

Regions Financial Corporation (NYSE: RF) is a U.S. bank holding company headquartered in Birmingham, Alabama, that provides a broad range of banking and financial services. Its primary banking subsidiary, Regions Bank, serves retail and commercial customers through a combination of branch and ATM networks, digital channels and relationship-based delivery. The company offers deposit accounts, consumer and commercial loans, mortgage origination and servicing, and payment and treasury services.

In addition to core banking, Regions offers wealth management, trust and brokerage services, insurance solutions, and capital markets capabilities to corporate and institutional clients.