Regions Financial Corporation (NYSE:RF) Stock Has Average Target Price of $31.53 According to Analysts

Regions Financial Corporation (NYSE:RF) has received a consensus recommendation of “Hold” from the twenty research firms that are presently covering the company, Marketbeat Ratings reports. Three analysts have rated the stock with a sell recommendation, ten have issued a hold recommendation and seven have assigned a buy recommendation to the company. The average 12 month price target among analysts that have issued ratings on the stock in the last year is $31.12.

A number of research analysts have weighed in on the company. Stephens restated an “outperform” rating on shares of Regions Financial in a report on Monday. Wall Street Zen raised shares of Regions Financial from a “sell” rating to a “hold” rating in a research note on Saturday, September 19th. Keefe, Bruyette & Woods raised their price objective on shares of Regions Financial from $32.00 to $33.00 and gave the company a “market perform” rating in a research note on Monday, July 20th. Weiss Ratings restated a “buy (b)” rating on shares of Regions Financial in a report on Thursday, October 15th. Finally, Capital One Financial set a $33.00 price objective on shares of Regions Financial in a research report on Monday.

Regions Financial Price Performance

Shares of Regions Financial stock opened at $28.05 on Thursday. The firm has a market cap of $23.90 billion, a PE ratio of 11.00, a P/E/G ratio of 1.12 and a beta of 1.05. Regions Financial has a twelve month low of $23.59 and a twelve month high of $32.47. The business has a 50-day moving average price of $28.89 and a 200 day moving average price of $29.03. The company has a quick ratio of 0.81, a current ratio of 0.82 and a debt-to-equity ratio of 0.36.

Regions Financial (NYSE:RF) last announced its earnings results on Friday, October 16th. The bank reported $0.73 earnings per share for the quarter, topping the consensus estimate of $0.67 by $0.06. Regions Financial had a return on equity of 13.43% and a net margin of 23.97%. The business had revenue of $1.99 billion during the quarter, compared to the consensus estimate of $1.99 billion. During the same period in the prior year, the company posted $0.63 EPS. The business’s quarterly revenue was up 3.0% on a year-over-year basis. Sell-side analysts predict that Regions Financial will post 2.70 earnings per share for the current fiscal year.

Regions Financial Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, January 4th. Investors of record on Tuesday, December 1st will be given a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 4.3%. The ex-dividend date of this dividend is Tuesday, December 1st. Regions Financial’s dividend payout ratio (DPR) is 47.06%.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the company. Nykredit A S acquired a new position in shares of Regions Financial in the 2nd quarter valued at $236,756,000. Bank of America Corp DE purchased a new stake in Regions Financial in the 2nd quarter valued at approximately $219,068,000. First Trust Advisors LP grew its holdings in Regions Financial by 75.7% during the first quarter. First Trust Advisors LP now owns 13,358,969 shares of the bank’s stock worth $348,936,000 after acquiring an additional 5,754,487 shares during the period. Legal & General Group Plc purchased a new position in shares of Regions Financial in the 2nd quarter valued at about $163,654,000. Finally, Korea Investment CORP purchased a new stake in shares of Regions Financial during the 2nd quarter worth approximately $99,190,000. Hedge funds and other institutional investors own 79.39% of the company’s stock.

Regions Financial Company Profile

Regions Financial Corporation (NYSE: RF) is a financial services company headquartered in Birmingham, Alabama. Through its principal subsidiary, Regions Bank, the company provides banking and related financial services to consumers, businesses, institutions and governments.

Regions Bank offers checking and savings accounts, consumer and commercial loans, credit products, mortgages, treasury and cash-management services, investment and wealth-management solutions, and insurance-related services.