Regions Financial Corporation (NYSE:RF) Receives $27.33 Consensus Target Price from Brokerages

Shares of Regions Financial Corporation (NYSE:RF) have been given an average recommendation of “Moderate Buy” by the nineteen research firms that are covering the firm, MarketBeat.com reports. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and eleven have assigned a buy rating to the company. The average 1 year target price among analysts that have issued a report on the stock in the last year is $27.3333.

RF has been the topic of several research reports. Morgan Stanley raised their price objective on shares of Regions Financial from $27.00 to $29.00 and gave the company an “equal weight” rating in a research report on Monday, July 21st. TD Cowen initiated coverage on shares of Regions Financial in a research report on Thursday, May 15th. They set a “buy” rating and a $31.00 price objective on the stock. Truist Financial restated a “hold” rating on shares of Regions Financial in a research report on Friday, May 23rd. Citigroup lifted their target price on shares of Regions Financial from $27.00 to $30.00 and gave the stock a “buy” rating in a research report on Thursday, July 24th. Finally, Wall Street Zen upgraded shares of Regions Financial from a “sell” rating to a “hold” rating in a research report on Saturday, July 5th.

Regions Financial Stock Performance

Regions Financial stock opened at $26.76 on Friday. The firm’s fifty day moving average price is $24.69 and its 200-day moving average price is $22.69. The company has a debt-to-equity ratio of 0.30, a quick ratio of 0.82 and a current ratio of 0.82. The stock has a market cap of $23.88 billion, a P/E ratio of 12.45, a price-to-earnings-growth ratio of 1.48 and a beta of 1.01. Regions Financial has a fifty-two week low of $17.74 and a fifty-two week high of $27.96.

Regions Financial (NYSE:RF) last posted its quarterly earnings data on Friday, July 18th. The bank reported $0.60 earnings per share for the quarter, beating the consensus estimate of $0.56 by $0.04. The firm had revenue of $1.91 billion for the quarter, compared to analysts’ expectations of $1.86 billion. Regions Financial had a net margin of 21.81% and a return on equity of 13.08%. The business’s quarterly revenue was up 10.1% on a year-over-year basis. During the same quarter last year, the company posted $0.52 EPS. On average, equities research analysts expect that Regions Financial will post 2.26 earnings per share for the current fiscal year.

Regions Financial Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, October 1st. Investors of record on Tuesday, September 2nd will be given a $0.265 dividend. This represents a $1.06 dividend on an annualized basis and a yield of 4.0%. The ex-dividend date is Tuesday, September 2nd. This is a boost from Regions Financial’s previous quarterly dividend of $0.25. Regions Financial’s dividend payout ratio is 46.51%.

Insiders Place Their Bets

In other Regions Financial news, Director Roger W. Jenkins bought 4,000 shares of the firm’s stock in a transaction that occurred on Wednesday, August 13th. The shares were bought at an average price of $25.48 per share, for a total transaction of $101,920.00. Following the transaction, the director directly owned 6,383 shares in the company, valued at $162,638.84. This trade represents a 167.86% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP David R. Keenan sold 30,000 shares of Regions Financial stock in a transaction on Wednesday, August 6th. The stock was sold at an average price of $25.01, for a total transaction of $750,300.00. Following the completion of the transaction, the executive vice president owned 90,915 shares in the company, valued at approximately $2,273,784.15. The trade was a 24.81% decrease in their position. The disclosure for this sale can be found here. 0.29% of the stock is owned by company insiders.

Hedge Funds Weigh In On Regions Financial

A number of large investors have recently added to or reduced their stakes in RF. Darwin Wealth Management LLC bought a new stake in Regions Financial in the 2nd quarter worth $25,000. CVA Family Office LLC grew its holdings in Regions Financial by 163.2% in the 2nd quarter. CVA Family Office LLC now owns 1,058 shares of the bank’s stock worth $25,000 after acquiring an additional 656 shares during the last quarter. American National Bank & Trust grew its holdings in Regions Financial by 2,433.3% in the 2nd quarter. American National Bank & Trust now owns 1,064 shares of the bank’s stock worth $25,000 after acquiring an additional 1,022 shares during the last quarter. Bayforest Capital Ltd grew its holdings in Regions Financial by 637.3% in the 1st quarter. Bayforest Capital Ltd now owns 1,224 shares of the bank’s stock worth $27,000 after acquiring an additional 1,058 shares during the last quarter. Finally, FNY Investment Advisers LLC bought a new stake in Regions Financial in the 2nd quarter worth $30,000. Hedge funds and other 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.