Regions Financial Co. (NYSE:RF) Receives Consensus Recommendation of “Hold” from Brokerages

Shares of Regions Financial Co. (NYSE:RFGet Free Report) have received an average rating of “Hold” from the eighteen research firms that are presently covering the firm, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, eleven have issued a hold recommendation and six have assigned a buy recommendation to the company. The average twelve-month target price among analysts that have updated their coverage on the stock in the last year is $20.34.

Several research analysts have commented on the stock. Royal Bank of Canada upped their target price on shares of Regions Financial from $19.00 to $21.00 and gave the stock an “outperform” rating in a research report on Monday, January 22nd. Barclays restated an “underweight” rating and issued a $22.00 target price (up previously from $20.00) on shares of Regions Financial in a research report on Tuesday, January 2nd. Morgan Stanley upped their target price on shares of Regions Financial from $21.00 to $27.00 and gave the stock an “overweight” rating in a research report on Tuesday, January 30th. Citigroup upgraded shares of Regions Financial from a “neutral” rating to a “buy” rating and upped their target price for the stock from $20.00 to $23.00 in a research report on Monday, March 18th. Finally, Piper Sandler upped their target price on shares of Regions Financial from $15.00 to $18.00 and gave the stock a “neutral” rating in a research report on Friday, December 8th.

Read Our Latest Report on Regions Financial

Institutional Trading of Regions Financial

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Norges Bank purchased a new stake in shares of Regions Financial in the 4th quarter valued at approximately $210,379,000. First Trust Advisors LP increased its stake in shares of Regions Financial by 296.5% during the 1st quarter. First Trust Advisors LP now owns 10,552,656 shares of the bank’s stock worth $234,902,000 after purchasing an additional 7,891,037 shares during the last quarter. Wellington Management Group LLP increased its stake in shares of Regions Financial by 8.4% during the 3rd quarter. Wellington Management Group LLP now owns 53,824,390 shares of the bank’s stock worth $925,780,000 after purchasing an additional 4,160,768 shares during the last quarter. Bahl & Gaynor Inc. increased its stake in shares of Regions Financial by 162.1% during the 3rd quarter. Bahl & Gaynor Inc. now owns 5,904,595 shares of the bank’s stock worth $101,559,000 after purchasing an additional 3,651,390 shares during the last quarter. Finally, Vanguard Group Inc. increased its stake in shares of Regions Financial by 2.7% during the 4th quarter. Vanguard Group Inc. now owns 117,704,755 shares of the bank’s stock worth $2,281,118,000 after purchasing an additional 3,119,237 shares during the last quarter. 79.39% of the stock is owned by institutional investors and hedge funds.

Regions Financial Price Performance

Shares of NYSE:RF opened at $20.37 on Wednesday. The company has a quick ratio of 0.82, a current ratio of 0.82 and a debt-to-equity ratio of 0.15. Regions Financial has a fifty-two week low of $13.72 and a fifty-two week high of $21.08. The firm has a 50-day simple moving average of $19.05 and a 200 day simple moving average of $17.79. The company has a market cap of $18.72 billion, a PE ratio of 9.75, a P/E/G ratio of 1.52 and a beta of 1.21.

Regions Financial (NYSE:RFGet Free Report) last announced its quarterly earnings data on Friday, January 19th. The bank reported $0.39 earnings per share for the quarter, missing analysts’ consensus estimates of $0.48 by ($0.09). Regions Financial had a net margin of 22.66% and a return on equity of 14.50%. The business had revenue of $1.81 billion for the quarter, compared to the consensus estimate of $1.80 billion. During the same period in the prior year, the company earned $0.67 EPS. Regions Financial’s quarterly revenue was down 9.5% on a year-over-year basis. On average, sell-side analysts anticipate that Regions Financial will post 1.97 EPS for the current year.

Regions Financial Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, April 1st. Investors of record on Friday, March 1st were paid a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a yield of 4.71%. The ex-dividend date of this dividend was Thursday, February 29th. Regions Financial’s dividend payout ratio is presently 45.93%.

Regions Financial Company Profile

(Get Free Report

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.

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Analyst Recommendations for Regions Financial (NYSE:RF)

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