Regions Financial (NYSE:RF) Downgraded by DA Davidson to Neutral

DA Davidson lowered shares of Regions Financial (NYSE:RF) from a buy rating to a neutral rating in a research report report published on Monday, MarketBeat Ratings reports. They currently have $33.00 price target on the bank’s stock, down from their previous price target of $35.00.

Several other brokerages have also recently issued reports on RF. Royal Bank Of Canada upped their price objective on Regions Financial from $29.00 to $31.00 and gave the stock an “outperform” rating in a report on Monday, April 20th. JPMorgan Chase & Co. decreased their price target on shares of Regions Financial from $31.50 to $29.00 and set a “neutral” rating on the stock in a research note on Tuesday, April 7th. Robert W. Baird restated an “underperform” rating and set a $28.00 target price on shares of Regions Financial in a research report on Monday. Stephens assumed coverage on Regions Financial in a research note on Monday, June 15th. They set an “equal weight” rating and a $31.00 price objective on the stock. Finally, Piper Sandler dropped their price objective on shares of Regions Financial from $31.00 to $28.00 and set a “neutral” rating for the company in a research note on Monday, March 30th. Six investment analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and four have given a Sell rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $31.16.

Regions Financial Trading Up 0.3%

Shares of Regions Financial stock opened at $30.57 on Monday. Regions Financial has a fifty-two week low of $22.70 and a fifty-two week high of $31.53. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.80 and a current ratio of 0.80. The company has a market capitalization of $26.08 billion, a P/E ratio of 12.74, a P/E/G ratio of 1.15 and a beta of 1.00. The company has a fifty day moving average of $28.42 and a 200 day moving average of $28.03.

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

Regions Financial Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, July 1st. Stockholders of record on Monday, June 1st were given a dividend of $0.265 per share. The ex-dividend date was Monday, June 1st. This represents a $1.06 dividend on an annualized basis and a dividend yield of 3.5%. Regions Financial’s dividend payout ratio (DPR) is 44.17%.

Insiders Place Their Bets

In other Regions Financial news, EVP Brian R. Willman sold 7,014 shares of the stock in a transaction on Thursday, May 7th. The shares were sold at an average price of $27.91, for a total transaction of $195,760.74. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Corporate insiders own 0.34% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in RF. Root Financial Partners LLC raised its position in shares of Regions Financial by 3.9% in the fourth quarter. Root Financial Partners LLC now owns 9,148 shares of the bank’s stock valued at $248,000 after buying an additional 346 shares during the last quarter. Master S Wealth Management Inc. increased its position in Regions Financial by 1.0% during the first quarter. Master S Wealth Management Inc. now owns 38,631 shares of the bank’s stock worth $1,009,000 after purchasing an additional 372 shares during the last quarter. Van ECK Associates Corp raised its stake in Regions Financial by 1.1% during the fourth quarter. Van ECK Associates Corp now owns 33,604 shares of the bank’s stock worth $911,000 after purchasing an additional 373 shares during the period. Legacy Wealth Managment LLC ID grew its stake in shares of Regions Financial by 17.3% in the 1st quarter. Legacy Wealth Managment LLC ID now owns 2,589 shares of the bank’s stock valued at $68,000 after buying an additional 381 shares during the period. Finally, Lcnb Corp raised its position in Regions Financial by 3.8% in the fourth quarter. Lcnb Corp now owns 10,725 shares of the bank’s stock valued at $291,000 after purchasing an additional 390 shares during the period. 79.39% of the stock is owned by institutional investors and hedge funds.

More Regions Financial News

Here are the key news stories impacting Regions Financial this week:

• Positive Sentiment: UBS Group raised its price target on Regions Financial to $33 from $29, implying additional upside from current levels, while keeping a neutral rating. UBS price target raise on Regions Financial
• Positive Sentiment: JPMorgan also increased its target to $31.50 from $29, signaling slightly better valuation expectations despite maintaining a neutral stance. JPMorgan price target raise on Regions Financial
• Neutral Sentiment: Zacks highlighted Regions Financial as a possible dividend stock pick, which may support sentiment but did not include any new fundamental catalyst. Zacks article on Regions Financial
• Negative Sentiment: DA Davidson downgraded Regions Financial to neutral from buy and trimmed its target to $33 from $35, suggesting less enthusiasm for the stock’s near-term upside. DA Davidson downgrade on Regions Financial
• Negative Sentiment: Wells Fargo and Robert W. Baird both maintained cautious views, with Wells Fargo reiterating an underweight rating and Baird reaffirming underperform, reinforcing downside concerns among some analysts. Analyst caution on Regions Financial

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.