Regions Financial (NYSE:RF) Given “Underperform” Rating at Robert W. Baird

Robert W. Baird reissued their underperform rating on shares of Regions Financial (NYSE:RF) in a research report released on Monday morning, MarketBeat Ratings reports. They currently have a $28.00 price target on the bank’s stock.

Several other equities research analysts have also weighed in on RF. JPMorgan Chase & Co. lowered their target price on shares of Regions Financial from $31.50 to $29.00 and set a “neutral” rating on the stock in a report on Tuesday, April 7th. Wells Fargo & Company boosted their price target on shares of Regions Financial from $28.00 to $30.00 and gave the company an “underweight” rating in a research report on Monday. Brean Capital initiated coverage on shares of Regions Financial in a research note on Thursday, March 12th. They set a “neutral” rating on the stock. DA Davidson raised their price objective on shares of Regions Financial from $31.00 to $32.00 and gave the stock a “buy” rating in a report on Monday, April 20th. Finally, Royal Bank Of Canada lifted their target price on shares of Regions Financial from $29.00 to $31.00 and gave the company an “outperform” rating in a research note on Monday, April 20th. Six equities research analysts have rated the stock with a Buy rating, nine have given a Hold rating and four have assigned a Sell rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $31.16.

Regions Financial Price Performance

Regions Financial stock opened at $30.57 on Monday. The business has a 50 day simple moving average of $28.42 and a 200 day simple moving average of $28.03. The company has a debt-to-equity ratio of 0.18, a current ratio of 0.80 and a quick ratio of 0.80. The company has a market capitalization of $26.09 billion, a PE ratio of 12.75, a price-to-earnings-growth ratio of 1.15 and a beta of 1.00. Regions Financial has a one year low of $22.70 and a one year high of $31.53.

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

Regions Financial Dividend Announcement

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

Insider Buying and Selling at Regions Financial

In other Regions Financial news, EVP Brian R. Willman sold 7,014 shares of the business’s stock in a transaction dated Thursday, May 7th. The shares were sold at an average price of $27.91, for a total value of $195,760.74. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 0.34% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the stock. Stonebridge Financial Group LLC raised its position in shares of Regions Financial by 3.3% during the second quarter. Stonebridge Financial Group LLC now owns 173,403 shares of the bank’s stock worth $5,237,000 after acquiring an additional 5,574 shares during the last quarter. Versant Capital Management Inc boosted its holdings in Regions Financial by 11.8% in the second quarter. Versant Capital Management Inc now owns 5,763 shares of the bank’s stock valued at $174,000 after acquiring an additional 609 shares during the last quarter. CX Institutional boosted its holdings in Regions Financial by 3.3% in the second quarter. CX Institutional now owns 14,063 shares of the bank’s stock valued at $425,000 after acquiring an additional 449 shares during the last quarter. Eastern Bank increased its position in Regions Financial by 261.8% in the second quarter. Eastern Bank now owns 2,938 shares of the bank’s stock worth $89,000 after purchasing an additional 2,126 shares during the period. Finally, Parallel Advisors LLC increased its position in Regions Financial by 17.0% in the first quarter. Parallel Advisors LLC now owns 11,125 shares of the bank’s stock worth $291,000 after purchasing an additional 1,614 shares during the period. Institutional investors own 79.39% of the company’s stock.

Regions Financial News Summary

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

Regions Financial Company Profile

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.