Regions Financial (NYSE:RF) Stock Price Expected to Rise, UBS Group Analyst Says

Regions Financial (NYSE:RF) had its price objective lifted by research analysts at UBS Group from $29.00 to $33.00 in a report released on Tuesday,Benzinga reports. The firm presently has a “neutral” rating on the bank’s stock. UBS Group’s price objective would indicate a potential upside of 7.20% from the company’s current price.

Several other research analysts have also commented on the stock. Brean Capital assumed coverage on shares of Regions Financial in a report on Thursday, March 12th. They issued a “neutral” rating for the company. Robert W. Baird reissued an “underperform” rating and issued a $28.00 price target on shares of Regions Financial in a research note on Monday. Royal Bank Of Canada lifted their price objective on Regions Financial from $29.00 to $31.00 and gave the company an “outperform” rating in a research report on Monday, April 20th. Piper Sandler decreased their target price on Regions Financial from $31.00 to $28.00 and set a “neutral” rating for the company in a research report on Monday, March 30th. Finally, Morgan Stanley upped their price target on Regions Financial from $34.00 to $35.00 and gave the stock an “equal weight” rating in a research note on Monday, June 29th. Six research analysts have rated the stock with a Buy rating, nine have issued a Hold rating and four have assigned a Sell rating to the company. Based on data from MarketBeat, Regions Financial currently has an average rating of “Hold” and a consensus target price of $31.16.

Regions Financial Price Performance

Shares of RF stock opened at $30.79 on Tuesday. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.80 and a current ratio of 0.80. Regions Financial has a fifty-two week low of $22.70 and a fifty-two week high of $31.53. The firm has a market cap of $26.27 billion, a P/E ratio of 12.83, a P/E/G ratio of 1.15 and a beta of 1.00. The business’s 50 day moving average price is $28.42 and its 200-day moving average price is $28.03.

Regions Financial (NYSE:RF) last announced its earnings results on Friday, April 17th. The bank reported $0.62 EPS 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 company had revenue of $1.87 billion during the quarter, compared to the consensus estimate of $1.92 billion. During the same quarter in the prior year, the company earned $0.54 earnings per share. The firm’s revenue for the quarter was up 5.0% on a year-over-year basis. On average, equities research analysts anticipate that Regions Financial will post 2.61 earnings per share for the current year.

Insider Buying and Selling at Regions Financial

In other news, EVP Brian R. Willman sold 7,014 shares of Regions Financial stock in a transaction dated Thursday, May 7th. The stock was sold at an average price of $27.91, for a total value of $195,760.74. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.34% of the stock is owned by insiders.

Hedge Funds Weigh In On Regions Financial

A number of hedge funds have recently added to or reduced their stakes in the company. Root Financial Partners LLC raised its stake 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 worth $248,000 after purchasing an additional 346 shares during the last quarter. Master S Wealth Management Inc. boosted its holdings in Regions Financial by 1.0% in 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 grew its holdings in shares of Regions Financial by 1.1% in the fourth quarter. Van ECK Associates Corp now owns 33,604 shares of the bank’s stock worth $911,000 after acquiring an additional 373 shares during the period. Legacy Wealth Managment LLC ID increased its position in Regions Financial by 17.3% during the first quarter. Legacy Wealth Managment LLC ID now owns 2,589 shares of the bank’s stock valued at $68,000 after acquiring an additional 381 shares during the last quarter. Finally, Lcnb Corp lifted its holdings 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 acquiring an additional 390 shares during the period. 79.39% of the stock is currently owned by hedge funds and other institutional investors.

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.