Regions Financial Corporation (NYSE:RF) Receives Average Recommendation of “Hold” from Brokerages

Regions Financial Corporation (NYSE:RF) has been given a consensus rating of “Hold” by the nineteen brokerages that are covering the firm, Marketbeat.com reports. Four research analysts have rated the stock with a sell recommendation, nine have given a hold recommendation and six have given a buy recommendation to the company. The average 1-year price objective among brokers that have covered the stock in the last year is $31.1562.

A number of brokerages have recently commented on RF. UBS Group increased their price target on Regions Financial from $29.00 to $33.00 and gave the company a “neutral” rating in a research note on Tuesday, July 7th. Morgan Stanley lifted their price target on Regions Financial from $34.00 to $35.00 and gave the company an “equal weight” rating in a research note on Monday, June 29th. Robert W. Baird reaffirmed an “underperform” rating and issued a $28.00 price objective on shares of Regions Financial in a research note on Monday, July 6th. Royal Bank Of Canada boosted their target price on shares of Regions Financial from $29.00 to $31.00 and gave the stock an “outperform” rating in a report on Monday, April 20th. Finally, Piper Sandler cut their price target on shares of Regions Financial from $31.00 to $28.00 and set a “neutral” rating on the stock in a report on Monday, March 30th.

Insider Buying and Selling at Regions Financial

In related news, EVP Brian R. Willman sold 7,014 shares of the company’s stock in a transaction dated Thursday, May 7th. The stock was sold at an average price of $27.91, for a total transaction of $195,760.74. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 0.34% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Darwin Wealth Management LLC acquired a new position in shares of Regions Financial during the second quarter valued at about $25,000. SouthState Bank Corp lifted its position in Regions Financial by 94.1% in the 4th quarter. SouthState Bank Corp now owns 1,110 shares of the bank’s stock valued at $30,000 after acquiring an additional 538 shares in the last quarter. Spire Wealth Management boosted its stake in Regions Financial by 91.5% during the 4th quarter. Spire Wealth Management now owns 1,166 shares of the bank’s stock valued at $32,000 after purchasing an additional 557 shares during the last quarter. Princeton Global Asset Management LLC increased its holdings in Regions Financial by 260.4% during the 4th quarter. Princeton Global Asset Management LLC now owns 1,182 shares of the bank’s stock worth $32,000 after purchasing an additional 854 shares in the last quarter. Finally, Leonteq Securities AG purchased a new stake in shares of Regions Financial in the fourth quarter worth approximately $33,000. Institutional investors own 79.39% of the company’s stock.

Regions Financial Price Performance

NYSE:RF traded up $0.46 during trading hours on Tuesday, hitting $31.04. The company’s stock had a trading volume of 12,462,847 shares, compared to its average volume of 9,682,642. Regions Financial has a twelve month low of $22.70 and a twelve month high of $31.53. 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 stock has a fifty day simple moving average of $28.61 and a 200-day simple moving average of $28.11. The company has a market capitalization of $26.49 billion, a P/E ratio of 12.94, a PEG ratio of 1.20 and a beta of 1.00.

Regions Financial (NYSE:RF) last posted 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. The company had revenue of $1.87 billion for the quarter, compared to the consensus estimate of $1.92 billion. Regions Financial had a net margin of 23.13% and a return on equity of 12.70%. The firm’s quarterly revenue was up 5.0% compared to the same quarter last year. During the same period last year, the company posted $0.54 EPS. On average, analysts anticipate that Regions Financial will post 2.6 EPS for the current fiscal year.

Regions Financial Announces Dividend

The company also recently disclosed 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 annualized dividend and a dividend yield of 3.4%. Regions Financial’s dividend payout ratio is 44.17%.

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.