Brokerages Set Regions Financial Co. (NYSE:RF) Price Target at $25.53

Shares of Regions Financial Co. (NYSE:RF) have earned a consensus recommendation of “Moderate Buy” from the nineteen research firms that are currently covering the stock, Marketbeat.com reports. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and eleven have issued a buy rating on the company. The average 1 year price objective among brokers that have issued a report on the stock in the last year is $25.53.

Several equities analysts have recently commented on RF shares. JPMorgan Chase & Co. reduced their price target on shares of Regions Financial from $26.00 to $23.00 and set a “neutral” rating on the stock in a research report on Thursday, April 3rd. The Goldman Sachs Group reduced their target price on Regions Financial from $28.00 to $25.00 and set a “buy” rating on the stock in a report on Tuesday, April 22nd. Truist Financial lowered their price target on Regions Financial from $24.00 to $21.00 and set a “hold” rating for the company in a report on Tuesday, April 22nd. Morgan Stanley reduced their price objective on Regions Financial from $29.00 to $22.00 and set an “equal weight” rating on the stock in a research note on Monday, April 7th. Finally, Stephens lowered their target price on shares of Regions Financial from $26.00 to $24.00 and set an “overweight” rating for the company in a research note on Monday, April 21st.

Regions Financial Price Performance

RF stock opened at $21.16 on Thursday. The stock’s 50 day moving average is $20.62 and its two-hundred day moving average is $23.26. Regions Financial has a 52-week low of $17.72 and a 52-week high of $27.96. The company has a market capitalization of $19.16 billion, a PE ratio of 10.91, a P/E/G ratio of 1.93 and a beta of 0.97. The company has a quick ratio of 0.83, a current ratio of 0.84 and a debt-to-equity ratio of 0.37.

Regions Financial (NYSE:RF) last issued its quarterly earnings results on Thursday, April 17th. The bank reported $0.54 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.51 by $0.03. Regions Financial had a net margin of 20.20% and a return on equity of 12.83%. The business had revenue of $1.81 billion during the quarter, compared to analyst estimates of $1.84 billion. During the same quarter in the previous year, the firm earned $0.37 earnings per share. Analysts predict that Regions Financial will post 2.26 earnings per share for the current fiscal year.

Regions Financial Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 1st. Investors of record on Friday, May 2nd will be paid a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 4.73%. The ex-dividend date is Monday, June 2nd. Regions Financial’s dividend payout ratio is currently 48.08%.

Insider Buying and Selling

In other news, Director Joia M. Johnson acquired 2,300 shares of the company’s stock in a transaction dated Tuesday, March 11th. The shares were bought at an average price of $21.18 per share, with a total value of $48,714.00. Following the purchase, the director now owns 17,486 shares of the company’s stock, valued at approximately $370,353.48. This represents a 15.15 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 0.29% of the company’s stock.

Institutional Investors Weigh In On Regions Financial

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Y.D. More Investments Ltd grew its stake in shares of Regions Financial by 122.9% in the 4th quarter. Y.D. More Investments Ltd now owns 1,150 shares of the bank’s stock worth $27,000 after purchasing an additional 634 shares during the last quarter. Sierra Ocean LLC bought a new stake in Regions Financial during the fourth quarter worth approximately $28,000. Bayforest Capital Ltd grew its position in Regions Financial by 637.3% in the first quarter. Bayforest Capital Ltd now owns 1,224 shares of the bank’s stock worth $27,000 after buying an additional 1,058 shares during the last quarter. Picton Mahoney Asset Management increased its holdings in shares of Regions Financial by 2,354.9% in the fourth quarter. Picton Mahoney Asset Management now owns 1,252 shares of the bank’s stock valued at $29,000 after buying an additional 1,201 shares in the last quarter. Finally, Millstone Evans Group LLC acquired a new stake in shares of Regions Financial during the 4th quarter valued at $32,000. 79.39% of the stock is currently owned by institutional investors.

About Regions Financial

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.