Regions Financial Corporation (NYSE:RF) Given Consensus Recommendation of “Hold” by Brokerages

Regions Financial Corporation (NYSE:RF) has been given an average recommendation of “Hold” by the eighteen analysts that are presently covering the stock, Marketbeat.com reports. Three research analysts have rated the stock with a sell recommendation, eight have given a hold recommendation and seven have given a buy recommendation to the company. The average 12-month price objective among brokers that have issued ratings on the stock in the last year is $30.4667.

RF has been the topic of a number of research analyst reports. Morgan Stanley reduced their price target on shares of Regions Financial from $37.00 to $34.00 and set an “equal weight” rating on the stock in a research note on Tuesday, March 31st. Piper Sandler reduced their price target on shares of Regions Financial from $31.00 to $28.00 and set a “neutral” rating on the stock in a research note on Monday, March 30th. DA Davidson raised their price target on shares of Regions Financial from $31.00 to $32.00 and gave the company a “buy” rating in a research note on Monday, April 20th. JPMorgan Chase & Co. reduced 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. Finally, Brean Capital initiated coverage on shares of Regions Financial in a research note on Thursday, March 12th. They issued a “neutral” rating on the stock.

Insider Buying and Selling

In related news, EVP Brian R. Willman sold 7,014 shares of Regions Financial stock in a transaction that occurred 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 link. 0.34% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Regions Financial

Hedge funds have recently added to or reduced their stakes in the business. Darwin Wealth Management LLC acquired a new stake in Regions Financial during the 2nd quarter worth approximately $25,000. SouthState Bank Corp boosted its position in Regions Financial by 94.1% during the 4th quarter. SouthState Bank Corp now owns 1,110 shares of the bank’s stock worth $30,000 after buying an additional 538 shares during the period. Spire Wealth Management boosted its position in Regions Financial by 91.5% during the 4th quarter. Spire Wealth Management now owns 1,166 shares of the bank’s stock worth $32,000 after buying an additional 557 shares during the period. Princeton Global Asset Management LLC boosted its position 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 buying an additional 854 shares during the period. Finally, Leonteq Securities AG acquired a new stake in Regions Financial during the 4th quarter worth approximately $33,000. 79.39% of the stock is currently owned by institutional investors and hedge funds.

Regions Financial Trading Up 1.2%

RF opened at $28.91 on Friday. The company’s 50 day moving average is $27.73 and its 200-day moving average is $27.64. Regions Financial has a 1-year low of $21.40 and a 1-year high of $31.53. The company has a current ratio of 0.80, a quick ratio of 0.80 and a debt-to-equity ratio of 0.18. The company has a market cap of $24.67 billion, a P/E ratio of 12.05, a PEG ratio of 1.12 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. Regions Financial had a net margin of 23.13% and a return on equity of 12.70%. The company had revenue of $1.87 billion for the quarter, compared to the consensus estimate of $1.92 billion. During the same period last year, the company posted $0.54 EPS. The firm’s quarterly revenue was up 5.0% compared to the same quarter last year. Equities research analysts predict that Regions Financial will post 2.61 earnings per share for the current fiscal year.

Regions Financial Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, July 1st. Investors of record on Monday, June 1st will be given a dividend of $0.265 per share. The ex-dividend date is Monday, June 1st. This represents a $1.06 annualized dividend and a yield of 3.7%. Regions Financial’s dividend payout ratio (DPR) is currently 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.