Compass Point Increases Regions Financial (NYSE:RF) Price Target to $31.00

Regions Financial (NYSE:RF) had its price target upped by stock analysts at Compass Point from $25.00 to $31.00 in a research report issued on Tuesday,Benzinga reports. The brokerage currently has a “buy” rating on the bank’s stock. Compass Point’s price target points to a potential upside of 20.90% from the company’s previous close.

A number of other brokerages have also issued reports on RF. Evercore ISI raised their price target on Regions Financial from $24.50 to $26.00 and gave the stock an “in-line” rating in a research note on Wednesday, October 2nd. Morgan Stanley reissued an “equal weight” rating and set a $32.00 price target (up from $28.00) on shares of Regions Financial in a research note on Monday. Stephens raised Regions Financial from an “equal weight” rating to an “overweight” rating and set a $26.00 price target for the company in a research note on Tuesday, October 29th. Wedbush raised their price objective on Regions Financial from $28.00 to $30.00 and gave the stock an “outperform” rating in a report on Monday, October 21st. Finally, DA Davidson boosted their target price on Regions Financial from $27.00 to $29.00 and gave the stock a “buy” rating in a research note on Monday, October 21st. One research analyst has rated the stock with a sell rating, seven have given a hold rating and eleven have issued a buy rating to the company. According to MarketBeat.com, Regions Financial has a consensus rating of “Moderate Buy” and a consensus target price of $27.61.

Regions Financial Trading Down 0.3 %

Shares of NYSE:RF traded down $0.09 during trading on Tuesday, hitting $25.64. The company had a trading volume of 1,595,260 shares, compared to its average volume of 7,835,372. The stock has a market cap of $23.30 billion, a price-to-earnings ratio of 14.39, a price-to-earnings-growth ratio of 2.72 and a beta of 1.19. Regions Financial has a one year low of $17.18 and a one year high of $27.96. The company has a fifty day simple moving average of $24.90 and a two-hundred day simple moving average of $22.38. The company has a debt-to-equity ratio of 0.35, a current ratio of 0.84 and a quick ratio of 0.83.

Regions Financial (NYSE:RF) last posted its quarterly earnings data on Friday, October 18th. The bank reported $0.49 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.53 by ($0.04). The company had revenue of $1.79 billion during the quarter, compared to the consensus estimate of $1.80 billion. Regions Financial had a net margin of 18.78% and a return on equity of 12.60%. Regions Financial’s revenue for the quarter was down 3.7% on a year-over-year basis. During the same period in the previous year, the business earned $0.49 earnings per share. As a group, equities analysts forecast that Regions Financial will post 2.12 earnings per share for the current year.

Institutional Investors Weigh In On Regions Financial

A number of large investors have recently made changes to their positions in RF. American National Bank & Trust lifted its holdings in Regions Financial by 1,856.7% in the third quarter. American National Bank & Trust now owns 1,174 shares of the bank’s stock valued at $27,000 after acquiring an additional 1,114 shares during the last quarter. Quarry LP lifted its holdings in Regions Financial by 157.2% in the second quarter. Quarry LP now owns 1,335 shares of the bank’s stock valued at $27,000 after acquiring an additional 816 shares during the last quarter. Whittier Trust Co. of Nevada Inc. lifted its holdings in Regions Financial by 530.0% in the second quarter. Whittier Trust Co. of Nevada Inc. now owns 1,493 shares of the bank’s stock valued at $30,000 after acquiring an additional 1,256 shares during the last quarter. Innealta Capital LLC acquired a new position in Regions Financial in the second quarter valued at approximately $32,000. Finally, EdgeRock Capital LLC acquired a new position in Regions Financial in the second quarter valued at approximately $33,000. 79.39% of the stock is currently owned by hedge funds and other institutional investors.

Regions Financial Company Profile

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.