Regions Financial Corporation (NYSE:RF) Receives $28.19 Average Target Price from Analysts

Regions Financial Corporation (NYSE:RF) has earned a consensus recommendation of “Hold” from the eighteen analysts that are currently covering the firm, Marketbeat reports. One research analyst has rated the stock with a sell recommendation, eight have assigned a hold recommendation and nine have issued a buy recommendation on the company. The average 1 year target price among brokers that have issued a report on the stock in the last year is $28.1875.

Several research analysts have recently commented on the company. Stephens reissued an “equal weight” rating and issued a $27.00 target price (down from $30.00) on shares of Regions Financial in a report on Tuesday, October 14th. Truist Financial reduced their price objective on Regions Financial from $28.00 to $26.00 and set a “hold” rating on the stock in a research note on Monday, October 20th. Citigroup increased their target price on Regions Financial from $30.00 to $32.00 and gave the stock a “buy” rating in a report on Tuesday, September 23rd. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Regions Financial in a report on Wednesday, October 8th. Finally, Cantor Fitzgerald assumed coverage on shares of Regions Financial in a research report on Wednesday, September 10th. They set an “overweight” rating and a $30.00 price target on the stock.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of RF. American National Bank & Trust lifted its stake in Regions Financial by 2,433.3% in the second quarter. American National Bank & Trust now owns 1,064 shares of the bank’s stock valued at $25,000 after buying an additional 1,022 shares during the period. CVA Family Office LLC increased its stake in shares of Regions Financial by 163.2% in the 2nd quarter. CVA Family Office LLC now owns 1,058 shares of the bank’s stock valued at $25,000 after acquiring an additional 656 shares during the last quarter. Darwin Wealth Management LLC acquired a new stake in shares of Regions Financial in the 2nd quarter valued at approximately $25,000. Bayforest Capital Ltd boosted its stake in Regions Financial by 637.3% during the 1st quarter. Bayforest Capital Ltd now owns 1,224 shares of the bank’s stock worth $27,000 after acquiring an additional 1,058 shares during the last quarter. Finally, FNY Investment Advisers LLC acquired a new position in Regions Financial during the second quarter valued at approximately $30,000. 79.39% of the stock is currently owned by institutional investors.

Regions Financial Stock Up 0.2%

Shares of NYSE RF opened at $25.46 on Monday. Regions Financial has a 52-week low of $17.74 and a 52-week high of $27.63. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.81 and a current ratio of 0.82. The business has a fifty day moving average of $25.08 and a two-hundred day moving average of $24.63. The stock has a market cap of $22.33 billion, a PE ratio of 11.22, a PEG ratio of 1.24 and a beta of 1.07.

Regions Financial (NYSE:RF) last announced its earnings results on Thursday, February 27th. The bank reported $0.39 earnings per share (EPS) for the quarter. The business had revenue of $1.81 billion during the quarter. Regions Financial had a net margin of 22.49% and a return on equity of 13.05%. As a group, equities research analysts expect that Regions Financial will post 2.26 earnings per share for the current fiscal year.

Regions Financial Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, January 2nd. Stockholders of record on Monday, December 1st will be paid a dividend of $0.265 per share. This represents a $1.06 annualized dividend and a dividend yield of 4.2%. The ex-dividend date of this dividend is Monday, December 1st. Regions Financial’s dividend payout ratio is 46.70%.

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.