Regions Financial Corporation (NYSE:RF) Given Average Rating of “Hold” by Analysts

Shares of Regions Financial Corporation (NYSE:RF) have earned an average recommendation of “Hold” from the nineteen research firms that are presently covering the firm, Marketbeat reports. Four equities research analysts have rated the stock with a sell recommendation, nine have given a hold recommendation and six have issued a buy recommendation on the company. The average 1 year price objective among analysts that have issued a report on the stock in the last year is $31.1562.

Several research firms recently issued reports on RF. Brean Capital started coverage on Regions Financial in a report on Thursday, March 12th. They issued a “neutral” rating on the stock. Royal Bank Of Canada boosted their price objective on Regions Financial from $29.00 to $31.00 and gave the stock an “outperform” rating in a report on Monday, April 20th. Piper Sandler reduced their target price 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. Evercore reiterated an “underperform” rating and set a $31.00 price target on shares of Regions Financial in a research report on Monday. Finally, Truist Financial reissued a “hold” rating and set a $30.00 price target on shares of Regions Financial in a research note on Tuesday, April 21st.

Trending Headlines about Regions Financial

Here are the key news stories impacting Regions Financial this week:

• Positive Sentiment: UBS Group raised its price target on Regions Financial to $33 from $29, implying additional upside from current levels, while keeping a neutral rating. UBS price target raise on Regions Financial
• Positive Sentiment: JPMorgan also increased its target to $31.50 from $29, signaling slightly better valuation expectations despite maintaining a neutral stance. JPMorgan price target raise on Regions Financial
• Neutral Sentiment: Zacks highlighted Regions Financial as a possible dividend stock pick, which may support sentiment but did not include any new fundamental catalyst. Zacks article on Regions Financial
• Negative Sentiment: DA Davidson downgraded Regions Financial to neutral from buy and trimmed its target to $33 from $35, suggesting less enthusiasm for the stock’s near-term upside. DA Davidson downgrade on Regions Financial
• Negative Sentiment: Wells Fargo and Robert W. Baird both maintained cautious views, with Wells Fargo reiterating an underweight rating and Baird reaffirming underperform, reinforcing downside concerns among some analysts. Analyst caution on Regions Financial

Insider Buying and Selling

In other Regions Financial news, EVP Brian R. Willman sold 7,014 shares of the company’s stock in a transaction on Thursday, May 7th. The shares were sold at an average price of $27.91, for a total transaction of $195,760.74. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 0.34% of the company’s stock.

Institutional Investors Weigh In On Regions Financial

A number of institutional investors have recently made changes to their positions in RF. Root Financial Partners LLC grew its position in shares of Regions Financial by 3.9% in the 4th quarter. Root Financial Partners LLC now owns 9,148 shares of the bank’s stock worth $248,000 after buying an additional 346 shares during the last quarter. Master S Wealth Management Inc. raised its holdings in shares of Regions Financial by 1.0% during the first quarter. Master S Wealth Management Inc. now owns 38,631 shares of the bank’s stock valued at $1,009,000 after acquiring an additional 372 shares in the last quarter. Van ECK Associates Corp lifted its stake in Regions Financial by 1.1% in the fourth quarter. Van ECK Associates Corp now owns 33,604 shares of the bank’s stock worth $911,000 after acquiring an additional 373 shares during the period. Legacy Wealth Managment LLC ID lifted its stake in Regions Financial by 17.3% in the first quarter. Legacy Wealth Managment LLC ID now owns 2,589 shares of the bank’s stock worth $68,000 after acquiring an additional 381 shares during the period. Finally, Lcnb Corp boosted its holdings in Regions Financial by 3.8% in the fourth quarter. Lcnb Corp now owns 10,725 shares of the bank’s stock valued at $291,000 after acquiring an additional 390 shares in the last quarter. 79.39% of the stock is owned by institutional investors and hedge funds.

Regions Financial Trading Up 0.9%

NYSE:RF traded up $0.26 during trading hours on Tuesday, hitting $30.74. 540,565 shares of the stock were exchanged, compared to its average volume of 12,813,819. The company has a market capitalization of $26.23 billion, a P/E ratio of 12.79, a price-to-earnings-growth ratio of 1.15 and a beta of 1.00. The company has a quick ratio of 0.80, a current ratio of 0.80 and a debt-to-equity ratio of 0.18. The company’s 50 day moving average is $28.42 and its two-hundred day moving average is $28.03. Regions Financial has a twelve month low of $22.70 and a twelve month high of $31.53.

Regions Financial (NYSE:RF) last released its earnings results on Friday, April 17th. The bank reported $0.62 EPS for the quarter, beating the consensus estimate of $0.61 by $0.01. The company had revenue of $1.87 billion during the quarter, compared to analysts’ expectations of $1.92 billion. Regions Financial had a return on equity of 12.70% and a net margin of 23.13%.The business’s revenue for the quarter was up 5.0% on a year-over-year basis. During the same period last year, the firm earned $0.54 EPS. On average, sell-side analysts anticipate that Regions Financial will post 2.61 earnings per share for the current fiscal year.

Regions Financial Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, July 1st. Shareholders of record on Monday, June 1st were paid a $0.265 dividend. The ex-dividend date of this dividend was Monday, June 1st. This represents a $1.06 dividend on an annualized basis and a yield of 3.4%. Regions Financial’s dividend payout ratio (DPR) is presently 44.17%.

About Regions Financial

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.