Regions Financial (NYSE:RF) Price Target Raised to $31.50 at JPMorgan Chase & Co.

Regions Financial (NYSE:RF) had its price objective increased by JPMorgan Chase & Co. from $29.00 to $31.50 in a report issued on Monday,Benzinga reports. The firm currently has a neutral rating on the bank’s stock.

A number of other research firms have also weighed in on RF. DA Davidson lowered shares of Regions Financial from a “buy” rating to a “neutral” rating and dropped their price target for the company from $35.00 to $33.00 in a research report on Monday. Royal Bank Of Canada increased their price target on shares of Regions Financial from $29.00 to $31.00 and gave the stock an “outperform” rating in a report on Monday, April 20th. Piper Sandler lowered their price target on Regions Financial from $31.00 to $28.00 and set a “neutral” rating on the stock in a report on Monday, March 30th. Wells Fargo & Company raised their price target on Regions Financial from $28.00 to $30.00 and gave the company an “underweight” rating in a research report on Monday. Finally, Morgan Stanley increased their target price on shares of Regions Financial from $34.00 to $35.00 and gave the company an “equal weight” rating in a report on Monday, June 29th. Six analysts have rated the stock with a Buy rating, nine have given a Hold rating and four have issued a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $31.16.

Regions Financial Price Performance

Shares of NYSE:RF traded up $0.12 during midday trading on Monday, hitting $30.61. The stock had a trading volume of 364,966 shares, compared to its average volume of 12,811,425. The company has a quick ratio of 0.80, a current ratio of 0.80 and a debt-to-equity ratio of 0.18. Regions Financial has a fifty-two week low of $22.70 and a fifty-two week high of $31.53. The company has a market capitalization of $26.12 billion, a P/E ratio of 12.75, a price-to-earnings-growth ratio of 1.15 and a beta of 1.00. The company’s 50-day moving average price is $28.42 and its 200-day moving average price is $28.03.

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

Regions Financial Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, July 1st. Investors of record on Monday, June 1st were issued a $0.265 dividend. The ex-dividend date of this dividend was Monday, June 1st. This represents a $1.06 annualized dividend and a yield of 3.5%. Regions Financial’s dividend payout ratio is currently 44.17%.

Insider Transactions at Regions Financial

In related news, EVP Brian R. Willman sold 7,014 shares of the firm’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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.34% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the company. Charles Schwab Investment Management Inc. boosted its holdings in Regions Financial by 0.7% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 31,837,339 shares of the bank’s stock valued at $862,792,000 after acquiring an additional 215,061 shares during the period. Victory Capital Management Inc. lifted its stake in shares of Regions Financial by 68.9% during the 4th quarter. Victory Capital Management Inc. now owns 22,836,163 shares of the bank’s stock worth $618,860,000 after purchasing an additional 9,312,449 shares during the last quarter. Invesco Ltd. lifted its position in Regions Financial by 3.1% during the fourth quarter. Invesco Ltd. now owns 19,348,237 shares of the bank’s stock valued at $524,337,000 after acquiring an additional 573,659 shares during the last quarter. Morgan Stanley increased its position in Regions Financial by 1.3% during the 4th quarter. Morgan Stanley now owns 18,356,400 shares of the bank’s stock valued at $497,459,000 after buying an additional 231,924 shares in the last quarter. Finally, First Trust Advisors LP boosted its stake in Regions Financial by 75.7% in the 1st quarter. First Trust Advisors LP now owns 13,358,969 shares of the bank’s stock worth $348,936,000 after purchasing an additional 5,754,487 shares in the last quarter. 79.39% of the stock is owned by hedge funds and other institutional investors.

Key Regions Financial News

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

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.