Regions Financial (NYSE:RF) Lowered to “Neutral” Rating by DA Davidson

Regions Financial (NYSE:RF) was downgraded by investment analysts at DA Davidson from a “buy” rating to a “neutral” rating in a research report issued to clients and investors on Monday, MarketBeat.com reports. They currently have a $33.00 target price on the bank’s stock. DA Davidson’s target price indicates a potential upside of 8.96% from the company’s previous close.

Other equities analysts also recently issued reports about the stock. Piper Sandler lowered their price objective on shares of Regions Financial from $31.00 to $28.00 and set a “neutral” rating for the company in a research note on Monday, March 30th. JPMorgan Chase & Co. dropped their price objective on Regions Financial from $31.50 to $29.00 and set a “neutral” rating for the company in a report on Tuesday, April 7th. Brean Capital started coverage on Regions Financial in a research report on Thursday, March 12th. They issued a “neutral” rating on the stock. Wells Fargo & Company boosted their target price on Regions Financial from $28.00 to $30.00 and gave the company an “underweight” rating in a research note on Monday. Finally, Truist Financial reaffirmed a “hold” rating and issued a $30.00 price target on shares of Regions Financial in a research note on Tuesday, April 21st. Six analysts have rated the stock with a Buy rating, nine have issued a Hold rating and four have issued a Sell rating to the company. According to MarketBeat, Regions Financial has a consensus rating of “Hold” and a consensus price target of $30.69.

Regions Financial Trading Up 0.0%

NYSE RF opened at $30.29 on Monday. 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 stock has a 50-day moving average of $28.38 and a 200-day moving average of $28.01. The firm has a market cap of $25.84 billion, a PE ratio of 12.62, a price-to-earnings-growth ratio of 1.15 and a beta of 1.00. Regions Financial has a 1-year low of $22.70 and a 1-year high of $31.53.

Regions Financial (NYSE:RF) last issued its earnings results on Friday, April 17th. The bank reported $0.62 EPS for the quarter, topping the consensus estimate of $0.61 by $0.01. The company had revenue of $1.87 billion for 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 firm’s revenue for the quarter was up 5.0% on a year-over-year basis. During the same period in the previous year, the firm earned $0.54 earnings per share. As a group, sell-side analysts forecast that Regions Financial will post 2.61 EPS for the current year.

Insider Transactions at Regions Financial

In other news, EVP Brian R. Willman sold 7,014 shares of the company’s stock in a transaction on Thursday, May 7th. The stock was sold at an average price of $27.91, for a total value of $195,760.74. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 0.34% of the company’s stock.

Institutional Trading of Regions Financial

Several institutional investors and hedge funds have recently added to or reduced their stakes in RF. Root Financial Partners LLC raised its position in shares of Regions Financial by 3.9% during the fourth quarter. Root Financial Partners LLC now owns 9,148 shares of the bank’s stock valued at $248,000 after buying an additional 346 shares during the last quarter. Master S Wealth Management Inc. boosted its stake in 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 buying an additional 372 shares during the last quarter. Van ECK Associates Corp grew its holdings in Regions Financial by 1.1% during the 4th quarter. Van ECK Associates Corp now owns 33,604 shares of the bank’s stock valued at $911,000 after buying an additional 373 shares in the last quarter. Legacy Wealth Managment LLC ID boosted its position in shares of Regions Financial by 17.3% during the 1st quarter. Legacy Wealth Managment LLC ID now owns 2,589 shares of the bank’s stock valued at $68,000 after acquiring an additional 381 shares during the last quarter. Finally, Lcnb Corp grew its holdings in shares of 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 purchasing an additional 390 shares in the last quarter. Institutional investors own 79.39% of the company’s stock.

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.