Regions Financial (NYSE:RF) PT Lowered to $25.00

Regions Financial (NYSE:RFGet Rating) had its target price reduced by The Goldman Sachs Group from $28.00 to $25.00 in a report issued on Tuesday, Stock Target Advisor reports. The firm currently has a “buy” rating on the bank’s stock. The Goldman Sachs Group’s price objective would indicate a potential upside of 14.26% from the stock’s previous close.

A number of other equities analysts also recently issued reports on the stock. Wolfe Research dropped their price objective on shares of Regions Financial from $24.00 to $20.00 and set a “peer perform” rating on the stock in a research note on Thursday, May 26th. Citigroup restated a “buy” rating on shares of Regions Financial in a research note on Thursday, March 24th. Morgan Stanley lowered their price objective on shares of Regions Financial from $31.00 to $30.00 and set an “overweight” rating for the company in a research note on Monday, March 28th. JPMorgan Chase & Co. lifted their price objective on shares of Regions Financial from $26.50 to $27.00 in a research note on Thursday, February 3rd. Finally, Wells Fargo & Company upgraded shares of Regions Financial from an “equal weight” rating to an “overweight” rating and lifted their price objective for the stock from $24.00 to $26.00 in a research note on Monday, April 11th. One research analyst has rated the stock with a sell rating, seven have given a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $25.83.

Shares of NYSE:RF opened at $21.88 on Tuesday. The firm has a market cap of $20.45 billion, a PE ratio of 9.12, a price-to-earnings-growth ratio of 0.61 and a beta of 1.26. The firm’s 50 day simple moving average is $21.27 and its 200-day simple moving average is $22.55. Regions Financial has a one year low of $18.02 and a one year high of $25.57. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.82 and a current ratio of 0.83.

Regions Financial (NYSE:RFGet Rating) last released its quarterly earnings data on Friday, April 22nd. The bank reported $0.55 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.48 by $0.07. Regions Financial had a net margin of 36.85% and a return on equity of 14.96%. The firm had revenue of $1.60 billion for the quarter, compared to the consensus estimate of $1.62 billion. During the same period last year, the firm earned $0.63 earnings per share. The company’s quarterly revenue was down .3% on a year-over-year basis. Equities research analysts predict that Regions Financial will post 2.23 EPS for the current fiscal year.

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Schroder Investment Management Group increased its holdings in Regions Financial by 84.8% in the third quarter. Schroder Investment Management Group now owns 712,776 shares of the bank’s stock valued at $15,189,000 after buying an additional 326,989 shares in the last quarter. Capital Investment Advisory Services LLC purchased a new stake in shares of Regions Financial during the fourth quarter worth about $689,000. Bailard Inc. purchased a new stake in shares of Regions Financial during the fourth quarter worth about $202,000. Bangor Savings Bank increased its stake in shares of Regions Financial by 11.3% during the fourth quarter. Bangor Savings Bank now owns 53,372 shares of the bank’s stock worth $1,164,000 after purchasing an additional 5,416 shares in the last quarter. Finally, Cetera Investment Advisers increased its stake in shares of Regions Financial by 26.6% during the third quarter. Cetera Investment Advisers now owns 44,079 shares of the bank’s stock worth $939,000 after purchasing an additional 9,270 shares in the last quarter. 74.90% of the stock is owned by institutional investors.

Regions Financial Company Profile (Get Rating)

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.

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