Regions Financial Co. (NYSE:RF) Receives Average Rating of “Hold” from Analysts

Regions Financial Co. (NYSE:RFGet Free Report) has been assigned an average rating of “Hold” from the eighteen analysts that are currently covering the stock, MarketBeat Ratings reports. One research analyst has rated the stock with a sell recommendation, eleven have issued a hold recommendation and six have given a buy recommendation to the company. The average 12 month price target among brokers that have updated their coverage on the stock in the last year is $20.34.

Several equities research analysts have weighed in on RF shares. Piper Sandler upped their price target on Regions Financial from $15.00 to $18.00 and gave the stock a “neutral” rating in a report on Friday, December 8th. Truist Financial upped their price objective on Regions Financial from $20.00 to $22.00 and gave the company a “hold” rating in a research note on Monday. Stephens reissued an “equal weight” rating and set a $21.00 target price on shares of Regions Financial in a research note on Tuesday, January 23rd. Morgan Stanley raised their price objective on Regions Financial from $21.00 to $27.00 and gave the company an “overweight” rating in a research note on Tuesday, January 30th. Finally, Argus downgraded Regions Financial from a “buy” rating to a “hold” rating in a research report on Tuesday, January 23rd.

Read Our Latest Research Report on RF

Regions Financial Stock Performance

RF stock opened at $20.37 on Wednesday. Regions Financial has a twelve month low of $13.72 and a twelve month high of $21.08. The company has a quick ratio of 0.82, a current ratio of 0.82 and a debt-to-equity ratio of 0.15. The business’s fifty day simple moving average is $19.05 and its two-hundred day simple moving average is $17.79. The firm has a market cap of $18.72 billion, a price-to-earnings ratio of 9.75, a PEG ratio of 1.52 and a beta of 1.21.

Regions Financial (NYSE:RFGet Free Report) last issued its quarterly earnings results on Friday, January 19th. The bank reported $0.39 earnings per share for the quarter, missing the consensus estimate of $0.48 by ($0.09). The business had revenue of $1.81 billion during the quarter, compared to analyst estimates of $1.80 billion. Regions Financial had a return on equity of 14.50% and a net margin of 22.66%. Regions Financial’s revenue was down 9.5% compared to the same quarter last year. During the same period in the prior year, the business posted $0.67 EPS. Analysts predict that Regions Financial will post 1.97 earnings per share for the current year.

Regions Financial Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, April 1st. Shareholders of record on Friday, March 1st were given a dividend of $0.24 per share. The ex-dividend date of this dividend was Thursday, February 29th. This represents a $0.96 annualized dividend and a yield of 4.71%. Regions Financial’s payout ratio is currently 45.93%.

Institutional Trading of Regions Financial

Institutional investors and hedge funds have recently bought and sold shares of the company. Dark Forest Capital Management LP purchased a new stake in Regions Financial in the 1st quarter worth $26,000. Laurel Wealth Advisors LLC grew its holdings in shares of Regions Financial by 86.5% during the fourth quarter. Laurel Wealth Advisors LLC now owns 1,399 shares of the bank’s stock valued at $27,000 after buying an additional 649 shares during the last quarter. ICA Group Wealth Management LLC purchased a new stake in Regions Financial during the 4th quarter valued at about $28,000. Sound Income Strategies LLC boosted its position in shares of Regions Financial by 103.2% during the 4th quarter. Sound Income Strategies LLC now owns 1,477 shares of the bank’s stock worth $29,000 after purchasing an additional 750 shares during the period. Finally, Moisand Fitzgerald Tamayo LLC purchased a new position in Regions Financial during the 3rd quarter worth $26,000. 79.39% of the stock is currently owned by institutional investors.

About Regions Financial

(Get Free Report

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.

Further Reading

Analyst Recommendations for Regions Financial (NYSE:RF)

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