The Goldman Sachs Group Cuts Regions Financial (NYSE:RF) Price Target to $25.00

Regions Financial (NYSE:RF) had its price objective trimmed by The Goldman Sachs Group from $28.00 to $25.00 in a research report released on Tuesday morning,Benzinga reports. The firm currently has a buy rating on the bank’s stock.

A number of other equities research analysts have also issued reports on RF. Wells Fargo & Company cut their price target on shares of Regions Financial from $28.00 to $26.00 and set an “equal weight” rating on the stock in a report on Friday, March 28th. Keefe, Bruyette & Woods dropped their price target on Regions Financial from $28.00 to $26.00 and set an “outperform” rating on the stock in a research report on Monday. Truist Financial lowered their target price on Regions Financial from $26.00 to $24.00 and set a “hold” rating on the stock in a research note on Friday, March 21st. Stephens reduced their price target on shares of Regions Financial from $26.00 to $24.00 and set an “overweight” rating for the company in a research report on Monday. Finally, Morgan Stanley lowered their price objective on shares of Regions Financial from $29.00 to $22.00 and set an “equal weight” rating on the stock in a research report on Monday, April 7th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and eleven have issued a buy rating to the stock. According to MarketBeat.com, Regions Financial has an average rating of “Moderate Buy” and an average price target of $25.53.

Regions Financial Price Performance

Shares of NYSE RF opened at $20.54 on Tuesday. The firm has a 50-day moving average of $21.25 and a two-hundred day moving average of $23.48. The company has a market capitalization of $18.60 billion, a price-to-earnings ratio of 10.59, a PEG ratio of 1.93 and a beta of 1.01. The company has a current ratio of 0.84, a quick ratio of 0.83 and a debt-to-equity ratio of 0.37. Regions Financial has a twelve month low of $17.72 and a twelve month high of $27.96.

Regions Financial (NYSE:RF) last released its quarterly earnings data on Thursday, April 17th. The bank reported $0.54 earnings per share for the quarter, topping the consensus estimate of $0.51 by $0.03. Regions Financial had a return on equity of 12.83% and a net margin of 20.20%. The business had revenue of $1.81 billion during the quarter, compared to analyst estimates of $1.84 billion. During the same period last year, the company posted $0.37 EPS. As a group, analysts expect that Regions Financial will post 2.26 earnings per share for the current fiscal year.

Regions Financial Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, July 1st. Shareholders of record on Friday, May 2nd will be given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 4.87%. The ex-dividend date is Monday, June 2nd. Regions Financial’s dividend payout ratio is 48.08%.

Insider Activity

In related news, Director Joia M. Johnson bought 2,300 shares of the company’s stock in a transaction that occurred on Tuesday, March 11th. The shares were acquired at an average price of $21.18 per share, with a total value of $48,714.00. Following the completion of the transaction, the director now owns 17,486 shares of the company’s stock, valued at $370,353.48. The trade was a 15.15 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 0.29% of the stock is currently owned by company insiders.

Institutional Trading of Regions Financial

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Charles Schwab Investment Management Inc. increased its stake in Regions Financial by 5.0% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 29,183,580 shares of the bank’s stock valued at $686,398,000 after acquiring an additional 1,396,647 shares during the period. Geode Capital Management LLC lifted its position in shares of Regions Financial by 1.8% during the 4th quarter. Geode Capital Management LLC now owns 23,028,497 shares of the bank’s stock worth $540,284,000 after buying an additional 403,283 shares during the period. First Trust Advisors LP boosted its stake in Regions Financial by 7.7% in the 4th quarter. First Trust Advisors LP now owns 17,053,457 shares of the bank’s stock valued at $401,097,000 after buying an additional 1,224,645 shares in the last quarter. Invesco Ltd. grew its position in Regions Financial by 14.5% in the fourth quarter. Invesco Ltd. now owns 15,468,674 shares of the bank’s stock valued at $363,823,000 after acquiring an additional 1,963,954 shares during the period. Finally, Norges Bank acquired a new position in Regions Financial during the fourth quarter worth $279,103,000. 79.39% of the stock is currently owned by institutional investors and hedge funds.

About Regions Financial

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.