Regions Financial (NYSE:RF) Coverage Initiated at Jefferies Financial Group

Jefferies Financial Group initiated coverage on shares of Regions Financial (NYSE:RF) in a research report issued on Wednesday, MarketBeat.com reports. The firm set a “hold” rating and a $24.00 price target on the bank’s stock. Jefferies Financial Group’s price target would indicate a potential upside of 12.31% from the company’s current price.

Other research analysts also recently issued reports about the stock. Keefe, Bruyette & Woods decreased their price target on shares of Regions Financial from $28.00 to $26.00 and set an “outperform” rating on the stock in a research report on Monday, April 21st. Cowen began coverage on shares of Regions Financial in a research report on Wednesday, May 14th. They set a “buy” rating on the stock. Truist Financial decreased their price objective on shares of Regions Financial from $24.00 to $21.00 and set a “hold” rating on the stock in a research report on Tuesday, April 22nd. Citigroup decreased their price objective on shares of Regions Financial from $28.00 to $25.00 and set a “buy” rating on the stock in a research report on Monday, March 24th. Finally, The Goldman Sachs Group decreased their price objective on shares of Regions Financial from $28.00 to $25.00 and set a “buy” rating on the stock in a research report on Tuesday, April 22nd. One analyst has rated the stock with a sell rating, nine have given a hold rating and twelve have issued a buy rating to the company’s stock. According to MarketBeat, Regions Financial presently has a consensus rating of “Moderate Buy” and a consensus price target of $25.80.

Regions Financial Stock Performance

Regions Financial stock opened at $21.37 on Wednesday. The company has a market capitalization of $19.21 billion, a PE ratio of 11.02, a P/E/G ratio of 1.93 and a beta of 0.97. The firm has a fifty day simple moving average of $20.75 and a two-hundred day simple moving average of $23.17. The company has a quick ratio of 0.83, a current ratio of 0.84 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 results on Thursday, April 17th. The bank reported $0.54 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.51 by $0.03. The company had revenue of $1.81 billion during the quarter, compared to the consensus estimate of $1.84 billion. Regions Financial had a net margin of 20.20% and a return on equity of 12.83%. During the same period in the prior year, the firm earned $0.37 earnings per share. Research analysts expect that Regions Financial will post 2.26 EPS for the current year.

Insider Buying and Selling

In other Regions Financial news, Director Joia M. Johnson purchased 2,300 shares of the business’s stock in a transaction that occurred on Tuesday, March 11th. The shares were purchased at an average price of $21.18 per share, for a total transaction of $48,714.00. Following the completion of the acquisition, the director now owns 17,486 shares of the company’s stock, valued at approximately $370,353.48. This represents a 15.15% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 0.29% of the company’s stock.

Institutional Trading of Regions Financial

A number of hedge funds have recently made changes to their positions in RF. LBP AM SA lifted its stake in Regions Financial by 149.4% in the fourth quarter. LBP AM SA now owns 730,614 shares of the bank’s stock valued at $17,184,000 after buying an additional 437,691 shares during the last quarter. Aigen Investment Management LP purchased a new position in Regions Financial during the 4th quarter valued at about $1,965,000. Vest Financial LLC grew its stake in Regions Financial by 20.4% during the 4th quarter. Vest Financial LLC now owns 1,479,865 shares of the bank’s stock valued at $34,806,000 after acquiring an additional 250,729 shares in the last quarter. Beacon Capital Management LLC lifted its holdings in shares of Regions Financial by 1,099.7% during the 4th quarter. Beacon Capital Management LLC now owns 139,665 shares of the bank’s stock valued at $3,285,000 after buying an additional 128,023 shares during the last quarter. Finally, LPL Financial LLC lifted its holdings in shares of Regions Financial by 4.0% during the 4th quarter. LPL Financial LLC now owns 939,376 shares of the bank’s stock valued at $22,094,000 after buying an additional 36,438 shares during the last quarter. Institutional investors and hedge funds own 79.39% of the company’s stock.

Regions Financial Company Profile

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.