Regions Financial Corporation (NYSE:RF) Receives Consensus Recommendation of “Moderate Buy” from Analysts

Regions Financial Corporation (NYSE:RF) has received a consensus rating of “Moderate Buy” from the twenty-one analysts that are currently covering the stock, MarketBeat.com reports. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and twelve have issued a buy rating on the company. The average 12 month price target among brokerages that have covered the stock in the last year is $25.80.

Several equities analysts recently commented on the stock. Wells Fargo & Company dropped their price objective on shares of Regions Financial from $28.00 to $26.00 and set an “equal weight” rating for the company in a research note on Friday, March 28th. Citigroup dropped their price objective on shares of Regions Financial from $28.00 to $25.00 and set a “buy” rating for the company in a research note on Monday, March 24th. Keefe, Bruyette & Woods dropped their price target on shares of Regions Financial from $28.00 to $26.00 and set an “outperform” rating for the company in a research note on Monday, April 21st. The Goldman Sachs Group cut their price target on shares of Regions Financial from $28.00 to $25.00 and set a “buy” rating on the stock in a report on Tuesday, April 22nd. Finally, Truist Financial reiterated a “hold” rating on shares of Regions Financial in a report on Friday, May 23rd.

Hedge Funds Weigh In On Regions Financial

A number of hedge funds have recently bought and sold shares of the company. Norges Bank bought a new stake in Regions Financial in the fourth quarter valued at $279,103,000. Invesco Ltd. increased its stake in Regions Financial by 35.7% in the first quarter. Invesco Ltd. now owns 20,990,446 shares of the bank’s stock valued at $456,122,000 after purchasing an additional 5,521,772 shares in the last quarter. Nuveen LLC bought a new stake in Regions Financial in the first quarter valued at $53,018,000. Charles Schwab Investment Management Inc. increased its stake in Regions Financial by 6.5% in the first quarter. Charles Schwab Investment Management Inc. now owns 31,092,742 shares of the bank’s stock valued at $675,645,000 after purchasing an additional 1,909,162 shares in the last quarter. Finally, Deutsche Bank AG increased its stake in Regions Financial by 52.7% in the fourth quarter. Deutsche Bank AG now owns 5,522,612 shares of the bank’s stock valued at $129,892,000 after purchasing an additional 1,907,121 shares in the last quarter. Institutional investors own 79.39% of the company’s stock.

Regions Financial Stock Performance

NYSE RF opened at $23.39 on Friday. The firm has a market capitalization of $21.03 billion, a price-to-earnings ratio of 11.25, a P/E/G ratio of 1.82 and a beta of 0.96. The company has a current ratio of 0.84, a quick ratio of 0.83 and a debt-to-equity ratio of 0.36. The firm’s 50 day simple moving average is $21.48 and its 200 day simple moving average is $22.40. Regions Financial has a 1 year low of $17.74 and a 1 year high of $27.96.

Regions Financial (NYSE:RF) last issued its quarterly earnings data on Thursday, April 17th. The bank reported $0.54 EPS for the quarter, beating the consensus estimate of $0.51 by $0.03. The business 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 21.43% and a return on equity of 13.04%. During the same quarter in the prior year, the firm earned $0.37 EPS. As a group, research 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. Investors of record on Friday, May 2nd will be paid a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 4.27%. The ex-dividend date is Monday, June 2nd. Regions Financial’s dividend payout ratio is presently 48.08%.

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.