Regions Financial Corporation (NYSE:RF) Given Average Rating of “Hold” by Analysts

Regions Financial Corporation (NYSE:RF) has received a consensus recommendation of “Hold” from the sixteen analysts that are presently covering the company, Marketbeat Ratings reports. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating and eight have assigned a buy rating to the company. The average twelve-month price objective among brokers that have covered the stock in the last year is $28.9286.

Several equities research analysts have recently weighed in on the stock. Truist Financial increased their price objective on shares of Regions Financial from $26.00 to $29.00 and gave the stock a “hold” rating in a research report on Monday, December 22nd. Weiss Ratings reissued a “buy (b)” rating on shares of Regions Financial in a research report on Monday, December 29th. The Goldman Sachs Group reissued a “buy” rating and issued a $32.00 price objective on shares of Regions Financial in a research note on Tuesday, January 6th. Cowen reaffirmed a “buy” rating on shares of Regions Financial in a research note on Tuesday, October 21st. Finally, Evercore ISI lowered Regions Financial from an “in-line” rating to an “underperform” rating and boosted their price target for the company from $27.00 to $29.00 in a research note on Tuesday, January 6th.

Hedge Funds Weigh In On Regions Financial

Institutional investors have recently made changes to their positions in the stock. Empowered Funds LLC raised its stake in Regions Financial by 7.2% during the 1st quarter. Empowered Funds LLC now owns 19,152 shares of the bank’s stock worth $416,000 after buying an additional 1,278 shares during the period. Woodline Partners LP raised its position in shares of Regions Financial by 40.7% during the first quarter. Woodline Partners LP now owns 76,797 shares of the bank’s stock worth $1,669,000 after purchasing an additional 22,216 shares during the period. Geneos Wealth Management Inc. lifted its holdings in shares of Regions Financial by 23.8% in the 1st quarter. Geneos Wealth Management Inc. now owns 6,731 shares of the bank’s stock worth $146,000 after purchasing an additional 1,294 shares in the last quarter. Strs Ohio bought a new position in shares of Regions Financial in the 1st quarter worth $6,716,000. Finally, Inspire Investing LLC grew its position in Regions Financial by 32.4% in the 1st quarter. Inspire Investing LLC now owns 14,529 shares of the bank’s stock valued at $316,000 after purchasing an additional 3,553 shares during the period. Institutional investors and hedge funds own 79.39% of the company’s stock.

Regions Financial Trading Down 0.9%

NYSE RF opened at $28.27 on Tuesday. The business’s 50-day moving average price is $26.41 and its two-hundred day moving average price is $25.88. Regions Financial has a 12 month low of $17.74 and a 12 month high of $29.25. The firm has a market capitalization of $24.79 billion, a PE ratio of 12.45, a price-to-earnings-growth ratio of 1.02 and a beta of 1.03. The company has a current ratio of 0.82, a quick ratio of 0.81 and a debt-to-equity ratio of 0.27.

Regions Financial (NYSE:RF) last issued its quarterly earnings data on Thursday, February 27th. The bank reported $0.39 earnings per share (EPS) for the quarter. The company had revenue of $1.81 billion during the quarter. Regions Financial had a return on equity of 13.05% and a net margin of 22.49%. On average, analysts expect that Regions Financial will post 2.26 EPS for the current year.

Regions Financial Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, January 2nd. Investors of record on Monday, December 1st were given a dividend of $0.265 per share. This represents a $1.06 dividend on an annualized basis and a dividend yield of 3.8%. The ex-dividend date was Monday, December 1st. Regions Financial’s payout ratio is presently 46.70%.

Regions Financial declared that its Board of Directors has initiated a stock buyback program on Wednesday, December 10th that authorizes the company to buyback $3.00 billion in outstanding shares. This buyback authorization authorizes the bank to purchase up to 12.9% of its shares through open market purchases. Shares buyback programs are typically an indication that the company’s leadership believes its shares are undervalued.

About Regions Financial

Regions Financial Corporation (NYSE: RF) is a U.S. bank holding company headquartered in Birmingham, Alabama, that provides a broad range of banking and financial services. Its primary banking subsidiary, Regions Bank, serves retail and commercial customers through a combination of branch and ATM networks, digital channels and relationship-based delivery. The company offers deposit accounts, consumer and commercial loans, mortgage origination and servicing, and payment and treasury services.

In addition to core banking, Regions offers wealth management, trust and brokerage services, insurance solutions, and capital markets capabilities to corporate and institutional clients.