Regions Financial Co. (NYSE:RF) Receives $20.34 Average Price Target from Analysts

Shares of Regions Financial Co. (NYSE:RF) have been assigned a consensus rating of “Hold” from the eighteen brokerages that are covering the stock, Marketbeat reports. One investment analyst has rated the stock with a sell recommendation, eleven have assigned a hold recommendation and six have assigned a buy recommendation to the company. The average 1-year target price among brokerages that have updated their coverage on the stock in the last year is $20.34.

A number of research analysts have weighed in on the company. Keefe, Bruyette & Woods raised their price objective on Regions Financial from $21.00 to $22.00 and gave the company a “market perform” rating in a report on Friday, April 5th. Evercore ISI raised their price objective on Regions Financial from $20.00 to $22.00 and gave the company an “in-line” rating in a report on Thursday, March 28th. Stephens restated an “equal weight” rating and issued a $21.00 price objective on shares of Regions Financial in a report on Tuesday, January 23rd. Piper Sandler raised their price objective on Regions Financial from $20.00 to $21.00 and gave the company a “neutral” rating in a report on Friday, April 26th. Finally, Barclays restated an “underweight” rating and issued a $22.00 price objective (up previously from $20.00) on shares of Regions Financial in a report on Tuesday, January 2nd.

Regions Financial Trading Down 2.1 %

Regions Financial stock opened at $19.26 on Friday. The company has a current ratio of 0.83, a quick ratio of 0.82 and a debt-to-equity ratio of 0.22. Regions Financial has a 12 month low of $13.72 and a 12 month high of $21.08. The stock’s 50 day simple moving average is $19.47 and its two-hundred day simple moving average is $18.16. The firm has a market cap of $17.69 billion, a PE ratio of 10.46, a P/E/G ratio of 1.43 and a beta of 1.21.

Regions Financial (NYSE:RF) last announced its earnings results on Friday, April 19th. The bank reported $0.37 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.45 by ($0.08). Regions Financial had a net margin of 19.75% and a return on equity of 13.28%. The business had revenue of $1.75 billion for the quarter, compared to analysts’ expectations of $1.75 billion. During the same quarter last year, the business earned $0.62 EPS. The company’s quarterly revenue was down 10.5% on a year-over-year basis. Analysts anticipate that Regions Financial will post 1.95 earnings per share for the current year.

Regions Financial Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, July 1st. Stockholders of record on Monday, June 3rd will be paid a $0.24 dividend. This represents a $0.96 annualized dividend and a dividend yield of 4.99%. The ex-dividend date of this dividend is Friday, May 31st. Regions Financial’s payout ratio is presently 52.17%.

Insider Activity

In related news, Director William C. Rhodes III acquired 50,000 shares of the firm’s stock in a transaction dated Tuesday, April 23rd. The stock was acquired at an average price of $19.37 per share, for a total transaction of $968,500.00. Following the purchase, the director now owns 50,000 shares of the company’s stock, valued at approximately $968,500. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Company insiders own 0.33% of the company’s stock.

Institutional Investors Weigh In On Regions Financial

Several institutional investors have recently added to or reduced their stakes in the business. J.W. Cole Advisors Inc. lifted its stake in Regions Financial by 6.0% during the first quarter. J.W. Cole Advisors Inc. now owns 25,359 shares of the bank’s stock worth $534,000 after purchasing an additional 1,439 shares during the last quarter. Hartline Investment Corp acquired a new position in Regions Financial during the first quarter worth approximately $294,000. Norden Group LLC acquired a new position in Regions Financial during the first quarter worth approximately $459,000. HB Wealth Management LLC increased its position in Regions Financial by 0.6% during the first quarter. HB Wealth Management LLC now owns 96,720 shares of the bank’s stock worth $2,035,000 after buying an additional 551 shares during the period. Finally, SpiderRock Advisors LLC acquired a new position in Regions Financial during the first quarter worth approximately $447,000. Hedge funds and other institutional investors 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.