Regions Financial Corporation (NYSE:RF) Stock Has Average Target Price of $31.53

Regions Financial Corporation (NYSE:RF) has been given an average recommendation of “Hold” by the twenty analysts that are covering the stock, MarketBeat reports. Three investment analysts have rated the stock with a sell recommendation, ten have given a hold recommendation and seven have assigned a buy recommendation to the company. The average 1-year target price among brokers that have issued ratings on the stock in the last year is $31.38.

A number of research firms have recently commented on RF. Stephens reiterated an “outperform” rating on shares of Regions Financial in a report on Monday. Evercore restated an “underperform” rating and issued a $31.00 price objective on shares of Regions Financial in a report on Monday, July 6th. UBS Group lowered their price objective on Regions Financial from $33.00 to $30.00 and set a “neutral” rating on the stock in a research report on Monday, October 5th. Keefe, Bruyette & Woods increased their target price on Regions Financial from $32.00 to $33.00 and gave the company a “market perform” rating in a research note on Monday, July 20th. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of Regions Financial in a research note on Thursday.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of RF. State Street Corp increased its position in Regions Financial by 6.2% during the second quarter. State Street Corp now owns 50,667,092 shares of the bank’s stock valued at $1,543,092,000 after acquiring an additional 2,953,594 shares during the last quarter. First Trust Advisors LP boosted its position in Regions Financial by 75.7% in the first quarter. First Trust Advisors LP now owns 13,358,969 shares of the bank’s stock worth $348,936,000 after purchasing an additional 5,754,487 shares during the last quarter. Dimensional Fund Advisors LP boosted its position in Regions Financial by 1.4% in the first quarter. Dimensional Fund Advisors LP now owns 9,827,358 shares of the bank’s stock worth $256,633,000 after purchasing an additional 140,398 shares during the last quarter. Nykredit A S purchased a new position in Regions Financial in the second quarter worth about $236,756,000. Finally, Bank of America Corp DE bought a new stake in shares of Regions Financial during the 2nd quarter valued at about $219,068,000. 79.39% of the stock is owned by institutional investors.

Regions Financial Stock Performance

Shares of RF stock opened at $27.21 on Thursday. The company has a market capitalization of $23.18 billion, a price-to-earnings ratio of 10.56, a price-to-earnings-growth ratio of 1.13 and a beta of 1.05. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.81 and a current ratio of 0.82. Regions Financial has a one year low of $23.59 and a one year high of $32.47. The company’s 50-day moving average is $29.04 and its 200 day moving average is $29.01.

Regions Financial (NYSE:RF) last issued its earnings results on Friday, October 16th. The bank reported $0.73 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.67 by $0.06. The business had revenue of $1.99 billion during the quarter, compared to analysts’ expectations of $1.99 billion. Regions Financial had a net margin of 23.97% and a return on equity of 13.43%. The business’s revenue for the quarter was up 3.0% compared to the same quarter last year. During the same period in the previous year, the company earned $0.63 earnings per share. Sell-side analysts expect that Regions Financial will post 2.63 EPS for the current fiscal year.

Regions Financial Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, January 4th. Stockholders of record on Tuesday, December 1st will be paid a $0.30 dividend. The ex-dividend date is Tuesday, December 1st. This represents a $1.20 annualized dividend and a dividend yield of 4.4%. Regions Financial’s payout ratio is currently 47.06%.

Regions Financial Company Profile

Regions Financial Corporation (NYSE: RF) is a financial services company headquartered in Birmingham, Alabama. Through its principal subsidiary, Regions Bank, the company provides banking and related financial services to consumers, businesses, institutions and governments.

Regions Bank offers checking and savings accounts, consumer and commercial loans, credit products, mortgages, treasury and cash-management services, investment and wealth-management solutions, and insurance-related services.