Regions Financial (NYSE:RF) Price Target Cut to $25.00

Regions Financial (NYSE:RF) had its target price dropped by equities research analysts at Morgan Stanley from $27.00 to $25.00 in a report issued on Monday, Benzinga reports. The firm currently has an “overweight” rating on the bank’s stock. Morgan Stanley’s price target points to a potential upside of 29.27% from the company’s current price.

A number of other research firms have also commented on RF. StockNews.com lowered Regions Financial from a “hold” rating to a “sell” rating in a research note on Tuesday, February 6th. Citigroup upgraded Regions Financial from a “neutral” rating to a “buy” rating and lifted their price objective for the stock from $20.00 to $23.00 in a research note on Monday, March 18th. Keefe, Bruyette & Woods boosted their price target on Regions Financial from $21.00 to $22.00 and gave the company a “market perform” rating in a research note on Friday, April 5th. Royal Bank of Canada boosted their price target on Regions Financial from $19.00 to $21.00 and gave the company an “outperform” rating in a research note on Monday, January 22nd. Finally, Evercore ISI boosted their price target on Regions Financial from $20.00 to $22.00 and gave the company an “in-line” rating in a research note on Thursday, March 28th. Two equities research analysts have rated the stock with a sell rating, eleven have given a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Regions Financial has a consensus rating of “Hold” and an average target price of $20.17.

Regions Financial Trading Up 0.8 %

Regions Financial stock opened at $19.34 on Monday. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.82 and a current ratio of 0.83. The business’s 50-day simple moving average is $19.36 and its 200-day simple moving average is $18.05. The firm has a market capitalization of $17.77 billion, a PE ratio of 10.51, a PEG ratio of 1.37 and a beta of 1.21. Regions Financial has a 52 week low of $13.72 and a 52 week high of $21.08.

Regions Financial (NYSE:RF) last posted its quarterly earnings data on Friday, April 19th. The bank reported $0.37 EPS for the quarter, missing analysts’ consensus estimates of $0.45 by ($0.08). The business had revenue of $1.75 billion during the quarter, compared to the consensus estimate of $1.75 billion. Regions Financial had a return on equity of 13.28% and a net margin of 19.75%. The company’s revenue for the quarter was down 10.5% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.62 earnings per share. Equities research analysts forecast that Regions Financial will post 1.97 earnings per share for the current year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the business. Advisor Resource Council acquired a new position in shares of Regions Financial in the 4th quarter worth approximately $1,944,000. Vestmark Advisory Solutions Inc. boosted its holdings in shares of Regions Financial by 126.3% in the 3rd quarter. Vestmark Advisory Solutions Inc. now owns 26,436 shares of the bank’s stock worth $455,000 after acquiring an additional 14,756 shares in the last quarter. abrdn plc boosted its holdings in shares of Regions Financial by 17.0% in the 4th quarter. abrdn plc now owns 2,350,151 shares of the bank’s stock worth $45,546,000 after acquiring an additional 341,878 shares in the last quarter. LPL Financial LLC lifted its holdings in Regions Financial by 19.6% during the 3rd quarter. LPL Financial LLC now owns 582,491 shares of the bank’s stock worth $10,019,000 after buying an additional 95,271 shares in the last quarter. Finally, Vaughan David Investments LLC IL lifted its holdings in Regions Financial by 48.9% during the 4th quarter. Vaughan David Investments LLC IL now owns 2,470,891 shares of the bank’s stock worth $47,886,000 after buying an additional 811,174 shares in the last quarter. 79.39% of the stock is owned by institutional investors and hedge funds.

About Regions Financial

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.