Regions Financial (NYSE:RF) Receives “Underperform” Rating from Robert W. Baird

Regions Financial (NYSE:RF)‘s stock had its “underperform” rating reaffirmed by Robert W. Baird in a report issued on Monday,Benzinga reports. They currently have a $28.00 price target on the bank’s stock. Robert W. Baird’s price target indicates a potential downside of 7.54% from the stock’s previous close.

Several other analysts have also issued reports on RF. Truist Financial reiterated a “hold” rating and set a $30.00 price objective on shares of Regions Financial in a report on Tuesday, April 21st. JPMorgan Chase & Co. dropped their target price on Regions Financial from $31.50 to $29.00 and set a “neutral” rating on the stock in a research report on Tuesday, April 7th. Piper Sandler cut their price target on Regions Financial from $31.00 to $28.00 and set a “neutral” rating for the company in a research note on Monday, March 30th. Royal Bank Of Canada lifted their price target on Regions Financial from $29.00 to $31.00 and gave the company an “outperform” rating in a report on Monday, April 20th. Finally, Brean Capital assumed coverage on Regions Financial in a research note on Thursday, March 12th. They issued a “neutral” rating for the company. Seven investment analysts have rated the stock with a Buy rating, eight have given a Hold rating and four have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $30.62.

Regions Financial Price Performance

Shares of RF opened at $30.29 on Monday. The company has a debt-to-equity ratio of 0.18, a current ratio of 0.80 and a quick ratio of 0.80. The company has a market capitalization of $25.84 billion, a price-to-earnings ratio of 12.62, a P/E/G ratio of 1.15 and a beta of 1.00. The business’s 50-day moving average is $28.38 and its 200-day moving average is $28.01. Regions Financial has a fifty-two week low of $22.70 and a fifty-two week high of $31.53.

Regions Financial (NYSE:RF) last released its quarterly earnings data on Friday, April 17th. The bank reported $0.62 earnings per share for the quarter, beating the consensus estimate of $0.61 by $0.01. Regions Financial had a net margin of 23.13% and a return on equity of 12.70%. The firm had revenue of $1.87 billion for the quarter, compared to analyst estimates of $1.92 billion. During the same quarter in the prior year, the business earned $0.54 EPS. The company’s revenue for the quarter was up 5.0% compared to the same quarter last year. Equities research analysts expect that Regions Financial will post 2.61 EPS for the current fiscal year.

Insider Buying and Selling

In other news, EVP Brian R. Willman sold 7,014 shares of Regions Financial stock in a transaction that occurred on Thursday, May 7th. The shares were sold at an average price of $27.91, for a total value of $195,760.74. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. 0.34% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Regions Financial

A number of hedge funds have recently bought and sold shares of RF. Swiss Life Asset Management Ltd lifted its stake in Regions Financial by 244.4% during the fourth quarter. Swiss Life Asset Management Ltd now owns 2,255,888 shares of the bank’s stock worth $61,135,000 after purchasing an additional 1,600,926 shares during the period. Schroder Investment Management Group boosted its stake in Regions Financial by 11.2% in the 3rd quarter. Schroder Investment Management Group now owns 1,732,045 shares of the bank’s stock valued at $45,899,000 after buying an additional 173,871 shares in the last quarter. Interval Partners LP grew its position in Regions Financial by 30.5% in the third quarter. Interval Partners LP now owns 786,307 shares of the bank’s stock valued at $20,735,000 after acquiring an additional 183,694 shares during the period. Korea Investment CORP raised its stake in Regions Financial by 177.2% during the third quarter. Korea Investment CORP now owns 2,407,473 shares of the bank’s stock worth $63,485,000 after acquiring an additional 1,538,827 shares in the last quarter. Finally, Waterloo Capital L.P. raised its stake in Regions Financial by 123.7% during the fourth quarter. Waterloo Capital L.P. now owns 135,909 shares of the bank’s stock worth $3,683,000 after acquiring an additional 75,149 shares in the last quarter. 79.39% of the stock is currently owned by institutional investors.

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.