Regions Financial Co. (NYSE:RF) Receives $27.56 Average PT from Brokerages

Shares of Regions Financial Co. (NYSE:RF) have earned a consensus rating of “Moderate Buy” from the eighteen ratings firms that are currently covering the firm, Marketbeat reports. One equities research analyst has rated the stock with a sell recommendation, six have issued a hold recommendation and eleven have given a buy recommendation to the company. The average twelve-month target price among brokerages that have issued a report on the stock in the last year is $27.28.

RF has been the subject of several research analyst reports. Citigroup reduced their price objective on Regions Financial from $28.00 to $25.00 and set a “buy” rating for the company in a report on Monday. Barclays lifted their price target on shares of Regions Financial from $25.00 to $26.00 and gave the stock an “underweight” rating in a research note on Monday, January 6th. Compass Point increased their price objective on shares of Regions Financial from $25.00 to $31.00 and gave the company a “buy” rating in a research report on Tuesday, December 10th. The Goldman Sachs Group lifted their target price on shares of Regions Financial from $29.00 to $33.00 and gave the stock a “buy” rating in a research report on Tuesday, November 26th. Finally, Piper Sandler increased their price target on Regions Financial from $25.00 to $29.00 and gave the company a “neutral” rating in a report on Tuesday, December 3rd.

Insider Buying and Selling at Regions Financial

In other Regions Financial news, Director Joia M. Johnson purchased 2,300 shares of the firm’s stock in a transaction on Tuesday, March 11th. The shares were acquired at an average cost of $21.18 per share, with a total value of $48,714.00. Following the completion of the acquisition, the director now directly owns 17,486 shares in the company, valued at $370,353.48. The trade was a 15.15 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website. Insiders have bought 3,993 shares of company stock valued at $89,682 over the last 90 days. 0.29% of the stock is currently owned by corporate insiders.

Institutional Trading of Regions Financial

Several institutional investors have recently made changes to their positions in RF. 111 Capital bought a new position in shares of Regions Financial during the fourth quarter worth $204,000. Wealth Enhancement Advisory Services LLC boosted its holdings in shares of Regions Financial by 51.2% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 229,249 shares of the bank’s stock valued at $5,392,000 after purchasing an additional 77,586 shares during the last quarter. Lansforsakringar Fondforvaltning AB publ purchased a new position in shares of Regions Financial during the fourth quarter valued at about $307,000. Siemens Fonds Invest GmbH increased its holdings in shares of Regions Financial by 345.8% in the fourth quarter. Siemens Fonds Invest GmbH now owns 44,148 shares of the bank’s stock worth $1,038,000 after purchasing an additional 34,244 shares during the last quarter. Finally, Universal Beteiligungs und Servicegesellschaft mbH purchased a new stake in shares of Regions Financial in the fourth quarter worth about $16,421,000. Hedge funds and other institutional investors own 79.39% of the company’s stock.

Regions Financial Trading Up 0.8 %

Shares of NYSE RF opened at $22.44 on Wednesday. The firm’s 50 day moving average price is $23.40 and its 200-day moving average price is $23.96. Regions Financial has a 52-week low of $17.72 and a 52-week high of $27.96. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.83 and a current ratio of 0.84. The company has a market cap of $20.32 billion, a PE ratio of 11.57, a P/E/G ratio of 1.93 and a beta of 1.19.

Regions Financial (NYSE:RF) last released its quarterly earnings data on Friday, January 17th. The bank reported $0.56 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.55 by $0.01. The business had revenue of $1.82 billion for the quarter, compared to analysts’ expectations of $1.86 billion. Regions Financial had a return on equity of 12.83% and a net margin of 20.20%. The firm’s quarterly revenue was up .2% on a year-over-year basis. During the same period in the prior year, the firm posted $0.39 EPS. On average, equities research analysts expect that Regions Financial will post 2.26 EPS for the current fiscal year.

Regions Financial Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 1st. Investors of record on Monday, March 3rd will be issued a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 4.46%. The ex-dividend date is Monday, March 3rd. Regions Financial’s dividend payout ratio is 51.55%.

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.