Regions Financial (NYSE:RF) PT Raised to $22.00 at Truist Financial

Regions Financial (NYSE:RFGet Free Report) had its target price raised by investment analysts at Truist Financial from $20.00 to $22.00 in a research report issued on Monday, Benzinga reports. The firm presently has a “hold” rating on the bank’s stock. Truist Financial’s target price points to a potential upside of 8.00% from the company’s current price.

Several other research firms also recently commented on RF. Morgan Stanley boosted their target price on shares of Regions Financial from $21.00 to $27.00 and gave the stock an “overweight” rating in a report on Tuesday, January 30th. StockNews.com cut shares of Regions Financial from a “hold” rating to a “sell” rating in a research report on Tuesday, February 6th. Evercore ISI boosted their price target on shares of Regions Financial from $20.00 to $22.00 and gave the stock an “in-line” rating in a research report on Thursday, March 28th. Citigroup upgraded shares of Regions Financial from a “neutral” rating to a “buy” rating and boosted their price target for the stock from $20.00 to $23.00 in a research report on Monday, March 18th. Finally, Piper Sandler boosted their price target on shares of Regions Financial from $15.00 to $18.00 and gave the stock a “neutral” rating in a research report on Friday, December 8th. Two equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat, Regions Financial presently has an average rating of “Hold” and a consensus target price of $20.34.

Get Our Latest Stock Analysis on Regions Financial

Regions Financial Price Performance

RF stock opened at $20.37 on Monday. Regions Financial has a one year low of $13.72 and a one year high of $21.08. The company’s fifty day moving average price is $19.05 and its 200-day moving average price is $17.79. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.82 and a current ratio of 0.82. The company has a market capitalization of $18.72 billion, a PE ratio of 9.75, a price-to-earnings-growth ratio of 1.52 and a beta of 1.21.

Regions Financial (NYSE:RFGet Free Report) last released its earnings results on Friday, January 19th. The bank reported $0.39 EPS for the quarter, missing the consensus estimate of $0.48 by ($0.09). Regions Financial had a return on equity of 14.50% and a net margin of 22.66%. The company had revenue of $1.81 billion during the quarter, compared to analysts’ expectations of $1.80 billion. During the same period last year, the firm posted $0.67 EPS. Regions Financial’s quarterly revenue was down 9.5% compared to the same quarter last year. On average, equities analysts anticipate that Regions Financial will post 1.97 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in RF. Moisand Fitzgerald Tamayo LLC bought a new position in shares of Regions Financial in the third quarter worth about $26,000. Dark Forest Capital Management LP bought a new position in shares of Regions Financial in the first quarter worth about $26,000. Laurel Wealth Advisors LLC grew its holdings in shares of Regions Financial by 86.5% in the fourth quarter. Laurel Wealth Advisors LLC now owns 1,399 shares of the bank’s stock worth $27,000 after purchasing an additional 649 shares during the last quarter. ICA Group Wealth Management LLC bought a new position in shares of Regions Financial in the fourth quarter worth about $28,000. Finally, Sound Income Strategies LLC grew its holdings in shares of Regions Financial by 103.2% in the fourth quarter. Sound Income Strategies LLC now owns 1,477 shares of the bank’s stock worth $29,000 after purchasing an additional 750 shares during the last quarter. 79.39% of the stock is currently owned by institutional investors.

Regions Financial Company Profile

(Get Free Report)

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.

Featured Articles

Analyst Recommendations for Regions Financial (NYSE:RF)

Receive News & Ratings for Regions Financial Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Regions Financial and related companies with MarketBeat.com's FREE daily email newsletter.