Regions Financial (NYSE:RF) Price Target Lowered to $20.00 at Truist Financial

Regions Financial (NYSE:RFFree Report) had its price target lowered by Truist Financial from $22.00 to $20.00 in a report released on Monday morning, Benzinga reports. The firm currently has a hold rating on the bank’s stock.

Other equities analysts also recently issued reports about the stock. Citigroup upgraded shares of Regions Financial from a neutral rating to a buy rating and increased their price objective for the stock from $20.00 to $23.00 in a research note on Monday, March 18th. Argus downgraded shares of Regions Financial from a buy rating to a hold rating in a research note on Tuesday, January 23rd. Royal Bank of Canada raised their target price on shares of Regions Financial from $19.00 to $21.00 and gave the company an outperform rating in a research note on Monday, January 22nd. Evercore ISI raised their target price on shares of Regions Financial from $20.00 to $22.00 and gave the company an in-line rating in a research note on Thursday, March 28th. Finally, Stephens reiterated an equal weight rating and issued a $21.00 target price on shares of Regions Financial in a research note on Tuesday, January 23rd. Two investment analysts have rated the stock with a sell rating, eleven have given a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of Hold and an average target price of $20.17.

Get Our Latest Stock Analysis on RF

Regions Financial Trading Up 2.1 %

Regions Financial stock opened at $19.75 on Monday. The firm has a 50-day moving average of $19.39 and a 200-day moving average of $18.06. Regions Financial has a one year low of $13.72 and a one year high of $21.08. The company has a debt-to-equity ratio of 0.22, a current ratio of 0.83 and a quick ratio of 0.82. The company has a market cap of $18.15 billion, a price-to-earnings ratio of 10.73, a P/E/G ratio of 1.40 and a beta of 1.21.

Regions Financial (NYSE:RFGet Free Report) 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). Regions Financial had a return on equity of 13.28% and a net margin of 19.75%. The business had revenue of $1.75 billion for the quarter, compared to analyst estimates of $1.75 billion. During the same quarter in the prior year, the company earned $0.62 earnings per share. The company’s quarterly revenue was down 10.5% on a year-over-year basis. On average, equities analysts expect that Regions Financial will post 1.95 earnings per share for the current fiscal year.

Regions Financial Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, July 1st. Investors of record on Monday, June 3rd will be paid a $0.24 dividend. The ex-dividend date is Friday, May 31st. This represents a $0.96 dividend on an annualized basis and a yield of 4.86%. Regions Financial’s dividend payout ratio (DPR) is 52.17%.

Insider Activity at Regions Financial

In other news, Director William C. Rhodes III acquired 50,000 shares of the firm’s stock in a transaction that occurred on Tuesday, April 23rd. The shares were acquired at an average cost of $19.37 per share, with a total value of $968,500.00. Following the completion of the purchase, the director now directly owns 50,000 shares of the company’s stock, valued at approximately $968,500. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.33% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in RF. Moisand Fitzgerald Tamayo LLC acquired a new stake in Regions Financial in the third quarter valued at approximately $26,000. Laurel Wealth Advisors LLC boosted its position in Regions Financial by 86.5% in the fourth quarter. Laurel Wealth Advisors LLC now owns 1,399 shares of the bank’s stock valued at $27,000 after buying an additional 649 shares in the last quarter. ICA Group Wealth Management LLC acquired a new stake in Regions Financial in the fourth quarter valued at approximately $28,000. Sound Income Strategies LLC boosted its position in Regions Financial by 103.2% in the fourth quarter. Sound Income Strategies LLC now owns 1,477 shares of the bank’s stock valued at $29,000 after buying an additional 750 shares in the last quarter. Finally, Glassman Wealth Services boosted its position in Regions Financial by 163.3% in the fourth quarter. Glassman Wealth Services now owns 1,559 shares of the bank’s stock valued at $30,000 after buying an additional 967 shares in the last quarter. 79.39% of the stock is owned by institutional investors.

About Regions Financial

(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.

Further Reading

Analyst Recommendations for Regions Financial (NYSE:RF)

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