The Goldman Sachs Group Boosts Regions Financial (NYSE:RF) Price Target to $28.00

Regions Financial (NYSE:RFGet Free Report) had its price target boosted by equities researchers at The Goldman Sachs Group from $25.00 to $28.00 in a research report issued on Monday, Benzinga reports. The brokerage presently has a “buy” rating on the bank’s stock. The Goldman Sachs Group’s target price indicates a potential upside of 23.13% from the stock’s previous close.

Several other analysts have also issued reports on RF. Truist Financial boosted their price target on shares of Regions Financial from $23.00 to $25.00 and gave the company a “hold” rating in a research report on Friday, September 20th. Royal Bank of Canada increased their target price on Regions Financial from $21.00 to $23.00 and gave the stock an “outperform” rating in a research report on Monday, July 22nd. Citigroup lifted their price target on Regions Financial from $25.00 to $26.00 and gave the company a “buy” rating in a research report on Thursday, September 19th. Keefe, Bruyette & Woods dropped their price objective on Regions Financial from $22.00 to $21.00 and set a “market perform” rating on the stock in a report on Tuesday, July 9th. Finally, Wells Fargo & Company lifted their target price on Regions Financial from $18.00 to $22.00 and gave the company an “equal weight” rating in a report on Monday, July 22nd. One analyst has rated the stock with a sell rating, twelve have assigned a hold rating and six have given a buy rating to the stock. According to MarketBeat, Regions Financial has an average rating of “Hold” and a consensus price target of $22.86.

Read Our Latest Stock Report on Regions Financial

Regions Financial Trading Down 0.3 %

Shares of RF stock opened at $22.74 on Monday. Regions Financial has a 12-month low of $13.72 and a 12-month high of $23.47. The company has a quick ratio of 0.83, a current ratio of 0.83 and a debt-to-equity ratio of 0.33. The company has a 50 day moving average of $22.22 and a 200-day moving average of $20.71. The firm has a market cap of $20.83 billion, a P/E ratio of 12.36, a PEG ratio of 2.95 and a beta of 1.17.

Regions Financial (NYSE:RFGet Free Report) last issued its quarterly earnings results on Friday, July 19th. The bank reported $0.52 EPS for the quarter, beating analysts’ consensus estimates of $0.49 by $0.03. Regions Financial had a return on equity of 12.64% and a net margin of 18.91%. The firm had revenue of $1.73 billion for the quarter, compared to analysts’ expectations of $1.76 billion. During the same quarter in the prior year, the firm earned $0.59 EPS. The business’s revenue for the quarter was down 11.5% compared to the same quarter last year. Sell-side analysts anticipate that Regions Financial will post 2.01 earnings per share for the current year.

Institutional Trading of Regions Financial

Several hedge funds and other institutional investors have recently bought and sold shares of RF. Vanguard Group Inc. raised its stake in shares of Regions Financial by 2.7% during the fourth quarter. Vanguard Group Inc. now owns 117,704,755 shares of the bank’s stock valued at $2,281,118,000 after acquiring an additional 3,119,237 shares during the last quarter. Bessemer Group Inc. lifted its holdings in Regions Financial by 281.7% in the 1st quarter. Bessemer Group Inc. now owns 79,593 shares of the bank’s stock worth $1,675,000 after buying an additional 58,739 shares during the period. Public Employees Retirement Association of Colorado grew its position in shares of Regions Financial by 1,676.8% in the 4th quarter. Public Employees Retirement Association of Colorado now owns 93,711 shares of the bank’s stock worth $1,816,000 after buying an additional 88,437 shares during the last quarter. UniSuper Management Pty Ltd increased its stake in shares of Regions Financial by 1,075.7% during the first quarter. UniSuper Management Pty Ltd now owns 44,781 shares of the bank’s stock valued at $942,000 after buying an additional 40,972 shares during the period. Finally, Envestnet Portfolio Solutions Inc. increased its stake in shares of Regions Financial by 30.9% during the first quarter. Envestnet Portfolio Solutions Inc. now owns 415,105 shares of the bank’s stock valued at $8,734,000 after buying an additional 98,003 shares during the period. Institutional investors own 79.39% of the company’s stock.

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.

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