Regions Financial (NYSE:RF) Posts Earnings Results, Beats Expectations By $0.01 EPS

Regions Financial (NYSE:RF) announced its earnings results on Friday. The bank reported $0.56 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.55 by $0.01, RTT News reports. The firm had revenue of $1.82 billion for the quarter, compared to analysts’ expectations of $1,857,300 billion. Regions Financial had a net margin of 18.78% and a return on equity of 12.60%. The business’s revenue was up .2% compared to the same quarter last year. During the same period in the prior year, the company earned $0.39 EPS.

Regions Financial Price Performance

RF opened at $24.53 on Friday. The company has a current ratio of 0.84, a quick ratio of 0.83 and a debt-to-equity ratio of 0.35. The business’s fifty day simple moving average is $25.14 and its 200-day simple moving average is $23.34. The company has a market capitalization of $22.29 billion, a price-to-earnings ratio of 13.86, a PEG ratio of 2.21 and a beta of 1.21. Regions Financial has a 12-month low of $17.42 and a 12-month high of $27.96.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on RF shares. Citigroup raised their price objective on Regions Financial from $26.00 to $30.00 and gave the company a “buy” rating in a research note on Thursday, November 21st. Morgan Stanley restated an “equal weight” rating and set a $32.00 price target (up previously from $28.00) on shares of Regions Financial in a report on Monday, December 9th. Piper Sandler boosted their price objective on shares of Regions Financial from $25.00 to $29.00 and gave the company a “neutral” rating in a research report on Tuesday, December 3rd. Deutsche Bank Aktiengesellschaft raised shares of Regions Financial from a “hold” rating to a “buy” rating and increased their target price for the company from $24.00 to $26.00 in a research note on Thursday, October 24th. Finally, Truist Financial raised shares of Regions Financial to a “hold” rating in a research note on Monday, January 6th. One analyst has rated the stock with a sell rating, seven have given a hold rating and eleven have given a buy rating to the company. According to data from MarketBeat.com, Regions Financial currently has an average rating of “Moderate Buy” and an average target price of $27.67.

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.