Brokerages Set Regions Financial Co. (NYSE:RF) Target Price at $27.67

Regions Financial Co. (NYSE:RF) has received an average rating of “Moderate Buy” from the eighteen brokerages that are presently covering the firm, Marketbeat.com reports. One analyst has rated the stock with a sell rating, six have assigned a hold rating and eleven have given a buy rating to the company. The average 12-month target price among analysts that have issued a report on the stock in the last year is $27.67.

Several analysts have commented on the stock. Truist Financial increased their price target on shares of Regions Financial from $25.00 to $26.00 and gave the company a “hold” rating in a research report on Tuesday, January 21st. Wells Fargo & Company increased their price target on shares of Regions Financial from $24.00 to $28.00 and gave the company an “equal weight” rating in a research report on Friday, November 15th. Piper Sandler increased their price target 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. Barclays increased their price target on shares of Regions Financial from $25.00 to $26.00 and gave the company an “underweight” rating in a research report on Monday, January 6th. Finally, Compass Point increased their price target 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.

Hedge Funds Weigh In On Regions Financial

Several hedge funds and other institutional investors have recently bought and sold shares of RF. AMF Tjanstepension AB acquired a new position in Regions Financial in the 3rd quarter worth approximately $6,281,000. Sequoia Financial Advisors LLC increased its holdings in Regions Financial by 2.8% in the 3rd quarter. Sequoia Financial Advisors LLC now owns 20,267 shares of the bank’s stock worth $473,000 after buying an additional 545 shares during the period. Signaturefd LLC increased its holdings in Regions Financial by 2.6% in the 3rd quarter. Signaturefd LLC now owns 24,073 shares of the bank’s stock worth $562,000 after buying an additional 601 shares during the period. Eastern Bank acquired a new position in Regions Financial in the 3rd quarter worth approximately $81,000. Finally, Private Advisor Group LLC increased its holdings in Regions Financial by 1.8% in the 3rd quarter. Private Advisor Group LLC now owns 24,928 shares of the bank’s stock worth $581,000 after buying an additional 429 shares during the period. Institutional investors and hedge funds own 79.39% of the company’s stock.

Regions Financial Stock Up 1.3 %

NYSE:RF opened at $23.71 on Friday. Regions Financial has a 1-year low of $17.72 and a 1-year high of $27.96. The company has a 50-day moving average of $24.06 and a 200 day moving average of $24.00. The firm has a market cap of $21.47 billion, a PE ratio of 12.22, a price-to-earnings-growth ratio of 1.93 and a beta of 1.20. The company has a debt-to-equity ratio of 0.37, a current ratio of 0.84 and a quick ratio of 0.83.

Regions Financial (NYSE:RF) last released its quarterly earnings data on Friday, January 17th. The bank reported $0.56 earnings per share for the quarter, topping analysts’ consensus estimates of $0.55 by $0.01. Regions Financial had a net margin of 20.20% and a return on equity of 12.83%. The company had revenue of $1.82 billion during the quarter, compared to analyst estimates of $1.86 billion. During the same period in the prior year, the firm earned $0.39 earnings per share. The firm’s revenue for the quarter was up .2% compared to the same quarter last year. As a group, research analysts anticipate that Regions Financial will post 2.26 EPS for the current fiscal year.

Regions Financial Announces Dividend

The firm also recently declared 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. The ex-dividend date of this dividend is Monday, March 3rd. This represents a $1.00 annualized dividend and a yield of 4.22%. Regions Financial’s dividend payout ratio (DPR) is presently 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.