Regions Financial (NYSE:RF) Price Target Raised to $25.00 at Bank of America

Regions Financial (NYSE:RF) had its price objective boosted by equities research analysts at Bank of America from $22.00 to $25.00 in a research note issued on Monday, Benzinga reports. The firm currently has a “neutral” rating on the bank’s stock. Bank of America‘s price target suggests a potential upside of 11.66% from the company’s previous close.

A number of other analysts have also issued reports on the company. Truist Financial lifted their target price on Regions Financial from $21.00 to $23.00 and gave the stock a “hold” rating in a research report on Monday. Jefferies Financial Group boosted their price objective on Regions Financial from $22.00 to $24.00 and gave the company a “buy” rating in a report on Wednesday, July 3rd. Morgan Stanley lowered their price objective on Regions Financial from $27.00 to $25.00 and set an “overweight” rating for the company in a report on Monday, April 22nd. Keefe, Bruyette & Woods decreased their target price on Regions Financial from $22.00 to $21.00 and set a “market perform” rating for the company in a research note on Tuesday, July 9th. Finally, Royal Bank of Canada lifted their target price on Regions Financial from $21.00 to $23.00 and gave the company an “outperform” rating in a research note on Monday. One research analyst has rated the stock with a sell rating, thirteen have assigned a hold rating and six have given a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $21.45.

Regions Financial Price Performance

Shares of NYSE RF opened at $22.39 on Monday. Regions Financial has a 1 year low of $13.72 and a 1 year high of $22.84. The firm has a market cap of $20.51 billion, a price-to-earnings ratio of 12.17, a PEG ratio of 2.53 and a beta of 1.18. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.83 and a current ratio of 0.83. The stock’s 50-day simple moving average is $19.69 and its 200-day simple moving average is $19.36.

Regions Financial (NYSE:RF) last announced its earnings results on Friday, July 19th. The bank reported $0.52 earnings per share (EPS) for the quarter, topping 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 business had revenue of $1.73 billion for the quarter, compared to analyst estimates of $1.76 billion. During the same period in the previous year, the company earned $0.59 earnings per share. The company’s revenue for the quarter was down 11.5% compared to the same quarter last year. As a group, equities analysts anticipate that Regions Financial will post 1.98 earnings per share for the current fiscal year.

Insider Buying and Selling at Regions Financial

In other Regions Financial news, EVP William D. Ritter sold 23,000 shares of the company’s stock in a transaction dated Friday, May 3rd. The shares were sold at an average price of $19.95, for a total transaction of $458,850.00. Following the completion of the sale, the executive vice president now directly owns 41,671 shares in the company, valued at $831,336.45. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 0.33% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the stock. EntryPoint Capital LLC acquired a new position in shares of Regions Financial during the first quarter valued at about $26,000. Laurel Wealth Advisors LLC raised 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 worth $27,000 after purchasing an additional 649 shares in the last quarter. MV Capital Management Inc. raised its position in Regions Financial by 75.6% in the first quarter. MV Capital Management Inc. now owns 1,435 shares of the bank’s stock worth $30,000 after purchasing an additional 618 shares in the last quarter. ICA Group Wealth Management LLC acquired a new position in Regions Financial in the fourth quarter worth about $28,000. Finally, Glassman Wealth Services increased its holdings in shares of Regions Financial by 163.3% during the fourth quarter. Glassman Wealth Services now owns 1,559 shares of the bank’s stock worth $30,000 after buying an additional 967 shares in the last quarter. Institutional investors and hedge funds own 79.39% of the company’s stock.

About Regions Financial

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.