Regions Financial Co. (NYSE:RF) Receives $22.06 Average Price Target from Brokerages

Shares of Regions Financial Co. (NYSE:RF) have earned an average recommendation of “Hold” from the eighteen brokerages that are covering the firm, MarketBeat.com reports. One research analyst has rated the stock with a sell recommendation, eleven have issued a hold recommendation and six have issued a buy recommendation on the company. The average 1 year price target among brokers that have issued ratings on the stock in the last year is $22.06.

Several research firms have recently weighed in on RF. Truist Financial increased their price objective on Regions Financial from $23.00 to $25.00 and gave the company a “hold” rating in a research report on Friday, September 20th. Bank of America upped their price target on shares of Regions Financial from $22.00 to $25.00 and gave the stock a “neutral” rating in a research report on Monday, July 22nd. StockNews.com upgraded Regions Financial from a “sell” rating to a “hold” rating in a research report on Thursday, September 12th. Jefferies Financial Group upped their target price on shares of Regions Financial from $22.00 to $24.00 and gave the company a “buy” rating in a research report on Wednesday, July 3rd. Finally, Citigroup increased their price target on shares of Regions Financial from $25.00 to $26.00 and gave the company a “buy” rating in a research report on Thursday, September 19th.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in RF. EntryPoint Capital LLC bought a new position in shares of Regions Financial in the 1st quarter worth approximately $26,000. Quarry LP grew its stake in shares of Regions Financial by 157.2% during the 2nd quarter. Quarry LP now owns 1,335 shares of the bank’s stock valued at $27,000 after purchasing an additional 816 shares during the period. ICA Group Wealth Management LLC bought a new stake in Regions Financial during the fourth quarter valued at approximately $28,000. MV Capital Management Inc. increased its stake in shares of Regions Financial by 75.6% in the 1st 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. Finally, Whittier Trust Co. of Nevada Inc. raised its stake in shares of Regions Financial by 530.0% in the second quarter. Whittier Trust Co. of Nevada Inc. now owns 1,493 shares of the bank’s stock worth $30,000 after buying an additional 1,256 shares during the period. Institutional investors own 79.39% of the company’s stock.

Regions Financial Trading Down 3.4 %

NYSE:RF opened at $22.54 on Wednesday. The stock has a fifty day simple moving average of $22.20 and a 200 day simple moving average of $20.58. The firm has a market capitalization of $20.64 billion, a price-to-earnings ratio of 12.33, a price-to-earnings-growth ratio of 2.95 and a beta of 1.17. The company has a quick ratio of 0.83, a current ratio of 0.83 and a debt-to-equity ratio of 0.33. Regions Financial has a 1-year low of $13.72 and a 1-year high of $23.47.

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

Regions Financial Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, October 1st. Investors of record on Tuesday, September 3rd were given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 4.44%. This is a boost from Regions Financial’s previous quarterly dividend of $0.24. The ex-dividend date was Tuesday, September 3rd. Regions Financial’s payout ratio is presently 54.35%.

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.