Regions Financial Co. (NYSE:RF) Receives $27.67 Average PT from Analysts

Regions Financial Co. (NYSE:RF) has earned an average rating of “Moderate Buy” from the eighteen research firms that are currently covering the firm, MarketBeat.com reports. One equities research analyst has rated the stock with a sell recommendation, six have given a hold recommendation and eleven have assigned a buy recommendation to the company. The average 1-year price target among analysts that have issued a report on the stock in the last year is $27.67.

A number of research firms recently weighed in on RF. Barclays boosted their price target on shares of Regions Financial from $25.00 to $26.00 and gave the stock an “underweight” rating in a research report on Monday, January 6th. Morgan Stanley restated an “equal weight” rating and issued a $32.00 price target (up from $28.00) on shares of Regions Financial in a research report on Monday, December 9th. Citigroup increased their price target on Regions Financial from $26.00 to $30.00 and gave the company a “buy” rating in a report on Thursday, November 21st. The Goldman Sachs Group boosted their price objective on Regions Financial from $29.00 to $33.00 and gave the stock a “buy” rating in a research note on Tuesday, November 26th. Finally, Wells Fargo & Company raised their target price on Regions Financial from $24.00 to $28.00 and gave the stock an “equal weight” rating in a research note on Friday, November 15th.

Regions Financial Stock Performance

NYSE RF opened at $23.35 on Friday. 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 has a 1-year low of $17.72 and a 1-year high of $27.96. The company has a market cap of $21.14 billion, a PE ratio of 12.04, a price-to-earnings-growth ratio of 1.93 and a beta of 1.20. The stock’s 50 day simple moving average is $24.05 and its 200-day simple moving average is $23.98.

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

Regions Financial Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 1st. Investors of record on Monday, March 3rd will be given a dividend of $0.25 per share. The ex-dividend date is Monday, March 3rd. This represents a $1.00 dividend on an annualized basis and a dividend yield of 4.28%. Regions Financial’s payout ratio is currently 51.55%.

Institutional Trading of Regions Financial

Several institutional investors have recently added to or reduced their stakes in the stock. AMF Tjanstepension AB acquired a new stake in shares of Regions Financial in the third quarter valued at $6,281,000. Sequoia Financial Advisors LLC boosted its holdings in Regions Financial by 2.8% during the 3rd quarter. Sequoia Financial Advisors LLC now owns 20,267 shares of the bank’s stock valued at $473,000 after acquiring an additional 545 shares during the period. Signaturefd LLC grew its position in Regions Financial by 2.6% in the 3rd quarter. Signaturefd LLC now owns 24,073 shares of the bank’s stock valued at $562,000 after acquiring an additional 601 shares in the last quarter. Eastern Bank purchased a new stake in Regions Financial during the third quarter worth about $81,000. Finally, Private Advisor Group LLC increased its stake in Regions Financial by 1.8% during the third quarter. Private Advisor Group LLC now owns 24,928 shares of the bank’s stock worth $581,000 after purchasing an additional 429 shares during the period. Institutional investors and hedge funds own 79.39% of the company’s stock.

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.