Regions Financial (NYSE:RF) Earns Neutral Rating from Analysts at Brean Capital

Investment analysts at Brean Capital initiated coverage on shares of Regions Financial (NYSE:RF) in a research report issued on Thursday. The brokerage set a “neutral” rating on the bank’s stock.

Several other equities analysts also recently issued reports on the stock. Truist Financial lifted their price target on shares of Regions Financial from $26.00 to $29.00 and gave the company a “hold” rating in a report on Monday, December 22nd. Keefe, Bruyette & Woods reissued a “market perform” rating and issued a $31.00 target price on shares of Regions Financial in a report on Tuesday, January 20th. Barclays raised their price target on Regions Financial from $27.00 to $30.00 and gave the company an “underweight” rating in a report on Monday, January 5th. Wells Fargo & Company cut Regions Financial from an “equal weight” rating to an “underweight” rating and set a $30.00 target price on the stock. in a report on Friday, January 16th. Finally, Weiss Ratings reaffirmed a “buy (b)” rating on shares of Regions Financial in a report on Monday, December 29th. Six equities research analysts have rated the stock with a Buy rating, nine have given a Hold rating and three have assigned a Sell rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $29.97.

Regions Financial Price Performance

Shares of RF stock traded down $0.89 during trading hours on Thursday, hitting $25.32. The company had a trading volume of 24,667,079 shares, compared to its average volume of 15,259,110. Regions Financial has a 12 month low of $17.74 and a 12 month high of $31.53. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.80 and a current ratio of 0.80. The firm’s fifty day moving average is $28.64 and its 200 day moving average is $26.90. The firm has a market capitalization of $21.86 billion, a price-to-earnings ratio of 11.06, a PEG ratio of 0.95 and a beta of 1.02.

Regions Financial (NYSE:RF) last announced its quarterly earnings results on Friday, January 16th. The bank reported $0.57 EPS for the quarter, missing the consensus estimate of $0.61 by ($0.04). Regions Financial had a net margin of 22.44% and a return on equity of 12.55%. The company had revenue of $1.92 billion during the quarter, compared to analyst estimates of $1.94 billion. During the same period in the prior year, the firm earned $0.56 EPS. Regions Financial’s quarterly revenue was up 5.8% compared to the same quarter last year. On average, sell-side analysts predict that Regions Financial will post 2.26 EPS for the current fiscal year.

Regions Financial declared that its board has initiated a share repurchase plan on Wednesday, December 10th that allows the company to buyback $3.00 billion in outstanding shares. This buyback authorization allows the bank to repurchase up to 12.9% of its stock through open market purchases. Stock buyback plans are generally an indication that the company’s management believes its stock is undervalued.

Insider Activity at Regions Financial

In related news, EVP William D. Ritter sold 36,000 shares of the business’s stock in a transaction that occurred on Thursday, January 22nd. The shares were sold at an average price of $28.78, for a total transaction of $1,036,080.00. Following the completion of the sale, the executive vice president directly owned 17,569 shares of the company’s stock, valued at $505,635.82. The trade was a 67.20% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. 0.29% of the stock is currently owned by corporate insiders.

Institutional Trading of Regions Financial

Several institutional investors and hedge funds have recently made changes to their positions in RF. Darwin Wealth Management LLC bought a new position in shares of Regions Financial in the 2nd quarter worth $25,000. United Community Bank bought a new position in Regions Financial during the third quarter worth about $30,000. SouthState Bank Corp grew its position in shares of Regions Financial by 94.1% during the 4th quarter. SouthState Bank Corp now owns 1,110 shares of the bank’s stock worth $30,000 after buying an additional 538 shares during the period. Salomon & Ludwin LLC bought a new stake in shares of Regions Financial in the 3rd quarter valued at about $32,000. Finally, Spire Wealth Management raised its position in shares of Regions Financial by 91.5% in the 4th quarter. Spire Wealth Management now owns 1,166 shares of the bank’s stock valued at $32,000 after acquiring an additional 557 shares during the period. Institutional investors own 79.39% of the company’s stock.

About Regions Financial

Regions Financial Corporation (NYSE: RF) is a U.S. bank holding company headquartered in Birmingham, Alabama, that provides a broad range of banking and financial services. Its primary banking subsidiary, Regions Bank, serves retail and commercial customers through a combination of branch and ATM networks, digital channels and relationship-based delivery. The company offers deposit accounts, consumer and commercial loans, mortgage origination and servicing, and payment and treasury services.

In addition to core banking, Regions offers wealth management, trust and brokerage services, insurance solutions, and capital markets capabilities to corporate and institutional clients.