Keefe, Bruyette & Woods Raises Regions Financial (NYSE:RF) Price Target to $33.00

Regions Financial (NYSE:RF) had its price objective increased by investment analysts at Keefe, Bruyette & Woods from $32.00 to $33.00 in a research note issued to investors on Monday,Benzinga reports. The brokerage presently has a “market perform” rating on the bank’s stock. Keefe, Bruyette & Woods’ price objective would indicate a potential upside of 4.19% from the company’s previous close.

Several other research firms have also recently issued reports on RF. Royal Bank Of Canada restated an “outperform” rating on shares of Regions Financial in a research report on Monday. Morgan Stanley boosted their target price on shares of Regions Financial from $34.00 to $35.00 and gave the company an “equal weight” rating in a report on Monday, June 29th. Robert W. Baird reissued an “underperform” rating and issued a $28.00 price target on shares of Regions Financial in a research note on Monday, July 6th. Jefferies Financial Group restated a “hold” rating and set a $32.00 price target on shares of Regions Financial in a report on Friday. Finally, Wells Fargo & Company lifted their price target on shares of Regions Financial from $28.00 to $30.00 and gave the company an “underweight” rating in a research report on Monday, July 6th. Six investment analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and four have given a Sell rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $31.44.

Regions Financial Stock Up 0.1%

Shares of NYSE:RF opened at $31.67 on Monday. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 0.26. The business has a fifty day moving average of $28.95 and a two-hundred day moving average of $28.25. The stock has a market cap of $27.03 billion, a P/E ratio of 12.93, a PEG ratio of 1.22 and a beta of 1.00. Regions Financial has a 52-week low of $22.70 and a 52-week high of $32.47.

Regions Financial (NYSE:RF) last issued its earnings results on Friday, July 17th. The bank reported $0.68 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.63 by $0.05. Regions Financial had a return on equity of 12.88% and a net margin of 23.33%.The business had revenue of $1.95 billion during the quarter, compared to the consensus estimate of $1.94 billion. During the same period last year, the company earned $0.60 EPS. The company’s revenue for the quarter was up .1% on a year-over-year basis. On average, research analysts expect that Regions Financial will post 2.6 earnings per share for the current year.

Insider Buying and Selling at Regions Financial

In related news, EVP Brian R. Willman sold 7,014 shares of Regions Financial stock in a transaction that occurred on Thursday, May 7th. The shares were sold at an average price of $27.91, for a total value of $195,760.74. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 0.34% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in RF. Charles Schwab Investment Management Inc. boosted its position in shares of Regions Financial by 0.7% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 31,837,339 shares of the bank’s stock worth $862,792,000 after buying an additional 215,061 shares during the period. Victory Capital Management Inc. raised its holdings in shares of Regions Financial by 68.9% in the 4th quarter. Victory Capital Management Inc. now owns 22,836,163 shares of the bank’s stock valued at $618,860,000 after buying an additional 9,312,449 shares during the period. Invesco Ltd. raised its holdings in shares of Regions Financial by 3.1% in the 4th quarter. Invesco Ltd. now owns 19,348,237 shares of the bank’s stock valued at $524,337,000 after buying an additional 573,659 shares during the period. Morgan Stanley lifted its stake in Regions Financial by 1.3% during the 4th quarter. Morgan Stanley now owns 18,356,400 shares of the bank’s stock worth $497,459,000 after acquiring an additional 231,924 shares in the last quarter. Finally, First Trust Advisors LP lifted its stake in Regions Financial by 75.7% during the 1st quarter. First Trust Advisors LP now owns 13,358,969 shares of the bank’s stock worth $348,936,000 after acquiring an additional 5,754,487 shares in the last quarter. 79.39% of the stock is currently owned by institutional investors and hedge funds.

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.