Regions Financial (NYSE:RF) Given New $30.50 Price Target at JPMorgan Chase & Co.

Regions Financial (NYSE:RF) had its price target dropped by stock analysts at JPMorgan Chase & Co. from $32.00 to $30.50 in a report released on Friday, Benzinga reports. The firm currently has a “neutral” rating on the bank’s stock. JPMorgan Chase & Co.‘s target price indicates a potential upside of 12.69% from the company’s previous close.

A number of other equities analysts have also weighed in on RF. DA Davidson boosted their target price on Regions Financial from $33.00 to $34.00 and gave the stock a “neutral” rating in a research report on Monday, July 20th. Morgan Stanley lowered their price objective on shares of Regions Financial from $36.00 to $35.00 and set an “equal weight” rating on the stock in a research report on Monday. Evercore reaffirmed an “underperform” rating and issued a $31.00 target price on shares of Regions Financial in a research report on Monday, July 6th. Jefferies Financial Group reissued a “hold” rating and set a $32.00 price target on shares of Regions Financial in a report on Friday, July 17th. Finally, Robert W. Baird upgraded Regions Financial from an “underperform” rating to a “neutral” rating and set a $28.00 price objective for the company in a research report on Friday, September 18th. Six investment analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and three have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $31.97.

Regions Financial Stock Up 0.4%

Shares of NYSE:RF traded up $0.10 during trading on Friday, reaching $27.07. 3,756,402 shares of the stock traded hands, compared to its average volume of 11,542,692. The stock has a market cap of $23.06 billion, a P/E ratio of 11.05, a price-to-earnings-growth ratio of 1.12 and a beta of 1.05. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.81 and a current ratio of 0.81. The stock has a 50-day moving average of $30.04 and a two-hundred day moving average of $28.87. Regions Financial has a 52-week low of $22.70 and a 52-week high of $32.47.

Regions Financial (NYSE:RF) last released its quarterly earnings data on Friday, July 17th. The bank reported $0.68 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.63 by $0.05. The business had revenue of $1.95 billion for the quarter, compared to analysts’ expectations of $1.94 billion. Regions Financial had a return on equity of 12.88% and a net margin of 23.33%.The firm’s quarterly revenue was up .1% on a year-over-year basis. During the same period in the prior year, the firm posted $0.60 EPS. As a group, sell-side analysts expect that Regions Financial will post 2.63 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Regions Financial

A number of institutional investors and hedge funds have recently added to or reduced their stakes in RF. WPG Advisers LLC boosted its position in shares of Regions Financial by 83.5% in the second quarter. WPG Advisers LLC now owns 813 shares of the bank’s stock worth $25,000 after purchasing an additional 370 shares during the period. Keating Financial Advisory Services Inc. purchased a new position in shares of Regions Financial during the 2nd quarter valued at $25,000. Trust Co. of Vermont purchased a new position in shares of Regions Financial during the 2nd quarter valued at $26,000. Gables Capital Management Inc. bought a new position in Regions Financial in the 2nd quarter worth $30,000. Finally, SouthState Bank Corp increased its stake in Regions Financial by 94.1% in 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 in the last quarter. Institutional investors own 79.39% of the company’s stock.

Regions Financial Company Profile

Regions Financial Corporation (NYSE: RF) is a financial services company headquartered in Birmingham, Alabama. Through its principal subsidiary, Regions Bank, the company provides banking and related financial services to consumers, businesses, and institutions.

Regions offers a range of products and services, including checking and savings accounts, consumer and commercial loans, mortgages, credit cards, treasury and cash-management services, investment and wealth-management solutions, and capital-markets services.