Regions Financial (NYSE:RF) Price Target Cut to $30.00 by Analysts at UBS Group

Regions Financial (NYSE:RF) had its target price reduced by stock analysts at UBS Group from $33.00 to $30.00 in a research report issued on Monday, Benzinga reports. The firm currently has a “neutral” rating on the bank’s stock. UBS Group’s target price suggests a potential upside of 10.75% from the stock’s previous close.

Other equities research analysts have also recently issued reports about the company. Jefferies Financial Group reaffirmed a “hold” rating and issued a $32.00 price target on shares of Regions Financial in a research note on Friday, July 17th. Wall Street Zen upgraded shares of Regions Financial from a “sell” rating to a “hold” rating in a report on Saturday, September 19th. Robert W. Baird raised shares of Regions Financial from an “underperform” rating to a “neutral” rating and set a $28.00 target price on the stock in a research report on Friday, September 18th. JPMorgan Chase & Co. lowered their price target on shares of Regions Financial from $32.00 to $30.50 and set a “neutral” rating for the company in a research report on Friday. Finally, Weiss Ratings reaffirmed a “buy (b)” rating on shares of Regions Financial in a research note on Friday, July 17th. Six research analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and three have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $31.79.

Regions Financial Trading Down 0.0%

Shares of NYSE RF traded down $0.01 during trading hours on Monday, hitting $27.09. The company’s stock had a trading volume of 10,662,803 shares, compared to its average volume of 11,578,390. The stock has a market cap of $23.08 billion, a price-to-earnings ratio of 11.06, a P/E/G ratio of 1.13 and a beta of 1.05. Regions Financial has a 12 month low of $22.70 and a 12 month high of $32.47. The business has a 50-day simple moving average of $29.96 and a 200-day simple moving average of $28.88. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.81 and a current ratio of 0.81.

Regions Financial (NYSE:RF) last posted its quarterly earnings data on Friday, July 17th. The bank reported $0.68 earnings per share for the quarter, beating the consensus estimate 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 for the quarter, compared to analysts’ expectations of $1.94 billion. During the same period in the previous year, the firm posted $0.60 EPS. The business’s revenue was up .1% on a year-over-year basis. On average, analysts anticipate that Regions Financial will post 2.63 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Regions Financial

Several large investors have recently bought and sold shares of RF. State Street Corp increased its position in Regions Financial by 6.2% during the second quarter. State Street Corp now owns 50,667,092 shares of the bank’s stock worth $1,543,092,000 after buying an additional 2,953,594 shares during the period. Victory Capital Management Inc. raised its holdings in shares of Regions Financial by 68.9% in the fourth 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 last quarter. First Trust Advisors LP boosted its stake in shares of Regions Financial by 75.7% during the first quarter. First Trust Advisors LP now owns 13,358,969 shares of the bank’s stock worth $348,936,000 after buying an additional 5,754,487 shares during the period. Dimensional Fund Advisors LP boosted its stake in shares of Regions Financial by 1.4% during the first quarter. Dimensional Fund Advisors LP now owns 9,827,358 shares of the bank’s stock worth $256,633,000 after buying an additional 140,398 shares during the period. Finally, Nykredit A S purchased a new position in shares of Regions Financial during the second quarter worth about $236,756,000. Institutional investors and hedge funds own 79.39% of the company’s stock.

About Regions Financial

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.