Regions Financial Co. (NYSE:RF) Receives $21.51 Average PT from Brokerages

Regions Financial Co. (NYSE:RF) has earned a consensus recommendation of “Hold” from the eighteen research firms that are currently covering the firm, Marketbeat Ratings reports. One research analyst has rated the stock with a sell rating, twelve have given a hold rating and five have given a buy rating to the company. The average 12-month target price among brokers that have issued ratings on the stock in the last year is $21.51.

A number of analysts have issued reports on the company. Bank of America raised their price target on Regions Financial from $22.00 to $25.00 and gave the stock a “neutral” rating in a research note on Monday, July 22nd. Keefe, Bruyette & Woods lowered their target price on shares of Regions Financial from $22.00 to $21.00 and set a “market perform” rating for the company in a report on Tuesday, July 9th. Wells Fargo & Company upped their price target on shares of Regions Financial from $18.00 to $22.00 and gave the stock an “equal weight” rating in a research report on Monday, July 22nd. Morgan Stanley lifted their price target on shares of Regions Financial from $25.00 to $28.00 and gave the company an “overweight” rating in a report on Tuesday, July 30th. Finally, Truist Financial increased their target price on Regions Financial from $21.00 to $23.00 and gave the stock a “hold” rating in a research report on Monday, July 22nd.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. EntryPoint Capital LLC purchased a new stake in Regions Financial during the 1st quarter worth $26,000. Laurel Wealth Advisors LLC increased its position in shares of Regions Financial by 86.5% during the fourth quarter. Laurel Wealth Advisors LLC now owns 1,399 shares of the bank’s stock worth $27,000 after acquiring an additional 649 shares during the last quarter. MV Capital Management Inc. lifted its stake in shares of Regions Financial by 75.6% in the first quarter. MV Capital Management Inc. now owns 1,435 shares of the bank’s stock worth $30,000 after acquiring an additional 618 shares in the last quarter. ICA Group Wealth Management LLC purchased a new position in Regions Financial in the fourth quarter valued at about $28,000. Finally, Whittier Trust Co. of Nevada Inc. grew its stake in Regions Financial by 530.0% during the 2nd quarter. Whittier Trust Co. of Nevada Inc. now owns 1,493 shares of the bank’s stock valued at $30,000 after purchasing an additional 1,256 shares in the last quarter. 79.39% of the stock is owned by institutional investors and hedge funds.

Regions Financial Stock Performance

NYSE:RF opened at $20.73 on Tuesday. The company has a debt-to-equity ratio of 0.33, a current ratio of 0.83 and a quick ratio of 0.83. The firm has a market cap of $18.99 billion, a PE ratio of 11.27, a P/E/G ratio of 2.77 and a beta of 1.18. The firm has a 50 day simple moving average of $20.24 and a 200-day simple moving average of $19.62. Regions Financial has a 1-year low of $13.72 and a 1-year high of $22.88.

Regions Financial (NYSE:RF) last issued its quarterly earnings results on Friday, July 19th. The bank reported $0.52 earnings per share for the quarter, beating the consensus estimate of $0.49 by $0.03. Regions Financial had a return on equity of 12.64% and a net margin of 18.91%. The company had revenue of $1.73 billion during the quarter, compared to the consensus estimate of $1.76 billion. During the same period in the previous year, the firm posted $0.59 EPS. Regions Financial’s revenue was down 11.5% on a year-over-year basis. On average, equities analysts expect that Regions Financial will post 2 EPS for the current year.

Regions Financial Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, October 1st. Shareholders of record on Tuesday, September 3rd will be issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 4.82%. The ex-dividend date is Tuesday, September 3rd. This is a boost from Regions Financial’s previous quarterly dividend of $0.24. Regions Financial’s dividend payout ratio is currently 54.35%.

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.