Regions Financial Co. (NYSE:RF) Receives $25.94 Average Price Target from Analysts

Regions Financial Co. (NYSE:RF) has been given an average recommendation of “Moderate Buy” by the seventeen research firms that are currently covering the company, Marketbeat.com reports. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and eleven have assigned a buy rating to the company. The average 1-year price objective among analysts that have updated their coverage on the stock in the last year is $26.18.

A number of equities analysts have commented on RF shares. Royal Bank of Canada lifted their target price on Regions Financial from $21.00 to $23.00 and gave the company an “outperform” rating in a research note on Monday, July 22nd. DA Davidson lifted their target price on Regions Financial from $27.00 to $29.00 and gave the company a “buy” rating in a research note on Monday, October 21st. Citigroup lifted their target price on Regions Financial from $25.00 to $26.00 and gave the company a “buy” rating in a research note on Thursday, September 19th. Wedbush lifted their target price on Regions Financial from $28.00 to $30.00 and gave the company an “outperform” rating in a research note on Monday, October 21st. Finally, Bank of America boosted their price objective on Regions Financial from $22.00 to $25.00 and gave the stock a “neutral” rating in a research report on Monday, July 22nd.

Regions Financial Stock Down 0.1 %

NYSE:RF opened at $26.33 on Thursday. The company has a market capitalization of $23.93 billion, a price-to-earnings ratio of 14.88, a price-to-earnings-growth ratio of 2.76 and a beta of 1.16. Regions Financial has a one year low of $15.79 and a one year high of $26.73. The stock has a 50-day simple moving average of $23.61 and a 200 day simple moving average of $21.61. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.83 and a current ratio of 0.84.

Regions Financial (NYSE:RF) last issued its earnings results on Friday, October 18th. The bank reported $0.49 EPS for the quarter, missing analysts’ consensus estimates of $0.53 by ($0.04). Regions Financial had a net margin of 18.78% and a return on equity of 12.60%. The company had revenue of $1.79 billion during the quarter, compared to analyst estimates of $1.80 billion. During the same quarter in the previous year, the firm earned $0.49 earnings per share. The business’s revenue was down 3.7% on a year-over-year basis. Sell-side analysts predict that Regions Financial will post 2.1 EPS for the current fiscal year.

Regions Financial Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, January 2nd. Investors of record on Monday, December 2nd will be issued a dividend of $0.25 per share. The ex-dividend date of this dividend is Monday, December 2nd. This represents a $1.00 annualized dividend and a yield of 3.80%. Regions Financial’s payout ratio is 56.50%.

Institutional Investors Weigh In On Regions Financial

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. EntryPoint Capital LLC bought a new position in shares of Regions Financial in the first quarter valued at $26,000. American National Bank & Trust increased its holdings in shares of Regions Financial by 1,856.7% in the third quarter. American National Bank & Trust now owns 1,174 shares of the bank’s stock valued at $27,000 after buying an additional 1,114 shares in the last quarter. Quarry LP increased its holdings in shares of Regions Financial by 157.2% in the second quarter. Quarry LP now owns 1,335 shares of the bank’s stock valued at $27,000 after buying an additional 816 shares in the last quarter. Whittier Trust Co. of Nevada Inc. increased its holdings in shares of Regions Financial by 530.0% in the second quarter. Whittier Trust Co. of Nevada Inc. now owns 1,493 shares of the bank’s stock valued at $30,000 after buying an additional 1,256 shares in the last quarter. Finally, Innealta Capital LLC bought a new position in shares of Regions Financial in the second quarter valued at $32,000. Institutional investors own 79.39% of the company’s stock.

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.