Compass Point Increases Regions Financial (NYSE:RF) Price Target to $31.00

Regions Financial (NYSE:RF) had its price target lifted by equities research analysts at Compass Point from $25.00 to $31.00 in a report released on Tuesday,Benzinga reports. The firm currently has a “buy” rating on the bank’s stock. Compass Point’s target price would suggest a potential upside of 20.90% from the stock’s current price.

RF has been the subject of a number of other research reports. StockNews.com upgraded shares of Regions Financial from a “sell” rating to a “hold” rating in a research report on Friday, October 25th. Barclays raised their price objective on shares of Regions Financial from $22.00 to $25.00 and gave the company an “underweight” rating in a research report on Monday, October 21st. Deutsche Bank Aktiengesellschaft upgraded shares of Regions Financial from a “hold” rating to a “buy” rating and raised their price objective for the company from $24.00 to $26.00 in a research report on Thursday, October 24th. Wedbush raised their price objective on shares of Regions Financial from $28.00 to $30.00 and gave the company an “outperform” rating in a research report on Monday, October 21st. Finally, Keefe, Bruyette & Woods upgraded shares of Regions Financial from a “market perform” rating to an “outperform” rating and raised their price objective for the company from $27.00 to $28.00 in a research report on Thursday, October 31st. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and eleven have given a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $27.61.

Regions Financial Stock Performance

Shares of RF stock traded down $0.09 during mid-day trading on Tuesday, hitting $25.64. 1,595,260 shares of the stock were exchanged, compared to its average volume of 7,835,372. Regions Financial has a 12-month low of $17.18 and a 12-month high of $27.96. The stock has a market capitalization of $23.30 billion, a price-to-earnings ratio of 14.39, a P/E/G ratio of 2.72 and a beta of 1.19. The stock’s fifty day simple moving average is $24.90 and its two-hundred day simple moving average is $22.38. 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 announced its earnings results on Friday, October 18th. The bank reported $0.49 earnings per share for the quarter, missing the consensus estimate of $0.53 by ($0.04). Regions Financial had a return on equity of 12.60% and a net margin of 18.78%. The business had revenue of $1.79 billion for the quarter, compared to analyst estimates of $1.80 billion. During the same quarter last year, the company posted $0.49 EPS. Regions Financial’s quarterly revenue was down 3.7% on a year-over-year basis. On average, analysts forecast that Regions Financial will post 2.12 EPS for the current year.

Institutional Trading of Regions Financial

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Quarry LP grew its stake in Regions Financial by 29.5% in the 3rd quarter. Quarry LP now owns 1,729 shares of the bank’s stock worth $40,000 after acquiring an additional 394 shares during the period. Private Advisor Group LLC grew its stake in shares of Regions Financial by 1.8% during the 3rd quarter. Private Advisor Group LLC now owns 24,928 shares of the bank’s stock valued at $581,000 after buying an additional 429 shares during the period. CWM LLC grew its stake in shares of Regions Financial by 1.1% during the 3rd quarter. CWM LLC now owns 42,346 shares of the bank’s stock valued at $988,000 after buying an additional 480 shares during the period. Resonant Capital Advisors LLC grew its stake in shares of Regions Financial by 2.4% during the 3rd quarter. Resonant Capital Advisors LLC now owns 21,845 shares of the bank’s stock valued at $515,000 after buying an additional 506 shares during the period. Finally, Centaurus Financial Inc. grew its stake in shares of Regions Financial by 5.9% during the 3rd quarter. Centaurus Financial Inc. now owns 9,768 shares of the bank’s stock valued at $228,000 after buying an additional 540 shares during the period. 79.39% of the stock is owned by hedge funds and other institutional investors.

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.