Brokerages Set Regions Financial Co. (NYSE:RF) Price Target at $27.67

Shares of Regions Financial Co. (NYSE:RF) have been assigned an average rating of “Moderate Buy” from the eighteen research firms that are covering the firm, MarketBeat reports. One investment analyst has rated the stock with a sell rating, six have given a hold rating and eleven have assigned a buy rating to the company. The average 1-year price target among brokerages that have covered the stock in the last year is $27.67.

A number of research firms have recently commented on RF. Piper Sandler boosted their target price on shares of Regions Financial from $25.00 to $29.00 and gave the stock a “neutral” rating in a research report on Tuesday, December 3rd. Argus raised shares of Regions Financial from a “hold” rating to a “buy” rating and set a $26.00 target price on the stock in a research report on Thursday, October 24th. Truist Financial boosted their target price on shares of Regions Financial from $25.00 to $26.00 and gave the stock a “hold” rating in a research report on Tuesday, January 21st. Morgan Stanley reissued an “equal weight” rating and set a $32.00 target price (up from $28.00) on shares of Regions Financial in a research report on Monday, December 9th. Finally, The Goldman Sachs Group lifted their price target on shares of Regions Financial from $29.00 to $33.00 and gave the stock a “buy” rating in a research note on Tuesday, November 26th.

Regions Financial Trading Down 2.3 %

Shares of RF stock opened at $24.07 on Tuesday. The stock has a market cap of $21.87 billion, a price-to-earnings ratio of 12.40, a price-to-earnings-growth ratio of 1.97 and a beta of 1.20. The company has a quick ratio of 0.83, a current ratio of 0.84 and a debt-to-equity ratio of 0.37. Regions Financial has a fifty-two week low of $17.42 and a fifty-two week high of $27.96. The firm’s 50 day moving average price is $24.74 and its two-hundred day moving average price is $23.69.

Regions Financial (NYSE:RF) last announced its quarterly earnings results on Friday, January 17th. The bank reported $0.56 earnings per share for the quarter, beating analysts’ consensus estimates of $0.55 by $0.01. Regions Financial had a net margin of 20.20% and a return on equity of 12.83%. The firm had revenue of $1.82 billion for the quarter, compared to analysts’ expectations of $1.86 billion. During the same period in the previous year, the company posted $0.39 earnings per share. Regions Financial’s revenue was up .2% compared to the same quarter last year. On average, analysts anticipate that Regions Financial will post 2.27 EPS for the current year.

Institutional Trading of Regions Financial

Several institutional investors have recently added to or reduced their stakes in the business. Marshall Wace LLP bought a new position in shares of Regions Financial during the second quarter worth about $581,000. AXA S.A. grew its position in shares of Regions Financial by 122.3% during the second quarter. AXA S.A. now owns 187,749 shares of the bank’s stock worth $3,762,000 after acquiring an additional 103,295 shares during the last quarter. AQR Capital Management LLC grew its position in shares of Regions Financial by 27.8% during the second quarter. AQR Capital Management LLC now owns 200,379 shares of the bank’s stock worth $3,933,000 after acquiring an additional 43,557 shares during the last quarter. MBB Public Markets I LLC bought a new position in shares of Regions Financial during the second quarter worth about $1,343,000. Finally, Scientech Research LLC bought a new position in shares of Regions Financial during the second quarter worth about $217,000. Institutional investors own 79.39% of the company’s stock.

About Regions Financial

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.