Regions Financial (NYSE:RF) Price Target Raised to $30.00

Regions Financial (NYSE:RF) had its price target hoisted by Wells Fargo & Company from $28.00 to $30.00 in a research report issued to clients and investors on Monday, Marketbeat.com reports. The firm presently has an “underweight” rating on the bank’s stock. Wells Fargo & Company‘s price objective points to a potential downside of 0.94% from the stock’s current price.

Several other equities research analysts have also issued reports on the stock. Royal Bank Of Canada lifted their price target on shares of Regions Financial from $29.00 to $31.00 and gave the company an “outperform” rating in a research note on Monday, April 20th. Truist Financial restated a “hold” rating and issued a $30.00 price objective on shares of Regions Financial in a report on Tuesday, April 21st. Brean Capital began coverage on Regions Financial in a research report on Thursday, March 12th. They issued a “neutral” rating on the stock. Morgan Stanley upped their target price on Regions Financial from $34.00 to $35.00 and gave the stock an “equal weight” rating in a report on Monday, June 29th. Finally, DA Davidson increased their price target on Regions Financial from $31.00 to $32.00 and gave the company a “buy” rating in a research report on Monday, April 20th. Seven analysts have rated the stock with a Buy rating, eight have issued a Hold rating and four have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, Regions Financial currently has an average rating of “Hold” and a consensus price target of $30.62.

Regions Financial Trading Up 0.0%

NYSE:RF opened at $30.29 on Monday. Regions Financial has a twelve month low of $22.70 and a twelve month high of $31.53. The company has a quick ratio of 0.80, a current ratio of 0.80 and a debt-to-equity ratio of 0.18. The business has a 50 day moving average price of $28.38 and a two-hundred day moving average price of $28.01. The company has a market cap of $25.84 billion, a P/E ratio of 12.62, a price-to-earnings-growth ratio of 1.15 and a beta of 1.00.

Regions Financial (NYSE:RF) last posted its quarterly earnings data on Friday, April 17th. The bank reported $0.62 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.61 by $0.01. The company had revenue of $1.87 billion for the quarter, compared to the consensus estimate of $1.92 billion. Regions Financial had a net margin of 23.13% and a return on equity of 12.70%. The firm’s revenue was up 5.0% compared to the same quarter last year. During the same period last year, the company earned $0.54 earnings per share. As a group, analysts expect that Regions Financial will post 2.61 EPS for the current fiscal year.

Insider Buying and Selling at Regions Financial

In other news, EVP Brian R. Willman sold 7,014 shares of the company’s stock in a transaction dated Thursday, May 7th. The shares were sold at an average price of $27.91, for a total value of $195,760.74. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 0.34% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Regions Financial

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Darwin Wealth Management LLC acquired a new stake in shares of Regions Financial in the second quarter valued at approximately $25,000. SouthState Bank Corp increased its holdings in shares of Regions Financial by 94.1% during the 4th quarter. SouthState Bank Corp now owns 1,110 shares of the bank’s stock worth $30,000 after acquiring an additional 538 shares during the last quarter. Spire Wealth Management raised its stake in Regions Financial by 91.5% in the 4th quarter. Spire Wealth Management now owns 1,166 shares of the bank’s stock valued at $32,000 after acquiring an additional 557 shares during the period. Princeton Global Asset Management LLC raised its stake in Regions Financial by 260.4% in the 4th quarter. Princeton Global Asset Management LLC now owns 1,182 shares of the bank’s stock valued at $32,000 after acquiring an additional 854 shares during the period. Finally, Leonteq Securities AG acquired a new stake in Regions Financial during the 4th quarter valued at $33,000. Institutional investors own 79.39% of the company’s stock.

Regions Financial Company Profile

Regions Financial Corporation (NYSE: RF) is a U.S. bank holding company headquartered in Birmingham, Alabama, that provides a broad range of banking and financial services. Its primary banking subsidiary, Regions Bank, serves retail and commercial customers through a combination of branch and ATM networks, digital channels and relationship-based delivery. The company offers deposit accounts, consumer and commercial loans, mortgage origination and servicing, and payment and treasury services.

In addition to core banking, Regions offers wealth management, trust and brokerage services, insurance solutions, and capital markets capabilities to corporate and institutional clients.