Compass Point Forecasts Strong Price Appreciation for Regions Financial (NYSE:RF) Stock

Regions Financial (NYSE:RF) had its price objective lifted by Compass Point from $25.00 to $31.00 in a research report released on Tuesday morning,Benzinga reports. The firm currently has a buy rating on the bank’s stock.

Several other equities analysts also recently weighed in on RF. StockNews.com upgraded Regions Financial from a “sell” rating to a “hold” rating in a research report on Friday, October 25th. Evercore ISI upped their price target on Regions Financial from $24.50 to $26.00 and gave the stock an “in-line” rating in a research note on Wednesday, October 2nd. Barclays upped their price target on Regions Financial from $22.00 to $25.00 and gave the stock an “underweight” rating in a research note on Monday, October 21st. Stephens upgraded Regions Financial from an “equal weight” rating to an “overweight” rating and set a $26.00 price target for the company in a research note on Tuesday, October 29th. Finally, Wedbush upped their price target on Regions Financial from $28.00 to $30.00 and gave the stock an “outperform” rating in a research note on Monday, October 21st. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and eleven have assigned a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $27.61.

Regions Financial Stock Performance

NYSE RF opened at $25.33 on Tuesday. The business’s 50-day moving average price is $24.96 and its 200 day moving average price is $22.43. Regions Financial has a twelve month low of $17.18 and a twelve month high of $27.96. The company has a market capitalization of $23.02 billion, a PE ratio of 14.31, a price-to-earnings-growth ratio of 2.72 and a beta of 1.19. The company has a current ratio of 0.84, a quick ratio of 0.83 and a debt-to-equity ratio of 0.35.

Regions Financial (NYSE:RF) last released 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 analysts’ expectations of $1.80 billion. During the same quarter last year, the company posted $0.49 earnings per share. The business’s quarterly revenue was down 3.7% compared to the same quarter last year. On average, research analysts predict that Regions Financial will post 2.12 earnings per share for the current year.

Regions Financial Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, January 2nd. Stockholders of record on Monday, December 2nd will be paid a $0.25 dividend. The ex-dividend date of this dividend is Monday, December 2nd. This represents a $1.00 dividend on an annualized basis and a dividend yield of 3.95%. Regions Financial’s dividend payout ratio (DPR) is currently 56.50%.

Institutional Investors Weigh In On Regions Financial

Hedge funds have recently bought and sold shares of the business. Citigroup Inc. grew its stake in Regions Financial by 20.0% during the 3rd quarter. Citigroup Inc. now owns 1,519,299 shares of the bank’s stock valued at $35,445,000 after purchasing an additional 253,708 shares in the last quarter. Commerce Bank grew its stake in Regions Financial by 392.5% during the 3rd quarter. Commerce Bank now owns 248,325 shares of the bank’s stock valued at $5,793,000 after purchasing an additional 197,900 shares in the last quarter. National Pension Service grew its stake in Regions Financial by 6.3% during the 3rd quarter. National Pension Service now owns 1,722,024 shares of the bank’s stock valued at $40,175,000 after purchasing an additional 102,380 shares in the last quarter. DRW Securities LLC acquired a new stake in Regions Financial during the 3rd quarter valued at approximately $1,659,000. Finally, B. Metzler seel. Sohn & Co. Holding AG acquired a new stake in Regions Financial during the 3rd quarter valued at approximately $3,451,000. Institutional investors and hedge funds 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.