Regions Financial Co. (NYSE:RF) Receives Average Recommendation of “Moderate Buy” from Analysts

Regions Financial Co. (NYSE:RF) has been assigned a consensus rating of “Moderate Buy” from the eighteen research firms that are currently covering the stock, Marketbeat.com 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 target price among analysts that have issued a report on the stock in the last year is $27.67.

A number of analysts have recently issued reports on RF shares. Piper Sandler raised their price objective on Regions Financial from $25.00 to $29.00 and gave the company 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 price objective for the company in a research report on Thursday, October 24th. The Goldman Sachs Group increased their price objective on shares of Regions Financial from $29.00 to $33.00 and gave the company a “buy” rating in a research report on Tuesday, November 26th. Stephens raised shares of Regions Financial from an “equal weight” rating to an “overweight” rating and set a $26.00 target price for the company in a report on Tuesday, October 29th. Finally, Wells Fargo & Company upped their price target on shares of Regions Financial from $24.00 to $28.00 and gave the company an “equal weight” rating in a research note on Friday, November 15th.

Institutional Investors Weigh In On Regions Financial

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

Regions Financial Price Performance

Shares of RF opened at $23.81 on Friday. The company has a market cap of $21.64 billion, a price-to-earnings ratio of 13.45, a PEG ratio of 2.61 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. The company’s fifty day simple moving average is $25.18 and its 200 day simple moving average is $23.17. Regions Financial has a 1-year low of $17.42 and a 1-year high of $27.96.

Regions Financial (NYSE:RF) last issued its earnings results on Friday, October 18th. The bank reported $0.49 earnings per share (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 firm had revenue of $1.79 billion during the quarter, compared to the consensus estimate of $1.80 billion. During the same period in the previous year, the company posted $0.49 earnings per share. The firm’s revenue for the quarter was down 3.7% compared to the same quarter last year. On average, research analysts forecast that Regions Financial will post 2.12 earnings per share for the current fiscal year.

Regions Financial Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, January 2nd. Investors of record on Monday, December 2nd were given a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 4.20%. The ex-dividend date was Monday, December 2nd. Regions Financial’s payout ratio is currently 56.50%.

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.