Regions Financial (NYSE:RF) PT Raised to $25.00

Regions Financial (NYSE:RF) had its price objective raised by analysts at Barclays from $22.00 to $25.00 in a report released on Monday, Benzinga reports. The firm currently has an “underweight” rating on the bank’s stock. Barclays‘s target price would suggest a potential upside of 5.89% from the stock’s previous close.

Several other brokerages have also recently commented on RF. Jefferies Financial Group boosted their price target on shares of Regions Financial from $22.00 to $24.00 and gave the stock a “buy” rating in a research note on Wednesday, July 3rd. StockNews.com downgraded Regions Financial from a “hold” rating to a “sell” rating in a research report on Thursday. Keefe, Bruyette & Woods cut their price target on Regions Financial from $22.00 to $21.00 and set a “market perform” rating for the company in a report on Tuesday, July 9th. Bank of America lifted their price objective on Regions Financial from $22.00 to $25.00 and gave the stock a “neutral” rating in a research note on Monday, July 22nd. Finally, Royal Bank of Canada increased their target price on Regions Financial from $21.00 to $23.00 and gave the company an “outperform” rating in a research report on Monday, July 22nd. Two investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $23.04.

Regions Financial Stock Down 0.9 %

Shares of RF opened at $23.61 on Monday. The business’s 50 day moving average is $22.65 and its 200 day moving average is $20.89. The company has a current ratio of 0.83, a quick ratio of 0.83 and a debt-to-equity ratio of 0.33. Regions Financial has a 12-month low of $13.72 and a 12-month high of $24.47. The company has a market capitalization of $21.62 billion, a PE ratio of 12.83, a price-to-earnings-growth ratio of 2.80 and a beta of 1.17.

Regions Financial (NYSE:RF) last released its quarterly earnings data on Friday, October 18th. The bank reported $0.57 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.53 by $0.04. Regions Financial had a net margin of 18.91% and a return on equity of 12.64%. The firm had revenue of $1.79 billion for the quarter, compared to analysts’ expectations of $1.80 billion. During the same quarter last year, the business posted $0.49 earnings per share. The company’s revenue for the quarter was down 3.7% compared to the same quarter last year. Research analysts expect that Regions Financial will post 2.02 earnings per share for the current fiscal year.

Institutional Trading of Regions Financial

A number of large investors have recently modified their holdings of RF. Cincinnati Insurance Co. bought a new stake in Regions Financial during the 1st quarter valued at $74,606,000. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH purchased a new position in shares of Regions Financial during the first quarter valued at $33,829,000. Allspring Global Investments Holdings LLC raised its holdings in shares of Regions Financial by 13.3% in the third quarter. Allspring Global Investments Holdings LLC now owns 8,625,734 shares of the bank’s stock valued at $201,238,000 after acquiring an additional 1,014,706 shares in the last quarter. Dimensional Fund Advisors LP lifted its stake in Regions Financial by 7.4% in the second quarter. Dimensional Fund Advisors LP now owns 14,252,693 shares of the bank’s stock worth $285,562,000 after acquiring an additional 979,597 shares during the period. Finally, Swedbank AB bought a new position in Regions Financial during the 1st quarter worth about $19,322,000. Hedge funds and other 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.