Regions Financial (NYSE:RF) Stock Rating Upgraded by Truist Financial

Regions Financial (NYSE:RF) was upgraded by stock analysts at Truist Financial to a “hold” rating in a note issued to investors on Monday,Zacks.com reports.

Other analysts have also issued research reports about the stock. Evercore ISI lifted their target price on shares of Regions Financial from $24.50 to $26.00 and gave the stock an “in-line” rating in a report on Wednesday, October 2nd. Citigroup upped their price objective on Regions Financial from $26.00 to $30.00 and gave the company a “buy” rating in a report on Thursday, November 21st. Deutsche Bank Aktiengesellschaft upgraded Regions Financial from a “hold” rating to a “buy” rating and boosted their target price for the stock from $24.00 to $26.00 in a research report on Thursday, October 24th. StockNews.com upgraded shares of Regions Financial from a “sell” rating to a “hold” rating in a report on Friday, October 25th. Finally, Piper Sandler boosted their price target on shares of Regions Financial from $25.00 to $29.00 and gave the company a “neutral” rating in a report on Tuesday, December 3rd. One analyst has rated the stock with a sell rating, seven have given a hold rating and eleven have issued a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $27.67.

Regions Financial Stock Up 0.3 %

Shares of RF opened at $23.85 on Monday. The business’s fifty day moving average price is $25.19 and its two-hundred day moving average price is $23.16. The firm has a market capitalization of $21.68 billion, a price-to-earnings ratio of 13.47, a PEG ratio of 2.61 and a beta of 1.19. Regions Financial has a 52 week low of $17.42 and a 52 week high of $27.96. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.83 and a current ratio of 0.84.

Regions Financial (NYSE:RF) last announced its quarterly earnings data on Friday, October 18th. The bank reported $0.49 EPS for the quarter, missing analysts’ consensus estimates of $0.53 by ($0.04). Regions Financial had a return on equity of 12.60% and a net margin of 18.78%. The firm had revenue of $1.79 billion during the quarter, compared to analyst estimates of $1.80 billion. During the same quarter in the previous year, the business earned $0.49 earnings per share. Regions Financial’s revenue for the quarter was down 3.7% compared to the same quarter last year. On average, analysts predict that Regions Financial will post 2.12 earnings per share for the current year.

Institutional Trading of Regions Financial

Several institutional investors and hedge funds have recently bought and sold shares of RF. Candriam S.C.A. grew its position in shares of Regions Financial by 1.5% in the 2nd quarter. Candriam S.C.A. now owns 114,448 shares of the bank’s stock valued at $2,293,000 after acquiring an additional 1,744 shares during the period. Savant Capital LLC grew its holdings in Regions Financial by 152.6% during the second quarter. Savant Capital LLC now owns 64,510 shares of the bank’s stock worth $1,293,000 after purchasing an additional 38,969 shares during the period. Acadian Asset Management LLC acquired a new position in Regions Financial during the second quarter worth approximately $320,000. Caprock Group LLC raised its stake in Regions Financial by 37.9% in the second quarter. Caprock Group LLC now owns 18,266 shares of the bank’s stock valued at $371,000 after buying an additional 5,020 shares during the period. Finally, Ballentine Partners LLC lifted its position in shares of Regions Financial by 20.7% in the second quarter. Ballentine Partners LLC now owns 15,337 shares of the bank’s stock valued at $307,000 after buying an additional 2,631 shares during the last quarter. Institutional investors 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.