Regions Financial (NYSE:RF) Rating Increased to Outperform at Keefe, Bruyette & Woods

Regions Financial (NYSE:RF) was upgraded by investment analysts at Keefe, Bruyette & Woods from a “market perform” rating to an “outperform” rating in a research report issued to clients and investors on Thursday, FinViz reports. The brokerage currently has a $28.00 target price on the bank’s stock, up from their prior target price of $27.00. Keefe, Bruyette & Woods’ price objective suggests a potential upside of 16.38% from the company’s current price.

RF has been the subject of several other reports. StockNews.com raised Regions Financial from a “sell” rating to a “hold” rating in a research report on Friday, October 25th. Deutsche Bank Aktiengesellschaft raised Regions Financial from a “hold” rating to a “buy” rating and upped their price objective for the stock from $24.00 to $26.00 in a research report on Thursday, October 24th. Citigroup upped their price objective on Regions Financial from $25.00 to $26.00 and gave the stock a “buy” rating in a research report on Thursday, September 19th. Evercore ISI upped their target price on Regions Financial from $24.50 to $26.00 and gave the company an “in-line” rating in a research report on Wednesday, October 2nd. Finally, The Goldman Sachs Group upped their target price on Regions Financial from $25.00 to $28.00 and gave the company a “buy” rating in a research report on Monday, October 7th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and eleven have assigned a buy rating to the stock. Based on data from MarketBeat, Regions Financial has a consensus rating of “Moderate Buy” and a consensus price target of $25.45.

Regions Financial Trading Up 0.8 %

RF opened at $24.06 on Thursday. Regions Financial has a 12 month low of $14.27 and a 12 month high of $24.47. The stock has a market capitalization of $22.03 billion, a price-to-earnings ratio of 13.08, a PEG ratio of 2.54 and a beta of 1.17. The company has a debt-to-equity ratio of 0.35, a current ratio of 0.84 and a quick ratio of 0.83. The business has a fifty day moving average price of $23.04 and a 200 day moving average price of $21.10.

Regions Financial (NYSE:RF) last released its quarterly earnings data on Friday, October 18th. The bank reported $0.49 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.53 by ($0.04). The business had revenue of $1.79 billion for the quarter, compared to analyst estimates of $1.80 billion. Regions Financial had a return on equity of 12.60% and a net margin of 18.78%. The company’s revenue was down 3.7% compared to the same quarter last year. During the same period in the prior year, the company posted $0.49 earnings per share. Sell-side analysts expect that Regions Financial will post 2.05 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Regions Financial

A number of large investors have recently modified their holdings of RF. Cincinnati Insurance Co. purchased a new position in shares of Regions Financial during the 1st quarter worth approximately $74,606,000. Allspring Global Investments Holdings LLC raised its stake in shares of Regions Financial by 13.3% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 8,625,734 shares of the bank’s stock worth $201,238,000 after buying an additional 1,014,706 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in shares of Regions Financial by 7.4% during the 2nd quarter. Dimensional Fund Advisors LP now owns 14,252,693 shares of the bank’s stock worth $285,562,000 after buying an additional 979,597 shares in the last quarter. Swedbank AB purchased a new position in shares of Regions Financial during the 1st quarter worth approximately $19,322,000. Finally, Main Street Research LLC raised its stake in shares of Regions Financial by 117.0% during the 1st quarter. Main Street Research LLC now owns 1,283,914 shares of the bank’s stock worth $27,314,000 after buying an additional 692,144 shares in the last quarter. 79.39% of the stock is owned by hedge funds and other institutional investors.

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.