Wells Fargo & Company Has Lowered Expectations for Regions Financial (NYSE:RF) Stock Price

Regions Financial (NYSE:RF) had its target price decreased by Wells Fargo & Company from $28.00 to $26.00 in a research report sent to investors on Friday,Benzinga reports. Wells Fargo & Company currently has an equal weight rating on the bank’s stock.

Other equities research analysts also recently issued reports about the stock. Citigroup lowered their target price on shares of Regions Financial from $28.00 to $25.00 and set a “buy” rating for the company in a report on Monday, March 24th. Truist Financial lowered their price objective on shares of Regions Financial from $26.00 to $24.00 and set a “hold” rating for the company in a research note on Friday, March 21st. Morgan Stanley reaffirmed an “equal weight” rating and issued a $32.00 target price (up from $28.00) on shares of Regions Financial in a research report on Monday, December 9th. Barclays boosted their price target on Regions Financial from $25.00 to $26.00 and gave the company an “underweight” rating in a research report on Monday, January 6th. Finally, Compass Point raised their price objective on Regions Financial from $25.00 to $31.00 and gave the stock a “buy” rating in a report on Tuesday, December 10th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and eleven have issued a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $27.17.

Regions Financial Trading Down 2.3 %

Shares of Regions Financial stock opened at $21.42 on Friday. Regions Financial has a fifty-two week low of $17.72 and a fifty-two week high of $27.96. The business’s fifty day moving average is $23.25 and its two-hundred day moving average is $23.92. The company has a quick ratio of 0.83, a current ratio of 0.84 and a debt-to-equity ratio of 0.37. The firm has a market cap of $19.39 billion, a PE ratio of 11.04, a P/E/G ratio of 1.93 and a beta of 1.19.

Regions Financial (NYSE:RF) last released its earnings results on Friday, January 17th. The bank reported $0.56 earnings per share for the quarter, topping the consensus estimate of $0.55 by $0.01. The firm had revenue of $1.82 billion for the quarter, compared to the consensus estimate of $1.86 billion. Regions Financial had a return on equity of 12.83% and a net margin of 20.20%. The firm’s revenue for the quarter was up .2% compared to the same quarter last year. During the same period in the prior year, the business posted $0.39 earnings per share. Analysts anticipate that Regions Financial will post 2.26 earnings per share for the current year.

Regions Financial Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 1st. Stockholders of record on Monday, March 3rd will be paid a $0.25 dividend. The ex-dividend date of this dividend is Monday, March 3rd. This represents a $1.00 annualized dividend and a dividend yield of 4.67%. Regions Financial’s dividend payout ratio (DPR) is presently 51.55%.

Insider Buying and Selling

In other Regions Financial news, Director Joia M. Johnson purchased 2,300 shares of Regions Financial stock in a transaction that occurred on Tuesday, March 11th. The stock was purchased at an average price of $21.18 per share, with a total value of $48,714.00. Following the completion of the acquisition, the director now owns 17,486 shares of the company’s stock, valued at approximately $370,353.48. This trade represents a 15.15 % increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders have bought 3,993 shares of company stock valued at $89,682 in the last quarter. Company insiders own 0.29% of the company’s stock.

Hedge Funds Weigh In On Regions Financial

A number of institutional investors have recently made changes to their positions in the business. Y.D. More Investments Ltd increased its stake in shares of Regions Financial by 122.9% in the fourth quarter. Y.D. More Investments Ltd now owns 1,150 shares of the bank’s stock worth $27,000 after buying an additional 634 shares during the last quarter. Sierra Ocean LLC acquired a new position in Regions Financial during the 4th quarter worth $28,000. Picton Mahoney Asset Management increased its position in shares of Regions Financial by 2,354.9% in the 4th quarter. Picton Mahoney Asset Management now owns 1,252 shares of the bank’s stock worth $29,000 after purchasing an additional 1,201 shares during the last quarter. Millstone Evans Group LLC acquired a new stake in shares of Regions Financial in the 4th quarter valued at about $32,000. Finally, Legacy Investment Solutions LLC acquired a new stake in shares of Regions Financial in the 3rd quarter valued at about $37,000. 79.39% of the stock is owned by institutional investors and hedge funds.

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.