Regions Financial Co. (NYSE:RF) Receives $21.51 Average PT from Analysts

Regions Financial Co. (NYSE:RF) has been assigned an average recommendation of “Hold” from the eighteen analysts that are presently covering the stock, MarketBeat reports. One equities research analyst has rated the stock with a sell recommendation, twelve have assigned a hold recommendation and five have given a buy recommendation to the company. The average 1-year price target among brokers that have issued ratings on the stock in the last year is $21.51.

A number of equities research analysts recently weighed in on the stock. Royal Bank of Canada boosted their price target on shares of Regions Financial from $21.00 to $23.00 and gave the stock an “outperform” rating in a research note on Monday, July 22nd. Keefe, Bruyette & Woods reduced their price target on Regions Financial from $22.00 to $21.00 and set a “market perform” rating on the stock in a research report on Tuesday, July 9th. Morgan Stanley upped their price objective on Regions Financial from $25.00 to $28.00 and gave the company an “overweight” rating in a report on Tuesday, July 30th. Wells Fargo & Company raised their target price on Regions Financial from $18.00 to $22.00 and gave the stock an “equal weight” rating in a report on Monday, July 22nd. Finally, Truist Financial upped their price target on Regions Financial from $21.00 to $23.00 and gave the company a “hold” rating in a research note on Monday, July 22nd.

Regions Financial Stock Down 1.9 %

NYSE:RF opened at $22.17 on Friday. The stock’s fifty day moving average price is $21.55 and its two-hundred day moving average price is $20.11. The company has a market cap of $20.30 billion, a price-to-earnings ratio of 12.05, a P/E/G ratio of 3.01 and a beta of 1.18. Regions Financial has a 52-week low of $13.72 and a 52-week high of $23.47. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.83 and a current ratio of 0.83.

Regions Financial (NYSE:RF) last posted its quarterly earnings results on Friday, July 19th. The bank reported $0.52 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.49 by $0.03. The business had revenue of $1.73 billion for the quarter, compared to analysts’ expectations of $1.76 billion. Regions Financial had a return on equity of 12.64% and a net margin of 18.91%. The firm’s quarterly revenue was down 11.5% compared to the same quarter last year. During the same quarter last year, the business earned $0.59 earnings per share. On average, analysts anticipate that Regions Financial will post 2 EPS for the current year.

Regions Financial Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, October 1st. Investors of record on Tuesday, September 3rd will be issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 4.51%. The ex-dividend date is Tuesday, September 3rd. This is a positive change from Regions Financial’s previous quarterly dividend of $0.24. Regions Financial’s dividend payout ratio is presently 54.35%.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in RF. Vanguard Group Inc. grew its holdings in Regions Financial by 2.7% during the fourth quarter. Vanguard Group Inc. now owns 117,704,755 shares of the bank’s stock worth $2,281,118,000 after purchasing an additional 3,119,237 shares during the period. Bessemer Group Inc. increased its holdings in shares of Regions Financial by 281.7% during the 1st quarter. Bessemer Group Inc. now owns 79,593 shares of the bank’s stock worth $1,675,000 after acquiring an additional 58,739 shares during the last quarter. Mizuho Markets Americas LLC lifted its stake in shares of Regions Financial by 35.6% during the 4th quarter. Mizuho Markets Americas LLC now owns 153,136 shares of the bank’s stock worth $2,968,000 after buying an additional 40,200 shares during the last quarter. Public Employees Retirement Association of Colorado increased its stake in shares of Regions Financial by 1,676.8% during the fourth quarter. Public Employees Retirement Association of Colorado now owns 93,711 shares of the bank’s stock worth $1,816,000 after purchasing an additional 88,437 shares during the period. Finally, UniSuper Management Pty Ltd lifted its holdings in Regions Financial by 1,075.7% during the 1st quarter. UniSuper Management Pty Ltd now owns 44,781 shares of the bank’s stock worth $942,000 after purchasing an additional 40,972 shares during the last quarter. Institutional investors and hedge funds 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.