Wells Fargo & Company Forecasts Strong Price Appreciation for Regions Financial (NYSE:RF) Stock

Regions Financial (NYSE:RF) had its target price boosted by stock analysts at Wells Fargo & Company from $24.00 to $28.00 in a research note issued on Friday,Benzinga reports. The brokerage currently has an “equal weight” rating on the bank’s stock. Wells Fargo & Company‘s price target points to a potential upside of 5.74% from the company’s previous close.

Several other research firms also recently issued reports on RF. Morgan Stanley upped their target price on Regions Financial from $25.00 to $28.00 and gave the company an “overweight” rating in a research report on Tuesday, July 30th. The Goldman Sachs Group increased their price objective on Regions Financial from $25.00 to $28.00 and gave the company a “buy” rating in a report on Monday, October 7th. Stephens raised Regions Financial from an “equal weight” rating to an “overweight” rating and set a $26.00 target price for the company in a report on Tuesday, October 29th. StockNews.com upgraded shares of Regions Financial from a “sell” rating to a “hold” rating in a report on Friday, October 25th. Finally, Citigroup raised their price target on shares of Regions Financial from $25.00 to $26.00 and gave the stock a “buy” rating in a research report on Thursday, September 19th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and eleven have assigned a buy rating to the stock. According to MarketBeat.com, Regions Financial has an average rating of “Moderate Buy” and an average target price of $26.18.

Regions Financial Trading Up 0.8 %

RF opened at $26.48 on Friday. The company has a current ratio of 0.84, a quick ratio of 0.83 and a debt-to-equity ratio of 0.35. The firm has a market cap of $24.07 billion, a price-to-earnings ratio of 14.84, a PEG ratio of 2.73 and a beta of 1.16. Regions Financial has a 12 month low of $15.79 and a 12 month high of $26.73. The stock has a fifty day moving average price of $23.46 and a 200-day moving average price of $21.50.

Regions Financial (NYSE:RF) last released its quarterly earnings results on Friday, October 18th. The bank reported $0.49 earnings per share for the quarter, missing analysts’ consensus estimates of $0.53 by ($0.04). The firm had revenue of $1.79 billion during the quarter, compared to the consensus estimate of $1.80 billion. Regions Financial had a net margin of 18.78% and a return on equity of 12.60%. The firm’s quarterly revenue was down 3.7% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.49 earnings per share. As a group, equities research analysts anticipate that Regions Financial will post 2.1 earnings per share for the current fiscal year.

Institutional Trading of Regions Financial

Several large investors have recently made changes to their positions in RF. American National Bank & Trust increased its position in Regions Financial by 1,856.7% during the third quarter. American National Bank & Trust now owns 1,174 shares of the bank’s stock worth $27,000 after purchasing an additional 1,114 shares during the last quarter. EntryPoint Capital LLC acquired a new position in Regions Financial during the first quarter worth $26,000. Quarry LP boosted its position in shares of Regions Financial by 157.2% during the second quarter. Quarry LP now owns 1,335 shares of the bank’s stock worth $27,000 after buying an additional 816 shares during the period. Whittier Trust Co. of Nevada Inc. grew its stake in shares of Regions Financial by 530.0% in the second quarter. Whittier Trust Co. of Nevada Inc. now owns 1,493 shares of the bank’s stock valued at $30,000 after buying an additional 1,256 shares in the last quarter. Finally, Truvestments Capital LLC purchased a new stake in shares of Regions Financial in the 3rd quarter valued at $37,000. 79.39% of the stock is currently owned by hedge funds and other institutional investors.

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.