Regions Financial Co. (NYSE:RF – Get Free Report) has been assigned a consensus rating of “Hold” from the eighteen ratings firms that are presently covering the company, MarketBeat reports. One research analyst has rated the stock with a sell recommendation, eight have given a hold recommendation and nine have given a buy recommendation to the company. The average 12-month price target among brokerages that have issued ratings on the stock in the last year is $24.78.
RF has been the topic of several research analyst reports. DA Davidson increased their price objective on shares of Regions Financial from $27.00 to $29.00 and gave the company a “buy” rating in a research report on Monday, October 21st. Argus raised shares of Regions Financial from a “hold” rating to a “buy” rating and set a $26.00 price objective on the stock in a research report on Thursday. The Goldman Sachs Group increased their price objective on shares of Regions Financial from $25.00 to $28.00 and gave the company a “buy” rating in a research report on Monday, October 7th. Wells Fargo & Company increased their price objective on shares of Regions Financial from $22.00 to $24.00 and gave the company an “equal weight” rating in a research report on Monday, October 21st. Finally, Wedbush increased their price objective on shares of Regions Financial from $28.00 to $30.00 and gave the company an “outperform” rating in a research report on Monday, October 21st.
View Our Latest Analysis on Regions Financial
Institutional Investors Weigh In On Regions Financial
Regions Financial Stock Performance
NYSE RF opened at $23.50 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’s fifty day moving average price is $22.91 and its two-hundred day moving average price is $21.00. Regions Financial has a 1 year low of $13.95 and a 1 year high of $24.47. The firm has a market capitalization of $21.51 billion, a P/E ratio of 13.28, a price-to-earnings-growth ratio of 2.54 and a beta of 1.17.
Regions Financial (NYSE:RF – Get Free Report) last posted its quarterly earnings results 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). 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 for the quarter, compared to the consensus estimate of $1.80 billion. During the same period last year, the company posted $0.49 earnings per share. The business’s revenue was down 3.7% compared to the same quarter last year. As a group, research analysts anticipate that Regions Financial will post 2.05 EPS for the current year.
Regions Financial Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, January 2nd. Shareholders of record on Monday, December 2nd will be paid a dividend of $0.25 per share. The ex-dividend date of this dividend is Monday, December 2nd. This represents a $1.00 dividend on an annualized basis and a yield of 4.26%. Regions Financial’s payout ratio is 56.50%.
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.
Featured Articles
- Five stocks we like better than Regions Financial
- Investing in Travel Stocks Benefits
- Lam Research Proves Analysts Wrong with a Strong Earnings Report
- Compound Interest and Why It Matters When Investing
- PureCycle: Up 250% in 2024 – Is This Materials Stock Still a Buy?
- What is a Bond Market Holiday? How to Invest and Trade
- MarketBeat Week in Review – 10/21- 10/25
Receive News & Ratings for Regions Financial Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Regions Financial and related companies with MarketBeat.com's FREE daily email newsletter.