Regions Financial (NYSE:RF) Given New $26.00 Price Target at Barclays

Regions Financial (NYSE:RF - Get Free Report) had its price target raised by equities researchers at Barclays from $25.00 to $26.00 in a research note issued to investors on Monday,Benzinga reports. The brokerage presently has an "underweight" rating on the bank's stock. Barclays's target price would indicate a potential upside of 9.24% from the stock's previous close.

Several other equities analysts have also commented on RF. Deutsche Bank Aktiengesellschaft raised shares of Regions Financial from a "hold" rating to a "buy" rating and increased their price objective for the company from $24.00 to $26.00 in a research report on Thursday, October 24th. Evercore ISI lifted their price objective on shares of Regions Financial from $24.50 to $26.00 and gave the stock an "in-line" rating in a research note on Wednesday, October 2nd. StockNews.com raised Regions Financial from a "sell" rating to a "hold" rating in a research report on Friday, October 25th. Wedbush lifted their price target on Regions Financial from $28.00 to $30.00 and gave the stock an "outperform" rating in a research report on Monday, October 21st. Finally, Argus raised Regions Financial from a "hold" rating to a "buy" rating and set a $26.00 price objective on the stock in a report on Thursday, October 24th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and eleven have issued a buy rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $27.67.

Regions Financial Stock Up 0.8 %

RF traded up $0.18 during trading on Monday, hitting $23.80. The stock had a trading volume of 10,026,480 shares, compared to its average volume of 8,792,627. The stock has a 50 day simple moving average of $25.20 and a two-hundred day simple moving average of $23.09. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.83 and a current ratio of 0.84. Regions Financial has a twelve month low of $17.42 and a twelve month high of $27.96. The company has a market capitalization of $21.63 billion, a PE ratio of 13.45, a PEG ratio of 2.64 and a beta of 1.21.

Regions Financial (NYSE:RF - Get Free Report) last posted its quarterly earnings data 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). Regions Financial had a return on equity of 12.60% and a net margin of 18.78%. The business had revenue of $1.79 billion during the quarter, compared to analyst estimates of $1.80 billion. During the same period in the previous year, the business earned $0.49 EPS. The firm's revenue for the quarter was down 3.7% compared to the same quarter last year. On average, research analysts predict that Regions Financial will post 2.12 earnings per share for the current year.

Institutional Trading of Regions Financial

A number of institutional investors and hedge funds have recently made changes to their positions in RF. State Street Corp increased its stake in shares of Regions Financial by 16.3% during the third quarter. State Street Corp now owns 55,485,987 shares of the bank's stock worth $1,306,813,000 after purchasing an additional 7,791,399 shares in the last quarter. Charles Schwab Investment Management Inc. increased its stake in Regions Financial by 3.0% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 27,786,933 shares of the bank's stock worth $648,269,000 after buying an additional 816,226 shares in the last quarter. Geode Capital Management LLC increased its stake in Regions Financial by 1.4% during the 3rd quarter. Geode Capital Management LLC now owns 22,625,214 shares of the bank's stock worth $526,118,000 after buying an additional 315,605 shares in the last quarter. Dimensional Fund Advisors LP lifted its position in shares of Regions Financial by 7.4% in the second quarter. Dimensional Fund Advisors LP now owns 14,252,693 shares of the bank's stock valued at $285,562,000 after acquiring an additional 979,597 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC lifted its position in shares of Regions Financial by 13.3% in the third quarter. Allspring Global Investments Holdings LLC now owns 8,625,734 shares of the bank's stock valued at $201,238,000 after acquiring an additional 1,014,706 shares in the last quarter. 79.39% of the stock is currently 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.