Regions Financial (NYSE:RF) Given New $25.00 Price Target at Citigroup

Regions Financial (NYSE:RF - Get Free Report) had its price objective cut by Citigroup from $28.00 to $25.00 in a research note issued to investors on Monday,Benzinga reports. The brokerage presently has a "buy" rating on the bank's stock. Citigroup's target price indicates a potential upside of 16.72% from the stock's previous close.

Several other analysts have also recently issued reports on RF. Truist Financial reduced their price target on shares of Regions Financial from $26.00 to $24.00 and set a "hold" rating on the stock in a research report on Friday, March 21st. Piper Sandler upped their price objective on shares of Regions Financial from $25.00 to $29.00 and gave the stock a "neutral" rating in a research report on Tuesday, December 3rd. Compass Point raised their price target on Regions Financial from $25.00 to $31.00 and gave the company a "buy" rating in a report on Tuesday, December 10th. The Goldman Sachs Group boosted their price target on Regions Financial from $29.00 to $33.00 and gave the stock a "buy" rating in a report on Tuesday, November 26th. Finally, Morgan Stanley restated an "equal weight" rating and set a $32.00 price objective (up from $28.00) on shares of Regions Financial in a report on Monday, December 9th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and eleven have issued a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $27.17.

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Regions Financial Trading Down 2.3 %

Shares of Regions Financial stock traded down $0.51 during trading on Monday, hitting $21.42. The stock had a trading volume of 1,237,764 shares, compared to its average volume of 7,784,126. Regions Financial has a 12 month low of $17.72 and a 12 month high of $27.96. The stock has a market cap of $19.39 billion, a PE ratio of 11.03, a PEG ratio of 1.93 and a beta of 1.19. The firm's fifty day simple moving average is $23.30 and its 200-day simple moving average is $23.93. The company has a debt-to-equity ratio of 0.37, a current ratio of 0.84 and a quick ratio of 0.83.

Regions Financial (NYSE:RF - Get Free Report) last posted its earnings results on Friday, January 17th. The bank reported $0.56 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.55 by $0.01. The firm had revenue of $1.82 billion during the quarter, compared to analysts' expectations of $1.86 billion. Regions Financial had a net margin of 20.20% and a return on equity of 12.83%. The business's revenue was up .2% compared to the same quarter last year. During the same period in the previous year, the business posted $0.39 EPS. As a group, sell-side analysts expect that Regions Financial will post 2.26 EPS for the current fiscal year.

Insider Activity

In other news, Director Joia M. Johnson bought 2,300 shares of the firm's stock in a transaction that occurred on Tuesday, March 11th. The shares were bought at an average cost of $21.18 per share, for a total transaction of $48,714.00. Following the completion of the transaction, the director now owns 17,486 shares of the company's stock, valued at approximately $370,353.48. This represents a 15.15 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website. In the last 90 days, insiders have acquired 3,993 shares of company stock worth $89,682. Corporate insiders own 0.29% of the company's stock.

Institutional Investors Weigh In On Regions Financial

Institutional investors have recently modified their holdings of the stock. Y.D. More Investments Ltd boosted its position in Regions Financial by 122.9% during the fourth quarter. Y.D. More Investments Ltd now owns 1,150 shares of the bank's stock valued at $27,000 after purchasing an additional 634 shares in the last quarter. Sierra Ocean LLC purchased a new position in shares of Regions Financial in the fourth quarter worth $28,000. Picton Mahoney Asset Management raised its stake in 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 acquiring an additional 1,201 shares during the last quarter. Millstone Evans Group LLC purchased a new stake in Regions Financial during the 4th quarter valued at about $32,000. Finally, Truvestments Capital LLC acquired a new stake in shares of Regions Financial during the third quarter worth about $37,000. 79.39% of the stock is owned by 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.