JPMorgan Chase & Co. Has Lowered Expectations for Regions Financial (NYSE:RF) Stock Price

Regions Financial (NYSE:RF - Free Report) had its target price reduced by JPMorgan Chase & Co. from $26.00 to $23.00 in a research note released on Thursday morning,Benzinga reports. They currently have a neutral rating on the bank's stock.

RF has been the topic of a number of other reports. Wells Fargo & Company reduced their price objective on Regions Financial from $28.00 to $26.00 and set an "equal weight" rating on the stock in a research note on Friday, March 28th. Citigroup reduced their price target on Regions Financial from $28.00 to $25.00 and set a "buy" rating on the stock in a research report on Monday, March 24th. Compass Point boosted their price objective on Regions Financial from $25.00 to $31.00 and gave the company a "buy" rating in a research report on Tuesday, December 10th. Barclays increased their price objective on Regions Financial from $25.00 to $26.00 and gave the company an "underweight" rating in a research note on Monday, January 6th. Finally, Morgan Stanley reaffirmed an "equal weight" rating and issued a $32.00 target price (up from $28.00) on shares of Regions Financial in a research note on Monday, December 9th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and eleven have given a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $26.42.

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Regions Financial Price Performance

Shares of NYSE RF traded down $0.03 during trading hours on Thursday, reaching $18.65. 4,987,576 shares of the stock traded hands, compared to its average volume of 7,944,679. The company's 50-day simple moving average is $22.76 and its two-hundred day simple moving average is $23.86. The company has a market capitalization of $16.89 billion, a P/E ratio of 9.55, a price-to-earnings-growth ratio of 1.93 and a beta of 1.01. Regions Financial has a 52-week low of $17.72 and a 52-week high of $27.96. The company has a quick ratio of 0.83, a current ratio of 0.84 and a debt-to-equity ratio of 0.37.

Regions Financial (NYSE:RF - Get Free Report) last announced its quarterly earnings data on Friday, January 17th. The bank reported $0.56 earnings per share for the quarter, topping analysts' consensus estimates of $0.55 by $0.01. Regions Financial had a net margin of 20.20% and a return on equity of 12.83%. The firm had revenue of $1.82 billion during the quarter, compared to analyst estimates of $1.86 billion. During the same period in the previous year, the business posted $0.39 EPS. The business's quarterly revenue was up .2% on a year-over-year basis. Equities research analysts forecast that Regions Financial will post 2.26 EPS for the current year.

Regions Financial Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, April 1st. Shareholders of record on Monday, March 3rd were given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 5.36%. The ex-dividend date was Monday, March 3rd. Regions Financial's dividend payout ratio is currently 51.55%.

Insider Activity

In other Regions Financial news, Director Joia M. Johnson bought 2,300 shares of the stock in a transaction dated Tuesday, March 11th. The stock was purchased at an average cost of $21.18 per share, for a total transaction of $48,714.00. Following the completion of the acquisition, the director now owns 17,486 shares of the company's stock, valued at approximately $370,353.48. This trade represents a 15.15 % increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. In the last 90 days, insiders have acquired 3,868 shares of company stock worth $86,722. Corporate insiders own 0.29% of the company's stock.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in RF. Quarry LP increased its holdings in shares of Regions Financial by 29.5% during the third quarter. Quarry LP now owns 1,729 shares of the bank's stock valued at $40,000 after acquiring an additional 394 shares in the last quarter. Ballentine Partners LLC increased its stake in Regions Financial by 2.5% during the 4th quarter. Ballentine Partners LLC now owns 17,458 shares of the bank's stock valued at $411,000 after purchasing an additional 420 shares in the last quarter. Prossimo Advisors LLC raised its holdings in Regions Financial by 2.3% in the fourth quarter. Prossimo Advisors LLC now owns 19,270 shares of the bank's stock worth $453,000 after buying an additional 430 shares during the last quarter. Greenleaf Trust lifted its stake in shares of Regions Financial by 1.8% in the fourth quarter. Greenleaf Trust now owns 24,382 shares of the bank's stock worth $573,000 after buying an additional 436 shares in the last quarter. Finally, Lake Street Advisors Group LLC grew its holdings in shares of Regions Financial by 2.3% during the fourth quarter. Lake Street Advisors Group LLC now owns 19,173 shares of the bank's stock valued at $456,000 after buying an additional 436 shares during the last quarter. Hedge funds and other institutional investors 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.