Keefe, Bruyette & Woods Issues Pessimistic Forecast for Regions Financial (NYSE:RF) Stock Price

Regions Financial (NYSE:RF - Get Free Report) had its target price cut by equities researchers at Keefe, Bruyette & Woods from $28.00 to $26.00 in a report released on Monday,Benzinga reports. The firm presently has an "outperform" rating on the bank's stock. Keefe, Bruyette & Woods' price target points to a potential upside of 28.73% from the company's current price.

RF has been the subject of a number of other reports. Truist Financial reduced their target price on shares of Regions Financial from $26.00 to $24.00 and set a "hold" rating for the company in a report on Friday, March 21st. Morgan Stanley decreased their price objective on Regions Financial from $29.00 to $22.00 and set an "equal weight" rating for the company in a research report on Monday, April 7th. JPMorgan Chase & Co. cut their price target on Regions Financial from $26.00 to $23.00 and set a "neutral" rating for the company in a research note on Thursday, April 3rd. Barclays dropped their price target on shares of Regions Financial from $26.00 to $24.00 and set an "underweight" rating on the stock in a research note on Monday. Finally, Stephens reduced their price target on shares of Regions Financial from $26.00 to $24.00 and set an "overweight" rating for the company in a research report on Monday. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and eleven have assigned a buy rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $25.53.

Regions Financial Trading Up 0.9 %

Shares of NYSE RF traded up $0.18 during trading on Monday, reaching $20.20. The stock had a trading volume of 542,670 shares, compared to its average volume of 8,086,929. The business's 50-day moving average price is $21.32 and its 200-day moving average price is $23.49. Regions Financial has a fifty-two week low of $17.72 and a fifty-two week high of $27.96. The company has a market cap of $18.29 billion, a P/E ratio of 10.42, a PEG ratio of 1.93 and a beta of 1.01. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.83 and a current ratio of 0.84.

Regions Financial (NYSE:RF - Get Free Report) last issued its quarterly earnings results on Thursday, April 17th. The bank reported $0.54 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.51 by $0.03. Regions Financial had a net margin of 20.20% and a return on equity of 12.83%. The company had revenue of $1.81 billion during the quarter, compared to the consensus estimate of $1.84 billion. During the same quarter in the previous year, the firm earned $0.37 earnings per share. On average, equities research analysts predict that Regions Financial will post 2.26 EPS for the current fiscal year.

Insider Transactions at Regions Financial

In related news, Director Joia M. Johnson bought 2,300 shares of the business's stock in a transaction dated Tuesday, March 11th. The shares were acquired at an average price of $21.18 per share, for a total transaction of $48,714.00. Following the purchase, the director now owns 17,486 shares in the company, valued at $370,353.48. This trade represents a 15.15 % increase in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Corporate insiders own 0.29% of the company's stock.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of the company. Y.D. More Investments Ltd increased its stake 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 during the last quarter. Sierra Ocean LLC acquired a new position in shares of Regions Financial during the fourth quarter valued at $28,000. Picton Mahoney Asset Management raised its stake in shares of Regions Financial by 2,354.9% during the fourth quarter. Picton Mahoney Asset Management now owns 1,252 shares of the bank's stock valued at $29,000 after purchasing an additional 1,201 shares in the last quarter. Millstone Evans Group LLC bought a new position in Regions Financial in the 4th quarter valued at about $32,000. Finally, Grove Bank & Trust grew its position in Regions Financial by 76.6% in the 1st quarter. Grove Bank & Trust now owns 1,876 shares of the bank's stock valued at $41,000 after buying an additional 814 shares in the last quarter. 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.