Truist Financial Increases Regions Financial (NYSE:RF) Price Target to $25.00

Regions Financial (NYSE:RF - Get Free Report) had its price objective raised by investment analysts at Truist Financial from $23.00 to $25.00 in a report issued on Friday, Benzinga reports. The firm currently has a "hold" rating on the bank's stock. Truist Financial's price objective would indicate a potential upside of 8.18% from the stock's previous close.

Several other equities research analysts also recently weighed in on RF. Royal Bank of Canada upped their target price on shares of Regions Financial from $21.00 to $23.00 and gave the stock an "outperform" rating in a research note on Monday, July 22nd. Jefferies Financial Group upped their price objective on Regions Financial from $22.00 to $24.00 and gave the stock a "buy" rating in a research report on Wednesday, July 3rd. Keefe, Bruyette & Woods decreased their target price on Regions Financial from $22.00 to $21.00 and set a "market perform" rating for the company in a report on Tuesday, July 9th. Bank of America upped their price target on Regions Financial from $22.00 to $25.00 and gave the stock a "neutral" rating in a report on Monday, July 22nd. Finally, Wells Fargo & Company lifted their price objective on Regions Financial from $18.00 to $22.00 and gave the company an "equal weight" rating in a research note on Monday, July 22nd. One research analyst has rated the stock with a sell rating, thirteen have issued a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of "Hold" and an average price target of $21.69.

Regions Financial Trading Down 1.1 %

RF stock traded down $0.25 during midday trading on Friday, hitting $23.11. 15,087,185 shares of the company's stock were exchanged, compared to its average volume of 8,009,419. Regions Financial has a 1-year low of $13.72 and a 1-year high of $23.47. The business has a 50-day simple moving average of $22.02 and a two-hundred day simple moving average of $20.39. The stock has a market capitalization of $21.16 billion, a PE ratio of 12.57, a P/E/G ratio of 2.82 and a beta of 1.17. The company has a current ratio of 0.83, a quick ratio of 0.83 and a debt-to-equity ratio of 0.33.

Regions Financial (NYSE:RF - Get Free Report) last released its quarterly earnings results on Friday, July 19th. The bank reported $0.52 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.49 by $0.03. The business had revenue of $1.73 billion for the quarter, compared to the consensus estimate of $1.76 billion. Regions Financial had a net margin of 18.91% and a return on equity of 12.64%. The business's revenue was down 11.5% on a year-over-year basis. During the same period in the previous year, the firm earned $0.59 EPS. On average, sell-side analysts predict that Regions Financial will post 2 EPS for the current fiscal year.

Institutional Trading of Regions Financial

Hedge funds have recently made changes to their positions in the company. Janney Montgomery Scott LLC acquired a new stake in shares of Regions Financial in the 4th quarter valued at approximately $2,047,000. Corient Private Wealth LLC boosted its position in shares of Regions Financial by 0.8% during the 4th quarter. Corient Private Wealth LLC now owns 102,438 shares of the bank's stock worth $1,985,000 after purchasing an additional 821 shares in the last quarter. CreativeOne Wealth LLC grew its stake in shares of Regions Financial by 83.7% during the 4th quarter. CreativeOne Wealth LLC now owns 19,785 shares of the bank's stock worth $383,000 after purchasing an additional 9,017 shares during the period. Assetmark Inc. increased its holdings in shares of Regions Financial by 31.2% in the 4th quarter. Assetmark Inc. now owns 12,006 shares of the bank's stock valued at $233,000 after purchasing an additional 2,854 shares in the last quarter. Finally, Franklin Resources Inc. lifted its stake in shares of Regions Financial by 6.3% in the fourth quarter. Franklin Resources Inc. now owns 480,090 shares of the bank's stock valued at $9,304,000 after purchasing an additional 28,584 shares during the period. Institutional investors and hedge funds 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.