Regions Financial Co. (NYSE:RF) Receives $21.51 Consensus Price Target from Brokerages

Regions Financial Co. (NYSE:RF - Get Free Report) has earned a consensus rating of "Hold" from the eighteen analysts that are covering the firm, MarketBeat.com reports. One investment analyst has rated the stock with a sell rating, twelve have issued a hold rating and five have given a buy rating to the company. The average 12-month target price among brokerages that have issued ratings on the stock in the last year is $21.51.

RF has been the topic of several research analyst reports. Citigroup raised their price objective on Regions Financial from $23.00 to $25.00 and gave the stock a "buy" rating in a research note on Tuesday, July 23rd. Royal Bank of Canada raised their price objective on Regions Financial from $21.00 to $23.00 and gave the stock an "outperform" rating in a research note on Monday, July 22nd. Wells Fargo & Company increased their target price on Regions Financial from $18.00 to $22.00 and gave the stock an "equal weight" rating in a report on Monday, July 22nd. Jefferies Financial Group increased their target price on Regions Financial from $22.00 to $24.00 and gave the stock a "buy" rating in a report on Wednesday, July 3rd. Finally, Evercore ISI lowered their target price on Regions Financial from $22.00 to $21.00 and set an "in-line" rating for the company in a report on Tuesday, June 25th.

Institutional Investors Weigh In On Regions Financial

Several hedge funds have recently bought and sold shares of RF. Norges Bank acquired a new stake in Regions Financial during the fourth quarter worth approximately $210,379,000. Cincinnati Insurance Co. acquired a new stake in shares of Regions Financial in the first quarter valued at approximately $74,606,000. Vanguard Group Inc. raised its position in shares of Regions Financial by 2.7% in the fourth quarter. Vanguard Group Inc. now owns 117,704,755 shares of the bank's stock valued at $2,281,118,000 after buying an additional 3,119,237 shares in the last quarter. Wellington Management Group LLP raised its position in shares of Regions Financial by 3.6% in the fourth quarter. Wellington Management Group LLP now owns 55,775,416 shares of the bank's stock valued at $1,080,928,000 after buying an additional 1,951,026 shares in the last quarter. Finally, MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH acquired a new stake in shares of Regions Financial in the first quarter valued at approximately $33,829,000. 79.39% of the stock is currently owned by institutional investors and hedge funds.

Regions Financial Trading Up 0.9 %

Shares of RF stock traded up $0.21 during trading hours on Friday, reaching $23.42. The company had a trading volume of 13,068,445 shares, compared to its average volume of 8,020,123. The company has a 50 day moving average of $21.24 and a 200 day moving average of $20.00. The company has a debt-to-equity ratio of 0.33, a current ratio of 0.83 and a quick ratio of 0.83. The firm has a market cap of $21.45 billion, a price-to-earnings ratio of 12.73, a P/E/G ratio of 2.77 and a beta of 1.18. Regions Financial has a 1-year low of $13.72 and a 1-year high of $23.47.

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

Regions Financial Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, October 1st. Investors of record on Tuesday, September 3rd will be issued a dividend of $0.25 per share. The ex-dividend date is Tuesday, September 3rd. This represents a $1.00 dividend on an annualized basis and a yield of 4.27%. This is a boost from Regions Financial's previous quarterly dividend of $0.24. Regions Financial's dividend payout ratio (DPR) is presently 54.35%.

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.