Regions Financial (NYSE:RF) Upgraded at Keefe, Bruyette & Woods

Regions Financial (NYSE:RF - Get Free Report) was upgraded by Keefe, Bruyette & Woods from a "market perform" rating to an "outperform" rating in a research report issued to clients and investors on Thursday, Marketbeat Ratings reports. The firm presently has a $28.00 price target on the bank's stock, up from their previous price target of $27.00. Keefe, Bruyette & Woods' price target indicates a potential upside of 17.30% from the company's previous close.

Several other equities research analysts have also recently weighed in on the stock. Truist Financial upped their price target on shares of Regions Financial from $25.00 to $26.00 and gave the stock a "hold" rating in a research report on Monday, October 21st. Morgan Stanley upped their price target on shares of Regions Financial from $25.00 to $28.00 and gave the stock an "overweight" rating in a research report on Tuesday, July 30th. Wells Fargo & Company upped their price target on shares of Regions Financial from $22.00 to $24.00 and gave the stock an "equal weight" rating in a research report on Monday, October 21st. Deutsche Bank Aktiengesellschaft raised shares of Regions Financial from a "hold" rating to a "buy" rating and upped their price target for the stock from $24.00 to $26.00 in a research report on Thursday, October 24th. Finally, Jefferies Financial Group upped their price target on shares of Regions Financial from $22.00 to $24.00 and gave the stock a "buy" rating in a research report on Wednesday, July 3rd. 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.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $25.45.

Regions Financial Trading Down 0.8 %

Regions Financial stock traded down $0.19 during trading hours on Thursday, hitting $23.87. The company had a trading volume of 7,379,787 shares, compared to its average volume of 7,923,570. The firm has a market cap of $21.84 billion, a P/E ratio of 13.49, a P/E/G ratio of 2.54 and a beta of 1.17. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.83 and a current ratio of 0.84. Regions Financial has a 1 year low of $14.27 and a 1 year high of $24.47. The company has a 50-day moving average price of $23.04 and a two-hundred day moving average price of $21.10.

Regions Financial (NYSE:RF - Get Free Report) last released its quarterly earnings data on Friday, October 18th. The bank reported $0.49 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.53 by ($0.04). The company had revenue of $1.79 billion during the quarter, compared to analysts' expectations of $1.80 billion. Regions Financial had a net margin of 18.78% and a return on equity of 12.60%. Regions Financial's quarterly revenue was down 3.7% on a year-over-year basis. During the same period last year, the firm earned $0.49 earnings per share. On average, sell-side analysts anticipate that Regions Financial will post 2.05 earnings per share for the current year.

Institutional Trading of Regions Financial

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Principal Financial Group Inc. increased its stake in shares of Regions Financial by 3.2% in the third quarter. Principal Financial Group Inc. now owns 1,087,697 shares of the bank's stock worth $25,376,000 after acquiring an additional 34,125 shares during the period. Woodmont Investment Counsel LLC purchased a new stake in Regions Financial during the third quarter worth $216,000. Centennial Wealth Advisory LLC boosted its holdings in Regions Financial by 3.7% during the third quarter. Centennial Wealth Advisory LLC now owns 19,054 shares of the bank's stock worth $445,000 after buying an additional 675 shares in the last quarter. Greenwood Capital Associates LLC purchased a new stake in Regions Financial during the third quarter worth $988,000. Finally, Catalyst Capital Advisors LLC purchased a new stake in Regions Financial during the third quarter worth $90,000. 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.