Regions Financial Co. (NYSE:RF) Receives $27.67 Consensus PT from Analysts

Shares of Regions Financial Co. (NYSE:RF - Get Free Report) have been assigned a consensus recommendation of "Moderate Buy" from the eighteen brokerages that are presently covering the firm, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and eleven have given a buy rating to the company. The average 12-month price objective among analysts that have covered the stock in the last year is $27.67.

A number of equities research analysts recently issued reports on the stock. Truist Financial upped their price target on shares of Regions Financial from $25.00 to $26.00 and gave the company a "hold" rating in a research note on Tuesday, January 21st. Citigroup upped their target price on shares of Regions Financial from $26.00 to $30.00 and gave the company a "buy" rating in a research report on Thursday, November 21st. Compass Point increased their price target on Regions Financial from $25.00 to $31.00 and gave the company a "buy" rating in a report on Tuesday, December 10th. Piper Sandler boosted their price objective on shares of Regions Financial from $25.00 to $29.00 and gave the company a "neutral" rating in a research report on Tuesday, December 3rd. Finally, Stephens upgraded shares of Regions Financial from an "equal weight" rating to an "overweight" rating and set a $26.00 target price for the company in a report on Tuesday, October 29th.

Regions Financial Price Performance

Shares of RF traded down $0.05 during trading hours on Friday, reaching $23.40. 8,472,354 shares of the stock traded hands, compared to its average volume of 7,949,315. The company has a market cap of $21.26 billion, a P/E ratio of 12.06, a price-to-earnings-growth ratio of 1.93 and a beta of 1.20. The company has a current ratio of 0.84, a quick ratio of 0.83 and a debt-to-equity ratio of 0.37. The company's 50-day moving average price is $24.08 and its two-hundred day moving average price is $23.96. Regions Financial has a 52-week low of $17.72 and a 52-week high of $27.96.

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 (EPS) for the quarter, beating analysts' consensus estimates of $0.55 by $0.01. The business had revenue of $1.82 billion during the quarter, compared to analyst estimates of $1.86 billion. Regions Financial had a net margin of 20.20% and a return on equity of 12.83%. The company's revenue was up .2% on a year-over-year basis. During the same period last year, the firm posted $0.39 EPS. On average, analysts anticipate that Regions Financial will post 2.26 earnings per share for the current year.

Regions Financial Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 1st. Stockholders of record on Monday, March 3rd will be given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 4.27%. The ex-dividend date of this dividend is Monday, March 3rd. Regions Financial's dividend payout ratio (DPR) is presently 51.55%.

Institutional Investors Weigh In On Regions Financial

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Quarry LP grew its position in Regions Financial by 29.5% during the 3rd quarter. Quarry LP now owns 1,729 shares of the bank's stock worth $40,000 after purchasing an additional 394 shares during the last quarter. Ballentine Partners LLC boosted its stake in shares of Regions Financial by 2.5% during the fourth quarter. Ballentine Partners LLC now owns 17,458 shares of the bank's stock worth $411,000 after buying an additional 420 shares during the period. Private Advisor Group LLC boosted its stake in shares of Regions Financial by 1.8% during the third quarter. Private Advisor Group LLC now owns 24,928 shares of the bank's stock worth $581,000 after buying an additional 429 shares during the period. Prossimo Advisors LLC grew its holdings in shares of Regions Financial by 2.3% during 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. Finally, Greenleaf Trust grew its holdings in shares of Regions Financial by 1.8% during the fourth quarter. Greenleaf Trust now owns 24,382 shares of the bank's stock worth $573,000 after buying an additional 436 shares during the last quarter. 79.39% of the stock is owned by hedge funds and other institutional investors.

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.