Regions Financial Co. (NYSE:RF) Given Average Recommendation of "Moderate Buy" by Brokerages

Regions Financial Co. (NYSE:RF - Get Free Report) has been assigned an average recommendation of "Moderate Buy" from the eighteen ratings firms that are currently covering the firm, MarketBeat.com reports. One research analyst has rated the stock with a sell recommendation, six have given a hold recommendation and eleven have issued a buy recommendation on 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 analysts recently commented on RF shares. Barclays upped their target price on Regions Financial from $25.00 to $26.00 and gave the company an "underweight" rating in a report on Monday, January 6th. Morgan Stanley reaffirmed an "equal weight" rating and set a $32.00 price objective (up previously from $28.00) on shares of Regions Financial in a research report on Monday, December 9th. Piper Sandler increased their target price on Regions Financial from $25.00 to $29.00 and gave the company a "neutral" rating in a research note on Tuesday, December 3rd. Stephens upgraded Regions Financial from an "equal weight" rating to an "overweight" rating and set a $26.00 price target for the company in a research note on Tuesday, October 29th. Finally, StockNews.com upgraded shares of Regions Financial from a "sell" rating to a "hold" rating in a research note on Friday, October 25th.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in RF. State Street Corp grew its holdings in Regions Financial by 16.3% in the third quarter. State Street Corp now owns 55,485,987 shares of the bank's stock valued at $1,306,813,000 after purchasing an additional 7,791,399 shares during the period. National Bank of Canada FI increased its holdings in Regions Financial by 575.8% in the 3rd quarter. National Bank of Canada FI now owns 1,705,273 shares of the bank's stock worth $39,784,000 after acquiring an additional 1,452,956 shares in the last quarter. Allspring Global Investments Holdings LLC lifted its holdings in Regions Financial by 13.3% during the third quarter. Allspring Global Investments Holdings LLC now owns 8,625,734 shares of the bank's stock valued at $201,238,000 after purchasing an additional 1,014,706 shares in the last quarter. Charles Schwab Investment Management Inc. raised its position in shares of Regions Financial by 3.0% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 27,786,933 shares of the bank's stock worth $648,269,000 after purchasing an additional 816,226 shares during the last quarter. Finally, Point72 Asset Management L.P. purchased a new position in Regions Financial in the 3rd quarter valued at about $17,589,000. Hedge funds and other institutional investors own 79.39% of the company's stock.

Regions Financial Stock Performance

NYSE:RF traded down $0.17 on Tuesday, reaching $24.61. 10,619,806 shares of the company's stock were exchanged, compared to its average volume of 8,350,089. The stock has a fifty day simple moving average of $24.79 and a 200-day simple moving average of $23.65. The firm has a market cap of $22.36 billion, a price-to-earnings ratio of 12.68, a P/E/G ratio of 1.97 and a beta of 1.21. The company has a debt-to-equity ratio of 0.37, a current ratio of 0.84 and a quick ratio of 0.83. Regions Financial has a 52 week low of $17.42 and a 52 week high of $27.96.

Regions Financial (NYSE:RF - Get Free Report) last announced its earnings results on Friday, January 17th. The bank reported $0.56 earnings per share for the quarter, beating analysts' consensus estimates of $0.55 by $0.01. Regions Financial had a net margin of 20.20% and a return on equity of 12.83%. The business had revenue of $1.82 billion for the quarter, compared to the consensus estimate of $1.86 billion. During the same period last year, the firm posted $0.39 earnings per share. Regions Financial's quarterly revenue was up .2% on a year-over-year basis. As a group, sell-side analysts predict that Regions Financial will post 2.27 earnings per share for the current year.

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.