Brokerages Set Regions Financial Co. (NYSE:RF) PT at $25.94

Regions Financial Co. (NYSE:RF - Get Free Report) has received a consensus rating of "Moderate Buy" from the seventeen ratings firms that are presently covering the company, Marketbeat Ratings reports. One analyst has rated the stock with a sell rating, five have assigned a hold rating and eleven have issued a buy rating on the company. The average 12-month price target among brokerages that have covered the stock in the last year is $25.94.

Several equities analysts have recently weighed in on the stock. Argus upgraded shares of Regions Financial from a "hold" rating to a "buy" rating and set a $26.00 price objective on the stock in a research note on Thursday, October 24th. Evercore ISI lifted their price target on shares of Regions Financial from $24.50 to $26.00 and gave the stock an "in-line" rating in a research note on Wednesday, October 2nd. Barclays upped their price objective on Regions Financial from $22.00 to $25.00 and gave the stock an "underweight" rating in a research note on Monday, October 21st. Stephens upgraded Regions Financial from an "equal weight" rating to an "overweight" rating and set a $26.00 target price on the stock in a research report on Tuesday, October 29th. Finally, StockNews.com upgraded Regions Financial from a "sell" rating to a "hold" rating in a research report on Friday, October 25th.

Institutional Trading of Regions Financial

Hedge funds have recently made changes to their positions in the business. Empowered Funds LLC increased its position in Regions Financial by 20.8% during the first quarter. Empowered Funds LLC now owns 54,856 shares of the bank's stock valued at $1,154,000 after acquiring an additional 9,445 shares during the last quarter. Sei Investments Co. lifted its stake in Regions Financial by 1.3% in the first quarter. Sei Investments Co. now owns 471,222 shares of the bank's stock worth $9,914,000 after purchasing an additional 5,962 shares during the last quarter. Avantax Advisory Services Inc. purchased a new position in shares of Regions Financial during the first quarter valued at approximately $287,000. Bleakley Financial Group LLC grew its stake in shares of Regions Financial by 24.2% during the first quarter. Bleakley Financial Group LLC now owns 31,513 shares of the bank's stock valued at $663,000 after buying an additional 6,144 shares during the last quarter. Finally, State Board of Administration of Florida Retirement System raised its holdings in shares of Regions Financial by 3.3% in the first quarter. State Board of Administration of Florida Retirement System now owns 1,251,514 shares of the bank's stock worth $26,332,000 after buying an additional 40,250 shares during the period. 79.39% of the stock is currently owned by hedge funds and other institutional investors.

Regions Financial Stock Performance

Shares of Regions Financial stock traded up $0.10 during trading on Thursday, hitting $26.20. 5,653,637 shares of the company's stock traded hands, compared to its average volume of 7,932,598. Regions Financial has a 1 year low of $15.79 and a 1 year high of $26.73. The business has a 50-day simple moving average of $23.46 and a 200-day simple moving average of $21.50. The stock has a market capitalization of $23.81 billion, a P/E ratio of 14.88, a PEG ratio of 2.74 and a beta of 1.16. The company has a debt-to-equity ratio of 0.35, a current ratio of 0.84 and a quick ratio of 0.83.

Regions Financial (NYSE:RF - Get Free Report) last announced its quarterly earnings results on Friday, October 18th. The bank reported $0.49 EPS for the quarter, missing analysts' consensus estimates of $0.53 by ($0.04). The company had revenue of $1.79 billion during the quarter, compared to the consensus estimate of $1.80 billion. Regions Financial had a return on equity of 12.60% and a net margin of 18.78%. The business's revenue was down 3.7% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.49 earnings per share. As a group, analysts forecast that Regions Financial will post 2.1 EPS for the current year.

Regions Financial Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, January 2nd. Investors of record on Monday, December 2nd will be given a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 3.82%. The ex-dividend date is Monday, December 2nd. Regions Financial's dividend payout ratio is presently 56.50%.

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.