Regions Financial (NYSE:RF) Price Target Cut to $22.00 by Analysts at Morgan Stanley

Regions Financial (NYSE:RF - Free Report) had its price target reduced by Morgan Stanley from $29.00 to $22.00 in a report issued on Monday,Benzinga reports. They currently have an equal weight rating on the bank's stock.

A number of other brokerages have also recently issued reports on RF. Compass Point boosted their target price on Regions Financial from $25.00 to $31.00 and gave the stock a "buy" rating in a report on Tuesday, December 10th. Wells Fargo & Company dropped their price objective on shares of Regions Financial from $28.00 to $26.00 and set an "equal weight" rating for the company in a research report on Friday, March 28th. Barclays lifted their target price on shares of Regions Financial from $25.00 to $26.00 and gave the company an "underweight" rating in a report on Monday, January 6th. Citigroup cut their price objective on Regions Financial from $28.00 to $25.00 and set a "buy" rating on the stock in a research report on Monday, March 24th. Finally, JPMorgan Chase & Co. lowered their target price on Regions Financial from $26.00 to $23.00 and set a "neutral" rating for the company in a research note on Thursday, April 3rd. One analyst has rated the stock with a sell rating, eight have given a hold rating and eleven have given a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $26.42.

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Regions Financial Trading Down 0.2 %

Regions Financial stock traded down $0.04 during trading on Monday, reaching $18.96. The company had a trading volume of 13,080,597 shares, compared to its average volume of 8,102,368. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.83 and a current ratio of 0.84. The firm has a market capitalization of $17.17 billion, a price-to-earnings ratio of 9.77, a PEG ratio of 1.93 and a beta of 1.01. Regions Financial has a 12-month low of $17.72 and a 12-month high of $27.96. The stock's 50 day moving average price is $22.10 and its two-hundred day moving average price is $23.69.

Regions Financial (NYSE:RF - Get Free Report) last released its quarterly earnings data on Friday, January 17th. The bank reported $0.56 EPS for the quarter, topping analysts' consensus estimates of $0.55 by $0.01. Regions Financial had a return on equity of 12.83% and a net margin of 20.20%. The business had revenue of $1.82 billion during the quarter, compared to the consensus estimate of $1.86 billion. During the same period in the prior year, the firm posted $0.39 EPS. The business's revenue for the quarter was up .2% on a year-over-year basis. As a group, equities analysts expect that Regions Financial will post 2.26 earnings per share for the current fiscal year.

Regions Financial Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, April 1st. Investors of record on Monday, March 3rd were paid a $0.25 dividend. The ex-dividend date of this dividend was Monday, March 3rd. This represents a $1.00 dividend on an annualized basis and a yield of 5.27%. Regions Financial's dividend payout ratio (DPR) is 51.55%.

Insiders Place Their Bets

In other Regions Financial news, Director Joia M. Johnson purchased 2,300 shares of Regions Financial stock in a transaction dated Tuesday, March 11th. The shares were bought at an average cost of $21.18 per share, for a total transaction of $48,714.00. Following the transaction, the director now owns 17,486 shares in the company, valued at $370,353.48. This represents a 15.15 % increase in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders have bought a total of 3,868 shares of company stock valued at $86,722 in the last quarter. Insiders own 0.29% of the company's stock.

Institutional Investors Weigh In On Regions Financial

Several institutional investors and hedge funds have recently bought and sold shares of the business. Norges Bank acquired a new stake in Regions Financial in the fourth quarter worth $279,103,000. Invesco Ltd. lifted its position in Regions Financial by 14.5% in the 4th quarter. Invesco Ltd. now owns 15,468,674 shares of the bank's stock valued at $363,823,000 after purchasing an additional 1,963,954 shares during the last quarter. Deutsche Bank AG lifted its position in Regions Financial by 52.7% in the 4th quarter. Deutsche Bank AG now owns 5,522,612 shares of the bank's stock valued at $129,892,000 after purchasing an additional 1,907,121 shares during the last quarter. National Bank of Canada FI boosted its stake in Regions Financial by 575.8% during the 3rd quarter. National Bank of Canada FI now owns 1,705,273 shares of the bank's stock valued at $39,784,000 after purchasing an additional 1,452,956 shares during the period. Finally, Charles Schwab Investment Management Inc. grew its position in Regions Financial by 5.0% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 29,183,580 shares of the bank's stock worth $686,398,000 after purchasing an additional 1,396,647 shares during the last quarter. 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.