Regions Financial (NYSE:RF) Given New $24.00 Price Target at Stephens

Regions Financial (NYSE:RF - Get Free Report) had its target price lowered by equities research analysts at Stephens from $26.00 to $24.00 in a research note issued to investors on Monday,Benzinga reports. The firm currently has an "overweight" rating on the bank's stock. Stephens' target price suggests a potential upside of 18.67% from the stock's current price.

A number of other equities analysts have also recently issued reports on RF. Wells Fargo & Company cut their price target on Regions Financial from $28.00 to $26.00 and set an "equal weight" rating on the stock in a report on Friday, March 28th. Barclays cut their target price on Regions Financial from $26.00 to $24.00 and set an "underweight" rating on the stock in a report on Monday. Citigroup lowered their price target on Regions Financial from $28.00 to $25.00 and set a "buy" rating for the company in a research report on Monday, March 24th. Morgan Stanley lowered their price target on Regions Financial from $29.00 to $22.00 and set an "equal weight" rating for the company in a research report on Monday, April 7th. Finally, Truist Financial decreased their target price on Regions Financial from $26.00 to $24.00 and set a "hold" rating for the company in a research report on Friday, March 21st. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and eleven have assigned a buy rating to the stock. According to MarketBeat, Regions Financial presently has an average rating of "Moderate Buy" and a consensus target price of $25.53.

Regions Financial Price Performance

NYSE RF traded up $0.21 during trading on Monday, hitting $20.23. 542,670 shares of the company's stock were exchanged, compared to its average volume of 8,086,929. 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 has a market cap of $18.31 billion, a PE ratio of 10.42, a P/E/G ratio of 1.93 and a beta of 1.01. Regions Financial has a fifty-two week low of $17.72 and a fifty-two week high of $27.96. The stock's 50 day moving average price is $21.32 and its two-hundred day moving average price is $23.49.

Regions Financial (NYSE:RF - Get Free Report) last posted its quarterly earnings data on Thursday, April 17th. The bank reported $0.54 earnings per share for the quarter, topping the consensus estimate of $0.51 by $0.03. The firm had revenue of $1.81 billion during the quarter, compared to analyst estimates of $1.84 billion. Regions Financial had a return on equity of 12.83% and a net margin of 20.20%. During the same period last year, the company posted $0.37 EPS. Research analysts expect that Regions Financial will post 2.26 EPS for the current year.

Insiders Place Their Bets

In other news, Director Joia M. Johnson purchased 2,300 shares of the business's stock in a transaction on Tuesday, March 11th. The stock was acquired at an average cost of $21.18 per share, for a total transaction of $48,714.00. Following the purchase, the director now directly owns 17,486 shares in the company, valued at $370,353.48. This trade represents a 15.15 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.29% of the company's stock.

Institutional Investors Weigh In On Regions Financial

Large investors have recently made changes to their positions in the company. Y.D. More Investments Ltd lifted its position in shares of Regions Financial by 122.9% during the 4th quarter. Y.D. More Investments Ltd now owns 1,150 shares of the bank's stock valued at $27,000 after buying an additional 634 shares in the last quarter. Sierra Ocean LLC purchased a new position in shares of Regions Financial during the 4th quarter valued at about $28,000. Picton Mahoney Asset Management lifted its position in shares of Regions Financial by 2,354.9% during the 4th quarter. Picton Mahoney Asset Management now owns 1,252 shares of the bank's stock valued at $29,000 after buying an additional 1,201 shares in the last quarter. Millstone Evans Group LLC purchased a new position in Regions Financial in the 4th quarter worth approximately $32,000. Finally, Grove Bank & Trust raised its holdings in shares of Regions Financial by 76.6% during the 1st quarter. Grove Bank & Trust now owns 1,876 shares of the bank's stock worth $41,000 after acquiring an additional 814 shares in the last quarter. 79.39% of the stock is currently owned by institutional investors.

About Regions Financial

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.