Truist Financial Forecasts Strong Price Appreciation for Regions Financial (NYSE:RF) Stock

Regions Financial (NYSE:RF - Get Free Report) had its price objective boosted by equities research analysts at Truist Financial from $25.00 to $26.00 in a research report issued on Tuesday,Benzinga reports. The brokerage currently has a "hold" rating on the bank's stock. Truist Financial's price target suggests a potential upside of 5.47% from the company's previous close.

A number of other equities research analysts also recently weighed in on the company. Citigroup lifted their target price on Regions Financial from $26.00 to $30.00 and gave the stock a "buy" rating in a report on Thursday, November 21st. Barclays lifted their price objective on shares of Regions Financial from $25.00 to $26.00 and gave the stock an "underweight" rating in a research note on Monday, January 6th. Keefe, Bruyette & Woods upgraded shares of Regions Financial from a "market perform" rating to an "outperform" rating and increased their target price for the stock from $27.00 to $28.00 in a research report on Thursday, October 31st. The Goldman Sachs Group lifted their price target on shares of Regions Financial from $29.00 to $33.00 and gave the company a "buy" rating in a research report on Tuesday, November 26th. Finally, Compass Point boosted their price target on Regions Financial from $25.00 to $31.00 and gave the company a "buy" rating in a research note on Tuesday, December 10th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and eleven have issued a buy rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $27.67.

Regions Financial Stock Performance

Shares of NYSE RF traded up $0.45 during midday trading on Tuesday, hitting $24.65. 12,668,957 shares of the company's stock were exchanged, compared to its average volume of 9,453,009. The company has a quick ratio of 0.83, a current ratio of 0.84 and a debt-to-equity ratio of 0.37. The firm has a market capitalization of $22.41 billion, a PE ratio of 12.71, a price-to-earnings-growth ratio of 2.31 and a beta of 1.21. Regions Financial has a 12 month low of $17.42 and a 12 month high of $27.96. The company's 50 day moving average price is $25.07 and its 200 day moving average price is $23.44.

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. The firm had revenue of $1.82 billion during the quarter, compared to analysts' expectations of $1,857,300 billion. Regions Financial had a net margin of 20.20% and a return on equity of 12.83%. The company's revenue for the quarter was up .2% compared to the same quarter last year. During the same period in the previous year, the business posted $0.39 earnings per share. As a group, analysts predict that Regions Financial will post 2.27 earnings per share for the current fiscal year.

Institutional Trading of Regions Financial

A number of hedge funds have recently added to or reduced their stakes in the stock. American National Bank & Trust increased its stake in shares of Regions Financial by 1,856.7% in the third quarter. American National Bank & Trust now owns 1,174 shares of the bank's stock valued at $27,000 after buying an additional 1,114 shares during the period. Quarry LP increased its position in Regions Financial by 157.2% in the 2nd quarter. Quarry LP now owns 1,335 shares of the bank's stock valued at $27,000 after acquiring an additional 816 shares during the period. Truvestments Capital LLC bought a new position in shares of Regions Financial during the third quarter valued at $37,000. Legacy Investment Solutions LLC acquired a new position in shares of Regions Financial during the third quarter worth $37,000. Finally, Bruce G. Allen Investments LLC grew its stake in shares of Regions Financial by 163.1% in the third quarter. Bruce G. Allen Investments LLC now owns 2,392 shares of the bank's stock worth $56,000 after purchasing an additional 1,483 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.