Morgan Stanley Reaffirms Equal Weight Rating for Regions Financial (NYSE:RF)

Morgan Stanley reiterated their equal weight rating on shares of Regions Financial (NYSE:RF - Free Report) in a report issued on Monday, MarketBeat reports. They currently have a $32.00 price target on the bank's stock, up from their previous price target of $28.00.

Other equities analysts have also issued reports about the company. Citigroup lifted their price objective on Regions Financial from $26.00 to $30.00 and gave the company a "buy" rating in a research note on Thursday, November 21st. DA Davidson boosted their price objective on shares of Regions Financial from $27.00 to $29.00 and gave the stock a "buy" rating in a research note on Monday, October 21st. Piper Sandler increased their price objective on shares of Regions Financial from $25.00 to $29.00 and gave the stock a "neutral" rating in a research report on Tuesday, December 3rd. Barclays lifted their target price on shares of Regions Financial from $22.00 to $25.00 and gave the company an "underweight" rating in a report on Monday, October 21st. Finally, Deutsche Bank Aktiengesellschaft raised Regions Financial from a "hold" rating to a "buy" rating and raised their price objective for the company from $24.00 to $26.00 in a research report on Thursday, October 24th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and ten have assigned a buy rating to the company. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $27.41.

Regions Financial Trading Down 2.0 %

Shares of RF traded down $0.53 during mid-day trading on Monday, hitting $25.73. The company had a trading volume of 6,821,697 shares, compared to its average volume of 7,862,642. Regions Financial has a 1-year low of $17.18 and a 1-year high of $27.96. The company has a quick ratio of 0.83, a current ratio of 0.84 and a debt-to-equity ratio of 0.35. The business's 50-day simple moving average is $24.85 and its 200-day simple moving average is $22.34. The stock has a market cap of $23.38 billion, a PE ratio of 14.84, a P/E/G ratio of 2.72 and a beta of 1.19.

Regions Financial (NYSE:RF - Get Free Report) last announced its quarterly earnings data on Friday, October 18th. The bank reported $0.49 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.53 by ($0.04). The company had revenue of $1.79 billion for the quarter, compared to analysts' expectations of $1.80 billion. Regions Financial had a net margin of 18.78% and a return on equity of 12.60%. The firm's quarterly revenue was down 3.7% on a year-over-year basis. During the same period in the prior year, the firm earned $0.49 earnings per share. Sell-side analysts forecast that Regions Financial will post 2.12 earnings per share for the current year.

Regions Financial Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, January 2nd. Stockholders of record on Monday, December 2nd will be given a dividend of $0.25 per share. The ex-dividend date is Monday, December 2nd. This represents a $1.00 annualized dividend and a dividend yield of 3.89%. Regions Financial's payout ratio is 56.50%.

Institutional Trading of Regions Financial

Institutional investors and hedge funds have recently bought and sold shares of the company. Forthright Family Wealth Advisory LLC acquired a new stake in shares of Regions Financial during the 3rd quarter valued at approximately $181,000. Logan Capital Management Inc. bought a new stake in Regions Financial during the third quarter valued at $2,195,000. Franklin Resources Inc. raised its holdings in shares of Regions Financial by 30.9% during the third quarter. Franklin Resources Inc. now owns 702,627 shares of the bank's stock worth $16,758,000 after purchasing an additional 165,710 shares during the period. Synovus Financial Corp lifted its position in shares of Regions Financial by 55.9% in the 3rd quarter. Synovus Financial Corp now owns 375,572 shares of the bank's stock worth $8,762,000 after buying an additional 134,615 shares during the last quarter. Finally, Tidal Investments LLC boosted its holdings in shares of Regions Financial by 2.0% in the 3rd quarter. Tidal Investments LLC now owns 127,326 shares of the bank's stock valued at $2,971,000 after buying an additional 2,531 shares during the period. Institutional investors and hedge funds own 79.39% of the company's stock.

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.