Regions Financial (NYSE:RF) PT Raised to $26.00 at Citigroup

Regions Financial (NYSE:RF) had its price objective lifted by Citigroup from $25.00 to $26.00 in a research report issued to clients and investors on Thursday, Benzinga reports. The firm presently has a “buy” rating on the bank’s stock. Citigroup’s price target would suggest a potential upside of 12.51% from the company’s previous close.

Other research analysts have also recently issued reports about the stock. Morgan Stanley lifted their target price on shares of Regions Financial from $25.00 to $28.00 and gave the stock an “overweight” rating in a report on Tuesday, July 30th. Bank of America lifted their target price on shares of Regions Financial from $22.00 to $25.00 and gave the stock a “neutral” rating in a report on Monday, July 22nd. Keefe, Bruyette & Woods decreased their price objective on shares of Regions Financial from $22.00 to $21.00 and set a “market perform” rating for the company in a report on Tuesday, July 9th. Truist Financial boosted their price objective on shares of Regions Financial from $21.00 to $23.00 and gave the company a “hold” rating in a report on Monday, July 22nd. Finally, Jefferies Financial Group boosted their price objective on shares of Regions Financial from $22.00 to $24.00 and gave the company a “buy” rating in a report on Wednesday, July 3rd. One research analyst has rated the stock with a sell rating, thirteen have given a hold rating and five have assigned a buy rating to the stock. According to MarketBeat, Regions Financial currently has a consensus rating of “Hold” and an average price target of $21.69.

Regions Financial Trading Down 1.1 %

Shares of RF opened at $23.11 on Thursday. The firm’s 50-day moving average price is $22.08 and its 200-day moving average price is $20.41. The firm has a market capitalization of $21.16 billion, a price-to-earnings ratio of 12.56, a PEG ratio of 2.82 and a beta of 1.17. The company has a current ratio of 0.83, a quick ratio of 0.83 and a debt-to-equity ratio of 0.33. Regions Financial has a 1-year low of $13.72 and a 1-year high of $23.47.

Regions Financial (NYSE:RF) last posted its quarterly earnings data on Friday, July 19th. The bank reported $0.52 EPS for the quarter, topping the consensus estimate of $0.49 by $0.03. Regions Financial had a net margin of 18.91% and a return on equity of 12.64%. The business had revenue of $1.73 billion for the quarter, compared to analyst estimates of $1.76 billion. During the same quarter in the previous year, the firm posted $0.59 earnings per share. Regions Financial’s quarterly revenue was down 11.5% on a year-over-year basis. Sell-side analysts anticipate that Regions Financial will post 2 EPS for the current year.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. EntryPoint Capital LLC bought a new position in shares of Regions Financial during the 1st quarter valued at about $26,000. Quarry LP grew its holdings in shares of Regions Financial by 157.2% in the second quarter. Quarry LP now owns 1,335 shares of the bank’s stock valued at $27,000 after purchasing an additional 816 shares in the last quarter. ICA Group Wealth Management LLC bought a new stake in Regions Financial in the fourth quarter worth $28,000. MV Capital Management Inc. raised its stake in Regions Financial by 75.6% during the first quarter. MV Capital Management Inc. now owns 1,435 shares of the bank’s stock valued at $30,000 after purchasing an additional 618 shares in the last quarter. Finally, Whittier Trust Co. of Nevada Inc. lifted its position in Regions Financial by 530.0% during the second quarter. Whittier Trust Co. of Nevada Inc. now owns 1,493 shares of the bank’s stock valued at $30,000 after purchasing an additional 1,256 shares during the last quarter. 79.39% of the stock is owned by hedge funds and other 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.