Regions Financial Co. (NYSE:RF) Receives $25.94 Consensus Price Target from Analysts

Regions Financial Co. (NYSE:RF) has earned a consensus recommendation of “Moderate Buy” from the seventeen research firms that are currently covering the stock, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and eleven have assigned a buy rating to the company. The average 12 month target price among brokerages that have updated their coverage on the stock in the last year is $26.18.

RF has been the topic of a number of research reports. The Goldman Sachs Group lifted their price target on shares of Regions Financial from $25.00 to $28.00 and gave the company a “buy” rating in a research note on Monday, October 7th. StockNews.com raised shares of Regions Financial from a “sell” rating to a “hold” rating in a research note on Friday, October 25th. Morgan Stanley lifted their price target on Regions Financial from $25.00 to $28.00 and gave the company an “overweight” rating in a research note on Tuesday, July 30th. Wedbush upped their price objective on Regions Financial from $28.00 to $30.00 and gave the stock an “outperform” rating in a research report on Monday, October 21st. Finally, DA Davidson lifted their target price on Regions Financial from $27.00 to $29.00 and gave the company a “buy” rating in a research report on Monday, October 21st.

Institutional Trading of Regions Financial

Large investors have recently modified their holdings of the stock. Bessemer Group Inc. raised its position in Regions Financial by 281.7% during the first quarter. Bessemer Group Inc. now owns 79,593 shares of the bank’s stock valued at $1,675,000 after purchasing an additional 58,739 shares in the last quarter. UniSuper Management Pty Ltd increased its stake in shares of Regions Financial by 1,075.7% in the 1st quarter. UniSuper Management Pty Ltd now owns 44,781 shares of the bank’s stock valued at $942,000 after purchasing an additional 40,972 shares during the last quarter. Swedbank AB acquired a new position in shares of Regions Financial during the 1st quarter worth $19,322,000. National Pension Service lifted its position in shares of Regions Financial by 6.3% during the 3rd quarter. National Pension Service now owns 1,722,024 shares of the bank’s stock worth $40,175,000 after buying an additional 102,380 shares during the last quarter. Finally, DekaBank Deutsche Girozentrale boosted its stake in Regions Financial by 47.7% in the first quarter. DekaBank Deutsche Girozentrale now owns 275,757 shares of the bank’s stock valued at $5,666,000 after buying an additional 89,045 shares in the last quarter. 79.39% of the stock is owned by institutional investors and hedge funds.

Regions Financial Price Performance

Shares of RF stock opened at $26.26 on Thursday. The company has a quick ratio of 0.83, a current ratio of 0.84 and a debt-to-equity ratio of 0.35. Regions Financial has a 12-month low of $15.79 and a 12-month high of $26.73. The firm has a fifty day moving average of $23.77 and a 200-day moving average of $21.70. The firm has a market capitalization of $23.87 billion, a price-to-earnings ratio of 14.84, a price-to-earnings-growth ratio of 2.76 and a beta of 1.16.

Regions Financial (NYSE:RF) last posted its earnings results on Friday, October 18th. The bank reported $0.49 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.53 by ($0.04). The business had revenue of $1.79 billion during the quarter, compared to analyst estimates of $1.80 billion. Regions Financial had a net margin of 18.78% and a return on equity of 12.60%. The firm’s revenue was down 3.7% on a year-over-year basis. During the same period in the previous year, the firm posted $0.49 earnings per share. On average, equities research analysts forecast that Regions Financial will post 2.1 earnings per share for the current year.

Regions Financial Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, January 2nd. Shareholders of record on Monday, December 2nd will be issued a $0.25 dividend. The ex-dividend date of this dividend is Monday, December 2nd. This represents a $1.00 annualized dividend and a yield of 3.81%. Regions Financial’s dividend payout ratio is presently 56.50%.

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.