Regions Financial (NYSE:RF) Announces Earnings Results

Regions Financial (NYSE:RF) announced its quarterly earnings results on Friday. The bank reported $0.56 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.55 by $0.01, RTT News reports. The business had revenue of $1.82 billion for the quarter, compared to the consensus estimate of $1,857,300 billion. Regions Financial had a return on equity of 12.60% and a net margin of 18.78%. The business’s revenue was up .2% compared to the same quarter last year. During the same period last year, the business posted $0.39 EPS.

Regions Financial Stock Down 0.7 %

Shares of RF opened at $24.53 on Friday. The stock’s 50-day moving average price is $25.14 and its 200-day moving average price is $23.34. 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 company has a market capitalization of $22.29 billion, a price-to-earnings ratio of 13.86, a PEG ratio of 2.21 and a beta of 1.21. Regions Financial has a 52 week low of $17.42 and a 52 week high of $27.96.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on RF shares. Citigroup raised their price objective on Regions Financial from $26.00 to $30.00 and gave the company a “buy” rating in a research report on Thursday, November 21st. Piper Sandler upped their price target on Regions Financial from $25.00 to $29.00 and gave the stock a “neutral” rating in a research report on Tuesday, December 3rd. Truist Financial raised Regions Financial to a “hold” rating in a research report on Monday, January 6th. Argus raised Regions Financial from a “hold” rating to a “buy” rating and set a $26.00 target price on the stock in a research report on Thursday, October 24th. Finally, Deutsche Bank Aktiengesellschaft raised Regions Financial from a “hold” rating to a “buy” rating and raised their price target for the stock from $24.00 to $26.00 in a report on Thursday, October 24th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and eleven have assigned a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $27.67.

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.