Regions Financial (RF) – Analysts’ Weekly Ratings Changes

Regions Financial (NYSE: RF) recently received a number of ratings updates from brokerages and research firms:

• 10/31/2024 – Regions Financial was upgraded by analysts at Keefe, Bruyette & Woods from a “market perform” rating to an “outperform” rating. They now have a $28.00 price target on the stock, up previously from $27.00.
• 10/29/2024 – Regions Financial was upgraded by analysts at Stephens from an “equal weight” rating to an “overweight” rating. They now have a $26.00 price target on the stock.
• 10/25/2024 – Regions Financial was upgraded by analysts at StockNews.com from a “sell” rating to a “hold” rating.
• 10/24/2024 – Regions Financial was upgraded by analysts at Argus from a “hold” rating to a “buy” rating. They now have a $26.00 price target on the stock.
• 10/24/2024 – Regions Financial was upgraded by analysts at Deutsche Bank Aktiengesellschaft from a “hold” rating to a “buy” rating. They now have a $26.00 price target on the stock, up previously from $24.00.
• 10/21/2024 – Regions Financial had its price target raised by analysts at Barclays PLC from $22.00 to $25.00. They now have an “underweight” rating on the stock.
• 10/21/2024 – Regions Financial had its price target raised by analysts at Wedbush from $28.00 to $30.00. They now have an “outperform” rating on the stock.
• 10/21/2024 – Regions Financial had its price target raised by analysts at Truist Financial Co. from $25.00 to $26.00. They now have a “hold” rating on the stock.
• 10/21/2024 – Regions Financial had its price target raised by analysts at Wells Fargo & Company from $22.00 to $24.00. They now have an “equal weight” rating on the stock.
• 10/21/2024 – Regions Financial had its price target raised by analysts at DA Davidson from $27.00 to $29.00. They now have a “buy” rating on the stock.
• 10/17/2024 – Regions Financial was downgraded by analysts at StockNews.com from a “hold” rating to a “sell” rating.
• 10/7/2024 – Regions Financial had its price target raised by analysts at The Goldman Sachs Group, Inc. from $25.00 to $28.00. They now have a “buy” rating on the stock.
• 10/2/2024 – Regions Financial had its price target raised by analysts at Evercore ISI from $24.50 to $26.00. They now have an “in-line” rating on the stock.
• 9/24/2024 – Regions Financial was upgraded by analysts at Wedbush from a “neutral” rating to an “outperform” rating. They now have a $28.00 price target on the stock, up previously from $23.00.
• 9/20/2024 – Regions Financial had its price target raised by analysts at Truist Financial Co. from $23.00 to $25.00. They now have a “hold” rating on the stock.
• 9/19/2024 – Regions Financial had its price target raised by analysts at Citigroup Inc. from $25.00 to $26.00. They now have a “buy” rating on the stock.
• 9/12/2024 – Regions Financial was upgraded by analysts at StockNews.com from a “sell” rating to a “hold” rating.
• 9/3/2024 – Regions Financial was downgraded by analysts at StockNews.com from a “hold” rating to a “sell” rating.

Regions Financial Trading Down 0.8 %

NYSE RF traded down $0.19 on Thursday, reaching $23.87. 7,379,787 shares of the company were exchanged, compared to its average volume of 7,923,570. Regions Financial Co. has a fifty-two week low of $14.27 and a fifty-two week high of $24.47. The business’s fifty day moving average price is $23.04 and its 200 day moving average price is $21.10. The stock has a market capitalization of $21.84 billion, a P/E ratio of 13.49, a price-to-earnings-growth ratio of 2.54 and a beta of 1.17. The company has a current ratio of 0.84, a quick ratio of 0.83 and a debt-to-equity ratio of 0.35.

Regions Financial (NYSE:RF) last announced its quarterly earnings results on Friday, October 18th. The bank reported $0.49 EPS for the quarter, missing the consensus estimate 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 business’s revenue for the quarter was down 3.7% on a year-over-year basis. During the same period last year, the company earned $0.49 EPS. Analysts forecast that Regions Financial Co. will post 2.05 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. Shareholders of record on Monday, December 2nd will be issued a dividend of $0.25 per share. The ex-dividend date of this dividend is Monday, December 2nd. This represents a $1.00 annualized dividend and a yield of 4.19%. Regions Financial’s dividend payout ratio (DPR) is 56.50%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in RF. Sumitomo Mitsui Trust Holdings Inc. boosted its position in shares of Regions Financial by 6.5% during the 1st quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 2,822,420 shares of the bank’s stock worth $59,384,000 after acquiring an additional 171,280 shares in the last quarter. Norden Group LLC acquired a new stake in shares of Regions Financial in the 1st quarter valued at about $459,000. First Trust Direct Indexing L.P. acquired a new stake in shares of Regions Financial in the 1st quarter valued at about $204,000. J.W. Cole Advisors Inc. boosted its position in shares of Regions Financial by 6.0% in the 1st quarter. J.W. Cole Advisors Inc. now owns 25,359 shares of the bank’s stock valued at $534,000 after purchasing an additional 1,439 shares during the period. Finally, Mirae Asset Global Investments Co. Ltd. boosted its position in shares of Regions Financial by 49.2% in the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 479,770 shares of the bank’s stock valued at $9,847,000 after purchasing an additional 158,215 shares during the period. 79.39% of the stock is owned by institutional investors and hedge funds.

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.