Regions Financial (NYSE:RF) Price Target Raised to $30.00

Regions Financial (NYSE:RF) had its price objective hoisted by equities research analysts at Citigroup from $26.00 to $30.00 in a report issued on Thursday,Benzinga reports. The brokerage currently has a “buy” rating on the bank’s stock. Citigroup’s price objective would suggest a potential upside of 12.61% from the company’s previous close.

A number of other equities analysts also recently commented on the company. The Goldman Sachs Group increased their price objective on Regions Financial from $25.00 to $28.00 and gave the stock a “buy” rating in a report on Monday, October 7th. StockNews.com upgraded shares of Regions Financial from a “sell” rating to a “hold” rating in a report on Friday, October 25th. Barclays upped their price objective on shares of Regions Financial from $22.00 to $25.00 and gave the stock an “underweight” rating in a report on Monday, October 21st. Evercore ISI raised their target price on Regions Financial from $24.50 to $26.00 and gave the company an “in-line” rating in a report on Wednesday, October 2nd. Finally, DA Davidson upped their price target on Regions Financial from $27.00 to $29.00 and gave the stock a “buy” rating in a research note on Monday, October 21st. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and eleven have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $26.41.

Regions Financial Stock Up 1.4 %

Regions Financial stock traded up $0.38 during trading hours on Thursday, hitting $26.64. The company had a trading volume of 1,195,870 shares, compared to its average volume of 7,903,937. Regions Financial has a fifty-two week low of $15.79 and a fifty-two week high of $26.73. The company has a debt-to-equity ratio of 0.35, a current ratio of 0.84 and a quick ratio of 0.83. The firm has a market capitalization of $24.21 billion, a P/E ratio of 15.01, a price-to-earnings-growth ratio of 2.72 and a beta of 1.16. The firm’s fifty day moving average is $23.85 and its 200-day moving average is $21.74.

Regions Financial (NYSE:RF) 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). Regions Financial had a return on equity of 12.60% and a net margin of 18.78%. The firm had revenue of $1.79 billion for the quarter, compared to analysts’ expectations of $1.80 billion. During the same quarter in the prior year, the business posted $0.49 earnings per share. Regions Financial’s revenue was down 3.7% on a year-over-year basis. On average, research analysts forecast that Regions Financial will post 2.12 earnings per share for the current year.

Hedge Funds Weigh In On Regions Financial

Hedge funds have recently made changes to their positions in the business. Bessemer Group Inc. boosted its stake in Regions Financial by 281.7% in the 1st quarter. Bessemer Group Inc. now owns 79,593 shares of the bank’s stock valued at $1,675,000 after buying an additional 58,739 shares in the last quarter. UniSuper Management Pty Ltd grew its holdings 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 worth $942,000 after purchasing an additional 40,972 shares during the last quarter. Swedbank AB acquired a new stake in shares of Regions Financial during the 1st quarter worth about $19,322,000. National Pension Service lifted its holdings in Regions Financial by 6.3% during the 3rd quarter. National Pension Service now owns 1,722,024 shares of the bank’s stock valued at $40,175,000 after purchasing an additional 102,380 shares during the last quarter. Finally, DekaBank Deutsche Girozentrale boosted its position 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. Institutional investors and hedge funds own 79.39% of the company’s stock.

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.