Regions Financial (NYSE:RF) Price Target Raised to $26.00

Regions Financial (NYSE:RF) had its price objective boosted by Barclays from $25.00 to $26.00 in a research note released on Monday morning,Benzinga reports. The brokerage currently has an underweight rating on the bank’s stock.

RF has been the subject of a number of other research reports. Wedbush boosted their price objective on Regions Financial from $28.00 to $30.00 and gave the company an “outperform” rating in a research report on Monday, October 21st. The Goldman Sachs Group boosted their price target on shares of Regions Financial from $29.00 to $33.00 and gave the company a “buy” rating in a report on Tuesday, November 26th. Argus raised shares of Regions Financial from a “hold” rating to a “buy” rating and set a $26.00 price objective on the stock in a report on Thursday, October 24th. Citigroup boosted their target price on shares of Regions Financial from $26.00 to $30.00 and gave the company a “buy” rating in a research note on Thursday, November 21st. Finally, Stephens upgraded shares of Regions Financial from an “equal weight” rating to an “overweight” rating and set a $26.00 target price for the company in a research report on Tuesday, October 29th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and eleven have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Regions Financial has an average rating of “Moderate Buy” and a consensus price target of $27.67.

Regions Financial Stock Down 0.2 %

RF stock opened at $23.81 on Monday. The firm has a market cap of $21.64 billion, a price-to-earnings ratio of 13.45, a PEG ratio of 2.61 and a beta of 1.19. Regions Financial has a 1-year low of $17.42 and a 1-year high of $27.96. The firm has a fifty day moving average price of $25.19 and a two-hundred day moving average price of $23.17. The company has a debt-to-equity ratio of 0.35, a current ratio of 0.84 and a quick ratio of 0.83.

Regions Financial (NYSE:RF) last released its quarterly earnings data on Friday, October 18th. The bank reported $0.49 earnings per share 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 business had revenue of $1.79 billion for the quarter, compared to analyst estimates of $1.80 billion. During the same quarter last year, the company earned $0.49 EPS. Regions Financial’s revenue was down 3.7% compared to the same quarter last year. Research analysts predict that Regions Financial will post 2.12 EPS for the current year.

Regions Financial Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, January 2nd. Investors of record on Monday, December 2nd were issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 4.20%. The ex-dividend date of this dividend was Monday, December 2nd. Regions Financial’s payout ratio is 56.50%.

Institutional Investors Weigh In On Regions Financial

A number of institutional investors and hedge funds have recently modified their holdings of RF. American National Bank & Trust increased its stake in Regions Financial by 1,856.7% in the 3rd quarter. American National Bank & Trust now owns 1,174 shares of the bank’s stock worth $27,000 after purchasing an additional 1,114 shares in the last quarter. Quarry LP lifted its stake in Regions Financial by 157.2% during the second quarter. Quarry LP now owns 1,335 shares of the bank’s stock valued at $27,000 after buying an additional 816 shares in the last quarter. Truvestments Capital LLC acquired a new position in shares of Regions Financial in the third quarter worth about $37,000. Legacy Investment Solutions LLC purchased a new position in shares of Regions Financial in the third quarter worth approximately $37,000. Finally, Benjamin Edwards Inc. raised its holdings in shares of Regions Financial by 47.0% during the second quarter. Benjamin Edwards Inc. now owns 2,027 shares of the bank’s stock valued at $41,000 after acquiring an additional 648 shares during the period. 79.39% of the stock is owned by institutional investors and hedge funds.

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.