DA Davidson Increases Regions Financial (NYSE:RF) Price Target to $29.00

Regions Financial (NYSE:RF) had its price target hoisted by investment analysts at DA Davidson from $27.00 to $29.00 in a research note issued to investors on Monday, Benzinga reports. The brokerage currently has a “buy” rating on the bank’s stock. DA Davidson’s price objective indicates a potential upside of 22.67% from the company’s current price. DA Davidson also issued estimates for Regions Financial’s Q4 2024 earnings at $0.56 EPS, FY2024 earnings at $2.10 EPS and FY2025 earnings at $2.29 EPS.

Several other research analysts also recently commented on RF. Barclays lifted their price objective on Regions Financial from $22.00 to $25.00 and gave the stock an “underweight” rating in a report on Monday. Keefe, Bruyette & Woods decreased their price target on Regions Financial from $22.00 to $21.00 and set a “market perform” rating on the stock in a research note on Tuesday, July 9th. StockNews.com downgraded Regions Financial from a “hold” rating to a “sell” rating in a research report on Thursday, October 17th. Wedbush upgraded shares of Regions Financial from a “neutral” rating to an “outperform” rating and raised their target price for the stock from $23.00 to $28.00 in a report on Tuesday, September 24th. Finally, Jefferies Financial Group increased their price target on shares of Regions Financial from $22.00 to $24.00 and gave the company a “buy” rating in a research report on Wednesday, July 3rd. Two investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat.com, Regions Financial currently has an average rating of “Hold” and a consensus target price of $23.64.

Regions Financial Stock Performance

NYSE:RF opened at $23.64 on Monday. The company has a market capitalization of $21.65 billion, a price-to-earnings ratio of 12.85, a PEG ratio of 2.80 and a beta of 1.17. The business has a 50 day moving average of $22.76 and a 200 day moving average of $20.94. The company has a debt-to-equity ratio of 0.33, a current ratio of 0.83 and a quick ratio of 0.83. Regions Financial has a 1-year low of $13.72 and a 1-year high of $24.47.

Regions Financial (NYSE:RF) last posted 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 for the quarter, compared to analysts’ expectations of $1.80 billion. Regions Financial had a return on equity of 12.64% and a net margin of 18.91%. The company’s revenue was down 3.7% compared to the same quarter last year. During the same period last year, the business posted $0.49 earnings per share. On average, sell-side analysts predict that Regions Financial will post 2.02 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Regions Financial

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. EntryPoint Capital LLC purchased a new stake in shares of Regions Financial in the 1st quarter worth about $26,000. American National Bank & Trust boosted its stake in Regions Financial by 1,856.7% during the third quarter. American National Bank & Trust now owns 1,174 shares of the bank’s stock worth $27,000 after acquiring an additional 1,114 shares in the last quarter. Quarry LP grew its holdings in Regions Financial by 157.2% in the second quarter. Quarry LP now owns 1,335 shares of the bank’s stock worth $27,000 after purchasing an additional 816 shares during the period. MV Capital Management Inc. increased its stake in shares of Regions Financial by 75.6% during the first quarter. MV Capital Management Inc. now owns 1,435 shares of the bank’s stock valued at $30,000 after purchasing an additional 618 shares in the last quarter. Finally, Whittier Trust Co. of Nevada Inc. lifted its holdings in shares of Regions Financial by 530.0% during the second quarter. Whittier Trust Co. of Nevada Inc. now owns 1,493 shares of the bank’s stock valued at $30,000 after purchasing an additional 1,256 shares during the last quarter. Hedge funds and other institutional investors own 79.39% of the company’s stock.

About Regions Financial

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.