Regions Financial (NYSE:RF) PT Raised to $26.00

Regions Financial (NYSE:RF) had its target price boosted by analysts at Truist Financial from $25.00 to $26.00 in a research report issued on Monday, Benzinga reports. The firm currently has a “hold” rating on the bank’s stock. Truist Financial’s target price would suggest a potential upside of 9.98% from the company’s current price.

Other analysts also recently issued research reports about the company. The Goldman Sachs Group lifted their price target on Regions Financial from $25.00 to $28.00 and gave the company a “buy” rating in a research note on Monday, October 7th. Royal Bank of Canada lifted their price target on Regions Financial from $21.00 to $23.00 and gave the company an “outperform” rating in a research note on Monday, July 22nd. StockNews.com downgraded Regions Financial from a “hold” rating to a “sell” rating in a research note on Thursday, October 17th. Citigroup lifted their price target on Regions Financial from $25.00 to $26.00 and gave the company a “buy” rating in a research note on Thursday, September 19th. Finally, Evercore ISI lifted their target price on Regions Financial from $24.50 to $26.00 and gave the company an “in-line” rating in a research report on Wednesday, October 2nd. Two research analysts have rated the stock with a sell rating, eleven have given a hold rating and seven have given a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $23.64.

Regions Financial Stock Performance

RF stock opened at $23.64 on Monday. The business’s 50-day moving average price is $22.76 and its two-hundred day moving average price is $20.94. The company has a current ratio of 0.83, a quick ratio of 0.83 and a debt-to-equity ratio of 0.33. The firm has a market cap of $21.65 billion, a PE ratio of 12.85, a P/E/G ratio of 2.80 and a beta of 1.17. Regions Financial has a 1-year low of $13.72 and a 1-year high of $24.47.

Regions Financial (NYSE:RF) last released its quarterly earnings results 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 net margin of 18.91% and a return on equity of 12.64%. The firm had revenue of $1.79 billion during the quarter, compared to analyst estimates of $1.80 billion. During the same period in the prior year, the business earned $0.49 EPS. The business’s revenue for the quarter was down 3.7% compared to the same quarter last year. As a group, research analysts forecast that Regions Financial will post 2.02 earnings per share for the current year.

Institutional Investors Weigh In On Regions Financial

Institutional investors have recently made changes to their positions in the company. EntryPoint Capital LLC bought a new stake in shares of Regions Financial during the first quarter worth approximately $26,000. American National Bank & Trust boosted its holdings in shares of 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 during the period. Quarry LP boosted its holdings in shares of Regions Financial by 157.2% during the second quarter. Quarry LP now owns 1,335 shares of the bank’s stock worth $27,000 after acquiring an additional 816 shares during the period. MV Capital Management Inc. boosted its holdings 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 worth $30,000 after acquiring an additional 618 shares during the period. Finally, Whittier Trust Co. of Nevada Inc. boosted 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 worth $30,000 after acquiring an additional 1,256 shares during the period. 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.