Analysts Set Regions Financial Co. (NYSE:RF) Target Price at $25.94

Shares of Regions Financial Co. (NYSE:RF) have received a consensus recommendation of “Moderate Buy” from the seventeen ratings firms that are presently covering the company, Marketbeat reports. One analyst has rated the stock with a sell rating, five have given a hold rating and eleven have assigned a buy rating to the company. The average twelve-month price objective among brokerages that have issued a report on the stock in the last year is $26.18.

A number of research analysts have recently issued reports on RF shares. Stephens upgraded shares of Regions Financial from an “equal weight” rating to an “overweight” rating and set a $26.00 price target on the stock in a research note on Tuesday, October 29th. Citigroup raised their price target on Regions Financial from $25.00 to $26.00 and gave the company a “buy” rating in a report on Thursday, September 19th. Morgan Stanley upped their price objective on Regions Financial from $25.00 to $28.00 and gave the stock an “overweight” rating in a report on Tuesday, July 30th. StockNews.com raised Regions Financial from a “sell” rating to a “hold” rating in a report on Friday, October 25th. Finally, Keefe, Bruyette & Woods raised shares of Regions Financial from a “market perform” rating to an “outperform” rating and upped their price target for the stock from $27.00 to $28.00 in a research note on Thursday, October 31st.

Hedge Funds Weigh In On Regions Financial

A number of institutional investors have recently made changes to their positions in the business. Quarry LP grew its position in shares of Regions Financial by 29.5% during the 3rd quarter. Quarry LP now owns 1,729 shares of the bank’s stock valued at $40,000 after buying an additional 394 shares during the last quarter. Private Advisor Group LLC boosted its stake in Regions Financial by 1.8% during the 3rd quarter. Private Advisor Group LLC now owns 24,928 shares of the bank’s stock valued at $581,000 after purchasing an additional 429 shares during the period. CWM LLC grew its position in Regions Financial by 1.1% in the 3rd quarter. CWM LLC now owns 42,346 shares of the bank’s stock worth $988,000 after purchasing an additional 480 shares during the last quarter. Resonant Capital Advisors LLC raised its holdings in shares of Regions Financial by 2.4% during the third quarter. Resonant Capital Advisors LLC now owns 21,845 shares of the bank’s stock valued at $515,000 after buying an additional 506 shares during the last quarter. Finally, Centaurus Financial Inc. increased its position in Regions Financial by 5.9% in the 3rd quarter. Centaurus Financial Inc. now owns 9,768 shares of the bank’s stock valued at $228,000 after acquiring an additional 540 shares during the period. 79.39% of the stock is owned by institutional investors and hedge funds.

Regions Financial Trading Up 0.3 %

Shares of Regions Financial stock opened at $26.36 on Thursday. The company has a current ratio of 0.84, a quick ratio of 0.83 and a debt-to-equity ratio of 0.35. The company has a fifty day simple moving average of $23.61 and a 200-day simple moving average of $21.58. The stock has a market cap of $23.96 billion, a price-to-earnings ratio of 14.89, a PEG ratio of 2.73 and a beta of 1.16. Regions Financial has a 12-month low of $15.79 and a 12-month high of $26.73.

Regions Financial (NYSE:RF) last posted 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 net margin of 18.78% and a return on equity of 12.60%. 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 previous year, the company posted $0.49 earnings per share. Regions Financial’s revenue was down 3.7% compared to the same quarter last year. On average, equities analysts forecast that Regions Financial will post 2.1 EPS for the current fiscal year.

Regions Financial Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, January 2nd. Investors of record on Monday, December 2nd will be paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 3.79%. The ex-dividend date of this dividend is Monday, December 2nd. Regions Financial’s dividend payout ratio (DPR) is 56.50%.

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.