Regions Financial Co. (NYSE:RF) Receives Average Recommendation of “Moderate Buy” from Analysts

Shares of Regions Financial Co. (NYSE:RF) have earned a consensus recommendation of “Moderate Buy” from the seventeen ratings firms that are currently covering the stock, Marketbeat.com reports. One research analyst has rated the stock with a sell recommendation, five have given a hold recommendation and eleven have issued a buy recommendation on the company. The average 1-year price objective among brokerages that have covered the stock in the last year is $27.18.

RF has been the subject of a number of research analyst reports. Evercore ISI lifted their price target on shares of Regions Financial from $24.50 to $26.00 and gave the company an “in-line” rating in a report on Wednesday, October 2nd. Barclays raised their target price on shares of Regions Financial from $22.00 to $25.00 and gave the stock an “underweight” rating in a research report on Monday, October 21st. Truist Financial boosted their price target on shares of Regions Financial from $25.00 to $26.00 and gave the company a “hold” rating in a research report on Monday, October 21st. The Goldman Sachs Group raised their price objective on shares of Regions Financial from $29.00 to $33.00 and gave the stock a “buy” rating in a report on Tuesday, November 26th. Finally, Keefe, Bruyette & Woods raised Regions Financial from a “market perform” rating to an “outperform” rating and lifted their price objective for the company from $27.00 to $28.00 in a research report on Thursday, October 31st.

Regions Financial Trading Down 0.1 %

Shares of RF opened at $26.26 on Monday. Regions Financial has a 1-year low of $16.86 and a 1-year high of $27.96. The company has a market capitalization of $23.87 billion, a P/E ratio of 14.84, a P/E/G ratio of 2.72 and a beta of 1.19. 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’s 50 day simple moving average is $24.85 and its 200 day simple moving average is $22.34.

Regions Financial (NYSE:RF) last released its quarterly earnings results on Friday, October 18th. The bank reported $0.49 earnings per share for the quarter, missing analysts’ consensus estimates of $0.53 by ($0.04). The firm had revenue of $1.79 billion for the quarter, compared to analysts’ expectations of $1.80 billion. Regions Financial had a net margin of 18.78% and a return on equity of 12.60%. The company’s revenue for the quarter was down 3.7% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.49 EPS. Sell-side analysts forecast that Regions Financial will post 2.12 earnings per share for the current fiscal year.

Regions Financial Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, January 2nd. Shareholders of record on Monday, December 2nd will be issued a dividend of $0.25 per share. The ex-dividend date is Monday, December 2nd. This represents a $1.00 dividend on an annualized basis and a yield of 3.81%. Regions Financial’s dividend payout ratio is presently 56.50%.

Institutional Investors Weigh In On Regions Financial

Several large investors have recently added to or reduced their stakes in the stock. American National Bank & Trust boosted 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 grew its stake in Regions Financial by 157.2% during the 2nd quarter. Quarry LP now owns 1,335 shares of the bank’s stock valued at $27,000 after acquiring an additional 816 shares in the last quarter. Whittier Trust Co. of Nevada Inc. grew its position in shares of Regions Financial by 530.0% in 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 in the last quarter. Truvestments Capital LLC purchased a new position in Regions Financial during the third quarter worth approximately $37,000. Finally, Legacy Investment Solutions LLC purchased a new stake in Regions Financial in the 3rd quarter valued at $37,000. 79.39% of the stock is owned by institutional investors.

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.