Regions Financial (NYSE:RF) Given New $26.00 Price Target at Truist Financial

Regions Financial (NYSE:RF) had its target price raised by Truist Financial from $25.00 to $26.00 in a report published on Tuesday,Benzinga reports. Truist Financial currently has a hold rating on the bank’s stock.

Several other research firms also recently weighed in on RF. Deutsche Bank Aktiengesellschaft upgraded shares of Regions Financial from a “hold” rating to a “buy” rating and upped their price target for the stock from $24.00 to $26.00 in a research report on Thursday, October 24th. 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 report on Wednesday, October 2nd. Compass Point upped their price objective on Regions Financial from $25.00 to $31.00 and gave the stock a “buy” rating in a research report on Tuesday, December 10th. Morgan Stanley reaffirmed an “equal weight” rating and issued a $32.00 target price (up from $28.00) on shares of Regions Financial in a report on Monday, December 9th. Finally, Wedbush raised their price objective on shares of Regions Financial from $28.00 to $30.00 and gave the company an “outperform” rating in a research note on Monday, October 21st. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and eleven have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $27.67.

Regions Financial Stock Up 1.9 %

NYSE:RF opened at $24.65 on Tuesday. The company has a 50-day moving average of $25.07 and a 200 day moving average of $23.44. Regions Financial has a 1-year low of $17.42 and a 1-year high of $27.96. The firm has a market cap of $22.41 billion, a PE ratio of 12.71, a price-to-earnings-growth ratio of 2.31 and a beta of 1.21. The company has a debt-to-equity ratio of 0.37, a current ratio of 0.84 and a quick ratio of 0.83.

Regions Financial (NYSE:RF) last posted its quarterly earnings data on Friday, January 17th. The bank reported $0.56 earnings per share for the quarter, topping analysts’ consensus estimates of $0.55 by $0.01. Regions Financial had a return on equity of 12.83% and a net margin of 20.20%. The firm had revenue of $1.82 billion during the quarter, compared to analysts’ expectations of $1,857,300 billion. During the same quarter last year, the firm earned $0.39 EPS. The business’s quarterly revenue was up .2% on a year-over-year basis. As a group, research analysts anticipate that Regions Financial will post 2.27 EPS for the current fiscal year.

Institutional Investors Weigh In On Regions Financial

Institutional investors have recently modified their holdings of the stock. American National Bank & Trust increased its holdings in Regions Financial by 1,856.7% in the third quarter. American National Bank & Trust now owns 1,174 shares of the bank’s stock valued at $27,000 after buying an additional 1,114 shares during the last quarter. Quarry LP increased its holdings in shares of Regions Financial by 157.2% in 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 during the last quarter. Truvestments Capital LLC bought a new position in Regions Financial during the third quarter worth $37,000. Legacy Investment Solutions LLC acquired a new position in Regions Financial in the third quarter worth $37,000. Finally, Bruce G. Allen Investments LLC increased its stake in Regions Financial by 163.1% during the third quarter. Bruce G. Allen Investments LLC now owns 2,392 shares of the bank’s stock valued at $56,000 after purchasing an additional 1,483 shares during the last quarter. Institutional investors and hedge funds own 79.39% of the company’s stock.

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.