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

Regions Financial Co. (NYSE:RF) has been given a consensus recommendation of “Moderate Buy” by the eighteen analysts that are currently covering the stock, MarketBeat reports. One equities research analyst has rated the stock with a sell recommendation, six have assigned a hold recommendation and eleven have issued a buy recommendation on the company. The average 1-year price objective among analysts that have issued a report on the stock in the last year is $27.56.

A number of research firms have weighed in on RF. Barclays upped their target price on Regions Financial from $25.00 to $26.00 and gave the stock an “underweight” rating in a report on Monday, January 6th. Piper Sandler increased their price target on Regions Financial from $25.00 to $29.00 and gave the stock a “neutral” rating in a research report on Tuesday, December 3rd. The Goldman Sachs Group increased their target price on shares of Regions Financial from $29.00 to $33.00 and gave the stock a “buy” rating in a research note on Tuesday, November 26th. Citigroup lowered their target price on shares of Regions Financial from $30.00 to $28.00 and set a “buy” rating on the stock in a research note on Wednesday, March 12th. Finally, Morgan Stanley reaffirmed an “equal weight” rating and issued a $32.00 price target (up from $28.00) on shares of Regions Financial in a research note on Monday, December 9th.

Insider Transactions at Regions Financial

In related news, Director Joia M. Johnson purchased 2,300 shares of the firm’s stock in a transaction that occurred on Tuesday, March 11th. The stock was acquired at an average cost of $21.18 per share, for a total transaction of $48,714.00. Following the completion of the acquisition, the director now owns 17,486 shares in the company, valued at $370,353.48. This trade represents a 15.15 % increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders have acquired 4,523 shares of company stock valued at $102,269 in the last quarter. Insiders own 0.29% of the company’s stock.

Institutional Trading of Regions Financial

A number of institutional investors have recently added to or reduced their stakes in RF. Y.D. More Investments Ltd boosted its holdings in shares of Regions Financial by 122.9% during the 4th quarter. Y.D. More Investments Ltd now owns 1,150 shares of the bank’s stock worth $27,000 after buying an additional 634 shares during the period. Sierra Ocean LLC acquired a new position in shares of Regions Financial in the 4th quarter valued at $28,000. Picton Mahoney Asset Management grew its holdings in shares of Regions Financial by 2,354.9% in the 4th quarter. Picton Mahoney Asset Management now owns 1,252 shares of the bank’s stock worth $29,000 after purchasing an additional 1,201 shares during the last quarter. Millstone Evans Group LLC bought a new stake in shares of Regions Financial in the 4th quarter worth about $32,000. Finally, Truvestments Capital LLC bought a new stake in shares of Regions Financial in the 3rd quarter worth about $37,000. 79.39% of the stock is currently owned by institutional investors and hedge funds.

Regions Financial Price Performance

NYSE:RF opened at $21.48 on Wednesday. The company has a quick ratio of 0.83, a current ratio of 0.84 and a debt-to-equity ratio of 0.37. The business’s 50-day simple moving average is $23.57 and its two-hundred day simple moving average is $23.99. The stock has a market cap of $19.44 billion, a PE ratio of 11.07, a P/E/G ratio of 1.93 and a beta of 1.19. Regions Financial has a 52 week low of $17.72 and a 52 week high of $27.96.

Regions Financial (NYSE:RF) last issued its quarterly earnings data on Friday, January 17th. The bank reported $0.56 earnings per share for the quarter, topping the consensus estimate of $0.55 by $0.01. The company had revenue of $1.82 billion for the quarter, compared to analysts’ expectations of $1.86 billion. Regions Financial had a return on equity of 12.83% and a net margin of 20.20%. The firm’s revenue for the quarter was up .2% on a year-over-year basis. During the same period in the previous year, the firm posted $0.39 earnings per share. As a group, analysts forecast that Regions Financial will post 2.26 EPS for the current fiscal year.

Regions Financial Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 1st. Stockholders of record on Monday, March 3rd will be paid a $0.25 dividend. The ex-dividend date is Monday, March 3rd. This represents a $1.00 annualized dividend and a dividend yield of 4.66%. Regions Financial’s dividend payout ratio is currently 51.55%.

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.