Evercore ISI Raises Regions Financial (NYSE:RF) Price Target to $26.00

Regions Financial (NYSE:RF) had its price objective hoisted by equities researchers at Evercore ISI from $24.50 to $26.00 in a research note issued to investors on Wednesday, Benzinga reports. The brokerage currently has an “in-line” rating on the bank’s stock. Evercore ISI’s target price suggests a potential upside of 13.84% from the stock’s current price.

RF has been the topic of several other reports. Morgan Stanley lifted 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. Citigroup boosted their target price on shares of Regions Financial from $25.00 to $26.00 and gave the stock a “buy” rating in a research report on Thursday, September 19th. Wedbush upgraded Regions Financial from a “neutral” rating to an “outperform” rating and lifted their price target for the stock from $23.00 to $28.00 in a research note on Tuesday, September 24th. Truist Financial upped their price objective on Regions Financial from $23.00 to $25.00 and gave the company a “hold” rating in a research note on Friday, September 20th. Finally, Jefferies Financial Group lifted their target price on Regions Financial from $22.00 to $24.00 and gave the stock a “buy” rating in a research report on Wednesday, July 3rd. One analyst has rated the stock with a sell rating, twelve have assigned a hold rating and six have assigned a buy rating to the stock. According to MarketBeat, Regions Financial presently has a consensus rating of “Hold” and a consensus price target of $22.36.

Regions Financial Trading Up 1.3 %

Shares of Regions Financial stock traded up $0.30 during trading hours on Wednesday, hitting $22.84. The company’s stock had a trading volume of 1,226,849 shares, compared to its average volume of 7,920,194. Regions Financial has a 1-year low of $13.72 and a 1-year high of $23.47. The business has a fifty day moving average of $22.20 and a 200 day moving average of $20.60. The company has a quick ratio of 0.83, a current ratio of 0.83 and a debt-to-equity ratio of 0.33. The company has a market capitalization of $20.92 billion, a PE ratio of 12.41, a P/E/G ratio of 2.95 and a beta of 1.17.

Regions Financial (NYSE:RF) last posted its earnings results on Friday, July 19th. The bank reported $0.52 EPS for the quarter, topping analysts’ consensus estimates of $0.49 by $0.03. Regions Financial had a net margin of 18.91% and a return on equity of 12.64%. The business had revenue of $1.73 billion for the quarter, compared to analysts’ expectations of $1.76 billion. During the same period in the previous year, the company posted $0.59 earnings per share. The business’s revenue for the quarter was down 11.5% compared to the same quarter last year. As a group, equities analysts forecast that Regions Financial will post 2.01 EPS for the current year.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the company. EntryPoint Capital LLC acquired a new position in Regions Financial in the first quarter valued at about $26,000. Quarry LP increased its position 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 buying an additional 816 shares in the last quarter. MV Capital Management Inc. increased its holdings in shares of Regions Financial by 75.6% in 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 in the last quarter. Whittier Trust Co. of Nevada Inc. raised its holdings in Regions Financial by 530.0% during the 2nd quarter. Whittier Trust Co. of Nevada Inc. now owns 1,493 shares of the bank’s stock worth $30,000 after buying an additional 1,256 shares during the period. Finally, Innealta Capital LLC bought a new position in Regions Financial in the second quarter valued at approximately $32,000. 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.