Regions Financial (NYSE:RF) PT Raised to $25.00 at Barclays

Regions Financial (NYSE:RF) had its target price lifted by Barclays from $22.00 to $25.00 in a research report issued to clients and investors on Monday, Benzinga reports. The firm presently has an “underweight” rating on the bank’s stock. Barclays‘s price objective suggests a potential upside of 5.75% from the stock’s current price.

RF has been the subject of a number of other research reports. Bank of America upped their price target on Regions Financial from $22.00 to $25.00 and gave the stock a “neutral” rating in a research report on Monday, July 22nd. Jefferies Financial Group raised their price objective on shares of Regions Financial from $22.00 to $24.00 and gave the company a “buy” rating in a research report on Wednesday, July 3rd. Morgan Stanley upped their target price on shares of Regions Financial from $25.00 to $28.00 and gave the stock an “overweight” rating in a report on Tuesday, July 30th. Wells Fargo & Company raised their price target on Regions Financial from $18.00 to $22.00 and gave the company an “equal weight” rating in a report on Monday, July 22nd. Finally, Royal Bank of Canada upped their price objective on Regions Financial from $21.00 to $23.00 and gave the stock an “outperform” rating in a research note on Monday, July 22nd. Two investment analysts have rated the stock with a sell rating, eleven have given a hold rating and seven have issued a buy rating to the stock. According to MarketBeat, Regions Financial presently has an average rating of “Hold” and an average target price of $23.64.

Regions Financial Stock Up 0.0 %

Shares of Regions Financial stock opened at $23.64 on Monday. The company has a quick ratio of 0.83, a current ratio of 0.83 and a debt-to-equity ratio of 0.33. Regions Financial has a twelve month low of $13.72 and a twelve month high of $24.47. The company has a market cap of $21.65 billion, a price-to-earnings ratio of 12.85, a price-to-earnings-growth ratio of 2.80 and a beta of 1.17. The company’s 50 day moving average is $22.76 and its 200 day moving average is $20.94.

Regions Financial (NYSE:RF) last released its quarterly earnings results on Friday, October 18th. The bank reported $0.49 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.53 by ($0.04). The firm had revenue of $1.79 billion during the quarter, compared to analysts’ expectations of $1.80 billion. Regions Financial had a return on equity of 12.64% and a net margin of 18.91%. The business’s quarterly revenue was down 3.7% on a year-over-year basis. During the same quarter last year, the business earned $0.49 earnings per share. Research analysts anticipate that Regions Financial will post 2.02 EPS for the current year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the company. Cincinnati Insurance Co. bought a new position in shares of Regions Financial during the first quarter valued at approximately $74,606,000. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH purchased a new position in Regions Financial during the 1st quarter valued at $33,829,000. Allspring Global Investments Holdings LLC grew its position in Regions Financial by 13.3% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 8,625,734 shares of the bank’s stock valued at $201,238,000 after acquiring an additional 1,014,706 shares during the last quarter. Dimensional Fund Advisors LP increased its stake in Regions Financial by 7.4% in the second quarter. Dimensional Fund Advisors LP now owns 14,252,693 shares of the bank’s stock worth $285,562,000 after purchasing an additional 979,597 shares during the period. Finally, Swedbank AB bought a new stake in shares of Regions Financial during the first quarter worth $19,322,000. 79.39% of the stock is owned by hedge funds and other institutional investors.

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.