Regions Financial (NYSE:RF) Stock Price Expected to Rise, The Goldman Sachs Group Analyst Says

Regions Financial (NYSE:RF) had its price objective upped by equities research analysts at The Goldman Sachs Group from $29.00 to $33.00 in a report released on Tuesday,Benzinga reports. The firm presently has a “buy” rating on the bank’s stock. The Goldman Sachs Group’s target price suggests a potential upside of 21.06% from the stock’s current price.

Several other analysts also recently issued reports on the stock. StockNews.com raised shares of Regions Financial from a “sell” rating to a “hold” rating in a research note on Friday, October 25th. Truist Financial raised their price objective on Regions Financial from $25.00 to $26.00 and gave the stock a “hold” rating in a research report on Monday, October 21st. Evercore ISI increased their price target on shares of Regions Financial from $24.50 to $26.00 and gave the stock an “in-line” rating in a research report on Wednesday, October 2nd. Keefe, Bruyette & Woods raised Regions Financial from a “market perform” rating to an “outperform” rating and boosted their price target for the company from $27.00 to $28.00 in a research note on Thursday, October 31st. Finally, Argus upgraded shares of Regions Financial from a “hold” rating to a “buy” rating and set a $26.00 price objective for the company in a report on Thursday, October 24th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and eleven have issued a buy rating to the company. Based on data from MarketBeat.com, Regions Financial presently has a consensus rating of “Moderate Buy” and a consensus target price of $26.71.

Regions Financial Stock Down 0.2 %

Shares of RF stock opened at $27.26 on Tuesday. Regions Financial has a 1 year low of $15.82 and a 1 year high of $27.96. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.83 and a current ratio of 0.84. The business’s fifty day moving average is $24.34 and its 200-day moving average is $22.00. The stock has a market cap of $24.78 billion, a PE ratio of 15.40, a price-to-earnings-growth ratio of 2.85 and a beta of 1.16.

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

Hedge Funds Weigh In On Regions Financial

Several large investors have recently made changes to their positions in the company. EntryPoint Capital LLC bought a new stake in shares of Regions Financial during the first quarter worth approximately $26,000. California State Teachers Retirement System grew its holdings in Regions Financial by 3.3% during the 1st quarter. California State Teachers Retirement System now owns 1,716,488 shares of the bank’s stock worth $36,115,000 after acquiring an additional 54,309 shares during the period. Tidal Investments LLC raised its position in shares of Regions Financial by 7.6% during the 1st quarter. Tidal Investments LLC now owns 104,771 shares of the bank’s stock valued at $2,204,000 after acquiring an additional 7,422 shares during the last quarter. LBP AM SA acquired a new position in shares of Regions Financial in the 1st quarter valued at $3,643,000. Finally, Heartland Bank & Trust Co acquired a new position in shares of Regions Financial in the 1st quarter valued at $210,000. 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.