Regions Financial (NYSE:RF) Stock Price Crosses Above Two Hundred Day Moving Average – Here’s What Happened

Shares of Regions Financial Co. (NYSE:RFGet Free Report) crossed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $23.00 and traded as high as $23.85. Regions Financial shares last traded at $23.52, with a volume of 7,412,465 shares traded.

Wall Street Analyst Weigh In

RF has been the subject of several recent research reports. Citigroup increased their price objective on shares of Regions Financial from $26.00 to $30.00 and gave the stock a “buy” rating in a research report on Thursday, November 21st. Compass Point increased their price objective on shares of Regions Financial from $25.00 to $31.00 and gave the stock a “buy” rating in a research report on Tuesday, December 10th. StockNews.com raised shares of Regions Financial from a “sell” rating to a “hold” rating in a research report on Friday, October 25th. Piper Sandler increased their price objective on shares of Regions Financial from $25.00 to $29.00 and gave the stock a “neutral” rating in a research report on Tuesday, December 3rd. Finally, The Goldman Sachs Group increased their price objective on shares of Regions Financial from $29.00 to $33.00 and gave the stock a “buy” rating in a research report on Tuesday, November 26th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and eleven have given a buy rating to the stock. Based on data from MarketBeat, Regions Financial currently has a consensus rating of “Moderate Buy” and an average price target of $27.61.

Get Our Latest Analysis on Regions Financial

Regions Financial Stock Down 0.6 %

The company has a current ratio of 0.84, a quick ratio of 0.83 and a debt-to-equity ratio of 0.35. The stock has a market capitalization of $21.38 billion, a P/E ratio of 13.29, a P/E/G ratio of 2.64 and a beta of 1.19. The stock’s 50 day simple moving average is $25.20 and its 200 day simple moving average is $23.00.

Regions Financial (NYSE:RFGet Free Report) last posted its quarterly earnings data on Friday, October 18th. The bank reported $0.49 EPS for the quarter, missing analysts’ consensus estimates of $0.53 by ($0.04). Regions Financial had a net margin of 18.78% and a return on equity of 12.60%. The company had revenue of $1.79 billion for the quarter, compared to the consensus estimate of $1.80 billion. During the same quarter last year, the company earned $0.49 earnings per share. The company’s revenue was down 3.7% compared to the same quarter last year. As a group, research analysts predict that Regions Financial Co. will post 2.12 EPS for the current fiscal year.

Regions Financial Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, January 2nd. Stockholders of record on Monday, December 2nd will be given a $0.25 dividend. The ex-dividend date is Monday, December 2nd. This represents a $1.00 dividend on an annualized basis and a dividend yield of 4.25%. Regions Financial’s payout ratio is currently 56.50%.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the business. Citigroup Inc. lifted its position in shares of Regions Financial by 20.0% in the 3rd quarter. Citigroup Inc. now owns 1,519,299 shares of the bank’s stock worth $35,445,000 after buying an additional 253,708 shares during the last quarter. Commerce Bank lifted its position in shares of Regions Financial by 392.5% in the 3rd quarter. Commerce Bank now owns 248,325 shares of the bank’s stock worth $5,793,000 after buying an additional 197,900 shares during the last quarter. National Pension Service increased its holdings in shares of Regions Financial by 6.3% in the 3rd quarter. National Pension Service now owns 1,722,024 shares of the bank’s stock worth $40,175,000 after acquiring an additional 102,380 shares during the period. DRW Securities LLC acquired a new stake in shares of Regions Financial in the 3rd quarter worth about $1,659,000. Finally, National Bank of Canada FI increased its holdings in shares of Regions Financial by 575.8% in the 3rd quarter. National Bank of Canada FI now owns 1,705,273 shares of the bank’s stock worth $39,784,000 after acquiring an additional 1,452,956 shares during the period. 79.39% of the stock is currently owned by institutional investors.

Regions Financial Company Profile

(Get Free Report)

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.

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