Regions Financial (NYSE:RF) Given New $25.00 Price Target at Citigroup

Regions Financial (NYSE:RF) had its price target reduced by Citigroup from $28.00 to $25.00 in a report issued on Monday,Benzinga reports. They currently have a buy rating on the bank’s stock.

Several other research firms also recently issued reports on RF. Barclays increased their target price on Regions Financial from $25.00 to $26.00 and gave the stock an “underweight” rating in a research report on Monday, January 6th. The Goldman Sachs Group increased their price objective on Regions Financial from $29.00 to $33.00 and gave the stock a “buy” rating in a report on Tuesday, November 26th. Piper Sandler lifted their target price on Regions Financial from $25.00 to $29.00 and gave the company a “neutral” rating in a report on Tuesday, December 3rd. Morgan Stanley reiterated an “equal weight” rating and set a $32.00 price target (up from $28.00) on shares of Regions Financial in a research report on Monday, December 9th. Finally, Truist Financial cut their price objective on shares of Regions Financial from $26.00 to $24.00 and set a “hold” rating for the company in a research report on Friday. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and eleven have given a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $27.28.

Regions Financial Trading Up 2.8 %

Shares of RF opened at $22.33 on Monday. Regions Financial has a fifty-two week low of $17.72 and a fifty-two week high of $27.96. The business has a 50-day moving average of $23.44 and a 200 day moving average of $23.95. The firm has a market cap of $20.21 billion, a P/E ratio of 11.51, a price-to-earnings-growth ratio of 1.93 and a beta of 1.19. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.83 and a current ratio of 0.84.

Regions Financial (NYSE:RF) last posted its earnings results 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 firm had revenue of $1.82 billion during the quarter, compared to the consensus estimate of $1.86 billion. Regions Financial had a net margin of 20.20% and a return on equity of 12.83%. The company’s revenue was up .2% on a year-over-year basis. During the same quarter last year, the company earned $0.39 earnings per share. As a group, research analysts forecast that Regions Financial will post 2.26 EPS for the current year.

Regions Financial Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 1st. Investors of record on Monday, March 3rd will be paid a $0.25 dividend. The ex-dividend date of this dividend is Monday, March 3rd. This represents a $1.00 annualized dividend and a dividend yield of 4.48%. Regions Financial’s payout ratio is presently 51.55%.

Insider Buying and Selling at Regions Financial

In related news, Director Joia M. Johnson acquired 2,300 shares of Regions Financial stock in a transaction on Tuesday, March 11th. The shares were acquired at an average cost of $21.18 per share, with a total value of $48,714.00. Following the transaction, the director now owns 17,486 shares in the company, valued at $370,353.48. This trade represents a 15.15 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Insiders acquired 3,993 shares of company stock valued at $89,682 in the last 90 days. Insiders own 0.29% of the company’s stock.

Institutional Investors Weigh In On Regions Financial

Institutional investors and hedge funds have recently modified their holdings of the stock. Y.D. More Investments Ltd raised its stake in Regions Financial by 122.9% in the fourth 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 in the last quarter. Sierra Ocean LLC purchased a new stake in Regions Financial in the fourth quarter worth $28,000. Picton Mahoney Asset Management raised its holdings in Regions Financial by 2,354.9% in the fourth 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 in the last quarter. Millstone Evans Group LLC purchased a new position in Regions Financial during the fourth quarter valued at $32,000. Finally, Truvestments Capital LLC bought a new stake in shares of Regions Financial during the 3rd quarter valued at $37,000. 79.39% of the stock is owned by hedge funds and other institutional investors.

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.