Regions Financial (NYSE:RF) Raised to Outperform at Wedbush

Wedbush upgraded shares of Regions Financial (NYSE:RF) from a neutral rating to an outperform rating in a research report report published on Tuesday morning, MarketBeat.com reports. Wedbush currently has $28.00 price objective on the bank’s stock, up from their prior price objective of $23.00. Wedbush also issued estimates for Regions Financial’s FY2024 earnings at $1.90 EPS, Q1 2025 earnings at $0.52 EPS, Q4 2025 earnings at $0.59 EPS, Q1 2026 earnings at $0.59 EPS, Q2 2026 earnings at $0.62 EPS and FY2026 earnings at $2.50 EPS.

A number of other research firms have also weighed in on RF. Evercore ISI lowered their price objective on shares of Regions Financial from $22.00 to $21.00 and set an in-line rating on the stock in a research report on Tuesday, June 25th. StockNews.com upgraded shares of Regions Financial from a sell rating to a hold rating in a research report on Thursday, September 12th. Royal Bank of Canada raised their target price on Regions Financial from $21.00 to $23.00 and gave the company an outperform rating in a report on Monday, July 22nd. Bank of America raised their target price on Regions Financial from $22.00 to $25.00 and gave the company a neutral rating in a report on Monday, July 22nd. Finally, Morgan Stanley raised their target price on Regions Financial from $25.00 to $28.00 and gave the company an overweight rating in a report on Tuesday, July 30th. One equities research analyst has rated the stock with a sell rating, twelve have issued a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of Hold and an average target price of $22.06.

Regions Financial Stock Performance

NYSE:RF opened at $22.90 on Tuesday. The firm’s fifty day moving average price is $22.15 and its 200 day moving average price is $20.49. Regions Financial has a 1-year low of $13.72 and a 1-year high of $23.47. The company has a debt-to-equity ratio of 0.33, a current ratio of 0.83 and a quick ratio of 0.83. The firm has a market cap of $20.97 billion, a price-to-earnings ratio of 12.45, a price-to-earnings-growth ratio of 2.95 and a beta of 1.17.

Regions Financial (NYSE:RF) last posted its quarterly earnings data on Friday, July 19th. The bank reported $0.52 earnings per share for the quarter, beating 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 firm had revenue of $1.73 billion for the quarter, compared to analyst estimates of $1.76 billion. During the same period last year, the firm posted $0.59 EPS. Regions Financial’s quarterly revenue was down 11.5% on a year-over-year basis. On average, sell-side analysts expect that Regions Financial will post 2.01 EPS for the current year.

Regions Financial Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 1st. Investors of record on Tuesday, September 3rd will be given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 4.37%. The ex-dividend date of this dividend is Tuesday, September 3rd. This is a boost from Regions Financial’s previous quarterly dividend of $0.24. Regions Financial’s dividend payout ratio (DPR) is currently 54.35%.

Institutional Trading of Regions Financial

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. increased its position in Regions Financial by 2.7% during the 4th quarter. Vanguard Group Inc. now owns 117,704,755 shares of the bank’s stock worth $2,281,118,000 after purchasing an additional 3,119,237 shares in the last quarter. Bessemer Group Inc. increased its position in Regions Financial by 281.7% during the 1st quarter. Bessemer Group Inc. now owns 79,593 shares of the bank’s stock worth $1,675,000 after purchasing an additional 58,739 shares in the last quarter. Public Employees Retirement Association of Colorado increased its position in Regions Financial by 1,676.8% during the 4th quarter. Public Employees Retirement Association of Colorado now owns 93,711 shares of the bank’s stock worth $1,816,000 after purchasing an additional 88,437 shares in the last quarter. UniSuper Management Pty Ltd increased its position in Regions Financial by 1,075.7% during the 1st quarter. UniSuper Management Pty Ltd now owns 44,781 shares of the bank’s stock worth $942,000 after purchasing an additional 40,972 shares in the last quarter. Finally, Envestnet Portfolio Solutions Inc. increased its position in Regions Financial by 30.9% during the 1st quarter. Envestnet Portfolio Solutions Inc. now owns 415,105 shares of the bank’s stock worth $8,734,000 after purchasing an additional 98,003 shares in the last quarter. Hedge funds and other institutional investors 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.