Regions Financial (NYSE:RF) PT Raised to $21.00

Regions Financial (NYSE:RF) had its target price boosted by research analysts at Piper Sandler from $20.00 to $21.00 in a research note issued on Friday, Benzinga reports. The firm currently has a “neutral” rating on the bank’s stock. Piper Sandler’s price objective indicates a potential upside of 5.74% from the company’s current price.

RF has been the topic of a number of other reports. Stephens reiterated an “equal weight” rating and set a $21.00 price objective on shares of Regions Financial in a research note on Tuesday, January 23rd. Royal Bank of Canada lifted their target price on Regions Financial from $19.00 to $21.00 and gave the stock an “outperform” rating in a research report on Monday, January 22nd. StockNews.com lowered Regions Financial from a “hold” rating to a “sell” rating in a research report on Tuesday, February 6th. Morgan Stanley lowered their price objective on shares of Regions Financial from $27.00 to $25.00 and set an “overweight” rating for the company in a research report on Monday. Finally, Citigroup raised shares of Regions Financial from a “neutral” rating to a “buy” rating and raised their target price for the stock from $20.00 to $23.00 in a report on Monday, March 18th. Two investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $20.34.

Regions Financial Trading Up 1.3 %

Shares of RF stock traded up $0.25 during mid-day trading on Friday, reaching $19.86. The company’s stock had a trading volume of 661,788 shares, compared to its average volume of 8,729,711. The company has a quick ratio of 0.82, a current ratio of 0.83 and a debt-to-equity ratio of 0.22. Regions Financial has a 12-month low of $13.72 and a 12-month high of $21.08. The firm has a market capitalization of $18.25 billion, a PE ratio of 10.81, a price-to-earnings-growth ratio of 1.45 and a beta of 1.21. The company’s 50 day simple moving average is $19.41 and its 200-day simple moving average is $18.07.

Regions Financial (NYSE:RF) last announced its earnings results on Friday, April 19th. The bank reported $0.37 earnings per share for the quarter, missing the consensus estimate of $0.45 by ($0.08). Regions Financial had a net margin of 19.75% and a return on equity of 13.28%. The firm had revenue of $1.75 billion during the quarter, compared to analysts’ expectations of $1.75 billion. During the same quarter last year, the company posted $0.62 earnings per share. Regions Financial’s revenue for the quarter was down 10.5% compared to the same quarter last year. On average, research analysts predict that Regions Financial will post 1.95 EPS for the current fiscal year.

Insider Buying and Selling at Regions Financial

In other Regions Financial news, Director William C. Rhodes III bought 50,000 shares of the company’s stock in a transaction that occurred on Tuesday, April 23rd. The shares were acquired at an average cost of $19.37 per share, for a total transaction of $968,500.00. Following the acquisition, the director now directly owns 50,000 shares of the company’s stock, valued at $968,500. The purchase was disclosed in a document filed with the SEC, which is available at the SEC website. 0.33% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in RF. Moisand Fitzgerald Tamayo LLC acquired a new position in shares of Regions Financial in the 3rd quarter valued at about $26,000. Laurel Wealth Advisors LLC boosted its stake in shares of Regions Financial by 86.5% during the 4th quarter. Laurel Wealth Advisors LLC now owns 1,399 shares of the bank’s stock valued at $27,000 after buying an additional 649 shares during the period. ICA Group Wealth Management LLC acquired a new position in shares of Regions Financial in the fourth quarter worth $28,000. Sound Income Strategies LLC boosted its position in Regions Financial by 103.2% during the fourth quarter. Sound Income Strategies LLC now owns 1,477 shares of the bank’s stock valued at $29,000 after purchasing an additional 750 shares during the last quarter. Finally, Glassman Wealth Services raised its stake in shares of Regions Financial by 163.3% during the 4th quarter. Glassman Wealth Services now owns 1,559 shares of the bank’s stock worth $30,000 after purchasing an additional 967 shares in the last quarter. 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.