Regions Financial (NYSE:RF) PT Raised to $25.00 at Truist Financial

Regions Financial (NYSE:RF) had its target price lifted by equities research analysts at Truist Financial from $23.00 to $25.00 in a research report issued to clients and investors on Friday, Benzinga reports. The firm currently has a “hold” rating on the bank’s stock. Truist Financial’s target price suggests a potential upside of 8.18% from the stock’s current price.

Other analysts also recently issued reports about the company. Morgan Stanley upped their target price on Regions Financial from $25.00 to $28.00 and gave the company an “overweight” rating in a research report on Tuesday, July 30th. Royal Bank of Canada upped their target price on Regions Financial from $21.00 to $23.00 and gave the company an “outperform” rating in a research report on Monday, July 22nd. Citigroup upped their target price on Regions Financial from $25.00 to $26.00 and gave the company a “buy” rating in a research report on Thursday. StockNews.com upgraded Regions Financial from a “sell” rating to a “hold” rating in a research report on Thursday, September 12th. Finally, Bank of America upped their target price on Regions Financial from $22.00 to $25.00 and gave the company a “neutral” rating in a research report on Monday, July 22nd. One investment analyst has rated the stock with a sell rating, thirteen have assigned a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat, Regions Financial has a consensus rating of “Hold” and an average target price of $21.69.

Regions Financial Stock Down 1.1 %

Regions Financial stock opened at $23.11 on Friday. The company’s 50-day moving average price is $22.08 and its two-hundred day moving average price is $20.42. The company has a quick ratio of 0.83, a current ratio of 0.83 and a debt-to-equity ratio of 0.33. The stock has a market cap of $21.16 billion, a P/E ratio of 12.56, a P/E/G ratio of 2.82 and a beta of 1.17. Regions Financial has a twelve month low of $13.72 and a twelve month high of $23.47.

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, topping the consensus estimate of $0.49 by $0.03. Regions Financial had a return on equity of 12.64% and a net margin of 18.91%. The firm had revenue of $1.73 billion for the quarter, compared to analysts’ expectations of $1.76 billion. During the same quarter last year, the business earned $0.59 EPS. The company’s quarterly revenue was down 11.5% compared to the same quarter last year. As a group, analysts expect that Regions Financial will post 2 EPS for the current year.

Hedge Funds Weigh In On Regions Financial

Institutional investors and hedge funds have recently bought and sold shares of the company. Vanguard Group Inc. increased its holdings in Regions Financial by 2.7% in 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 stake in shares of Regions Financial by 281.7% in the first quarter. Bessemer Group Inc. now owns 79,593 shares of the bank’s stock valued at $1,675,000 after buying an additional 58,739 shares during the period. Public Employees Retirement Association of Colorado increased its stake in shares of Regions Financial by 1,676.8% in the fourth quarter. Public Employees Retirement Association of Colorado now owns 93,711 shares of the bank’s stock valued at $1,816,000 after buying an additional 88,437 shares during the period. UniSuper Management Pty Ltd increased its stake in shares of Regions Financial by 1,075.7% in the first quarter. UniSuper Management Pty Ltd now owns 44,781 shares of the bank’s stock valued at $942,000 after buying an additional 40,972 shares during the period. Finally, Envestnet Portfolio Solutions Inc. increased its stake in shares of Regions Financial by 30.9% in the first quarter. Envestnet Portfolio Solutions Inc. now owns 415,105 shares of the bank’s stock valued at $8,734,000 after buying an additional 98,003 shares during the period. 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.