Analysts Set Regions Financial Co. (NYSE:RF) Target Price at $25.94

Shares of Regions Financial Co. (NYSE:RF) have been assigned an average recommendation of “Moderate Buy” from the seventeen research firms that are presently covering the stock, MarketBeat reports. One research analyst has rated the stock with a sell recommendation, five have assigned a hold recommendation and eleven have issued a buy recommendation on the company. The average 12 month target price among brokerages that have issued ratings on the stock in the last year is $26.18.

Several research analysts have commented on RF shares. Argus raised Regions Financial from a “hold” rating to a “buy” rating and set a $26.00 price target on the stock in a research report on Thursday, October 24th. Keefe, Bruyette & Woods upgraded shares of Regions Financial from a “market perform” rating to an “outperform” rating and upped their target price for the company from $27.00 to $28.00 in a research note on Thursday, October 31st. Barclays raised their price target on shares of Regions Financial from $22.00 to $25.00 and gave the stock an “underweight” rating in a research report on Monday, October 21st. The Goldman Sachs Group upped their price objective on shares of Regions Financial from $25.00 to $28.00 and gave the company a “buy” rating in a research report on Monday, October 7th. Finally, Wells Fargo & Company lifted their target price on Regions Financial from $24.00 to $28.00 and gave the stock an “equal weight” rating in a research report on Friday, November 15th.

Institutional Investors Weigh In On Regions Financial

A number of institutional investors and hedge funds have recently modified their holdings of RF. American National Bank & Trust grew its holdings in Regions Financial by 1,856.7% during the 3rd quarter. American National Bank & Trust now owns 1,174 shares of the bank’s stock worth $27,000 after acquiring an additional 1,114 shares during the period. EntryPoint Capital LLC bought a new position in shares of Regions Financial in the 1st quarter worth $26,000. Quarry LP grew its stake in shares of Regions Financial by 157.2% during the second quarter. Quarry LP now owns 1,335 shares of the bank’s stock worth $27,000 after purchasing an additional 816 shares during the period. Whittier Trust Co. of Nevada Inc. increased its holdings in Regions Financial by 530.0% in the second quarter. Whittier Trust Co. of Nevada Inc. now owns 1,493 shares of the bank’s stock valued at $30,000 after purchasing an additional 1,256 shares during the last quarter. Finally, Truvestments Capital LLC acquired a new position in Regions Financial in the third quarter valued at about $37,000. 79.39% of the stock is owned by institutional investors.

Regions Financial Price Performance

Shares of Regions Financial stock opened at $26.26 on Thursday. Regions Financial has a 1-year low of $15.79 and a 1-year high of $26.73. The firm has a fifty day simple moving average of $23.77 and a 200-day simple moving average of $21.70. 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 $23.87 billion, a price-to-earnings ratio of 14.84, a PEG ratio of 2.76 and a beta of 1.16.

Regions Financial (NYSE:RF) last released its quarterly earnings results on Friday, October 18th. The bank reported $0.49 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.53 by ($0.04). The firm had revenue of $1.79 billion for the quarter, compared to the consensus estimate of $1.80 billion. Regions Financial had a net margin of 18.78% and a return on equity of 12.60%. The firm’s revenue was down 3.7% on a year-over-year basis. During the same quarter last year, the company earned $0.49 earnings per share. On average, sell-side analysts expect that Regions Financial will post 2.1 earnings per share for the current year.

Regions Financial Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, January 2nd. Shareholders of record on Monday, December 2nd will be issued a dividend of $0.25 per share. The ex-dividend date is Monday, December 2nd. This represents a $1.00 annualized dividend and a yield of 3.81%. Regions Financial’s dividend payout ratio is currently 56.50%.

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.