Regions Financial Corporation (NYSE:RF) Given Consensus Recommendation of “Moderate Buy” by Brokerages

Regions Financial Corporation (NYSE:RF) has received a consensus recommendation of “Moderate Buy” from the nineteen analysts that are currently covering the stock, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and eleven have assigned a buy rating to the company. The average twelve-month target price among analysts that have issued ratings on the stock in the last year is $27.3333.

A number of research analysts have recently weighed in on RF shares. Morgan Stanley raised their price target on Regions Financial from $27.00 to $29.00 and gave the company an “equal weight” rating in a research report on Monday, July 21st. Truist Financial restated a “hold” rating on shares of Regions Financial in a research report on Friday, May 23rd. Jefferies Financial Group started coverage on Regions Financial in a research report on Wednesday, May 21st. They issued a “hold” rating and a $24.00 price target for the company. Cowen started coverage on Regions Financial in a research report on Wednesday, May 14th. They issued a “buy” rating for the company. Finally, Wall Street Zen upgraded Regions Financial from a “sell” rating to a “hold” rating in a research report on Saturday, July 5th.

Regions Financial Trading Up 0.4%

NYSE:RF opened at $25.8350 on Friday. The stock has a fifty day moving average price of $24.52 and a two-hundred day moving average price of $22.66. The stock has a market capitalization of $23.05 billion, a price-to-earnings ratio of 12.02, a PEG ratio of 1.48 and a beta of 1.01. The company has a debt-to-equity ratio of 0.30, a quick ratio of 0.82 and a current ratio of 0.82. Regions Financial has a 1 year low of $17.74 and a 1 year high of $27.96.

Regions Financial (NYSE:RF) last released its quarterly earnings data on Friday, July 18th. The bank reported $0.60 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.56 by $0.04. Regions Financial had a return on equity of 13.08% and a net margin of 21.81%.The firm had revenue of $1.91 billion during the quarter, compared to analysts’ expectations of $1.86 billion. During the same quarter in the prior year, the business posted $0.52 earnings per share. Regions Financial’s revenue was up 10.1% compared to the same quarter last year. As a group, sell-side analysts anticipate that Regions Financial will post 2.26 earnings per share for the current fiscal year.

Regions Financial Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, October 1st. Stockholders of record on Tuesday, September 2nd will be given a $0.265 dividend. This is an increase from Regions Financial’s previous quarterly dividend of $0.25. This represents a $1.06 dividend on an annualized basis and a dividend yield of 4.1%. The ex-dividend date is Tuesday, September 2nd. Regions Financial’s dividend payout ratio (DPR) is 46.51%.

Insiders Place Their Bets

In related news, Director Roger W. Jenkins acquired 4,000 shares of the firm’s stock in a transaction that occurred on Wednesday, August 13th. The shares were acquired at an average price of $25.48 per share, with a total value of $101,920.00. Following the completion of the purchase, the director directly owned 6,383 shares in the company, valued at approximately $162,638.84. The trade was a 167.86% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP David R. Keenan sold 30,000 shares of the stock in a transaction on Wednesday, August 6th. The shares were sold at an average price of $25.01, for a total value of $750,300.00. Following the sale, the executive vice president directly owned 90,915 shares in the company, valued at approximately $2,273,784.15. The trade was a 24.81% decrease in their position. The disclosure for this sale can be found here. 0.29% of the stock is owned by company insiders.

Institutional Trading of Regions Financial

A number of large investors have recently made changes to their positions in the stock. Hardy Reed LLC lifted its stake in shares of Regions Financial by 1.6% in the 2nd quarter. Hardy Reed LLC now owns 25,747 shares of the bank’s stock valued at $606,000 after purchasing an additional 404 shares in the last quarter. Greenwood Capital Associates LLC lifted its stake in shares of Regions Financial by 0.6% in the 2nd quarter. Greenwood Capital Associates LLC now owns 72,400 shares of the bank’s stock valued at $1,703,000 after purchasing an additional 427 shares in the last quarter. IFG Advisory LLC lifted its stake in shares of Regions Financial by 0.9% in the 1st quarter. IFG Advisory LLC now owns 52,531 shares of the bank’s stock valued at $1,142,000 after purchasing an additional 470 shares in the last quarter. Signet Financial Management LLC lifted its stake in shares of Regions Financial by 4.6% in the 2nd quarter. Signet Financial Management LLC now owns 10,896 shares of the bank’s stock valued at $256,000 after purchasing an additional 483 shares in the last quarter. Finally, Master S Wealth Management Inc. lifted its stake in shares of Regions Financial by 1.2% in the 2nd quarter. Master S Wealth Management Inc. now owns 40,303 shares of the bank’s stock valued at $948,000 after purchasing an additional 485 shares in the last quarter. Institutional investors and hedge funds own 79.39% of the company’s stock.

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.