Brokerages Set Regions Financial Corporation (NYSE:RF) PT at $28.93

Shares of Regions Financial Corporation (NYSE:RF) have been given a consensus recommendation of “Hold” by the sixteen brokerages that are covering the company, Marketbeat.com reports. Two research analysts have rated the stock with a sell recommendation, six have issued a hold recommendation and eight have assigned a buy recommendation to the company. The average 1 year target price among brokerages that have covered the stock in the last year is $28.9286.

Several equities research analysts have issued reports on the stock. Stephens reiterated an “equal weight” rating and issued a $27.00 price target (down from $30.00) on shares of Regions Financial in a research note on Tuesday, October 14th. Truist Financial raised their price objective on Regions Financial from $26.00 to $29.00 and gave the company a “hold” rating in a report on Monday, December 22nd. Evercore ISI downgraded Regions Financial from an “in-line” rating to an “underperform” rating and lifted their target price for the company from $27.00 to $29.00 in a research report on Tuesday, January 6th. Wall Street Zen lowered Regions Financial from a “hold” rating to a “sell” rating in a report on Saturday, December 13th. Finally, Barclays raised their price target on Regions Financial from $27.00 to $30.00 and gave the company an “underweight” rating in a research note on Monday, January 5th.

Institutional Trading of Regions Financial

A number of large investors have recently added to or reduced their stakes in the company. American National Bank & Trust increased its stake in shares of Regions Financial by 2,433.3% during the 2nd quarter. American National Bank & Trust now owns 1,064 shares of the bank’s stock worth $25,000 after purchasing an additional 1,022 shares during the last quarter. CVA Family Office LLC grew its holdings in Regions Financial by 163.2% during the second quarter. CVA Family Office LLC now owns 1,058 shares of the bank’s stock worth $25,000 after purchasing an additional 656 shares during the period. Darwin Wealth Management LLC acquired a new position in Regions Financial during the second quarter worth approximately $25,000. FNY Investment Advisers LLC bought a new stake in Regions Financial in the second quarter valued at approximately $30,000. Finally, United Community Bank acquired a new stake in shares of Regions Financial in the third quarter valued at approximately $30,000. Institutional investors and hedge funds own 79.39% of the company’s stock.

Regions Financial Trading Up 1.4%

NYSE RF opened at $28.53 on Tuesday. Regions Financial has a 52 week low of $17.74 and a 52 week high of $29.25. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.81 and a current ratio of 0.82. The stock’s 50 day moving average price is $26.64 and its two-hundred day moving average price is $25.94. The stock has a market capitalization of $25.02 billion, a price-to-earnings ratio of 12.57, a PEG ratio of 1.00 and a beta of 1.03.

Regions Financial (NYSE:RF) last posted its quarterly earnings data on Friday, October 17th. The bank reported $0.63 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.60 by $0.03. Regions Financial had a net margin of 22.49% and a return on equity of 13.05%. The company had revenue of $1.94 billion for the quarter, compared to the consensus estimate of $1.93 billion. During the same period last year, the company earned $0.49 earnings per share. The firm’s revenue was up 3.9% compared to the same quarter last year. As a group, analysts anticipate that Regions Financial will post 2.26 earnings per share for the current fiscal year.

Regions Financial announced that its board has approved a stock repurchase plan on Wednesday, December 10th that authorizes the company to repurchase $3.00 billion in shares. This repurchase authorization authorizes the bank to reacquire up to 12.9% of its shares through open market purchases. Shares repurchase plans are generally an indication that the company’s management believes its stock is undervalued.

About Regions Financial

Regions Financial Corporation (NYSE: RF) is a U.S. bank holding company headquartered in Birmingham, Alabama, that provides a broad range of banking and financial services. Its primary banking subsidiary, Regions Bank, serves retail and commercial customers through a combination of branch and ATM networks, digital channels and relationship-based delivery. The company offers deposit accounts, consumer and commercial loans, mortgage origination and servicing, and payment and treasury services.

In addition to core banking, Regions offers wealth management, trust and brokerage services, insurance solutions, and capital markets capabilities to corporate and institutional clients.