Regions Financial Corporation (NYSE:RF) Receives Average Recommendation of “Hold” from Brokerages

Regions Financial Corporation (NYSE:RF) has been given an average recommendation of “Hold” by the eighteen brokerages that are presently covering the stock, MarketBeat.com reports. Three analysts have rated the stock with a sell recommendation, eight have given a hold recommendation and seven have assigned a buy recommendation to the company. The average 1-year price objective among brokers that have updated their coverage on the stock in the last year is $30.4667.

A number of analysts have commented on RF shares. Piper Sandler decreased their price target on shares of Regions Financial from $31.00 to $28.00 and set a “neutral” rating for the company in a research note on Monday, March 30th. Morgan Stanley decreased their price target on shares of Regions Financial from $37.00 to $34.00 and set an “equal weight” rating for the company in a research note on Tuesday, March 31st. UBS Group restated a “neutral” rating and set a $30.00 price target on shares of Regions Financial in a research note on Wednesday, February 4th. Royal Bank Of Canada boosted their price target on shares of Regions Financial from $29.00 to $31.00 and gave the company an “outperform” rating in a research note on Monday, April 20th. Finally, Cantor Fitzgerald restated an “overweight” rating and set a $32.00 price target on shares of Regions Financial in a research note on Tuesday, March 3rd.

Insider Buying and Selling

In other Regions Financial news, EVP Brian R. Willman sold 7,014 shares of the business’s stock in a transaction on Thursday, May 7th. The shares were sold at an average price of $27.91, for a total transaction of $195,760.74. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.34% of the company’s stock.

Institutional Trading of Regions Financial

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Charles Schwab Investment Management Inc. grew its stake in shares of Regions Financial by 0.7% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 31,837,339 shares of the bank’s stock worth $862,792,000 after acquiring an additional 215,061 shares in the last quarter. Victory Capital Management Inc. grew its stake in shares of Regions Financial by 68.9% in the 4th quarter. Victory Capital Management Inc. now owns 22,836,163 shares of the bank’s stock worth $618,860,000 after acquiring an additional 9,312,449 shares in the last quarter. Invesco Ltd. grew its stake in shares of Regions Financial by 3.1% in the 4th quarter. Invesco Ltd. now owns 19,348,237 shares of the bank’s stock worth $524,337,000 after acquiring an additional 573,659 shares in the last quarter. Morgan Stanley grew its stake in shares of Regions Financial by 1.3% in the 4th quarter. Morgan Stanley now owns 18,356,400 shares of the bank’s stock worth $497,459,000 after acquiring an additional 231,924 shares in the last quarter. Finally, First Trust Advisors LP grew its stake in shares of Regions Financial by 75.7% in the 1st quarter. First Trust Advisors LP now owns 13,358,969 shares of the bank’s stock worth $348,936,000 after acquiring an additional 5,754,487 shares in the last quarter. Institutional investors own 79.39% of the company’s stock.

Regions Financial Stock Up 0.6%

Regions Financial stock opened at $27.87 on Monday. The company has a quick ratio of 0.80, a current ratio of 0.80 and a debt-to-equity ratio of 0.18. Regions Financial has a 12-month low of $20.79 and a 12-month high of $31.53. The firm’s fifty day moving average is $26.95 and its 200 day moving average is $27.26. The company has a market capitalization of $23.78 billion, a PE ratio of 11.61, a PEG ratio of 1.08 and a beta of 1.02.

Regions Financial (NYSE:RF) last released its earnings results on Friday, April 17th. The bank reported $0.62 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.61 by $0.01. Regions Financial had a net margin of 23.13% and a return on equity of 12.70%. The company had revenue of $1.87 billion for the quarter, compared to the consensus estimate of $1.92 billion. During the same quarter in the previous year, the company earned $0.54 EPS. Regions Financial’s quarterly revenue was up 5.0% compared to the same quarter last year. As a group, sell-side analysts predict that Regions Financial will post 2.61 EPS for the current fiscal year.

Regions Financial Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, July 1st. Shareholders of record on Monday, June 1st will be paid a dividend of $0.265 per share. This represents a $1.06 dividend on an annualized basis and a yield of 3.8%. The ex-dividend date is Monday, June 1st. Regions Financial’s payout ratio is 44.17%.

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.