Regions Financial Corporation (NYSE:RF) Receives Average Rating of “Hold” from Analysts

Regions Financial Corporation (NYSE:RF) has been given an average recommendation of “Hold” by the twenty analysts that are currently covering the stock, Marketbeat reports. Four investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and six have issued a buy rating on the company. The average 1 year price target among brokers that have covered the stock in the last year is $32.2353.

A number of research firms recently issued reports on RF. Morgan Stanley raised their price target on Regions Financial from $34.00 to $35.00 and gave the stock an “equal weight” rating in a report on Monday, June 29th. Jefferies Financial Group reaffirmed a “hold” rating and set a $32.00 price objective on shares of Regions Financial in a research report on Friday, July 17th. Royal Bank Of Canada reaffirmed an “outperform” rating and set a $34.00 price objective on shares of Regions Financial in a research report on Monday, July 20th. Stephens initiated coverage on Regions Financial in a report on Monday, June 15th. They issued an “equal weight” rating and a $31.00 target price on the stock. Finally, Truist Financial upped their price target on Regions Financial from $30.00 to $34.00 and gave the stock a “hold” rating in a research note on Tuesday, July 21st.

Hedge Funds Weigh In On Regions Financial

A number of large investors have recently bought and sold shares of RF. Root Financial Partners LLC raised its stake in Regions Financial by 3.9% in the 4th quarter. Root Financial Partners LLC now owns 9,148 shares of the bank’s stock worth $248,000 after purchasing an additional 346 shares in the last quarter. WPG Advisers LLC grew its holdings in shares of Regions Financial by 83.5% during the 2nd quarter. WPG Advisers LLC now owns 813 shares of the bank’s stock worth $25,000 after purchasing an additional 370 shares in the last quarter. Master S Wealth Management Inc. increased its position in shares of Regions Financial by 1.0% in the first quarter. Master S Wealth Management Inc. now owns 38,631 shares of the bank’s stock worth $1,009,000 after purchasing an additional 372 shares during the period. Van ECK Associates Corp increased its position in shares of Regions Financial by 1.1% in the fourth quarter. Van ECK Associates Corp now owns 33,604 shares of the bank’s stock worth $911,000 after purchasing an additional 373 shares during the period. Finally, Legacy Wealth Managment LLC ID raised its stake in Regions Financial by 17.3% in the first quarter. Legacy Wealth Managment LLC ID now owns 2,589 shares of the bank’s stock valued at $68,000 after purchasing an additional 381 shares in the last quarter. Hedge funds and other institutional investors own 79.39% of the company’s stock.

Regions Financial Stock Up 0.1%

Shares of NYSE:RF opened at $31.43 on Friday. The stock has a market cap of $26.82 billion, a P/E ratio of 12.83, a P/E/G ratio of 1.20 and a beta of 1.00. The firm has a fifty day moving average price of $30.07 and a 200 day moving average price of $28.57. The company has a debt-to-equity ratio of 0.26, a current ratio of 0.81 and a quick ratio of 0.81. Regions Financial has a 1-year low of $22.70 and a 1-year high of $32.47.

Regions Financial (NYSE:RF) last issued its quarterly earnings data on Friday, July 17th. The bank reported $0.68 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.63 by $0.05. The company had revenue of $1.95 billion for the quarter, compared to the consensus estimate of $1.94 billion. Regions Financial had a net margin of 23.33% and a return on equity of 12.88%. Regions Financial’s revenue for the quarter was up .1% on a year-over-year basis. During the same period last year, the firm posted $0.60 EPS. Sell-side analysts predict that Regions Financial will post 2.63 EPS for the current year.

Regions Financial Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 1st. Shareholders of record on Tuesday, September 1st will be paid a $0.30 dividend. The ex-dividend date of this dividend is Tuesday, September 1st. This represents a $1.20 annualized dividend and a yield of 3.8%. This is an increase from Regions Financial’s previous quarterly dividend of $0.27. Regions Financial’s dividend payout ratio is presently 43.27%.

Regions Financial Company Profile

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.