Morgan Stanley Issues Pessimistic Forecast for Regions Financial (NYSE:RF) Stock Price

Regions Financial (NYSE:RF) had its price target cut by investment analysts at Morgan Stanley from $36.00 to $35.00 in a report issued on Monday, Benzinga reports. The firm currently has an “equal weight” rating on the bank’s stock. Morgan Stanley’s price target would indicate a potential upside of 30.12% from the company’s current price.

RF has been the subject of a number of other reports. Stephens started coverage on shares of Regions Financial in a research note on Monday, June 15th. They set an “equal weight” rating and a $31.00 target price for the company. Wells Fargo & Company raised their price target on shares of Regions Financial from $28.00 to $30.00 and gave the company an “underweight” rating in a research note on Monday, July 6th. DA Davidson lifted their price target on Regions Financial from $33.00 to $34.00 and gave the company a “neutral” rating in a report on Monday, July 20th. Keefe, Bruyette & Woods boosted their price objective on Regions Financial from $32.00 to $33.00 and gave the stock a “market perform” rating in a research report on Monday, July 20th. Finally, Weiss Ratings reissued a “buy (b)” rating on shares of Regions Financial in a report on Friday, July 17th. Six investment analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and three have assigned a Sell rating to the stock. According to data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $32.06.

Regions Financial Stock Performance

RF stock opened at $26.90 on Monday. Regions Financial has a 1 year low of $22.70 and a 1 year high of $32.47. The stock has a market capitalization of $22.92 billion, a price-to-earnings ratio of 10.98, a PEG ratio of 1.14 and a beta of 0.99. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.81 and a current ratio of 0.81. The stock’s fifty day moving average is $30.19 and its two-hundred day moving average is $28.84.

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

Institutional Trading of Regions Financial

Hedge funds and other institutional investors have recently modified their holdings of the company. Root Financial Partners LLC raised its position in Regions Financial by 3.9% during the 4th quarter. Root Financial Partners LLC now owns 9,148 shares of the bank’s stock valued at $248,000 after purchasing an additional 346 shares during the last quarter. WPG Advisers LLC grew its position in shares of Regions Financial by 83.5% in the 2nd quarter. WPG Advisers LLC now owns 813 shares of the bank’s stock worth $25,000 after buying an additional 370 shares during the last quarter. Master S Wealth Management Inc. increased its stake in shares of Regions Financial by 1.0% during the first quarter. Master S Wealth Management Inc. now owns 38,631 shares of the bank’s stock valued at $1,009,000 after buying an additional 372 shares during the period. Legacy Wealth Managment LLC ID increased its stake in shares of Regions Financial by 17.3% during the first quarter. Legacy Wealth Managment LLC ID now owns 2,589 shares of the bank’s stock valued at $68,000 after buying an additional 381 shares during the period. Finally, Lcnb Corp raised its holdings in shares of Regions Financial by 3.8% during the fourth quarter. Lcnb Corp now owns 10,725 shares of the bank’s stock valued at $291,000 after acquiring an additional 390 shares in the last quarter. Institutional investors own 79.39% of the company’s stock.

About Regions Financial

Regions Financial Corporation (NYSE: RF) is a financial services company headquartered in Birmingham, Alabama. Through its principal subsidiary, Regions Bank, the company provides banking and related financial services to consumers, businesses, and institutions.

Regions offers a range of products and services, including checking and savings accounts, consumer and commercial loans, mortgages, credit cards, treasury and cash-management services, investment and wealth-management solutions, and capital-markets services.