Regions Financial (NYSE:RF) PT Raised to $26.00 at Evercore ISI

Regions Financial (NYSE:RF) had its target price lifted by stock analysts at Evercore ISI from $24.50 to $26.00 in a research note issued on Wednesday, Benzinga reports. The firm currently has an “in-line” rating on the bank’s stock. Evercore ISI’s price target points to a potential upside of 15.92% from the company’s previous close.

RF has been the subject of a number of other research reports. Citigroup increased their target price on Regions Financial from $25.00 to $26.00 and gave the company a “buy” rating in a report on Thursday, September 19th. Wedbush upgraded Regions Financial from a “neutral” rating to an “outperform” rating and raised their price objective for the company from $23.00 to $28.00 in a report on Tuesday, September 24th. Royal Bank of Canada upped their target price on shares of Regions Financial from $21.00 to $23.00 and gave the stock an “outperform” rating in a report on Monday, July 22nd. Morgan Stanley raised their price target on shares of Regions Financial from $25.00 to $28.00 and gave the stock an “overweight” rating in a research note on Tuesday, July 30th. Finally, Truist Financial upped their price objective on shares of Regions Financial from $23.00 to $25.00 and gave the company a “hold” rating in a research note on Friday, September 20th. One investment analyst has rated the stock with a sell rating, twelve have issued a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $22.36.

Regions Financial Stock Down 0.6 %

Regions Financial stock opened at $22.43 on Wednesday. The business has a 50 day simple moving average of $22.21 and a 200-day simple moving average of $20.63. Regions Financial has a 12 month low of $13.72 and a 12 month high of $23.47. The stock has a market capitalization of $20.54 billion, a PE ratio of 12.19, a price-to-earnings-growth ratio of 2.95 and a beta of 1.17. The company has a debt-to-equity ratio of 0.33, a current ratio of 0.83 and a quick ratio of 0.83.

Regions Financial (NYSE:RF) last posted its quarterly earnings data on Friday, July 19th. The bank reported $0.52 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.49 by $0.03. Regions Financial had a net margin of 18.91% and a return on equity of 12.64%. The business had revenue of $1.73 billion for the quarter, compared to the consensus estimate of $1.76 billion. During the same period last year, the firm posted $0.59 earnings per share. The company’s revenue was down 11.5% compared to the same quarter last year. On average, analysts anticipate that Regions Financial will post 2.01 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in RF. EntryPoint Capital LLC purchased a new stake in shares of Regions Financial in the 1st quarter valued at $26,000. American National Bank & Trust lifted its position in shares of Regions Financial by 1,856.7% during the third quarter. American National Bank & Trust now owns 1,174 shares of the bank’s stock worth $27,000 after purchasing an additional 1,114 shares in the last quarter. Quarry LP boosted its stake in shares of Regions Financial by 157.2% in the second quarter. Quarry LP now owns 1,335 shares of the bank’s stock valued at $27,000 after purchasing an additional 816 shares during the period. MV Capital Management Inc. grew its holdings in shares of Regions Financial by 75.6% in the first quarter. MV Capital Management Inc. now owns 1,435 shares of the bank’s stock valued at $30,000 after purchasing an additional 618 shares in the last quarter. Finally, Whittier Trust Co. of Nevada Inc. increased its stake in Regions Financial by 530.0% during the 2nd quarter. Whittier Trust Co. of Nevada Inc. now owns 1,493 shares of the bank’s stock worth $30,000 after buying an additional 1,256 shares during the period. 79.39% of the stock is currently owned by institutional investors and hedge funds.

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.