Regions Financial Co. (NYSE:RF) Receives Consensus Recommendation of “Moderate Buy” from Brokerages

Regions Financial Co. (NYSE:RF) has been given a consensus rating of “Moderate Buy” by the seventeen analysts that are presently covering the firm, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, five have given a hold recommendation and eleven have assigned a buy recommendation to the company. The average 1 year target price among analysts that have issued a report on the stock in the last year is $26.18.

Several research analysts recently weighed in on RF shares. Barclays increased their target price on Regions Financial from $22.00 to $25.00 and gave the stock an “underweight” rating in a research report on Monday, October 21st. Royal Bank of Canada increased their target price on Regions Financial from $21.00 to $23.00 and gave the stock an “outperform” rating in a research report on Monday, July 22nd. The Goldman Sachs Group increased their target price on Regions Financial from $25.00 to $28.00 and gave the stock a “buy” rating in a research report on Monday, October 7th. Truist Financial increased their target price on Regions Financial from $25.00 to $26.00 and gave the stock a “hold” rating in a research report on Monday, October 21st. Finally, Deutsche Bank Aktiengesellschaft raised Regions Financial from a “hold” rating to a “buy” rating and increased their target price for the stock from $24.00 to $26.00 in a research report on Thursday, October 24th.

Regions Financial Price Performance

RF stock opened at $26.33 on Thursday. Regions Financial has a 52-week low of $15.79 and a 52-week high of $26.73. The stock’s fifty day simple moving average is $23.61 and its 200-day simple moving average is $21.61. The company has a quick ratio of 0.83, a current ratio of 0.84 and a debt-to-equity ratio of 0.35. The stock has a market capitalization of $23.93 billion, a price-to-earnings ratio of 14.88, a price-to-earnings-growth ratio of 2.76 and a beta of 1.16.

Regions Financial (NYSE:RF) last posted its quarterly earnings data on Friday, October 18th. The bank reported $0.49 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.53 by ($0.04). Regions Financial had a return on equity of 12.60% and a net margin of 18.78%. The business had revenue of $1.79 billion for the quarter, compared to analyst estimates of $1.80 billion. During the same quarter last year, the business earned $0.49 EPS. Regions Financial’s revenue for the quarter was down 3.7% compared to the same quarter last year. Equities research analysts expect that Regions Financial will post 2.1 EPS for the current year.

Regions Financial Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, January 2nd. Stockholders of record on Monday, December 2nd will be given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 3.80%. The ex-dividend date of this dividend is Monday, December 2nd. Regions Financial’s payout ratio is 56.50%.

Institutional Trading of Regions Financial

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Fortem Financial Group LLC increased its position in shares of Regions Financial by 4.9% during the third quarter. Fortem Financial Group LLC now owns 27,777 shares of the bank’s stock worth $648,000 after acquiring an additional 1,289 shares during the last quarter. Toronto Dominion Bank grew its stake in Regions Financial by 69.6% in the third quarter. Toronto Dominion Bank now owns 452,254 shares of the bank’s stock worth $10,551,000 after purchasing an additional 185,520 shares in the last quarter. Coldstream Capital Management Inc. grew its stake in Regions Financial by 5.0% in the third quarter. Coldstream Capital Management Inc. now owns 137,812 shares of the bank’s stock worth $3,222,000 after purchasing an additional 6,602 shares in the last quarter. Geode Capital Management LLC grew its stake in Regions Financial by 1.4% in the third quarter. Geode Capital Management LLC now owns 22,625,214 shares of the bank’s stock worth $526,118,000 after purchasing an additional 315,605 shares in the last quarter. Finally, Public Employees Retirement System of Ohio grew its stake in Regions Financial by 2.6% in the third quarter. Public Employees Retirement System of Ohio now owns 359,381 shares of the bank’s stock worth $8,384,000 after purchasing an additional 9,047 shares in the last quarter. 79.39% of the stock is owned by hedge funds and other institutional investors.

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.