Regions Financial (NYSE:RF) Price Target Raised to $30.00

Regions Financial (NYSE:RF) had its price target increased by Citigroup from $26.00 to $30.00 in a research report report published on Thursday,Benzinga reports. Citigroup currently has a buy rating on the bank’s stock.

RF has been the subject of a number of other reports. Stephens upgraded shares of Regions Financial from an “equal weight” rating to an “overweight” rating and set a $26.00 target price for the company in a research report on Tuesday, October 29th. The Goldman Sachs Group boosted their price objective on Regions Financial from $25.00 to $28.00 and gave the company a “buy” rating in a report on Monday, October 7th. Keefe, Bruyette & Woods raised Regions Financial from a “market perform” rating to an “outperform” rating and raised their target price for the stock from $27.00 to $28.00 in a report on Thursday, October 31st. Argus upgraded Regions Financial from a “hold” rating to a “buy” rating and set a $26.00 price target for the company in a research report on Thursday, October 24th. Finally, Deutsche Bank Aktiengesellschaft upgraded Regions Financial from a “hold” rating to a “buy” rating and upped their price objective for the stock from $24.00 to $26.00 in a research report on Thursday, October 24th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and eleven have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Regions Financial has a consensus rating of “Moderate Buy” and a consensus price target of $26.41.

Regions Financial Stock Up 2.0 %

Shares of RF stock opened at $27.28 on Thursday. Regions Financial has a fifty-two week low of $15.79 and a fifty-two week high of $27.32. The firm has a market capitalization of $24.79 billion, a PE ratio of 15.41, a P/E/G ratio of 2.77 and a beta of 1.16. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.83 and a current ratio of 0.84. The stock’s 50-day simple moving average is $24.05 and its 200-day simple moving average is $21.82.

Regions Financial (NYSE:RF) last issued its quarterly earnings results on Friday, October 18th. The bank reported $0.49 earnings per share 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 during the quarter, compared to analyst estimates of $1.80 billion. During the same quarter last year, the company posted $0.49 EPS. Regions Financial’s quarterly revenue was down 3.7% compared to the same quarter last year. Equities analysts expect that Regions Financial will post 2.12 earnings per share for the current year.

Regions Financial Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, January 2nd. Stockholders of record on Monday, December 2nd will be paid a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 3.67%. The ex-dividend date of this dividend is Monday, December 2nd. Regions Financial’s dividend payout ratio is currently 56.50%.

Institutional Trading of Regions Financial

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

Regions Financial Company Profile

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.