Analysts Set Regions Financial Co. (NYSE:RF) PT at $27.67

Shares of Regions Financial Co. (NYSE:RF) have earned an average recommendation of “Moderate Buy” from the eighteen analysts that are presently covering the company, MarketBeat.com reports. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and eleven have assigned a buy rating to the company. The average 12 month price objective among analysts that have issued ratings on the stock in the last year is $27.67.

A number of equities research analysts have recently issued reports on the stock. DA Davidson boosted their price target on shares of Regions Financial from $27.00 to $29.00 and gave the company a “buy” rating in a research note on Monday, October 21st. Wells Fargo & Company boosted their price target on shares of Regions Financial from $24.00 to $28.00 and gave the company an “equal weight” rating in a research note on Friday, November 15th. Wedbush boosted their price target on shares of Regions Financial from $28.00 to $30.00 and gave the company an “outperform” rating in a research note on Monday, October 21st. Keefe, Bruyette & Woods raised shares of Regions Financial from a “market perform” rating to an “outperform” rating and boosted their price target for the company from $27.00 to $28.00 in a research note on Thursday, October 31st. Finally, Stephens upgraded shares of Regions Financial from an “equal weight” rating to an “overweight” rating and set a $26.00 price objective for the company in a report on Tuesday, October 29th.

Regions Financial Price Performance

Shares of RF stock opened at $24.07 on Tuesday. The company has a debt-to-equity ratio of 0.37, a current ratio of 0.84 and a quick ratio of 0.83. The firm’s 50-day moving average is $24.74 and its two-hundred day moving average is $23.69. Regions Financial has a 12 month low of $17.42 and a 12 month high of $27.96. The company has a market capitalization of $21.87 billion, a PE ratio of 12.40, a price-to-earnings-growth ratio of 1.97 and a beta of 1.20.

Regions Financial (NYSE:RF) last issued its earnings results on Friday, January 17th. The bank reported $0.56 EPS for the quarter, topping analysts’ consensus estimates of $0.55 by $0.01. The company had revenue of $1.82 billion for the quarter, compared to the consensus estimate of $1.86 billion. Regions Financial had a net margin of 20.20% and a return on equity of 12.83%. Regions Financial’s quarterly revenue was up .2% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.39 earnings per share. Analysts predict that Regions Financial will post 2.27 earnings per share for the current year.

Institutional Trading of Regions Financial

Several institutional investors have recently modified their holdings of the stock. Quarry LP raised its position in Regions Financial by 29.5% in the 3rd quarter. Quarry LP now owns 1,729 shares of the bank’s stock valued at $40,000 after purchasing an additional 394 shares during the last quarter. Ballentine Partners LLC grew its stake in Regions Financial by 2.5% in the 4th quarter. Ballentine Partners LLC now owns 17,458 shares of the bank’s stock valued at $411,000 after acquiring an additional 420 shares during the last quarter. Private Advisor Group LLC grew its stake in Regions Financial by 1.8% in the 3rd quarter. Private Advisor Group LLC now owns 24,928 shares of the bank’s stock valued at $581,000 after acquiring an additional 429 shares during the last quarter. Prossimo Advisors LLC grew its stake in Regions Financial by 2.3% in the 4th quarter. Prossimo Advisors LLC now owns 19,270 shares of the bank’s stock valued at $453,000 after acquiring an additional 430 shares during the last quarter. Finally, Greenleaf Trust grew its stake in Regions Financial by 1.8% in the 4th quarter. Greenleaf Trust now owns 24,382 shares of the bank’s stock valued at $573,000 after acquiring an additional 436 shares during the last quarter. Hedge funds and other institutional investors own 79.39% of the company’s stock.

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.