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

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

A number of equities analysts recently weighed in on the stock. DA Davidson boosted their price target on shares of Regions Financial from $27.00 to $29.00 and gave the stock a “buy” rating in a report on Monday, October 21st. The Goldman Sachs Group raised their price target on Regions Financial from $29.00 to $33.00 and gave the stock a “buy” rating in a report on Tuesday, November 26th. Citigroup increased their target price on shares of Regions Financial from $26.00 to $30.00 and gave the stock a “buy” rating in a research note on Thursday, November 21st. Argus upgraded Regions Financial from a “hold” rating to a “buy” rating and set a $26.00 target price for the company in a research report on Thursday, October 24th. Finally, Piper Sandler boosted their price objective on Regions Financial from $25.00 to $29.00 and gave the stock a “neutral” rating in a report on Tuesday, December 3rd.

Regions Financial Stock Performance

Shares of RF stock opened at $24.77 on Tuesday. Regions Financial has a one year low of $17.42 and a one year high of $27.96. The company has a market cap of $22.51 billion, a P/E ratio of 12.77, a P/E/G ratio of 1.94 and a beta of 1.21. The firm has a 50-day moving average of $24.83 and a 200-day moving average of $23.64. The company has a debt-to-equity ratio of 0.37, a current ratio of 0.84 and a quick ratio of 0.83.

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

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the stock. Citigroup Inc. grew its position in Regions Financial by 20.0% in the 3rd quarter. Citigroup Inc. now owns 1,519,299 shares of the bank’s stock worth $35,445,000 after purchasing an additional 253,708 shares during the period. Aprio Wealth Management LLC purchased a new stake in Regions Financial during the fourth quarter valued at $1,247,000. Nordea Investment Management AB lifted its holdings in Regions Financial by 60.4% in the fourth quarter. Nordea Investment Management AB now owns 263,131 shares of the bank’s stock valued at $6,220,000 after acquiring an additional 99,115 shares during the period. Commerce Bank grew its stake in shares of Regions Financial by 392.5% during the 3rd quarter. Commerce Bank now owns 248,325 shares of the bank’s stock valued at $5,793,000 after purchasing an additional 197,900 shares during the period. Finally, National Pension Service lifted its stake in shares of Regions Financial by 6.3% in the 3rd quarter. National Pension Service now owns 1,722,024 shares of the bank’s stock worth $40,175,000 after purchasing an additional 102,380 shares during the period. 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.