Regions Financial (NYSE:RF) PT Raised to $28.00

Regions Financial (NYSE:RF) had its price objective increased by The Goldman Sachs Group from $25.00 to $28.00 in a research report report published on Monday morning, Benzinga reports. The Goldman Sachs Group currently has a buy rating on the bank’s stock.

RF has been the subject of a number of other reports. Royal Bank of Canada boosted their target price on shares of Regions Financial from $21.00 to $23.00 and gave the company an outperform rating in a research note on Monday, July 22nd. Morgan Stanley upped their price objective on Regions Financial from $25.00 to $28.00 and gave the company an overweight rating in a research report on Tuesday, July 30th. Keefe, Bruyette & Woods dropped their target price on Regions Financial from $22.00 to $21.00 and set a market perform rating on the stock in a research report on Tuesday, July 9th. Bank of America upped their price target on shares of Regions Financial from $22.00 to $25.00 and gave the company a neutral rating in a research report on Monday, July 22nd. Finally, Jefferies Financial Group raised their price objective on Regions Financial from $22.00 to $24.00 and gave the stock a buy rating in a research note on Wednesday, July 3rd. One investment analyst has rated the stock with a sell rating, twelve have issued a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of Hold and an average price target of $22.86.

Regions Financial Trading Down 0.1 %

Shares of NYSE:RF opened at $22.81 on Monday. 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 has a 1 year low of $13.72 and a 1 year high of $23.47. The company has a market cap of $20.89 billion, a P/E ratio of 12.40, a PEG ratio of 2.95 and a beta of 1.17. The stock’s fifty day moving average price is $22.22 and its 200-day moving average price is $20.69.

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

Regions Financial Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, October 1st. Stockholders of record on Tuesday, September 3rd were issued a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 4.38%. The ex-dividend date was Tuesday, September 3rd. This is a positive change from Regions Financial’s previous quarterly dividend of $0.24. Regions Financial’s dividend payout ratio (DPR) is 54.35%.

Hedge Funds Weigh In On Regions Financial

Several hedge funds have recently bought and sold shares of the business. EntryPoint Capital LLC purchased a new stake in Regions Financial in the first quarter worth about $26,000. American National Bank & Trust boosted its holdings in Regions Financial by 1,856.7% in the third quarter. American National Bank & Trust now owns 1,174 shares of the bank’s stock valued at $27,000 after purchasing an additional 1,114 shares during the last quarter. Quarry LP grew its stake in shares of Regions Financial by 157.2% during the 2nd quarter. Quarry LP now owns 1,335 shares of the bank’s stock worth $27,000 after purchasing an additional 816 shares during the period. MV Capital Management Inc. grew its position in shares of Regions Financial by 75.6% during the 1st quarter. MV Capital Management Inc. now owns 1,435 shares of the bank’s stock valued at $30,000 after acquiring an additional 618 shares during the period. Finally, Whittier Trust Co. of Nevada Inc. increased its holdings in Regions Financial by 530.0% in the 2nd quarter. Whittier Trust Co. of Nevada Inc. now owns 1,493 shares of the bank’s stock worth $30,000 after acquiring an additional 1,256 shares in the last quarter. 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.