Regions Financial (NYSE:RF) Given New $26.00 Price Target at Barclays

Regions Financial (NYSE:RF) had its target price raised by stock analysts at Barclays from $25.00 to $26.00 in a research report issued on Monday,Benzinga reports. The brokerage presently has an “underweight” rating on the bank’s stock. Barclays‘s target price indicates a potential upside of 9.01% from the company’s current price.

Several other analysts have also issued reports on RF. Piper Sandler boosted their price objective on shares of Regions Financial from $25.00 to $29.00 and gave the company a “neutral” rating in a report on Tuesday, December 3rd. StockNews.com upgraded shares of Regions Financial from a “sell” rating to a “hold” rating in a report on Friday, October 25th. Citigroup lifted their target price on shares of Regions Financial from $26.00 to $30.00 and gave the company a “buy” rating in a report on Thursday, November 21st. Argus upgraded Regions Financial from a “hold” rating to a “buy” rating and set a $26.00 price target on the stock in a research note on Thursday, October 24th. Finally, Morgan Stanley reaffirmed an “equal weight” rating and issued a $32.00 price objective (up from $28.00) on shares of Regions Financial in a research note on Monday, December 9th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and eleven have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $27.67.

Regions Financial Price Performance

Regions Financial stock opened at $23.85 on Monday. The company has a current ratio of 0.84, a quick ratio of 0.83 and a debt-to-equity ratio of 0.35. The stock has a market cap of $21.68 billion, a P/E ratio of 13.47, a PEG ratio of 2.61 and a beta of 1.19. The company has a 50-day moving average price of $25.19 and a 200 day moving average price of $23.13. Regions Financial has a 12-month low of $17.42 and a 12-month high of $27.96.

Regions Financial (NYSE:RF) last released its quarterly earnings data on Friday, October 18th. The bank reported $0.49 EPS for the quarter, missing analysts’ consensus estimates of $0.53 by ($0.04). The business had revenue of $1.79 billion during the quarter, compared to analyst estimates of $1.80 billion. Regions Financial had a net margin of 18.78% and a return on equity of 12.60%. The company’s revenue was down 3.7% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.49 earnings per share. Sell-side analysts anticipate that Regions Financial will post 2.12 earnings per share for the current year.

Institutional Trading of Regions Financial

A number of institutional investors have recently bought and sold shares of the business. Commonwealth Equity Services LLC grew its position in shares of Regions Financial by 0.9% in the 2nd quarter. Commonwealth Equity Services LLC now owns 207,786 shares of the bank’s stock valued at $4,164,000 after buying an additional 1,771 shares during the last quarter. Natixis Advisors LLC increased its position in shares of Regions Financial by 4.7% during the second quarter. Natixis Advisors LLC now owns 133,998 shares of the bank’s stock worth $2,685,000 after purchasing an additional 6,070 shares in the last quarter. Foundations Investment Advisors LLC purchased a new stake in shares of Regions Financial in the 2nd quarter valued at about $247,000. National Bank of Canada FI boosted its position in shares of Regions Financial by 23.2% in the 2nd quarter. National Bank of Canada FI now owns 252,317 shares of the bank’s stock valued at $5,021,000 after purchasing an additional 47,465 shares during the period. Finally, Victory Capital Management Inc. grew its stake in Regions Financial by 17.1% during the 2nd quarter. Victory Capital Management Inc. now owns 2,965,126 shares of the bank’s stock worth $59,421,000 after buying an additional 433,319 shares during the last quarter. 79.39% of the stock is owned by hedge funds and other institutional investors.

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.