UBS Group Issues Pessimistic Forecast for Regions Financial (NYSE:RF) Stock Price

Key Points

• UBS Group cut its Regions Financial price target from $33 to $30 while maintaining a neutral rating, implying about 10.75% upside from the stock’s $27.09 price.
• Analyst sentiment remains cautious, with Regions Financial receiving a consensus “Hold” rating and an average price target of $31.79 from tracked brokerages.
• Regions Financial exceeded quarterly expectations, reporting $0.68 in earnings per share versus the $0.63 consensus estimate and $1.95 billion in revenue versus $1.94 billion expected.

Regions Financial (NYSE:RF - Get Free Report) had its price target reduced by research analysts at UBS Group from $33.00 to $30.00 in a research note issued to investors on Monday, Benzinga reports. The brokerage presently has a "neutral" rating on the bank's stock. UBS Group's price objective points to a potential upside of 10.75% from the stock's current price.

Several other brokerages have also recently weighed in on RF. Keefe, Bruyette & Woods lifted their price objective on Regions Financial from $32.00 to $33.00 and gave the company a "market perform" rating in a report on Monday, July 20th. Jefferies Financial Group restated a "hold" rating and issued a $32.00 price target on shares of Regions Financial in a research report on Friday, July 17th. JPMorgan Chase & Co. cut their price objective on shares of Regions Financial from $32.00 to $30.50 and set a "neutral" rating for the company in a research report on Friday. Stephens initiated coverage on shares of Regions Financial in a report on Monday, June 15th. They issued an "equal weight" rating and a $31.00 target price on the stock. Finally, Wells Fargo & Company upped their price target on shares of Regions Financial from $28.00 to $30.00 and gave the stock an "underweight" rating in a report on Monday, July 6th. Six equities research analysts have rated the stock with a Buy rating, eleven have given a Hold rating and three have assigned a Sell rating to the company. Based on data from MarketBeat, Regions Financial has an average rating of "Hold" and a consensus target price of $31.79.

Regions Financial Stock Down 0.0%

Shares of RF traded down $0.01 during mid-day trading on Monday, hitting $27.09. 10,662,803 shares of the company's stock were exchanged, compared to its average volume of 11,578,390. The company has a 50-day simple moving average of $29.96 and a 200 day simple moving average of $28.88. The company has a debt-to-equity ratio of 0.26, a current ratio of 0.81 and a quick ratio of 0.81. Regions Financial has a 52 week low of $22.70 and a 52 week high of $32.47. The company has a market cap of $23.08 billion, a PE ratio of 11.06, a P/E/G ratio of 1.13 and a beta of 1.05.

Regions Financial (NYSE:RF - Get Free Report) last posted its quarterly earnings data on Friday, July 17th. The bank reported $0.68 EPS for the quarter, topping analysts' consensus estimates of $0.63 by $0.05. The company had revenue of $1.95 billion during the quarter, compared to the consensus estimate of $1.94 billion. Regions Financial had a net margin of 23.33% and a return on equity of 12.88%. The company's quarterly revenue was up .1% on a year-over-year basis. During the same period in the prior year, the business posted $0.60 EPS. On average, research analysts forecast that Regions Financial will post 2.63 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Regions Financial

Several hedge funds and other institutional investors have recently modified their holdings of the company. Russell Investments Group Ltd. raised its position in shares of Regions Financial by 8.5% in the second quarter. Russell Investments Group Ltd. now owns 2,107,015 shares of the bank's stock worth $63,645,000 after buying an additional 165,527 shares in the last quarter. Bank of America Corp DE bought a new stake in shares of Regions Financial during the 2nd quarter valued at about $219,068,000. Envestnet Asset Management Inc. grew its holdings in shares of Regions Financial by 433.7% during the second quarter. Envestnet Asset Management Inc. now owns 2,129,927 shares of the bank's stock worth $64,324,000 after purchasing an additional 1,730,874 shares in the last quarter. Raiffeisen Bank International AG increased its position in shares of Regions Financial by 7,509.2% in the second quarter. Raiffeisen Bank International AG now owns 48,623 shares of the bank's stock worth $1,472,000 after purchasing an additional 47,984 shares during the last quarter. Finally, Kingsview Wealth Management LLC bought a new position in shares of Regions Financial in the second quarter worth approximately $3,886,000. Institutional investors own 79.39% of the company's stock.

Regions Financial Company Profile

Regions Financial Corporation NYSE: RF is a financial services company headquartered in Birmingham, Alabama. Through its principal subsidiary, Regions Bank, the company provides banking and related financial services to consumers, businesses, and institutions.

Regions offers a range of products and services, including checking and savings accounts, consumer and commercial loans, mortgages, credit cards, treasury and cash-management services, investment and wealth-management solutions, and capital-markets services.

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