Regions Financial (NYSE:RF) Price Target Raised to $27.00

Regions Financial (NYSE:RF - Get Free Report) had its price objective boosted by analysts at Barclays from $24.00 to $27.00 in a research report issued to clients and investors on Monday, MarketBeat reports. The brokerage currently has an "underweight" rating on the bank's stock. Barclays's price target indicates a potential upside of 1.56% from the company's previous close.

Several other research analysts also recently issued reports on RF. Morgan Stanley upped their price objective on Regions Financial from $22.00 to $27.00 and gave the company an "equal weight" rating in a research note on Thursday, July 3rd. TD Cowen assumed coverage on Regions Financial in a report on Thursday, May 15th. They issued a "buy" rating and a $31.00 target price on the stock. Keefe, Bruyette & Woods reduced their target price on Regions Financial from $28.00 to $26.00 and set an "outperform" rating on the stock in a report on Monday, April 21st. Jefferies Financial Group assumed coverage on Regions Financial in a report on Wednesday, May 21st. They issued a "hold" rating and a $24.00 target price on the stock. Finally, Cowen assumed coverage on Regions Financial in a report on Wednesday, May 14th. They issued a "buy" rating on the stock. One research analyst has rated the stock with a sell rating, eight have given a hold rating and eleven have issued a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $27.33.

Regions Financial Price Performance

NYSE RF traded up $0.22 during trading on Monday, hitting $26.59. 15,461,997 shares of the company's stock were exchanged, compared to its average volume of 9,333,104. The company has a current ratio of 0.82, a quick ratio of 0.82 and a debt-to-equity ratio of 0.30. The company has a market cap of $23.90 billion, a PE ratio of 12.36, a P/E/G ratio of 1.51 and a beta of 0.98. Regions Financial has a fifty-two week low of $17.74 and a fifty-two week high of $27.96. The stock's 50 day moving average price is $23.01 and its two-hundred day moving average price is $22.48.

Regions Financial (NYSE:RF - Get Free Report) last issued its earnings results on Friday, July 18th. The bank reported $0.60 EPS for the quarter, topping the consensus estimate of $0.56 by $0.04. The firm had revenue of $1.91 billion during the quarter, compared to the consensus estimate of $1.86 billion. Regions Financial had a return on equity of 13.08% and a net margin of 21.81%. The business's quarterly revenue was up 10.1% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.52 earnings per share. Research analysts expect that Regions Financial will post 2.26 EPS for the current year.

Hedge Funds Weigh In On Regions Financial

A number of institutional investors have recently added to or reduced their stakes in the company. American National Bank & Trust increased its holdings in Regions Financial by 2,433.3% in the 2nd quarter. American National Bank & Trust now owns 1,064 shares of the bank's stock worth $25,000 after buying an additional 1,022 shares in the last quarter. Bayforest Capital Ltd increased its holdings in Regions Financial by 637.3% in the 1st quarter. Bayforest Capital Ltd now owns 1,224 shares of the bank's stock worth $27,000 after buying an additional 1,058 shares in the last quarter. Millstone Evans Group LLC bought a new stake in Regions Financial in the 4th quarter worth about $32,000. Rossby Financial LCC bought a new stake in Regions Financial in the 1st quarter worth about $36,000. Finally, Groupe la Francaise bought a new stake in Regions Financial in the 1st quarter worth about $41,000. 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.