Regions Financial (NYSE:RF) Stock Price Expected to Rise, Citigroup Analyst Says

Regions Financial (NYSE:RF - Free Report) had its target price increased by Citigroup from $26.00 to $27.00 in a research note released on Wednesday,Benzinga reports. Citigroup currently has a buy rating on the bank's stock.

Several other research analysts have also recently issued reports on RF. Morgan Stanley dropped their price objective on Regions Financial from $29.00 to $22.00 and set an "equal weight" rating on the stock in a research note on Monday, April 7th. The Goldman Sachs Group decreased their price objective on Regions Financial from $28.00 to $25.00 and set a "buy" rating for the company in a report on Tuesday, April 22nd. TD Cowen began coverage on shares of Regions Financial in a research note on Thursday, May 15th. They issued a "buy" rating and a $31.00 price objective for the company. Stephens reissued an "overweight" rating and set a $24.00 target price on shares of Regions Financial in a research report on Tuesday, June 3rd. Finally, Truist Financial reiterated a "hold" rating on shares of Regions Financial in a research note on Friday, May 23rd. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating and twelve have given a buy rating to the stock. According to MarketBeat.com, Regions Financial presently has a consensus rating of "Hold" and a consensus price target of $26.15.

Regions Financial Trading Up 0.5%

RF stock traded up $0.13 during midday trading on Wednesday, reaching $24.68. The company's stock had a trading volume of 4,691,570 shares, compared to its average volume of 8,375,667. Regions Financial has a 1 year low of $17.74 and a 1 year high of $27.96. The firm has a market capitalization of $22.19 billion, a price-to-earnings ratio of 11.87, a PEG ratio of 1.97 and a beta of 0.98. The stock has a fifty day simple moving average of $21.91 and a two-hundred day simple moving average of $22.36. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.83 and a current ratio of 0.84.

Regions Financial (NYSE:RF - Get Free Report) last posted its quarterly earnings results on Thursday, April 17th. The bank reported $0.54 EPS for the quarter, topping the consensus estimate of $0.51 by $0.03. Regions Financial had a net margin of 21.43% and a return on equity of 13.04%. The company had revenue of $1.81 billion for the quarter, compared to the consensus estimate of $1.84 billion. During the same quarter last year, the firm posted $0.37 EPS. On average, equities research analysts predict that Regions Financial will post 2.26 EPS for the current year.

Regions Financial Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, July 1st. Investors of record on Friday, May 2nd were paid a $0.25 dividend. The ex-dividend date of this dividend was Monday, June 2nd. This represents a $1.00 dividend on an annualized basis and a yield of 4.05%. Regions Financial's dividend payout ratio (DPR) is 48.08%.

Institutional Trading of Regions Financial

Several large investors have recently added to or reduced their stakes in the company. Proficio Capital Partners LLC purchased a new stake in shares of Regions Financial in the 4th quarter valued at $2,393,000. Private Trust Co. NA lifted its position in Regions Financial by 10.9% during the fourth quarter. Private Trust Co. NA now owns 6,998 shares of the bank's stock valued at $165,000 after purchasing an additional 689 shares during the period. Metis Global Partners LLC boosted its holdings in Regions Financial by 2.9% in the fourth quarter. Metis Global Partners LLC now owns 30,427 shares of the bank's stock valued at $716,000 after purchasing an additional 859 shares during the last quarter. Smartleaf Asset Management LLC grew its position in Regions Financial by 22.5% during the 4th quarter. Smartleaf Asset Management LLC now owns 7,788 shares of the bank's stock worth $184,000 after purchasing an additional 1,428 shares during the period. Finally, Plato Investment Management Ltd raised its stake in shares of Regions Financial by 14,601.9% during the 4th quarter. Plato Investment Management Ltd now owns 7,939 shares of the bank's stock valued at $187,000 after buying an additional 7,885 shares during the last quarter. 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.