DA Davidson Raises Regions Financial (NYSE:RF) Price Target to $29.00

Regions Financial (NYSE:RF - Get Free Report) had its target price raised by research analysts at DA Davidson from $25.00 to $29.00 in a research note issued on Monday,Benzinga reports. The firm currently has a "buy" rating on the bank's stock. DA Davidson's price target suggests a potential upside of 10.25% from the company's current price.

Several other equities analysts have also recently commented on RF. Jefferies Financial Group started coverage on shares of Regions Financial in a research note on Wednesday, May 21st. They set a "hold" rating and a $24.00 target price on the stock. Cowen started coverage on shares of Regions Financial in a report on Wednesday, May 14th. They issued a "buy" rating for the company. TD Cowen started coverage on shares of Regions Financial in a report on Thursday, May 15th. They issued a "buy" rating and a $31.00 price target for the company. Keefe, Bruyette & Woods upped their price target on shares of Regions Financial from $29.00 to $30.00 and gave the company an "outperform" rating in a report on Monday. Finally, JPMorgan Chase & Co. cut their price target on shares of Regions Financial from $26.00 to $23.00 and set a "neutral" rating for the company in a report on Thursday, April 3rd. One analyst has rated the stock with a sell rating, nine have assigned a hold rating and twelve have issued a buy rating to the company. According to data from MarketBeat, Regions Financial presently has an average rating of "Moderate Buy" and an average target price of $26.75.

Regions Financial Stock Up 1.1%

Regions Financial stock traded up $0.30 during trading on Monday, reaching $26.31. 3,406,493 shares of the company's stock were exchanged, compared to its average volume of 8,359,364. The company's 50-day moving average is $22.78 and its two-hundred day moving average is $22.41. The company has a debt-to-equity ratio of 0.30, a quick ratio of 0.82 and a current ratio of 0.82. Regions Financial has a 52-week low of $17.74 and a 52-week high of $27.96. The firm has a market cap of $23.65 billion, a price-to-earnings ratio of 12.23, a PEG ratio of 1.94 and a beta of 0.98.

Regions Financial (NYSE:RF - Get Free Report) last posted its quarterly earnings results on Friday, July 18th. The bank reported $0.60 EPS for the quarter, topping analysts' consensus estimates of $0.56 by $0.04. The business 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 company's revenue for the quarter was up 10.1% compared to the same quarter last year. During the same period last year, the firm earned $0.52 earnings per share. On average, analysts predict that Regions Financial will post 2.26 earnings per share for the current year.

Institutional Investors Weigh In On Regions Financial

Large investors have recently modified their holdings of the business. Royal London Asset Management Ltd. grew its holdings in shares of Regions Financial by 7.0% in the 4th quarter. Royal London Asset Management Ltd. now owns 354,631 shares of the bank's stock valued at $8,341,000 after acquiring an additional 23,323 shares in the last quarter. Millstone Evans Group LLC bought a new position in shares of Regions Financial in the 4th quarter valued at about $32,000. Virtu Financial LLC bought a new position in shares of Regions Financial in the 4th quarter valued at about $205,000. Mizuho Securities USA LLC grew its holdings in shares of Regions Financial by 45.2% in the 4th quarter. Mizuho Securities USA LLC now owns 86,140 shares of the bank's stock valued at $2,026,000 after acquiring an additional 26,799 shares in the last quarter. Finally, Sei Investments Co. raised its holdings in shares of Regions Financial by 6.9% in the 4th quarter. Sei Investments Co. now owns 678,633 shares of the bank's stock valued at $15,962,000 after purchasing an additional 43,737 shares during the period. 79.39% of the stock is currently owned by institutional investors.

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.

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