Jefferies Financial Group Initiates Coverage on Regions Financial (NYSE:RF)

Investment analysts at Jefferies Financial Group began coverage on shares of Regions Financial (NYSE:RF - Get Free Report) in a report released on Wednesday,Benzinga reports. The brokerage set a "hold" rating and a $24.00 price target on the bank's stock. Jefferies Financial Group's target price suggests a potential upside of 7.91% from the company's previous close.

RF has been the topic of several other research reports. Cowen assumed coverage on Regions Financial in a research note on Wednesday, May 14th. They set a "buy" rating for the company. Wells Fargo & Company dropped their target price on Regions Financial from $28.00 to $26.00 and set an "equal weight" rating on the stock in a report on Friday, March 28th. The Goldman Sachs Group decreased their price target on Regions Financial from $28.00 to $25.00 and set a "buy" rating for the company in a report on Tuesday, April 22nd. Truist Financial lowered their price objective on shares of Regions Financial from $24.00 to $21.00 and set a "hold" rating on the stock in a research report on Tuesday, April 22nd. Finally, TD Cowen began coverage on shares of Regions Financial in a research report on Thursday, May 15th. They set a "buy" rating and a $31.00 price objective for the company. One analyst has rated the stock with a sell rating, nine have given a hold rating and twelve have assigned a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $25.80.

Regions Financial Stock Down 1.3%

RF stock opened at $22.24 on Wednesday. The company has a market cap of $19.99 billion, a price-to-earnings ratio of 11.46, a price-to-earnings-growth ratio of 1.93 and a beta of 0.97. The company has a fifty day moving average price of $20.75 and a 200 day moving average price of $23.19. The company has a debt-to-equity ratio of 0.37, a current ratio of 0.84 and a quick ratio of 0.83. Regions Financial has a 12 month low of $17.72 and a 12 month high of $27.96.

Regions Financial (NYSE:RF - Get Free Report) last posted its quarterly earnings data on Thursday, April 17th. The bank reported $0.54 EPS for the quarter, beating analysts' consensus estimates of $0.51 by $0.03. Regions Financial had a net margin of 20.20% and a return on equity of 12.83%. The company had revenue of $1.81 billion for the quarter, compared to analyst estimates of $1.84 billion. During the same period in the previous year, the business posted $0.37 earnings per share. Sell-side analysts expect that Regions Financial will post 2.26 earnings per share for the current year.

Insider Buying and Selling

In other Regions Financial news, Director Joia M. Johnson acquired 2,300 shares of the firm's stock in a transaction that occurred on Tuesday, March 11th. The shares were acquired at an average cost of $21.18 per share, for a total transaction of $48,714.00. Following the transaction, the director now directly owns 17,486 shares of the company's stock, valued at approximately $370,353.48. This represents a 15.15% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Insiders own 0.29% of the company's stock.

Hedge Funds Weigh In On Regions Financial

Hedge funds have recently added to or reduced their stakes in the business. Wellington Management Group LLP raised its position in shares of Regions Financial by 3.7% during the 1st quarter. Wellington Management Group LLP now owns 44,211,562 shares of the bank's stock worth $960,717,000 after purchasing an additional 1,562,512 shares during the last quarter. Charles Schwab Investment Management Inc. increased its position in Regions Financial by 6.5% during the first quarter. Charles Schwab Investment Management Inc. now owns 31,092,742 shares of the bank's stock worth $675,645,000 after buying an additional 1,909,162 shares in the last quarter. Geode Capital Management LLC raised its holdings in shares of Regions Financial by 1.8% in the fourth quarter. Geode Capital Management LLC now owns 23,028,497 shares of the bank's stock worth $540,284,000 after acquiring an additional 403,283 shares during the last quarter. Invesco Ltd. raised its holdings in shares of Regions Financial by 35.7% in the first quarter. Invesco Ltd. now owns 20,990,446 shares of the bank's stock worth $456,122,000 after acquiring an additional 5,521,772 shares during the last quarter. Finally, First Trust Advisors LP lifted its position in shares of Regions Financial by 7.7% in the fourth quarter. First Trust Advisors LP now owns 17,053,457 shares of the bank's stock valued at $401,097,000 after acquiring an additional 1,224,645 shares in the last quarter. 79.39% of the stock is currently owned by hedge funds and other 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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