Keefe, Bruyette & Woods Lowers Regions Financial (NYSE:RF) Price Target to $26.00

Regions Financial (NYSE:RF - Get Free Report) had its price target lowered by research analysts at Keefe, Bruyette & Woods from $28.00 to $26.00 in a research note issued to investors on Monday,Benzinga reports. The firm presently has an "outperform" rating on the bank's stock. Keefe, Bruyette & Woods' target price would suggest a potential upside of 28.21% from the stock's current price.

Several other equities analysts also recently issued reports on RF. Morgan Stanley reduced their price objective on Regions Financial from $29.00 to $22.00 and set an "equal weight" rating for the company in a research report on Monday, April 7th. Truist Financial decreased their price target on Regions Financial from $26.00 to $24.00 and set a "hold" rating for the company in a research note on Friday, March 21st. Barclays cut their price objective on shares of Regions Financial from $26.00 to $24.00 and set an "underweight" rating on the stock in a research note on Monday, April 21st. Citigroup decreased their target price on shares of Regions Financial from $28.00 to $25.00 and set a "buy" rating for the company in a research report on Monday, March 24th. Finally, Stephens dropped their price target on shares of Regions Financial from $26.00 to $24.00 and set an "overweight" rating on the stock in a research report on Monday, April 21st. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and eleven have assigned a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $25.53.

Regions Financial Stock Performance

Shares of Regions Financial stock traded down $0.26 on Monday, reaching $20.28. 6,572,572 shares of the company were exchanged, compared to its average volume of 8,107,545. Regions Financial has a 1-year low of $17.72 and a 1-year high of $27.96. The firm has a market cap of $18.36 billion, a price-to-earnings ratio of 10.45, a P/E/G ratio of 1.93 and a beta of 1.01. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.83 and a current ratio of 0.84. The company's 50-day moving average is $21.16 and its two-hundred day moving average is $23.46.

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

Insider Activity

In other Regions Financial news, Director Joia M. Johnson purchased 2,300 shares of the stock in a transaction dated Tuesday, March 11th. The shares were acquired at an average price of $21.18 per share, for a total transaction of $48,714.00. Following the completion of the acquisition, the director now owns 17,486 shares of the company's stock, valued at $370,353.48. This represents a 15.15 % increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 0.29% of the stock is owned by company insiders.

Hedge Funds Weigh In On Regions Financial

Several institutional investors and hedge funds have recently bought and sold shares of RF. Y.D. More Investments Ltd boosted its holdings in shares of Regions Financial by 122.9% during the fourth quarter. Y.D. More Investments Ltd now owns 1,150 shares of the bank's stock worth $27,000 after purchasing an additional 634 shares during the period. Sierra Ocean LLC acquired a new stake in shares of Regions Financial during the 4th quarter valued at $28,000. Picton Mahoney Asset Management grew its holdings in shares of Regions Financial by 2,354.9% during the 4th quarter. Picton Mahoney Asset Management now owns 1,252 shares of the bank's stock valued at $29,000 after acquiring an additional 1,201 shares in the last quarter. Millstone Evans Group LLC acquired a new position in shares of Regions Financial in the fourth quarter worth $32,000. Finally, Grove Bank & Trust raised its holdings in shares of Regions Financial by 76.6% during the first quarter. Grove Bank & Trust now owns 1,876 shares of the bank's stock worth $41,000 after acquiring an additional 814 shares in the last quarter. Hedge funds and other 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.