Brokerages Set Regions Financial Co. (NYSE:RF) Target Price at $20.34

Regions Financial Co. (NYSE:RF - Get Free Report) has received an average recommendation of "Hold" from the eighteen research firms that are covering the stock, Marketbeat Ratings reports. One research analyst has rated the stock with a sell recommendation, eleven have issued a hold recommendation and six have issued a buy recommendation on the company. The average 1 year target price among brokers that have issued ratings on the stock in the last year is $20.34.

Several equities analysts recently weighed in on the stock. StockNews.com cut shares of Regions Financial from a "hold" rating to a "sell" rating in a research report on Tuesday, February 6th. Piper Sandler increased their price target on shares of Regions Financial from $15.00 to $18.00 and gave the stock a "neutral" rating in a report on Friday, December 8th. Argus lowered Regions Financial from a "buy" rating to a "hold" rating in a research note on Tuesday, January 23rd. Morgan Stanley boosted their price target on shares of Regions Financial from $21.00 to $27.00 and gave the stock an "overweight" rating in a research note on Tuesday, January 30th. Finally, Jefferies Financial Group raised shares of Regions Financial from a "hold" rating to a "buy" rating and lifted their price target for the stock from $15.00 to $22.00 in a research note on Tuesday, January 9th.

Regions Financial Stock Performance

Shares of RF traded down $0.13 during mid-day trading on Wednesday, hitting $20.23. 4,882,424 shares of the company's stock were exchanged, compared to its average volume of 8,957,055. The company has a quick ratio of 0.82, a current ratio of 0.82 and a debt-to-equity ratio of 0.15. The firm has a market cap of $18.59 billion, a price-to-earnings ratio of 9.68, a price-to-earnings-growth ratio of 1.49 and a beta of 1.21. The stock's 50-day simple moving average is $19.07 and its 200-day simple moving average is $17.80. Regions Financial has a 52 week low of $13.72 and a 52 week high of $21.08.

Regions Financial (NYSE:RF - Get Free Report) last released its earnings results on Friday, January 19th. The bank reported $0.39 EPS for the quarter, missing the consensus estimate of $0.48 by ($0.09). The firm had revenue of $1.81 billion during the quarter, compared to the consensus estimate of $1.80 billion. Regions Financial had a net margin of 22.66% and a return on equity of 14.50%. Regions Financial's quarterly revenue was down 9.5% compared to the same quarter last year. During the same period in the prior year, the business earned $0.67 earnings per share. On average, equities research analysts expect that Regions Financial will post 1.97 EPS for the current year.

Regions Financial Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, April 1st. Stockholders of record on Friday, March 1st were given a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a dividend yield of 4.75%. The ex-dividend date was Thursday, February 29th. Regions Financial's dividend payout ratio is currently 45.93%.

Hedge Funds Weigh In On Regions Financial

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Toroso Investments LLC boosted its position in shares of Regions Financial by 5.0% during the 4th quarter. Toroso Investments LLC now owns 10,722 shares of the bank's stock worth $231,000 after purchasing an additional 508 shares in the last quarter. Whittier Trust Co. boosted its holdings in shares of Regions Financial by 16.5% during the fourth quarter. Whittier Trust Co. now owns 3,881 shares of the bank's stock worth $75,000 after purchasing an additional 549 shares during the last quarter. Pinnacle Financial Partners Inc grew its holdings in Regions Financial by 0.4% in the 4th quarter. Pinnacle Financial Partners Inc now owns 144,317 shares of the bank's stock valued at $2,797,000 after buying an additional 606 shares during the period. Laurel Wealth Advisors LLC grew its holdings in Regions Financial by 86.5% in the fourth quarter. Laurel Wealth Advisors LLC now owns 1,399 shares of the bank's stock valued at $27,000 after purchasing an additional 649 shares during the period. Finally, SG Americas Securities LLC increased its holdings in shares of Regions Financial by 2.6% during the 4th quarter. SG Americas Securities LLC now owns 25,569 shares of the bank's stock worth $496,000 after buying an additional 654 shares during the last quarter. 79.39% of the stock is owned by institutional investors and hedge funds.

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.