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

Regions Financial Co. (NYSE:RF - Get Free Report) has been assigned an average recommendation of "Hold" from the eighteen brokerages that are covering the firm, MarketBeat reports. One investment analyst has rated the stock with a sell rating, eleven have assigned a hold rating and six have assigned a buy rating to the company. The average 1-year target price among brokers that have covered the stock in the last year is $20.34.

RF has been the subject of a number of research analyst reports. Evercore ISI lifted their price target on shares of Regions Financial from $20.00 to $22.00 and gave the stock an "in-line" rating in a research note on Thursday, March 28th. Royal Bank of Canada increased their price target on shares of Regions Financial from $19.00 to $21.00 and gave the stock an "outperform" rating in a research report on Monday, January 22nd. StockNews.com downgraded Regions Financial from a "hold" rating to a "sell" rating in a research note on Tuesday, February 6th. Citigroup upgraded Regions Financial from a "neutral" rating to a "buy" rating and upped their price objective for the company from $20.00 to $23.00 in a research note on Monday, March 18th. Finally, Argus lowered Regions Financial from a "buy" rating to a "hold" rating in a research report on Tuesday, January 23rd.

Regions Financial Stock Up 0.1 %

Shares of Regions Financial stock traded up $0.01 during trading hours on Friday, hitting $19.62. 5,245,531 shares of the company's stock traded hands, compared to its average volume of 7,566,787. Regions Financial has a twelve month low of $13.72 and a twelve month high of $21.08. The company has a market cap of $18.03 billion, a PE ratio of 10.66, a PEG ratio of 1.43 and a beta of 1.21. The company has a quick ratio of 0.82, a current ratio of 0.83 and a debt-to-equity ratio of 0.22. The stock has a 50 day simple moving average of $19.43 and a 200-day simple moving average of $18.12.

Regions Financial (NYSE:RF - Get Free Report) last issued its quarterly earnings data on Friday, April 19th. The bank reported $0.37 earnings per share for the quarter, missing analysts' consensus estimates of $0.45 by ($0.08). Regions Financial had a net margin of 19.75% and a return on equity of 13.28%. The business had revenue of $1.75 billion for the quarter, compared to analyst estimates of $1.75 billion. During the same quarter last year, the business earned $0.62 EPS. Regions Financial's revenue for the quarter was down 10.5% compared to the same quarter last year. Equities research analysts anticipate that Regions Financial will post 1.95 earnings per share for the current fiscal year.

Regions Financial Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, July 1st. Shareholders of record on Monday, June 3rd will be paid a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a yield of 4.89%. The ex-dividend date of this dividend is Friday, May 31st. Regions Financial's payout ratio is 52.17%.

Insiders Place Their Bets

In other Regions Financial news, Director William C. Rhodes III bought 50,000 shares of the stock in a transaction that occurred on Tuesday, April 23rd. The shares were purchased at an average cost of $19.37 per share, for a total transaction of $968,500.00. Following the transaction, the director now directly owns 50,000 shares in the company, valued at $968,500. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.33% of the stock is owned by insiders.

Institutional Investors Weigh In On Regions Financial

A number of hedge funds and other institutional investors have recently modified their holdings of RF. Moisand Fitzgerald Tamayo LLC bought a new stake in Regions Financial during the third quarter worth approximately $26,000. Laurel Wealth Advisors LLC raised its stake in shares of Regions Financial by 86.5% in the 4th quarter. Laurel Wealth Advisors LLC now owns 1,399 shares of the bank's stock worth $27,000 after buying an additional 649 shares in the last quarter. ICA Group Wealth Management LLC acquired a new stake in shares of Regions Financial in the fourth quarter valued at $28,000. Sound Income Strategies LLC lifted its holdings in shares of Regions Financial by 103.2% in the fourth quarter. Sound Income Strategies LLC now owns 1,477 shares of the bank's stock valued at $29,000 after buying an additional 750 shares during the period. Finally, Glassman Wealth Services boosted its stake in Regions Financial by 163.3% during the fourth quarter. Glassman Wealth Services now owns 1,559 shares of the bank's stock valued at $30,000 after buying an additional 967 shares in the last quarter. 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.