Analysts Set Regions Financial Co. (NYSE:RF) PT at $25.80

Regions Financial Co. (NYSE:RF - Get Free Report) has been given an average recommendation of "Moderate Buy" by the twenty-one brokerages that are presently covering the firm, Marketbeat.com reports. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and twelve have given a buy rating to the company. The average twelve-month price objective among brokerages that have updated their coverage on the stock in the last year is $25.80.

A number of equities research analysts have weighed in on RF shares. Stephens reiterated an "overweight" rating and set a $24.00 price target on shares of Regions Financial in a research report on Tuesday. Wells Fargo & Company decreased their price target on Regions Financial from $28.00 to $26.00 and set an "equal weight" rating on the stock in a research note on Friday, March 28th. Citigroup decreased their price target on Regions Financial from $28.00 to $25.00 and set a "buy" rating on the stock in a research note on Monday, March 24th. Cowen began coverage on Regions Financial in a research note on Wednesday, May 14th. They set a "buy" rating on the stock. Finally, Barclays decreased their target price on Regions Financial from $26.00 to $24.00 and set an "underweight" rating on the stock in a research note on Monday, April 21st.

Regions Financial Trading Down 0.0%

RF stock traded down $0.00 during midday trading on Monday, hitting $21.30. 5,007,141 shares of the company's stock were exchanged, compared to its average volume of 8,140,307. The business has a 50-day simple moving average of $20.66 and a two-hundred day simple moving average of $22.89. The company has a current ratio of 0.84, a quick ratio of 0.83 and a debt-to-equity ratio of 0.37. The stock has a market capitalization of $19.15 billion, a PE ratio of 10.98, a P/E/G ratio of 1.93 and a beta of 0.97. Regions Financial has a 1-year low of $17.72 and a 1-year high of $27.96.

Regions Financial (NYSE:RF - Get Free Report) last issued its quarterly earnings data on Thursday, April 17th. The bank reported $0.54 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.51 by $0.03. The firm had revenue of $1.81 billion during the quarter, compared to the consensus estimate of $1.84 billion. Regions Financial had a return on equity of 12.83% and a net margin of 20.20%. During the same period last year, the company earned $0.37 EPS. On average, sell-side analysts predict that Regions Financial will post 2.26 EPS for the current fiscal year.

Regions Financial Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, July 1st. Stockholders of record on Friday, May 2nd will be given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 4.70%. The ex-dividend date of this dividend is Monday, June 2nd. Regions Financial's dividend payout ratio (DPR) is presently 48.08%.

Insiders Place Their Bets

In related news, Director Joia M. Johnson purchased 2,300 shares of the business's stock in a transaction that occurred on Tuesday, March 11th. The shares were purchased at an average cost of $21.18 per share, for a total transaction of $48,714.00. Following the purchase, the director now directly owns 17,486 shares of the company's stock, valued at $370,353.48. The trade was a 15.15% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.29% of the stock is owned by corporate insiders.

Institutional Trading of Regions Financial

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Prossimo Advisors LLC boosted its holdings in Regions Financial by 2.3% in the fourth quarter. Prossimo Advisors LLC now owns 19,270 shares of the bank's stock valued at $453,000 after acquiring an additional 430 shares during the last quarter. Greenleaf Trust lifted its stake in shares of Regions Financial by 1.8% in the 4th quarter. Greenleaf Trust now owns 24,382 shares of the bank's stock valued at $573,000 after purchasing an additional 436 shares in the last quarter. Lake Street Advisors Group LLC lifted its stake in shares of Regions Financial by 2.3% in the 4th quarter. Lake Street Advisors Group LLC now owns 19,173 shares of the bank's stock valued at $456,000 after purchasing an additional 436 shares in the last quarter. IFG Advisory LLC lifted its stake in shares of Regions Financial by 0.9% in the 1st quarter. IFG Advisory LLC now owns 52,531 shares of the bank's stock valued at $1,142,000 after purchasing an additional 470 shares in the last quarter. Finally, Horizon Investments LLC lifted its stake in shares of Regions Financial by 3.9% in the 1st quarter. Horizon Investments LLC now owns 13,369 shares of the bank's stock valued at $291,000 after purchasing an additional 508 shares in the last quarter. Institutional investors and hedge funds own 79.39% of the company's stock.

Regions Financial Company Profile

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.