Regions Financial Corporation (NYSE:RF) Receives Consensus Recommendation of "Moderate Buy" from Analysts

Key Points

• Regions Financial Corporation has received a consensus recommendation of "Moderate Buy" from 19 brokerages, with an average price target of $27.33 for the stock.
• The company recently increased its quarterly dividend to $0.265 per share, reflecting a dividend yield of 4.1%.
• Insider transactions revealed that EVP David R. Keenan sold 30,000 shares, while Director Roger W. Jenkins purchased 4,000 shares, indicating varying confidence levels among executives.

Regions Financial Corporation (NYSE:RF - Get Free Report) has earned an average recommendation of "Moderate Buy" from the nineteen brokerages that are currently covering the stock, MarketBeat reports. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and eleven have issued a buy rating on the company. The average twelve-month price target among brokerages that have updated their coverage on the stock in the last year is $27.3333.

Several equities research analysts have commented on RF shares. The Goldman Sachs Group cut their price objective on Regions Financial from $28.00 to $25.00 and set a "buy" rating for the company in a research note on Tuesday, April 22nd. Truist Financial reiterated a "hold" rating on shares of Regions Financial in a research note on Friday, May 23rd. Stephens boosted their price objective on Regions Financial from $24.00 to $29.00 and gave the stock an "overweight" rating in a research note on Monday, July 21st. Morgan Stanley boosted their price objective on Regions Financial from $27.00 to $29.00 and gave the stock an "equal weight" rating in a research note on Monday, July 21st. Finally, Cowen started coverage on Regions Financial in a research note on Wednesday, May 14th. They set a "buy" rating for the company.

Insider Transactions at Regions Financial

In related news, EVP David R. Keenan sold 30,000 shares of the firm's stock in a transaction dated Wednesday, August 6th. The stock was sold at an average price of $25.01, for a total transaction of $750,300.00. Following the transaction, the executive vice president owned 90,915 shares of the company's stock, valued at $2,273,784.15. This trade represents a 24.81% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director Roger W. Jenkins purchased 4,000 shares of the stock in a transaction that occurred on Wednesday, August 13th. The shares were bought at an average cost of $25.48 per share, for a total transaction of $101,920.00. Following the acquisition, the director owned 6,383 shares of the company's stock, valued at approximately $162,638.84. The trade was a 167.86% increase in their ownership of the stock. The disclosure for this purchase can be found here. Company insiders own 0.29% of the company's stock.

Institutional Investors Weigh In On Regions Financial

A number of hedge funds have recently added to or reduced their stakes in RF. American National Bank & Trust lifted its position in shares of Regions Financial by 2,433.3% during the 2nd quarter. American National Bank & Trust now owns 1,064 shares of the bank's stock valued at $25,000 after acquiring an additional 1,022 shares during the period. CVA Family Office LLC lifted its position in shares of Regions Financial by 163.2% during the 2nd quarter. CVA Family Office LLC now owns 1,058 shares of the bank's stock valued at $25,000 after acquiring an additional 656 shares during the period. Darwin Wealth Management LLC acquired a new stake in shares of Regions Financial during the 2nd quarter valued at approximately $25,000. Bayforest Capital Ltd lifted its position in shares of Regions Financial by 637.3% during the 1st quarter. Bayforest Capital Ltd now owns 1,224 shares of the bank's stock valued at $27,000 after acquiring an additional 1,058 shares during the period. Finally, FNY Investment Advisers LLC acquired a new stake in shares of Regions Financial during the 2nd quarter valued at approximately $30,000. Institutional investors and hedge funds own 79.39% of the company's stock.

Regions Financial Stock Performance

Shares of RF stock opened at $25.62 on Friday. The firm has a market capitalization of $22.86 billion, a price-to-earnings ratio of 11.92, a price-to-earnings-growth ratio of 1.50 and a beta of 1.01. The company has a debt-to-equity ratio of 0.30, a current ratio of 0.82 and a quick ratio of 0.82. The business has a fifty day moving average of $24.31 and a 200 day moving average of $22.64. Regions Financial has a 1 year low of $17.74 and a 1 year high of $27.96.

Regions Financial (NYSE:RF - Get Free Report) last announced its quarterly earnings results on Friday, July 18th. The bank reported $0.60 earnings per share for the quarter, topping the consensus estimate of $0.56 by $0.04. The company had revenue of $1.91 billion for the quarter, compared to the consensus estimate of $1.86 billion. Regions Financial had a return on equity of 13.08% and a net margin of 21.81%. The firm's revenue for the quarter was up 10.1% compared to the same quarter last year. During the same period last year, the firm earned $0.52 EPS. As a group, research analysts expect that Regions Financial will post 2.26 earnings per share for the current year.

Regions Financial Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 1st. Shareholders of record on Tuesday, September 2nd will be issued a dividend of $0.265 per share. The ex-dividend date of this dividend is Tuesday, September 2nd. This is a positive change from Regions Financial's previous quarterly dividend of $0.25. This represents a $1.06 annualized dividend and a dividend yield of 4.1%. Regions Financial's dividend payout ratio is 46.51%.

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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