Regions Financial (NYSE:RF) Price Target Cut to $24.00 by Analysts at Stephens

Regions Financial (NYSE:RF - Get Free Report) had its target price dropped by Stephens from $26.00 to $24.00 in a research report issued on Monday,Benzinga reports. The brokerage presently has an "overweight" rating on the bank's stock. Stephens' target price indicates a potential upside of 18.34% from the stock's current price.

A number of other equities research analysts also recently issued reports on RF. JPMorgan Chase & Co. decreased their price objective on Regions Financial from $26.00 to $23.00 and set a "neutral" rating on the stock in a research report on Thursday, April 3rd. Truist Financial decreased their price target on Regions Financial from $26.00 to $24.00 and set a "hold" rating on the stock in a report on Friday, March 21st. Citigroup dropped their price objective on shares of Regions Financial from $28.00 to $25.00 and set a "buy" rating for the company in a research note on Monday, March 24th. Barclays reduced their target price 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. Finally, Morgan Stanley lowered their target price on shares of Regions Financial from $29.00 to $22.00 and set an "equal weight" rating for the company in a report on Monday, April 7th. One research analyst has rated the stock with a sell rating, eight have given a hold rating and eleven have given a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $25.53.

Regions Financial Price Performance

Shares of NYSE RF traded down $0.26 during midday trading on Monday, reaching $20.28. 6,572,572 shares of the stock traded hands, compared to its average volume of 8,107,545. The company's 50 day moving average is $21.16 and its 200 day moving average is $23.46. Regions Financial has a one year low of $17.72 and a one year high of $27.96. The company has a debt-to-equity ratio of 0.37, a current ratio of 0.84 and a quick ratio of 0.83. The stock has a market capitalization of $18.36 billion, a PE ratio of 10.45, a P/E/G ratio of 1.93 and a beta of 1.01.

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

Insider Buying and Selling at Regions Financial

In other news, Director Joia M. Johnson acquired 2,300 shares of the business's stock in a transaction dated Tuesday, March 11th. The shares were purchased at an average price of $21.18 per share, with a total value of $48,714.00. Following the transaction, the director now directly owns 17,486 shares in the company, valued at approximately $370,353.48. This represents a 15.15 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 0.29% of the company's stock.

Hedge Funds Weigh In On Regions Financial

Several institutional investors and hedge funds have recently bought and sold shares of the company. Ballentine Partners LLC boosted its position in shares of Regions Financial by 2.5% in the 4th quarter. Ballentine Partners LLC now owns 17,458 shares of the bank's stock worth $411,000 after purchasing an additional 420 shares in the last quarter. 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 worth $453,000 after acquiring an additional 430 shares in the last quarter. Greenleaf Trust grew its stake in shares of Regions Financial by 1.8% during the fourth quarter. Greenleaf Trust now owns 24,382 shares of the bank's stock worth $573,000 after acquiring an additional 436 shares during the last quarter. Lake Street Advisors Group LLC grew its stake in shares of Regions Financial by 2.3% during the fourth quarter. Lake Street Advisors Group LLC now owns 19,173 shares of the bank's stock worth $456,000 after acquiring an additional 436 shares during the last quarter. Finally, Wealthcare Advisory Partners LLC increased its holdings in shares of Regions Financial by 0.8% during the fourth quarter. Wealthcare Advisory Partners LLC now owns 70,822 shares of the bank's stock valued at $1,666,000 after acquiring an additional 529 shares in the last quarter. 79.39% of the stock is owned by hedge funds and other 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.