Regions Financial (NYSE:RF) Price Target Cut to $25.00 by Analysts at The Goldman Sachs Group

Regions Financial (NYSE:RF - Free Report) had its target price lowered by The Goldman Sachs Group from $28.00 to $25.00 in a report published on Tuesday,Benzinga reports. The Goldman Sachs Group currently has a buy rating on the bank's stock.

RF has been the topic of a number of other reports. Citigroup dropped their price objective on shares of Regions Financial from $28.00 to $25.00 and set a "buy" rating on the stock in a report on Monday, March 24th. Truist Financial cut their price objective on Regions Financial from $26.00 to $24.00 and set a "hold" rating on the stock in a report on Friday, March 21st. Wells Fargo & Company decreased their target price on Regions Financial from $28.00 to $26.00 and set an "equal weight" rating for the company in a report on Friday, March 28th. JPMorgan Chase & Co. dropped their target price 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. Finally, Stephens reduced their price target on shares of Regions Financial from $26.00 to $24.00 and set an "overweight" rating for the company in a research report on Monday, April 21st. One analyst has rated the stock with a sell rating, eight have issued a hold rating and eleven have given a buy rating to the company. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $25.53.

Regions Financial Trading Down 1.3 %

RF stock traded down $0.26 during mid-day trading on Tuesday, reaching $20.28. 6,572,572 shares of the stock traded hands, compared to its average volume of 8,107,545. The business has a 50-day moving average price of $21.16 and a two-hundred day moving average price of $23.46. The stock has a market capitalization of $18.36 billion, a PE ratio of 10.45, a PEG ratio of 1.93 and a beta of 1.01. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.83 and a current ratio of 0.84. Regions Financial has a one year low of $17.72 and a one 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, beating the consensus estimate of $0.51 by $0.03. Regions Financial had a net margin of 20.20% and a return on equity of 12.83%. The company had revenue of $1.81 billion for the quarter, compared to analyst estimates of $1.84 billion. During the same period last year, the company posted $0.37 earnings per share. Equities research analysts expect that Regions Financial will post 2.26 EPS for the current year.

Regions Financial Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 1st. Stockholders of record on Friday, May 2nd will be paid a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 4.93%. The ex-dividend date of this dividend is Monday, June 2nd. Regions Financial's payout ratio is presently 48.08%.

Insider Buying and Selling

In related news, Director Joia M. Johnson purchased 2,300 shares of the company's stock in a transaction on Tuesday, March 11th. The shares were bought at an average cost of $21.18 per share, for a total transaction of $48,714.00. Following the completion of the purchase, the director now directly owns 17,486 shares of the company's stock, valued at approximately $370,353.48. This trade represents a 15.15 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 0.29% of the company's stock.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of RF. World Investment Advisors LLC grew its holdings in shares of Regions Financial by 14.5% during the third quarter. World Investment Advisors LLC now owns 15,837 shares of the bank's stock worth $369,000 after purchasing an additional 2,010 shares during the last quarter. Wilmington Savings Fund Society FSB purchased a new position in Regions Financial during the 3rd quarter worth approximately $56,000. Tidal Investments LLC increased its position in Regions Financial by 2.0% during the third quarter. Tidal Investments LLC now owns 127,326 shares of the bank's stock worth $2,971,000 after buying an additional 2,531 shares during the period. Synovus Financial Corp lifted its stake in Regions Financial by 55.9% in the third quarter. Synovus Financial Corp now owns 375,572 shares of the bank's stock valued at $8,762,000 after buying an additional 134,615 shares during the last quarter. Finally, Franklin Resources Inc. boosted its holdings in shares of Regions Financial by 30.9% in the third quarter. Franklin Resources Inc. now owns 702,627 shares of the bank's stock valued at $16,758,000 after acquiring an additional 165,710 shares during the period. 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.