Regions Financial (NYSE:RF) Stock Price Expected to Rise, Stephens Analyst Says

Regions Financial (NYSE:RF - Get Free Report) had its price target raised by analysts at Stephens from $24.00 to $29.00 in a report issued on Monday,Benzinga reports. The brokerage currently has an "overweight" rating on the bank's stock. Stephens' price objective would indicate a potential upside of 11.54% from the stock's previous close.

Other research analysts also recently issued reports about the company. Truist Financial reissued a "hold" rating on shares of Regions Financial in a research note on Friday, May 23rd. Citigroup upped their price target on Regions Financial from $26.00 to $27.00 and gave the stock a "buy" rating in a research note on Wednesday, July 2nd. Cowen started coverage on Regions Financial in a research note on Wednesday, May 14th. They set a "buy" rating on the stock. Morgan Stanley upped their price target on Regions Financial from $22.00 to $27.00 and gave the stock an "equal weight" rating in a research note on Thursday, July 3rd. Finally, Wall Street Zen raised Regions Financial from a "sell" rating to a "hold" rating in a research note on Saturday, July 5th. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating and twelve have given a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $26.40.

Regions Financial Stock Performance

Shares of NYSE RF opened at $26.00 on Monday. The company has a market capitalization of $23.37 billion, a P/E ratio of 12.09, a P/E/G ratio of 1.94 and a beta of 0.98. The stock has a 50 day moving average of $22.78 and a 200-day moving average of $22.41. The company has a current ratio of 0.82, a quick ratio of 0.82 and a debt-to-equity ratio of 0.30. Regions Financial has a 12 month low of $17.74 and a 12 month high of $27.96.

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

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. IFG Advisory LLC grew its position in shares of Regions Financial by 0.9% during the 1st quarter. IFG Advisory LLC now owns 52,531 shares of the bank's stock valued at $1,142,000 after acquiring an additional 470 shares during the period. Signet Financial Management LLC grew its position in shares of Regions Financial by 4.6% during the 2nd quarter. Signet Financial Management LLC now owns 10,896 shares of the bank's stock valued at $256,000 after acquiring an additional 483 shares during the period. Horizon Investments LLC grew its position in shares of Regions Financial by 3.9% during the 1st quarter. Horizon Investments LLC now owns 13,369 shares of the bank's stock valued at $291,000 after acquiring an additional 508 shares during the period. First Horizon Advisors Inc. grew its position in shares of Regions Financial by 8.7% during the 1st quarter. First Horizon Advisors Inc. now owns 6,641 shares of the bank's stock valued at $144,000 after acquiring an additional 532 shares during the period. Finally, Lido Advisors LLC grew its position in shares of Regions Financial by 2.6% during the 4th quarter. Lido Advisors LLC now owns 22,291 shares of the bank's stock valued at $530,000 after acquiring an additional 558 shares during the period. Hedge funds and other institutional investors own 79.39% of the company's stock.

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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