Regions Financial's (RF) Overweight Rating Reiterated at Stephens

Stephens reaffirmed their overweight rating on shares of Regions Financial (NYSE:RF - Free Report) in a report issued on Tuesday morning,Benzinga reports. Stephens currently has a $24.00 target price on the bank's stock.

A number of other analysts have also commented on RF. Cowen assumed coverage on shares of Regions Financial in a research note on Wednesday, May 14th. They set a "buy" rating for the company. Barclays decreased their price target on shares of Regions Financial from $26.00 to $24.00 and set an "underweight" rating for the company in a research note on Monday, April 21st. Truist Financial restated a "hold" rating on shares of Regions Financial in a research note on Friday, May 23rd. Keefe, Bruyette & Woods decreased their price target on shares of Regions Financial from $28.00 to $26.00 and set an "outperform" rating for the company in a research note on Monday, April 21st. Finally, Morgan Stanley decreased their price target on shares of Regions Financial from $29.00 to $22.00 and set an "equal weight" rating for the company in a research note on Monday, April 7th. One research analyst has rated the stock with a sell rating, nine have issued a hold rating and twelve have issued a buy rating to the stock. According to data from MarketBeat.com, Regions Financial presently has a consensus rating of "Moderate Buy" and an average target price of $25.80.

Regions Financial Trading Down 0.9%

Shares of RF stock traded down $0.20 during trading hours on Tuesday, hitting $21.33. 6,232,974 shares of the company were exchanged, compared to its average volume of 8,134,834. The firm has a market cap of $19.17 billion, a P/E ratio of 10.99, a P/E/G ratio of 1.93 and a beta of 0.97. Regions Financial has a fifty-two week low of $17.72 and a fifty-two week high of $27.96. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.83 and a current ratio of 0.84. The company has a 50 day simple moving average of $20.66 and a two-hundred day simple moving average of $22.90.

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

Regions Financial Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, July 1st. Investors of record on Friday, May 2nd will be issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 4.69%. The ex-dividend date is Monday, June 2nd. Regions Financial's dividend payout ratio (DPR) is currently 48.08%.

Insider Buying and Selling

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

Institutional Investors Weigh In On Regions Financial

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Prossimo Advisors LLC raised its holdings in shares of Regions Financial by 2.3% during 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 in the last quarter. Greenleaf Trust raised its holdings in shares of Regions Financial by 1.8% during the fourth quarter. Greenleaf Trust now owns 24,382 shares of the bank's stock valued at $573,000 after acquiring an additional 436 shares in the last quarter. Lake Street Advisors Group LLC raised its holdings 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 valued at $456,000 after acquiring an additional 436 shares in the last quarter. IFG Advisory LLC raised its holdings in shares of Regions Financial by 0.9% during the first 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 in the last quarter. Finally, Horizon Investments LLC raised its holdings in Regions Financial by 3.9% in the first quarter. Horizon Investments LLC now owns 13,369 shares of the bank's stock worth $291,000 after purchasing an additional 508 shares in the last quarter. 79.39% of the stock is currently owned by 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.