Regions Financial - RF Stock Forecast, Price & News

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. It serves corporate, middle market, and commercial real estate developers and investors. The Consumer Bank segment provides consumer banking products and services related to residential first mortgages, home equity lines and loans, consumer credit cards, and other consumer loans, as well as deposits. The Wealth Management segment offers credit related products, and retirement and savings solutions; and trust and investment management, asset management, and estate planning services to individuals, businesses, governmental institutions, and non-profit entities. The company also provides investment and insurance products; low-income housing tax credit corporate fund syndication services; and other specialty financing services. As of March 01, 2022, it operated through a network of 1,300 banking offices and 2,000 automated teller machines across the South, Midwest, and Texas. Regions Financial Corporation was founded in 1971 and is headquartered in Birmingham, Alabama.

Analyst Ratings Changes

Several brokerages have recently issued reports on RF. The Goldman Sachs Group lowered 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 report on Tuesday, May 31st. Citigroup downgraded shares of Regions Financial from a "buy" rating to a "neutral" rating and decreased their target price for the company from $25.00 to $20.00 in a research report on Tuesday, July 12th. Wolfe Research decreased their target price on shares of Regions Financial from $24.00 to $20.00 and set a "peer perform" rating for the company in a research report on Thursday, May 26th. Keefe, Bruyette & Woods raised shares of Regions Financial from an "underperform" rating to a "market perform" rating and raised their target price for the company from $24.00 to $26.00 in a research report on Thursday, June 2nd. Finally, Wedbush lifted their price objective on shares of Regions Financial to $24.00 in a research report on Monday, July 25th. Eight research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company's stock. According to data from MarketBeat, Regions Financial presently has an average rating of "Moderate Buy" and an average price target of $24.60.

Regions Financial Trading Up 1.3 %

Shares of NYSE:RF traded up $0.30 during midday trading on Friday, reaching $22.94. The stock had a trading volume of 212,619 shares, compared to its average volume of 7,388,043. The firm has a market cap of $21.44 billion, a price-to-earnings ratio of 10.20, a price-to-earnings-growth ratio of 0.32 and a beta of 1.29. Regions Financial has a twelve month low of $18.01 and a twelve month high of $25.57. The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.82 and a current ratio of 0.82. The company's 50 day moving average price is $20.04 and its 200 day moving average price is $21.48.

Regions Financial (NYSE:RF - Get Rating) last issued its quarterly earnings results on Friday, July 22nd. The bank reported $0.59 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.53 by $0.06. The firm had revenue of $1.75 billion for the quarter, compared to the consensus estimate of $1.69 billion. Regions Financial had a net margin of 32.85% and a return on equity of 14.07%. During the same quarter in the previous year, the company earned $0.77 EPS. As a group, sell-side analysts expect that Regions Financial will post 2.34 EPS for the current year.

Regions Financial Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, October 3rd. Shareholders of record on Friday, September 2nd will be issued a dividend of $0.20 per share. This is an increase from Regions Financial's previous quarterly dividend of $0.17. The ex-dividend date of this dividend is Thursday, September 1st. This represents a $0.80 annualized dividend and a yield of 3.49%. Regions Financial's dividend payout ratio is presently 30.63%.