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.

Regions Financial Stock Performance

RF Stock traded up $0.33 during mid-day trading on Friday, hitting $21.35. The company had a trading volume of 6,557,399 shares, compared to its average volume of 7,591,785. The firm has a market cap of $19.95 billion, a PE ratio of 9.62, a price-to-earnings-growth ratio of 0.31 and a beta of 1.29. The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.82 and a current ratio of 0.82. Regions Financial has a 12 month low of $18.01 and a 12 month high of $25.57. The stock's fifty day moving average price is $20.04 and its two-hundred day moving average price is $21.49.

Regions Financial (NYSE:RF - Get Rating) last announced its quarterly earnings data on Friday, July 22nd. The bank reported $0.59 EPS for the quarter, topping the consensus estimate of $0.53 by $0.06. The business had revenue of $1.75 billion for the quarter, compared to analyst estimates 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 firm posted $0.77 earnings per share. On average, analysts forecast that Regions Financial will post 2.34 earnings per share for the current fiscal year.

Regions Financial Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, October 3rd. Stockholders of record on Friday, September 2nd will be paid a $0.20 dividend. 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 dividend yield of 3.75%. Regions Financial's dividend payout ratio (DPR) is presently 30.63%.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on RF shares. Raymond James raised shares of Regions Financial from a "market perform" rating to an "outperform" rating and set a $23.00 price objective for the company in a research note on Thursday, July 7th. Truist Financial dropped their price target on shares of Regions Financial from $27.00 to $25.00 and set a "buy" rating for the company in a research note on Wednesday, June 15th. Citigroup downgraded shares of Regions Financial from a "buy" rating to a "neutral" rating and dropped their price target for the company from $25.00 to $20.00 in a research note on Tuesday, July 12th. The Goldman Sachs Group dropped their price target on shares of Regions Financial from $28.00 to $25.00 and set a "buy" rating for the company in a research note on Tuesday, May 31st. Finally, Morgan Stanley raised their price target on shares of Regions Financial from $26.00 to $28.00 and gave the company an "overweight" rating in a research note on Monday, July 25th. Eight investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $24.60.