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.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on RF. Truist Financial cut their price objective on shares of Regions Financial from $27.00 to $25.00 and set a "buy" rating on the stock in a research report on Wednesday, June 15th. Keefe, Bruyette & Woods raised shares of Regions Financial from an "underperform" rating to a "market perform" rating and lifted their price objective for the stock from $24.00 to $26.00 in a research report on Thursday, June 2nd. Wedbush lifted their target price on shares of Regions Financial to $24.00 in a research note on Monday, July 25th. Robert W. Baird reiterated a "neutral" rating and issued a $23.00 target price on shares of Regions Financial in a research note on Wednesday, August 3rd. Finally, Morgan Stanley lifted their target price on shares of Regions Financial from $26.00 to $28.00 and gave the stock an "overweight" rating in a research note on Monday, July 25th. Eight equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $24.60.

Regions Financial Stock Performance

Shares of RF traded down $0.22 during trading hours on Friday, hitting $22.74. The stock had a trading volume of 40,473 shares, compared to its average volume of 7,328,772. 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 firm has a 50-day moving average price of $20.13 and a 200 day moving average price of $21.47. Regions Financial has a fifty-two week low of $18.01 and a fifty-two week high of $25.57. The firm has a market capitalization of $21.25 billion, a price-to-earnings ratio of 10.34, a PEG ratio of 0.32 and a beta of 1.29.

Regions Financial (NYSE:RF - Get Rating) last issued its quarterly earnings results on Friday, July 22nd. The bank reported $0.59 EPS for the quarter, topping the consensus estimate of $0.53 by $0.06. The company had revenue of $1.75 billion during 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 earned $0.77 EPS. As a group, research analysts anticipate that Regions Financial will post 2.35 EPS for the current year.

Regions Financial Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, October 3rd. Investors of record on Friday, September 2nd will be issued a $0.20 dividend. This represents a $0.80 annualized dividend and a yield of 3.52%. The ex-dividend date is Thursday, September 1st. This is a positive change from Regions Financial's previous quarterly dividend of $0.17. Regions Financial's payout ratio is presently 30.63%.