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.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on RF shares. Truist Financial dropped their target price 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. Citigroup downgraded shares of Regions Financial from a "buy" rating to a "neutral" rating and dropped their target price for the company from $25.00 to $20.00 in a research report on Tuesday, July 12th. Morgan Stanley raised their price objective on shares of Regions Financial from $26.00 to $28.00 and gave the stock an "overweight" rating in a research report on Monday, July 25th. Wedbush raised their price objective on shares of Regions Financial to $24.00 in a research report on Monday, July 25th. Finally, Wolfe Research lowered their price objective on shares of Regions Financial from $24.00 to $20.00 and set a "peer perform" rating on the stock in a research report on Thursday, May 26th. Eight 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, the stock presently has an average rating of "Moderate Buy" and an average price target of $24.60.

Regions Financial Stock Performance

Shares of NYSE:RF traded down $0.09 during midday trading on Monday, hitting $21.26. The stock had a trading volume of 5,571,927 shares, compared to its average volume of 9,283,438. The company has a market capitalization of $19.87 billion, a PE ratio of 9.58, a P/E/G ratio of 0.31 and a beta of 1.29. The stock has a 50 day moving average price of $20.03 and a two-hundred day moving average price of $21.48. The company has a current ratio of 0.82, a quick ratio of 0.82 and a debt-to-equity ratio of 0.16. Regions Financial has a 1 year low of $18.01 and a 1 year high of $25.57.

Regions Financial (NYSE:RF - Get Rating) last issued its earnings results on Friday, July 22nd. The bank reported $0.59 earnings per share for the quarter, beating the consensus estimate of $0.53 by $0.06. The business 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 firm earned $0.77 earnings per share. As a group, equities analysts predict that Regions Financial will post 2.34 earnings per share for the current fiscal year.

Regions Financial Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, October 3rd. Investors of record on Friday, September 2nd will be paid a $0.20 dividend. This is a boost 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 3.76%. Regions Financial's dividend payout ratio (DPR) is 30.63%.