Regions Financial (RF) Stock Forecast, Price & News

16 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Regions Financial in the last year. There are currently 8 hold ratings and 8 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" RF shares.
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16 brokerages have issued 12-month price targets for Regions Financial's stock. Their RF share price forecasts range from $20.00 to $26.00. On average, they anticipate the company's stock price to reach $23.50 in the next year. This suggests a possible upside of 30.7% from the stock's current price.
View analysts price targets for RF or view top-rated stocks among Wall Street analysts.

Regions Financial's stock was trading at $21.56 at the start of the year. Since then, RF stock has decreased by 16.6% and is now trading at $17.98.
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Regions Financial saw a increase in short interest in the month of April. As of April 30th, there was short interest totaling 26,430,000 shares, an increase of 34.3% from the April 15th total of 19,680,000 shares. Based on an average daily volume of 12,880,000 shares, the days-to-cover ratio is currently 2.1 days. Currently, 2.8% of the company's shares are sold short.
View Regions Financial's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Friday, July 28th 2023.
View our RF earnings forecast.

Regions Financial Co. (NYSE:RF) released its quarterly earnings data on Friday, April, 21st. The bank reported $0.62 EPS for the quarter, missing analysts' consensus estimates of $0.65 by $0.03. The bank earned $1.95 billion during the quarter, compared to the consensus estimate of $1.96 billion. Regions Financial had a net margin of 28.61% and a trailing twelve-month return on equity of 16.60%. Regions Financial's revenue for the quarter was up 22.0% on a year-over-year basis. During the same period in the prior year, the firm posted $0.55 earnings per share.
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Regions Financial declared a quarterly dividend on Wednesday, April 19th. Stockholders of record on Friday, June 2nd will be paid a dividend of $0.20 per share on Monday, July 3rd. This represents a $0.80 annualized dividend and a yield of 4.45%. The ex-dividend date is Thursday, June 1st.
Read our dividend analysis for RF.

ETFs with the largest weight of Regions Financial (NYSE:RF) stock in their portfolio include iShares U.S. Regional Banks ETF (IAT), Invesco KBW Bank ETF (KBWB), SPDR S&P Regional Banking ETF (KRE), First Trust Nasdaq Bank ETF (FTXO), iShares Focused Value Factor ETF (FOVL), First Trust Rising Dividend Achievers ETF (RDVY), FT Cboe Vest Rising Dividend Achievers Target Income ETF (RDVI) and Direxion Daily Regional Banks Bull 3x Shares (DPST).

Regions Financial (NYSE:RF) pays an annual dividend of $0.80 per share and currently has a dividend yield of 4.50%. RF has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The company has been increasing its dividend for 2 consecutive year(s), indicating that it does not yet have a strong track record of dividend growth. The dividend payout ratio is 34.19%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, RF will have a dividend payout ratio of 35.71% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for RF.

Regions Financial issued an update on its FY 2023 earnings guidance on Friday, April, 28th. The company provided earnings per share (EPS) guidance of for the period. The company issued revenue guidance of $7.59 billion-$7.74 billion, compared to the consensus revenue estimate of $7.69 billion.

191 employees have rated Regions Financial Chief Executive Officer John Turner on Glassdoor.com. John Turner has an approval rating of 83% among the company's employees.

Based on aggregate information from My MarketBeat watchlists, some companies that other Regions Financial investors own include Bank of America (BAC), Ford Motor (F), AT&T (T), General Electric (GE), KeyCorp (KEY), Citigroup (C), Wells Fargo & Company (WFC), Exxon Mobil (XOM), JPMorgan Chase & Co. (JPM) and Cisco Systems (CSCO).

Regions Financial trades on the New York Stock Exchange (NYSE) under the ticker symbol "RF."

Regions Financial's stock is owned by a variety of institutional and retail investors. Top institutional shareholders include BlackRock Inc. (9.89%), State Street Corp (5.36%), Wellington Management Group LLP (3.61%), Geode Capital Management LLC (2.12%), Charles Schwab Investment Management Inc. (2.00%) and LSV Asset Management (1.69%). Insiders that own company stock include Amala Duggirala, C Matthew Lusco, David J Turner Jr, David R Keenan, J Thomas Hill, John B Owen, Ronald G Smith, Scott M Peters and William D Ritter.
View institutional ownership trends.

Shares of RF stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of RF stock can currently be purchased for approximately $17.98.

Regions Financial (NYSE:RF) has a market capitalization of $16.87 billion and generates $7.53 billion in revenue each year. The bank earns $2.25 billion in net income (profit) each year or $2.34 on an earnings per share basis.

The company employs 20,073 workers across the globe.

Regions Financial's mailing address is 1900 FIFTH AVENUE NORTH, BIRMINGHAM AL, 35203. The official website for the company is www.regions.com. The bank can be reached via phone at (800) 734-4667 or via fax at 334-832-8419.