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 Analyst Weigh In

A number of brokerages recently commented on RF. Truist Financial decreased their price target on Regions Financial from $27.00 to $25.00 and set a "buy" rating for the company in a research report on Wednesday, June 15th. The Goldman Sachs Group decreased their price target on Regions Financial from $28.00 to $25.00 and set a "buy" rating for the company in a research report on Tuesday, May 31st. Morgan Stanley increased their price target on Regions Financial from $26.00 to $28.00 and gave the company an "overweight" rating in a research report on Monday, July 25th. Raymond James raised Regions Financial from a "market perform" rating to an "outperform" rating and set a $23.00 price target for the company in a research report on Thursday, July 7th. Finally, Robert W. Baird reissued a "neutral" rating and issued a $23.00 target price on shares of Regions Financial in a research report on Wednesday, August 3rd. Eight investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $24.60.

Regions Financial Stock Down 0.2 %

RF opened at $22.91 on Tuesday. The company has a market cap of $21.41 billion, a P/E ratio of 10.32, a P/E/G ratio of 0.33 and a beta of 1.29. The business's 50-day moving average price is $20.09 and its 200-day moving average price is $21.45. 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 12 month low of $18.01 and a 12 month high of $25.57.

Regions Financial (NYSE:RF - Get Rating) last released 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 firm had revenue of $1.75 billion for the quarter, compared to the consensus estimate of $1.69 billion. Regions Financial had a return on equity of 14.07% and a net margin of 32.85%. During the same quarter in the previous year, the business earned $0.77 earnings per share. On average, equities analysts expect that Regions Financial will post 2.34 EPS for the current year.

Regions Financial Increases Dividend

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