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.

Analyst Ratings Changes

Several research analysts have weighed in on RF shares. Raymond James upgraded Regions Financial from a "market perform" rating to an "outperform" rating and set a $23.00 price objective on the stock in a research report on Thursday, July 7th. Robert W. Baird restated a "neutral" rating and issued a $23.00 price target on shares of Regions Financial in a research report on Wednesday, August 3rd. Wells Fargo & Company upgraded Regions Financial from an "equal weight" rating to an "overweight" rating and lifted their target price for the company from $24.00 to $26.00 in a research report on Monday, April 11th. Truist Financial cut their price target on Regions Financial from $27.00 to $25.00 and set a "buy" rating on the stock in a research note on Wednesday, June 15th. Finally, Keefe, Bruyette & Woods raised Regions Financial from an "underperform" rating to a "market perform" rating and lifted their price target for the company from $24.00 to $26.00 in a research note on Thursday, June 2nd. Eight research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $24.60.

Regions Financial Stock Performance

Shares of RF opened at $21.35 on Monday. The firm has a market capitalization of $19.95 billion, a P/E ratio of 9.62, a PEG ratio of 0.31 and a beta of 1.29. The company has a debt-to-equity ratio of 0.16, a current ratio of 0.82 and a quick ratio of 0.82. The business has a fifty day moving average of $20.04 and a 200 day moving average of $21.48. Regions Financial has a one year low of $18.01 and a one year 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 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.53 by $0.06. Regions Financial had a net margin of 32.85% and a return on equity of 14.07%. The firm had revenue of $1.75 billion for the quarter, compared to analysts' expectations of $1.69 billion. During the same quarter last year, the business posted $0.77 earnings per share. As a group, sell-side analysts anticipate that Regions Financial will post 2.34 EPS for the current year.

Regions Financial Increases Dividend

The firm 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. The ex-dividend date is Thursday, September 1st. This is a positive change from Regions Financial's previous quarterly dividend of $0.17. This represents a $0.80 dividend on an annualized basis and a yield of 3.75%. Regions Financial's dividend payout ratio is 30.63%.