Regions Financial (NYSE:RF) Price Target Raised to $30.00

Regions Financial (NYSE:RF – Get Rating) had its target price upped by Morgan Stanley from $28.00 to $30.00 in a research report report published on Monday morning, Benzinga reports. They currently have an overweight rating on the bank’s stock.

A number of other equities research analysts have also recently issued reports on the stock. Deutsche Bank Aktiengesellschaft cut their price objective on shares of Regions Financial from $25.00 to $24.00 in a research note on Friday, January 6th. StockNews.com started coverage on shares of Regions Financial in a research note on Wednesday, October 12th. They issued a hold rating for the company. DA Davidson started coverage on shares of Regions Financial in a research note on Tuesday, December 20th. They issued a buy rating and a $25.00 price objective for the company. Wells Fargo & Company cut shares of Regions Financial from an outperform rating to a market perform rating in a research note on Monday, November 21st. Finally, Stephens increased their price target on shares of Regions Financial from $23.00 to $24.00 and gave the company an equal weight rating in a research report on Tuesday, October 25th. Ten analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of Hold and an average price target of $24.72.

Regions Financial Stock Performance

NYSE RF opened at $22.96 on Monday. The company’s 50 day moving average is $22.01 and its 200-day moving average is $21.56. Regions Financial has a 12-month low of $18.01 and a 12-month high of $25.57. The company has a quick ratio of 0.81, a current ratio of 0.82 and a debt-to-equity ratio of 0.16. The firm has a market cap of $21.45 billion, a P/E ratio of 10.11, a price-to-earnings-growth ratio of 0.90 and a beta of 1.21.

Regions Financial (NYSE:RF – Get Rating) last posted its earnings results on Friday, October 21st. The bank reported $0.56 earnings per share for the quarter, missing analysts’ consensus estimates of $0.59 by ($0.03). The firm had revenue of $1.87 billion for the quarter, compared to the consensus estimate of $1.81 billion. Regions Financial had a return on equity of 16.14% and a net margin of 29.81%. The business’s revenue was up 15.9% on a year-over-year basis. During the same period last year, the company posted $0.66 EPS. Sell-side analysts predict that Regions Financial will post 2.5 earnings per share for the current year.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. CI Investments Inc. raised its holdings in Regions Financial by 991.2% in the 3rd quarter. CI Investments Inc. now owns 1,244 shares of the bank’s stock valued at $25,000 after buying an additional 1,130 shares during the period. Hudock Inc. acquired a new position in shares of Regions Financial during the second quarter worth about $37,000. McElhenny Sheffield Capital Management LLC acquired a new position in shares of Regions Financial during the fourth quarter worth about $43,000. SeaCrest Wealth Management LLC acquired a new position in shares of Regions Financial during the second quarter worth about $43,000. Finally, Parkside Financial Bank & Trust grew its position in shares of Regions Financial by 41.7% during the first quarter. Parkside Financial Bank & Trust now owns 2,505 shares of the bank’s stock worth $56,000 after buying an additional 737 shares in the last quarter. Hedge funds and other institutional investors own 72.87% of the company’s stock.

About Regions Financial

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Regions Financial Corp. operates as a bank holding company. It provides traditional commercial, retail and mortgage banking services, as well as other financial services in the fields of investment banking, asset management, trust, mutual funds, securities brokerage, insurance and other financing. The firm operates through the following segments: Corporate Bank, Consumer Bank, Wealth Management, and Other.