Analysts Set Regions Financial Co. (NYSE:RF) Target Price at $20.34

Regions Financial Co. (NYSE:RF) has been given a consensus rating of “Hold” by the eighteen analysts that are covering the company, Marketbeat reports. One research analyst has rated the stock with a sell rating, eleven have assigned a hold rating and six have assigned a buy rating to the company. The average 12 month price target among brokerages that have issued a report on the stock in the last year is $20.39.

A number of brokerages have commented on RF. StockNews.com cut Regions Financial from a “hold” rating to a “sell” rating in a research note on Tuesday, February 6th. Barclays reaffirmed an “underweight” rating and set a $22.00 target price (up previously from $20.00) on shares of Regions Financial in a research report on Tuesday, January 2nd. Piper Sandler lifted their target price on Regions Financial from $15.00 to $18.00 and gave the company a “neutral” rating in a research report on Friday, December 8th. Royal Bank of Canada lifted their target price on Regions Financial from $19.00 to $21.00 and gave the company an “outperform” rating in a research report on Monday, January 22nd. Finally, Evercore ISI lifted their target price on Regions Financial from $20.00 to $22.00 and gave the company an “in-line” rating in a research report on Thursday, March 28th.

Hedge Funds Weigh In On Regions Financial

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Yousif Capital Management LLC boosted its holdings in shares of Regions Financial by 0.8% in the 1st quarter. Yousif Capital Management LLC now owns 149,877 shares of the bank’s stock worth $3,336,000 after purchasing an additional 1,249 shares in the last quarter. Vontobel Holding Ltd. boosted its holdings in shares of Regions Financial by 23.5% in the 1st quarter. Vontobel Holding Ltd. now owns 24,426 shares of the bank’s stock worth $553,000 after purchasing an additional 4,648 shares in the last quarter. Allianz Asset Management GmbH boosted its holdings in shares of Regions Financial by 929.9% in the 1st quarter. Allianz Asset Management GmbH now owns 1,070,728 shares of the bank’s stock worth $23,834,000 after purchasing an additional 966,768 shares in the last quarter. Brown Brothers Harriman & Co. boosted its holdings in shares of Regions Financial by 44.7% in the 1st quarter. Brown Brothers Harriman & Co. now owns 15,715 shares of the bank’s stock worth $350,000 after purchasing an additional 4,852 shares in the last quarter. Finally, Parkside Financial Bank & Trust boosted its holdings in shares of Regions Financial by 41.7% in the 1st quarter. Parkside Financial Bank & Trust now owns 2,505 shares of the bank’s stock worth $56,000 after purchasing an additional 737 shares in the last quarter. 79.39% of the stock is currently owned by hedge funds and other institutional investors.

Regions Financial Price Performance

Shares of RF opened at $20.14 on Wednesday. The company has a market capitalization of $18.51 billion, a price-to-earnings ratio of 9.64, a price-to-earnings-growth ratio of 1.47 and a beta of 1.21. The business has a 50-day moving average of $19.10 and a 200-day moving average of $17.84. The company has a debt-to-equity ratio of 0.15, a current ratio of 0.82 and a quick ratio of 0.82. Regions Financial has a 1 year low of $13.72 and a 1 year high of $21.08.

Regions Financial (NYSE:RF) last issued its earnings results on Friday, January 19th. The bank reported $0.39 earnings per share for the quarter, missing analysts’ consensus estimates of $0.48 by ($0.09). The business had revenue of $1.81 billion during the quarter, compared to the consensus estimate of $1.80 billion. Regions Financial had a return on equity of 14.50% and a net margin of 22.66%. The company’s revenue for the quarter was down 9.5% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.67 earnings per share. As a group, equities research analysts anticipate that Regions Financial will post 1.97 earnings per share for the current year.

Regions Financial Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, April 1st. Investors of record on Friday, March 1st were given a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a yield of 4.77%. The ex-dividend date was Thursday, February 29th. Regions Financial’s payout ratio is 45.93%.

About Regions Financial

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.