Piper Sandler Boosts Regions Financial (NYSE:RF) Price Target to $21.00

Regions Financial (NYSE:RF) had its price objective increased by analysts at Piper Sandler from $20.00 to $21.00 in a note issued to investors on Friday, Benzinga reports. The brokerage presently has a “neutral” rating on the bank’s stock. Piper Sandler’s price objective suggests a potential upside of 5.74% from the company’s previous close.

Several other analysts also recently commented on RF. Morgan Stanley reduced their target price on Regions Financial from $27.00 to $25.00 and set an “overweight” rating for the company in a research note on Monday. Truist Financial reduced their price target on shares of Regions Financial from $22.00 to $20.00 and set a “hold” rating for the company in a research report on Monday. Jefferies Financial Group upgraded shares of Regions Financial from a “hold” rating to a “buy” rating and upped their price objective for the stock from $15.00 to $22.00 in a report on Tuesday, January 9th. Citigroup upgraded shares of Regions Financial from a “neutral” rating to a “buy” rating and lifted their price objective for the company from $20.00 to $23.00 in a report on Monday, March 18th. Finally, Royal Bank of Canada upped their target price on shares of Regions Financial from $19.00 to $21.00 and gave the stock an “outperform” rating in a report on Monday, January 22nd. Two research analysts have rated the stock with a sell rating, eleven have given a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat.com, Regions Financial currently has an average rating of “Hold” and a consensus price target of $20.34.

Regions Financial Trading Up 1.3 %

NYSE RF traded up $0.25 during mid-day trading on Friday, reaching $19.86. 661,788 shares of the stock were exchanged, compared to its average volume of 8,729,711. The stock has a market cap of $18.25 billion, a P/E ratio of 10.81, a P/E/G ratio of 1.45 and a beta of 1.21. The company has a debt-to-equity ratio of 0.22, a current ratio of 0.83 and a quick ratio of 0.82. Regions Financial has a one year low of $13.72 and a one year high of $21.08. The stock has a 50 day simple moving average of $19.41 and a 200-day simple moving average of $18.07.

Regions Financial (NYSE:RF) last posted its quarterly earnings data on Friday, April 19th. The bank reported $0.37 earnings per share for the quarter, missing the consensus estimate of $0.45 by ($0.08). Regions Financial had a return on equity of 13.28% and a net margin of 19.75%. The business had revenue of $1.75 billion during the quarter, compared to the consensus estimate of $1.75 billion. During the same period last year, the business posted $0.62 earnings per share. The business’s revenue was down 10.5% on a year-over-year basis. On average, analysts anticipate that Regions Financial will post 1.95 EPS for the current year.

Insider Activity at Regions Financial

In related news, Director William C. Rhodes III acquired 50,000 shares of the firm’s stock in a transaction that occurred on Tuesday, April 23rd. The shares were bought at an average cost of $19.37 per share, for a total transaction of $968,500.00. Following the purchase, the director now owns 50,000 shares in the company, valued at approximately $968,500. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.33% of the stock is owned by company insiders.

Institutional Investors Weigh In On Regions Financial

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Moisand Fitzgerald Tamayo LLC purchased a new position in Regions Financial during the third quarter valued at approximately $26,000. Laurel Wealth Advisors LLC boosted its holdings in Regions Financial by 86.5% in the 4th quarter. Laurel Wealth Advisors LLC now owns 1,399 shares of the bank’s stock valued at $27,000 after purchasing an additional 649 shares during the period. ICA Group Wealth Management LLC bought a new position in Regions Financial in the 4th quarter valued at $28,000. Sound Income Strategies LLC grew its position in shares of Regions Financial by 103.2% during the 4th quarter. Sound Income Strategies LLC now owns 1,477 shares of the bank’s stock valued at $29,000 after purchasing an additional 750 shares in the last quarter. Finally, Glassman Wealth Services increased its holdings in shares of Regions Financial by 163.3% in the fourth quarter. Glassman Wealth Services now owns 1,559 shares of the bank’s stock worth $30,000 after purchasing an additional 967 shares during the period. 79.39% of the stock is currently owned by institutional investors.

Regions Financial Company Profile

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.