Regions Financial (NYSE:RF) Price Target Raised to $26.00

Regions Financial (NYSE:RF) had its target price lifted by Barclays from $25.00 to $26.00 in a report released on Monday morning,Benzinga reports. Barclays currently has an underweight rating on the bank’s stock.

RF has been the subject of a number of other reports. DA Davidson upped their price objective on shares of Regions Financial from $27.00 to $29.00 and gave the stock a “buy” rating in a report on Monday, October 21st. Wells Fargo & Company upped their price target on Regions Financial from $24.00 to $28.00 and gave the stock an “equal weight” rating in a research note on Friday, November 15th. Argus raised Regions Financial from a “hold” rating to a “buy” rating and set a $26.00 price objective on the stock in a research note on Thursday, October 24th. StockNews.com raised Regions Financial from a “sell” rating to a “hold” rating in a research report on Friday, October 25th. Finally, The Goldman Sachs Group lifted their price target on shares of Regions Financial from $29.00 to $33.00 and gave the company a “buy” rating in a research report on Tuesday, November 26th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and eleven have issued a buy rating to the company’s stock. Based on data from MarketBeat, Regions Financial currently has an average rating of “Moderate Buy” and a consensus price target of $27.67.

Regions Financial Price Performance

Shares of RF opened at $23.81 on Monday. The company has a debt-to-equity ratio of 0.35, a current ratio of 0.84 and a quick ratio of 0.83. The company has a market capitalization of $21.64 billion, a price-to-earnings ratio of 13.45, a P/E/G ratio of 2.61 and a beta of 1.19. The business’s 50-day moving average is $25.19 and its 200-day moving average is $23.17. Regions Financial has a fifty-two week low of $17.42 and a fifty-two week high of $27.96.

Regions Financial (NYSE:RF) last released its earnings results on Friday, October 18th. The bank reported $0.49 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.53 by ($0.04). The company had revenue of $1.79 billion during the quarter, compared to analysts’ expectations of $1.80 billion. Regions Financial had a return on equity of 12.60% and a net margin of 18.78%. The firm’s quarterly revenue was down 3.7% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.49 EPS. Equities research analysts expect that Regions Financial will post 2.12 EPS for the current fiscal year.

Regions Financial Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, January 2nd. Stockholders of record on Monday, December 2nd were paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 4.20%. The ex-dividend date was Monday, December 2nd. Regions Financial’s dividend payout ratio (DPR) is currently 56.50%.

Institutional Investors Weigh In On Regions Financial

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Citigroup Inc. grew its holdings in shares of Regions Financial by 20.0% during the third quarter. Citigroup Inc. now owns 1,519,299 shares of the bank’s stock worth $35,445,000 after purchasing an additional 253,708 shares during the last quarter. Commerce Bank grew its holdings in Regions Financial by 392.5% during the 3rd quarter. Commerce Bank now owns 248,325 shares of the bank’s stock worth $5,793,000 after acquiring an additional 197,900 shares during the last quarter. National Pension Service grew its holdings in Regions Financial by 6.3% during the 3rd quarter. National Pension Service now owns 1,722,024 shares of the bank’s stock worth $40,175,000 after acquiring an additional 102,380 shares during the last quarter. National Bank of Canada FI increased its position in Regions Financial by 575.8% in the 3rd quarter. National Bank of Canada FI now owns 1,705,273 shares of the bank’s stock valued at $39,784,000 after acquiring an additional 1,452,956 shares in the last quarter. Finally, DRW Securities LLC bought a new position in shares of Regions Financial in the third quarter worth about $1,659,000. 79.39% of the stock is owned by institutional investors and hedge funds.

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.