Citigroup Has Lowered Expectations for Regions Financial (NYSE:RF) Stock Price

Regions Financial (NYSE:RF) had its target price dropped by stock analysts at Citigroup from $28.00 to $25.00 in a research note issued to investors on Monday,Benzinga reports. The brokerage presently has a “buy” rating on the bank’s stock. Citigroup’s price objective suggests a potential upside of 12.46% from the company’s previous close.

Other analysts also recently issued research reports about the stock. Piper Sandler raised their price target on shares of Regions Financial from $25.00 to $29.00 and gave the stock a “neutral” rating in a report on Tuesday, December 3rd. Compass Point lifted their target price on Regions Financial from $25.00 to $31.00 and gave the company a “buy” rating in a research report on Tuesday, December 10th. Barclays upped their price target on Regions Financial from $25.00 to $26.00 and gave the company an “underweight” rating in a research note on Monday, January 6th. Truist Financial cut their price objective on Regions Financial from $26.00 to $24.00 and set a “hold” rating for the company in a research report on Friday. Finally, Morgan Stanley reaffirmed an “equal weight” rating and issued a $32.00 target price (up previously from $28.00) on shares of Regions Financial in a research report on Monday, December 9th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and eleven have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $27.28.

Regions Financial Trading Up 2.4 %

Regions Financial stock traded up $0.52 during trading on Monday, reaching $22.23. 875,568 shares of the company were exchanged, compared to its average volume of 8,716,195. The company has a debt-to-equity ratio of 0.37, a current ratio of 0.84 and a quick ratio of 0.83. The stock’s 50 day simple moving average is $23.46 and its two-hundred day simple moving average is $23.96. The company has a market capitalization of $20.13 billion, a P/E ratio of 11.46, a PEG ratio of 1.93 and a beta of 1.19. Regions Financial has a 52-week low of $17.72 and a 52-week high of $27.96.

Regions Financial (NYSE:RF) last announced its quarterly earnings results on Friday, January 17th. The bank reported $0.56 earnings per share for the quarter, beating the consensus estimate of $0.55 by $0.01. Regions Financial had a net margin of 20.20% and a return on equity of 12.83%. The firm had revenue of $1.82 billion for the quarter, compared to analysts’ expectations of $1.86 billion. During the same quarter in the previous year, the company posted $0.39 EPS. The company’s revenue was up .2% compared to the same quarter last year. On average, equities research analysts expect that Regions Financial will post 2.26 earnings per share for the current fiscal year.

Insider Buying and Selling at Regions Financial

In other Regions Financial news, Director Joia M. Johnson acquired 2,300 shares of the stock in a transaction on Tuesday, March 11th. The shares were bought at an average cost of $21.18 per share, with a total value of $48,714.00. Following the transaction, the director now owns 17,486 shares of the company’s stock, valued at approximately $370,353.48. This trade represents a 15.15 % increase in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders have acquired a total of 3,993 shares of company stock worth $89,682 over the last ninety days. Corporate insiders own 0.29% of the company’s stock.

Hedge Funds Weigh In On Regions Financial

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Thrivent Financial for Lutherans increased its holdings in shares of Regions Financial by 9.2% in the third quarter. Thrivent Financial for Lutherans now owns 79,453 shares of the bank’s stock valued at $1,855,000 after purchasing an additional 6,665 shares during the period. Intech Investment Management LLC increased its stake in Regions Financial by 24.9% in the 3rd quarter. Intech Investment Management LLC now owns 104,866 shares of the bank’s stock valued at $2,447,000 after buying an additional 20,929 shares during the period. Citigroup Inc. increased its stake in Regions Financial by 20.0% in the 3rd quarter. Citigroup Inc. now owns 1,519,299 shares of the bank’s stock valued at $35,445,000 after buying an additional 253,708 shares during the period. Cerity Partners LLC raised its position in Regions Financial by 9.7% during the 3rd quarter. Cerity Partners LLC now owns 483,032 shares of the bank’s stock worth $11,269,000 after buying an additional 42,520 shares during the last quarter. Finally, Centaurus Financial Inc. boosted its holdings in shares of Regions Financial by 5.9% in the third quarter. Centaurus Financial Inc. now owns 9,768 shares of the bank’s stock valued at $228,000 after acquiring an additional 540 shares in the last quarter. Hedge funds and other institutional investors own 79.39% of the company’s stock.

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.