Regions Financial Co. (NYSE:RF – Get Free Report) has earned a consensus recommendation of “Hold” from the eighteen ratings firms that are presently covering the company, Marketbeat.com reports. One equities 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 target price among brokers that have issued a report on the stock in the last year is $20.39.
Several brokerages have issued reports on RF. StockNews.com cut Regions Financial from a “hold” rating to a “sell” rating in a report on Friday, July 5th. Keefe, Bruyette & Woods lowered their price target on Regions Financial from $22.00 to $21.00 and set a “market perform” rating for the company in a report on Tuesday. Piper Sandler increased their price target on Regions Financial from $20.00 to $21.00 and gave the stock a “neutral” rating in a report on Friday, April 26th. Truist Financial increased their price target on Regions Financial from $20.00 to $21.00 and gave the stock a “hold” rating in a report on Monday. Finally, Jefferies Financial Group increased their price target on Regions Financial from $22.00 to $24.00 and gave the stock a “buy” rating in a report on Wednesday, July 3rd.
View Our Latest Stock Analysis on Regions Financial
Regions Financial Trading Up 2.6 %
Shares of RF stock opened at $20.71 on Friday. The company has a debt-to-equity ratio of 0.22, a current ratio of 0.83 and a quick ratio of 0.82. The company has a market cap of $18.97 billion, a price-to-earnings ratio of 11.26, a PEG ratio of 2.16 and a beta of 1.18. The stock has a 50 day simple moving average of $19.38 and a 200-day simple moving average of $19.22. Regions Financial has a 1-year low of $13.72 and a 1-year high of $21.08.
Regions Financial (NYSE:RF – Get Free Report) last issued its quarterly earnings results on Friday, April 19th. The bank reported $0.37 EPS 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 firm had revenue of $1.75 billion for the quarter, compared to analysts’ expectations of $1.75 billion. During the same quarter in the previous year, the firm posted $0.62 earnings per share. The firm’s revenue for the quarter was down 10.5% compared to the same quarter last year. On average, equities research analysts expect that Regions Financial will post 1.96 EPS for the current fiscal year.
Regions Financial Announces Dividend
The business also recently declared a quarterly dividend, which was paid on Monday, July 1st. Shareholders of record on Monday, June 3rd were given a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a yield of 4.64%. The ex-dividend date of this dividend was Monday, June 3rd. Regions Financial’s dividend payout ratio is currently 52.17%.
Insider Buying and Selling at Regions Financial
In other news, EVP William D. Ritter sold 23,000 shares of the stock in a transaction dated Friday, May 3rd. The stock was sold at an average price of $19.95, for a total value of $458,850.00. Following the transaction, the executive vice president now owns 41,671 shares in the company, valued at approximately $831,336.45. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. In other news, EVP William D. Ritter sold 23,000 shares of the stock in a transaction dated Friday, May 3rd. The stock was sold at an average price of $19.95, for a total value of $458,850.00. Following the transaction, the executive vice president now owns 41,671 shares in the company, valued at approximately $831,336.45. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director William C. Rhodes III purchased 50,000 shares of the company’s stock in a transaction that occurred on Tuesday, April 23rd. The shares were purchased at an average price of $19.37 per share, for a total transaction of $968,500.00. Following the purchase, the director now directly owns 50,000 shares in the company, valued at $968,500. The disclosure for this purchase can be found here. 0.33% of the stock is owned by corporate insiders.
Institutional Inflows and Outflows
Several hedge funds and other institutional investors have recently modified their holdings of the stock. EntryPoint Capital LLC acquired a new stake in shares of Regions Financial in the 1st quarter valued at approximately $26,000. Laurel Wealth Advisors LLC lifted its holdings in shares of 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 buying an additional 649 shares during the period. ICA Group Wealth Management LLC acquired a new stake in shares of Regions Financial in the 4th quarter valued at approximately $28,000. Sound Income Strategies LLC lifted its holdings in shares of Regions Financial by 103.2% in the 4th quarter. Sound Income Strategies LLC now owns 1,477 shares of the bank’s stock valued at $29,000 after buying an additional 750 shares during the period. Finally, Glassman Wealth Services lifted its holdings in shares of Regions Financial by 163.3% in the 4th quarter. Glassman Wealth Services now owns 1,559 shares of the bank’s stock valued at $30,000 after buying an additional 967 shares during the period. 79.39% of the stock is currently owned by hedge funds and other institutional investors.
About Regions Financial
(Get Free Report
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.
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