Regions Financial Co. (NYSE:RF) Receives $27.18 Average PT from Analysts

Regions Financial Co. (NYSE:RF) has been assigned a consensus rating of “Moderate Buy” from the eighteen brokerages that are covering the company, Marketbeat Ratings reports. One research analyst has rated the stock with a sell recommendation, six have issued a hold recommendation and eleven have given a buy recommendation to the company. The average 1 year price target among analysts that have updated their coverage on the stock in the last year is $27.61.

Several research analysts have commented on the stock. Deutsche Bank Aktiengesellschaft raised shares of Regions Financial from a “hold” rating to a “buy” rating and lifted their price target for the stock from $24.00 to $26.00 in a research note on Thursday, October 24th. DA Davidson upped their price target on shares of Regions Financial from $27.00 to $29.00 and gave the company a “buy” rating in a research report on Monday, October 21st. Wells Fargo & Company raised their price target on Regions Financial from $24.00 to $28.00 and gave the stock an “equal weight” rating in a research report on Friday, November 15th. The Goldman Sachs Group increased their price objective on Regions Financial from $29.00 to $33.00 and gave the company a “buy” rating in a research note on Tuesday, November 26th. Finally, StockNews.com raised shares of Regions Financial from a “sell” rating to a “hold” rating in a report on Friday, October 25th.

Regions Financial Stock Performance

Shares of RF opened at $25.10 on Monday. Regions Financial has a 12-month low of $17.42 and a 12-month high of $27.96. The company has a current ratio of 0.84, a quick ratio of 0.83 and a debt-to-equity ratio of 0.35. The company has a market cap of $22.81 billion, a PE ratio of 14.19, a price-to-earnings-growth ratio of 2.64 and a beta of 1.19. The stock has a 50-day moving average price of $25.07 and a 200-day moving average price of $22.47.

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

Regions Financial Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, January 2nd. Stockholders of record on Monday, December 2nd will be given a $0.25 dividend. The ex-dividend date is Monday, December 2nd. This represents a $1.00 dividend on an annualized basis and a dividend yield of 3.98%. Regions Financial’s dividend payout ratio is currently 56.50%.

Hedge Funds Weigh In On Regions Financial

Several institutional investors and hedge funds have recently modified their holdings of the stock. Quarry LP grew its stake in shares of Regions Financial by 29.5% in the third quarter. Quarry LP now owns 1,729 shares of the bank’s stock worth $40,000 after acquiring an additional 394 shares during the period. Private Advisor Group LLC lifted its position in shares of Regions Financial by 1.8% during the 3rd quarter. Private Advisor Group LLC now owns 24,928 shares of the bank’s stock valued at $581,000 after buying an additional 429 shares in the last quarter. CWM LLC grew its stake in shares of Regions Financial by 1.1% during the 3rd quarter. CWM LLC now owns 42,346 shares of the bank’s stock valued at $988,000 after acquiring an additional 480 shares during the period. Resonant Capital Advisors LLC raised its stake in Regions Financial by 2.4% during the 3rd quarter. Resonant Capital Advisors LLC now owns 21,845 shares of the bank’s stock worth $515,000 after acquiring an additional 506 shares during the period. Finally, Centaurus Financial Inc. lifted its holdings in Regions Financial by 5.9% during the third quarter. Centaurus Financial Inc. now owns 9,768 shares of the bank’s stock valued at $228,000 after purchasing an additional 540 shares in the last quarter. 79.39% of the stock is currently owned by institutional investors.

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.