Regions Financial Corporation (NYSE:RF) Receives Consensus Recommendation of “Hold” from Brokerages

Shares of Regions Financial Corporation (NYSE:RF) have received a consensus rating of “Hold” from the eighteen ratings firms that are covering the stock, MarketBeat.com reports. Three equities research analysts have rated the stock with a sell recommendation, eight have issued a hold recommendation and seven have given a buy recommendation to the company. The average twelve-month price target among brokerages that have issued a report on the stock in the last year is $30.4667.

A number of analysts have recently commented on RF shares. Royal Bank Of Canada lifted their price target on shares of Regions Financial from $29.00 to $31.00 and gave the stock an “outperform” rating in a research note on Monday, April 20th. Morgan Stanley cut their price target on Regions Financial from $37.00 to $34.00 and set an “equal weight” rating for the company in a research note on Tuesday, March 31st. Truist Financial restated a “hold” rating and set a $30.00 price target on shares of Regions Financial in a research note on Tuesday, April 21st. DA Davidson boosted their price target on Regions Financial from $31.00 to $32.00 and gave the company a “buy” rating in a research note on Monday, April 20th. Finally, JPMorgan Chase & Co. cut their price target on Regions Financial from $31.50 to $29.00 and set a “neutral” rating for the company in a research note on Tuesday, April 7th.

Insider Activity

In related news, EVP Brian R. Willman sold 7,014 shares of the business’s stock in a transaction that occurred on Thursday, May 7th. The stock was sold at an average price of $27.91, for a total transaction of $195,760.74. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 0.34% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in RF. Darwin Wealth Management LLC bought a new position in shares of Regions Financial during the 2nd quarter valued at approximately $25,000. United Community Bank bought a new position in Regions Financial in the 3rd quarter worth approximately $30,000. SouthState Bank Corp boosted its stake in Regions Financial by 94.1% in the 4th quarter. SouthState Bank Corp now owns 1,110 shares of the bank’s stock worth $30,000 after purchasing an additional 538 shares during the period. Spire Wealth Management boosted its stake in Regions Financial by 91.5% in the 4th quarter. Spire Wealth Management now owns 1,166 shares of the bank’s stock worth $32,000 after purchasing an additional 557 shares during the period. Finally, Princeton Global Asset Management LLC boosted its stake in Regions Financial by 260.4% in the 4th quarter. Princeton Global Asset Management LLC now owns 1,182 shares of the bank’s stock worth $32,000 after purchasing an additional 854 shares during the period. 79.39% of the stock is currently owned by institutional investors.

Regions Financial Price Performance

RF opened at $27.87 on Monday. Regions Financial has a 1 year low of $20.79 and a 1 year high of $31.53. The stock has a 50-day moving average price of $26.95 and a 200-day moving average price of $27.29. The company has a debt-to-equity ratio of 0.18, a current ratio of 0.80 and a quick ratio of 0.80. The firm has a market cap of $23.78 billion, a PE ratio of 11.61, a P/E/G ratio of 1.09 and a beta of 1.02.

Regions Financial (NYSE:RF) last announced its quarterly earnings results on Friday, April 17th. The bank reported $0.62 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.61 by $0.01. Regions Financial had a net margin of 23.13% and a return on equity of 12.70%. The firm had revenue of $1.87 billion for the quarter, compared to the consensus estimate of $1.92 billion. During the same quarter last year, the firm posted $0.54 EPS. The business’s quarterly revenue was up 5.0% compared to the same quarter last year. Sell-side analysts predict that Regions Financial will post 2.61 earnings per share for the current fiscal year.

Regions Financial Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, July 1st. Shareholders of record on Monday, June 1st will be paid a dividend of $0.265 per share. This represents a $1.06 dividend on an annualized basis and a dividend yield of 3.8%. The ex-dividend date is Monday, June 1st. Regions Financial’s payout ratio is currently 44.17%.

About Regions Financial

Regions Financial Corporation (NYSE: RF) is a U.S. bank holding company headquartered in Birmingham, Alabama, that provides a broad range of banking and financial services. Its primary banking subsidiary, Regions Bank, serves retail and commercial customers through a combination of branch and ATM networks, digital channels and relationship-based delivery. The company offers deposit accounts, consumer and commercial loans, mortgage origination and servicing, and payment and treasury services.

In addition to core banking, Regions offers wealth management, trust and brokerage services, insurance solutions, and capital markets capabilities to corporate and institutional clients.