Regions Financial (NYSE:RF) Price Target Increased to $21.00 by Analysts at Piper Sandler

Regions Financial (NYSE:RF) had its price objective lifted by Piper Sandler from $20.00 to $21.00 in a research note issued to investors on Friday morning, Benzinga reports. They currently have a neutral rating on the bank’s stock.

Several other analysts have also weighed in on RF. Keefe, Bruyette & Woods boosted their price objective on Regions Financial from $21.00 to $22.00 and gave the company a market perform rating in a report on Friday, April 5th. Argus downgraded Regions Financial from a buy rating to a hold rating in a research note on Tuesday, January 23rd. Barclays restated an underweight rating and issued a $22.00 target price (up from $20.00) on shares of Regions Financial in a research note on Tuesday, January 2nd. StockNews.com downgraded Regions Financial from a hold rating to a sell rating in a research note on Tuesday, February 6th. Finally, Royal Bank of Canada lifted their target price on Regions Financial from $19.00 to $21.00 and gave the company an outperform rating in a research note on Monday, January 22nd. Two analysts have rated the stock with a sell rating, eleven have issued a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of Hold and a consensus price target of $20.34.

Regions Financial Stock Up 0.1 %

Shares of Regions Financial stock opened at $19.62 on Friday. The company has a quick ratio of 0.82, a current ratio of 0.83 and a debt-to-equity ratio of 0.22. The firm has a market cap of $18.03 billion, a P/E ratio of 10.66, a P/E/G ratio of 1.43 and a beta of 1.21. Regions Financial has a fifty-two week low of $13.72 and a fifty-two week high of $21.08. The business has a 50-day moving average price of $19.43 and a 200 day moving average price of $18.09.

Regions Financial (NYSE:RF) last announced its quarterly earnings data on Friday, April 19th. The bank reported $0.37 earnings per share for the quarter, missing the consensus estimate of $0.45 by ($0.08). The firm had revenue of $1.75 billion during the quarter, compared to the consensus estimate of $1.75 billion. Regions Financial had a net margin of 19.75% and a return on equity of 13.28%. The firm’s quarterly revenue was down 10.5% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.62 earnings per share. On average, sell-side analysts forecast that Regions Financial will post 1.95 earnings per share for the current fiscal year.

Regions Financial Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, July 1st. Shareholders of record on Monday, June 3rd will be given a $0.24 dividend. The ex-dividend date is Friday, May 31st. This represents a $0.96 dividend on an annualized basis and a yield of 4.89%. Regions Financial’s dividend payout ratio (DPR) is 52.17%.

Insiders Place Their Bets

In other news, Director William C. Rhodes III bought 50,000 shares of the business’s stock in a transaction on Tuesday, April 23rd. The stock was purchased at an average cost of $19.37 per share, for a total transaction of $968,500.00. Following the completion of the transaction, the director now directly owns 50,000 shares of the company’s stock, valued at approximately $968,500. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.33% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Regions Financial

A number of institutional investors have recently added to or reduced their stakes in the company. Moisand Fitzgerald Tamayo LLC acquired a new stake in shares of Regions Financial during the 3rd quarter valued at $26,000. Laurel Wealth Advisors LLC lifted its position in shares of Regions Financial by 86.5% during the 4th quarter. Laurel Wealth Advisors LLC now owns 1,399 shares of the bank’s stock valued at $27,000 after acquiring an additional 649 shares during the last quarter. ICA Group Wealth Management LLC acquired a new stake in shares of Regions Financial during the 4th quarter valued at $28,000. Sound Income Strategies LLC lifted its position in shares of Regions Financial by 103.2% during the 4th quarter. Sound Income Strategies LLC now owns 1,477 shares of the bank’s stock valued at $29,000 after acquiring an additional 750 shares during the last quarter. Finally, Glassman Wealth Services lifted its position in shares of Regions Financial by 163.3% during the 4th quarter. Glassman Wealth Services now owns 1,559 shares of the bank’s stock valued at $30,000 after acquiring an additional 967 shares during the last quarter. 79.39% of the stock is currently 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.