Regions Financial’s (RF) “Market Perform” Rating Reaffirmed at Keefe, Bruyette & Woods

Regions Financial (NYSE:RF)‘s stock had its “market perform” rating restated by equities research analysts at Keefe, Bruyette & Woods in a report issued on Tuesday,Benzinga reports. They presently have a $31.00 target price on the bank’s stock. Keefe, Bruyette & Woods’ price objective indicates a potential upside of 11.63% from the stock’s previous close.

A number of other equities research analysts have also weighed in on RF. Wall Street Zen lowered shares of Regions Financial from a “hold” rating to a “sell” rating in a report on Saturday, December 13th. Cowen restated a “buy” rating on shares of Regions Financial in a research note on Tuesday, October 21st. Piper Sandler reiterated a “neutral” rating and issued a $31.00 price target (up previously from $29.00) on shares of Regions Financial in a research note on Tuesday. Weiss Ratings reissued a “buy (b)” rating on shares of Regions Financial in a report on Monday, December 29th. Finally, Morgan Stanley set a $31.00 price objective on Regions Financial in a report on Monday. Seven research analysts have rated the stock with a Buy rating, seven have given a Hold rating and three have issued a Sell rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $29.27.

Regions Financial Price Performance

Shares of NYSE RF opened at $27.77 on Tuesday. The company has a debt-to-equity ratio of 0.23, a current ratio of 0.80 and a quick ratio of 0.80. Regions Financial has a 1-year low of $17.74 and a 1-year high of $29.25. The company has a market capitalization of $24.35 billion, a price-to-earnings ratio of 12.13, a PEG ratio of 0.99 and a beta of 1.03. The business has a 50-day moving average of $26.75 and a 200-day moving average of $26.01.

Regions Financial (NYSE:RF) last released its quarterly earnings results on Friday, January 16th. The bank reported $0.57 EPS for the quarter, missing the consensus estimate of $0.61 by ($0.04). Regions Financial had a return on equity of 12.55% and a net margin of 22.44%.The company had revenue of $1.92 billion for the quarter, compared to analyst estimates of $1.94 billion. During the same period last year, the firm posted $0.56 earnings per share. The business’s revenue was up 5.8% on a year-over-year basis. On average, equities analysts anticipate that Regions Financial will post 2.26 EPS for the current fiscal year.

Regions Financial announced that its Board of Directors has authorized a stock buyback plan on Wednesday, December 10th that permits the company to repurchase $3.00 billion in shares. This repurchase authorization permits the bank to repurchase up to 12.9% of its shares through open market purchases. Shares repurchase plans are usually an indication that the company’s leadership believes its shares are undervalued.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. American National Bank & Trust raised its position in shares of Regions Financial by 2,433.3% during the 2nd quarter. American National Bank & Trust now owns 1,064 shares of the bank’s stock valued at $25,000 after acquiring an additional 1,022 shares in the last quarter. CVA Family Office LLC increased its stake in Regions Financial by 163.2% during the second quarter. CVA Family Office LLC now owns 1,058 shares of the bank’s stock valued at $25,000 after purchasing an additional 656 shares during the last quarter. Darwin Wealth Management LLC bought a new stake in Regions Financial during the second quarter valued at $25,000. FNY Investment Advisers LLC acquired a new stake in shares of Regions Financial during the second quarter worth $30,000. Finally, United Community Bank bought a new position in shares of Regions Financial in the 3rd quarter worth about $30,000. Institutional investors own 79.39% of the company’s stock.

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.