Regions Financial’s (RF) “Underperform” Rating Reaffirmed at Robert W. Baird

Regions Financial (NYSE:RF)‘s stock had its “underperform” rating restated by equities researchers at Robert W. Baird in a note issued to investors on Monday,Benzinga reports. They currently have a $28.00 target price on the bank’s stock. Robert W. Baird’s price target points to a potential downside of 7.54% from the stock’s current price.

A number of other brokerages also recently weighed in on RF. Piper Sandler dropped their target price on shares of Regions Financial from $31.00 to $28.00 and set a “neutral” rating for the company in a research note on Monday, March 30th. Truist Financial reiterated a “hold” rating and issued a $30.00 price objective on shares of Regions Financial in a research report on Tuesday, April 21st. Royal Bank Of Canada boosted their target price on Regions Financial from $29.00 to $31.00 and gave the stock an “outperform” rating in a research report on Monday, April 20th. Morgan Stanley boosted their price objective on Regions Financial from $34.00 to $35.00 and gave the stock an “equal weight” rating in a report on Monday, June 29th. Finally, DA Davidson raised their target price on shares of Regions Financial from $31.00 to $32.00 and gave the company a “buy” rating in a research note on Monday, April 20th. Seven analysts have rated the stock with a Buy rating, eight have issued a Hold rating and four have issued a Sell rating to the company. Based on data from MarketBeat, the company has an average rating of “Hold” and an average target price of $30.62.

Regions Financial Trading Up 0.0%

RF stock opened at $30.29 on Monday. 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 stock has a market capitalization of $25.84 billion, a price-to-earnings ratio of 12.62, a P/E/G ratio of 1.15 and a beta of 1.00. The business has a fifty day moving average price of $28.38 and a 200 day moving average price of $28.01. Regions Financial has a fifty-two week low of $22.70 and a fifty-two week high of $31.53.

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

Insider Activity at Regions Financial

In other news, EVP Brian R. Willman sold 7,014 shares of the company’s stock in a transaction dated Thursday, May 7th. The stock was sold at an average price of $27.91, for a total value of $195,760.74. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.34% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the company. Swiss Life Asset Management Ltd boosted its position in shares of Regions Financial by 244.4% during the fourth quarter. Swiss Life Asset Management Ltd now owns 2,255,888 shares of the bank’s stock worth $61,135,000 after purchasing an additional 1,600,926 shares in the last quarter. Schroder Investment Management Group increased its position in shares of Regions Financial by 11.2% in the 3rd quarter. Schroder Investment Management Group now owns 1,732,045 shares of the bank’s stock valued at $45,899,000 after buying an additional 173,871 shares in the last quarter. Interval Partners LP raised its stake in Regions Financial by 30.5% during the 3rd quarter. Interval Partners LP now owns 786,307 shares of the bank’s stock worth $20,735,000 after buying an additional 183,694 shares during the period. Korea Investment CORP lifted its holdings in Regions Financial by 177.2% during the third quarter. Korea Investment CORP now owns 2,407,473 shares of the bank’s stock worth $63,485,000 after acquiring an additional 1,538,827 shares in the last quarter. Finally, Waterloo Capital L.P. lifted its holdings in Regions Financial by 123.7% during the fourth quarter. Waterloo Capital L.P. now owns 135,909 shares of the bank’s stock worth $3,683,000 after acquiring an additional 75,149 shares in the last quarter. Institutional investors and hedge funds 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.