Regions Financial (NYSE:RF) Stock Gets Price Target Cut from Stephens

Regions Financial (NYSE:RF) had its price objective cut by analysts at Stephens from $32.00 to $30.00 in a research note issued to investors on Monday, Benzinga reports. The firm currently has an “equal weight” rating on the bank’s stock. Stephens’ target price suggests a potential upside of 8.66% from the company’s current price.

RF has been the subject of several other reports. Citigroup raised their price objective on Regions Financial from $32.00 to $36.00 and gave the stock a “buy” rating in a research note on Monday, July 20th. Keefe, Bruyette & Woods lifted their target price on Regions Financial from $32.00 to $33.00 and gave the stock a “market perform” rating in a report on Monday, July 20th. Cantor Fitzgerald cut their target price on Regions Financial from $35.00 to $32.00 and set an “overweight” rating on the stock in a research report on Wednesday, October 14th. Evercore reaffirmed an “underperform” rating and set a $31.00 target price on shares of Regions Financial in a research report on Monday, July 6th. Finally, Royal Bank Of Canada reaffirmed an “outperform” rating and set a $34.00 target price on shares of Regions Financial in a report on Monday, July 20th. Six research analysts have rated the stock with a Buy rating, eleven have given a Hold rating and three have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $31.55.

Regions Financial Stock Up 0.6%

RF stock opened at $27.61 on Monday. The firm has a market cap of $23.52 billion, a PE ratio of 10.81, a P/E/G ratio of 1.13 and a beta of 1.05. Regions Financial has a 12 month low of $23.59 and a 12 month high of $32.47. The company has a debt-to-equity ratio of 0.36, a current ratio of 0.82 and a quick ratio of 0.81. The firm has a 50 day simple moving average of $29.12 and a 200 day simple moving average of $29.00.

Regions Financial (NYSE:RF) last posted its quarterly earnings results on Friday, October 16th. The bank reported $0.73 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.66 by $0.07. The firm had revenue of $1.99 billion for the quarter, compared to analyst estimates of $1.99 billion. Regions Financial had a net margin of 23.97% and a return on equity of 13.43%. The firm’s quarterly revenue was up 3.0% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.63 earnings per share. Equities research analysts forecast that Regions Financial will post 2.63 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Regions Financial

Several hedge funds have recently made changes to their positions in RF. First Bank & Trust grew its holdings in shares of Regions Financial by 423.4% during the third quarter. First Bank & Trust now owns 67,686 shares of the bank’s stock valued at $1,819,000 after buying an additional 54,755 shares in the last quarter. V Square Quantitative Management LLC lifted its stake in Regions Financial by 5.8% in the 3rd quarter. V Square Quantitative Management LLC now owns 35,424 shares of the bank’s stock worth $952,000 after acquiring an additional 1,947 shares in the last quarter. Eastern Bank boosted its position in Regions Financial by 30.7% during the 3rd quarter. Eastern Bank now owns 3,839 shares of the bank’s stock worth $103,000 after acquiring an additional 901 shares during the period. Rockland Trust Co. grew its position in Regions Financial by 3.8% during the third quarter. Rockland Trust Co. now owns 50,142 shares of the bank’s stock valued at $1,348,000 after purchasing an additional 1,829 shares in the last quarter. Finally, QRG Capital Management Inc. grew its holdings in shares of Regions Financial by 13.1% during the 2nd quarter. QRG Capital Management Inc. now owns 144,105 shares of the bank’s stock valued at $4,352,000 after acquiring an additional 16,681 shares in the last quarter. Hedge funds and other institutional investors own 79.39% of the company’s stock.

About Regions Financial

Regions Financial Corporation (NYSE: RF) is a financial services company headquartered in Birmingham, Alabama. Through its principal subsidiary, Regions Bank, the company provides banking and related financial services to consumers, businesses, institutions and governments.

Regions Bank offers checking and savings accounts, consumer and commercial loans, credit products, mortgages, treasury and cash-management services, investment and wealth-management solutions, and insurance-related services.