Regions Financial (NYSE:RF) Price Target Increased to $24.00 by Analysts at Jefferies Financial Group

Regions Financial (NYSE:RF) had its target price boosted by Jefferies Financial Group from $22.00 to $24.00 in a research note issued on Wednesday, Benzinga reports. The brokerage currently has a “buy” rating on the bank’s stock. Jefferies Financial Group’s price objective would indicate a potential upside of 19.46% from the stock’s current price.

A number of other analysts have also commented on RF. Keefe, Bruyette & Woods boosted their price target on Regions Financial from $21.00 to $22.00 and gave the company a “market perform” rating in a report on Friday, April 5th. Morgan Stanley cut their target price on Regions Financial from $27.00 to $25.00 and set an “overweight” rating on the stock in a research note on Monday, April 22nd. Truist Financial decreased their price target on shares of Regions Financial from $22.00 to $20.00 and set a “hold” rating for the company in a research note on Monday, April 22nd. StockNews.com raised shares of Regions Financial from a “sell” rating to a “hold” rating in a research report on Thursday, June 27th. Finally, Citigroup upgraded shares of Regions Financial from a “neutral” rating to a “buy” rating and increased their target price for the stock from $20.00 to $23.00 in a report on Monday, March 18th. One equities research analyst has rated the stock with a sell rating, twelve have issued a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $20.39.

Regions Financial Stock Performance

NYSE RF remained flat at $20.09 during trading hours on Wednesday. The company had a trading volume of 2,244,980 shares, compared to its average volume of 8,016,159. The company has a debt-to-equity ratio of 0.22, a current ratio of 0.83 and a quick ratio of 0.82. The firm has a market capitalization of $18.40 billion, a P/E ratio of 10.92, a price-to-earnings-growth ratio of 2.19 and a beta of 1.18. The business’s 50 day moving average price is $19.32 and its 200-day moving average price is $19.18. Regions Financial has a twelve month low of $13.72 and a twelve month high of $21.08.

Regions Financial (NYSE:RF) last released its quarterly earnings results 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). Regions Financial had a net margin of 19.75% and a return on equity of 13.28%. The company had revenue of $1.75 billion during the quarter, compared to analyst estimates of $1.75 billion. During the same quarter last year, the company earned $0.62 EPS. The firm’s quarterly revenue was down 10.5% compared to the same quarter last year. Research analysts predict that Regions Financial will post 1.96 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, EVP William D. Ritter sold 23,000 shares of Regions Financial stock in a transaction on Friday, May 3rd. The stock was sold at an average price of $19.95, for a total transaction of $458,850.00. Following the completion of the sale, the executive vice president now owns 41,671 shares of the company’s stock, valued at $831,336.45. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In related news, Director William C. Rhodes III bought 50,000 shares of Regions Financial stock in a transaction dated Tuesday, April 23rd. The shares were bought at an average cost of $19.37 per share, with a total value of $968,500.00. Following the acquisition, the director now owns 50,000 shares in the company, valued at approximately $968,500. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP William D. Ritter sold 23,000 shares of the firm’s stock in a transaction on Friday, May 3rd. The stock was sold at an average price of $19.95, for a total value of $458,850.00. Following the completion of the transaction, the executive vice president now owns 41,671 shares in the company, valued at approximately $831,336.45. The disclosure for this sale can be found here. Company insiders own 0.33% of the company’s stock.

Institutional Investors Weigh In On Regions Financial

A number of large investors have recently bought and sold shares of RF. EntryPoint Capital LLC acquired a new position in shares of Regions Financial during the 1st quarter worth $26,000. Laurel Wealth Advisors LLC grew its holdings 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 purchasing an additional 649 shares during the last quarter. ICA Group Wealth Management LLC acquired a new stake in Regions Financial in the fourth quarter valued at approximately $28,000. Sound Income Strategies LLC grew its stake in shares of Regions Financial by 103.2% during the fourth quarter. Sound Income Strategies LLC now owns 1,477 shares of the bank’s stock worth $29,000 after buying an additional 750 shares during the last quarter. Finally, Glassman Wealth Services increased its holdings in shares of Regions Financial by 163.3% during the fourth quarter. Glassman Wealth Services now owns 1,559 shares of the bank’s stock worth $30,000 after buying an additional 967 shares in the last quarter. 79.39% of the stock is currently owned by institutional investors and hedge funds.

About Regions Financial

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.