The Goldman Sachs Group Issues Positive Forecast for Regions Financial (NYSE:RF) Stock Price

Regions Financial (NYSE:RF) had its target price upped by The Goldman Sachs Group from $29.00 to $33.00 in a research report issued on Tuesday,Benzinga reports. The brokerage currently has a “buy” rating on the bank’s stock. The Goldman Sachs Group’s price objective would indicate a potential upside of 21.06% from the stock’s previous close.

Other equities research analysts have also issued reports about the stock. DA Davidson lifted their price target on shares of Regions Financial from $27.00 to $29.00 and gave the stock a “buy” rating in a research note on Monday, October 21st. Evercore ISI upped their target price on Regions Financial from $24.50 to $26.00 and gave the company an “in-line” rating in a research report on Wednesday, October 2nd. Stephens raised Regions Financial from an “equal weight” rating to an “overweight” rating and set a $26.00 price target on the stock in a research report on Tuesday, October 29th. Wells Fargo & Company increased their price objective on Regions Financial from $24.00 to $28.00 and gave the company an “equal weight” rating in a report on Friday, November 15th. Finally, Keefe, Bruyette & Woods raised shares of Regions Financial from a “market perform” rating to an “outperform” rating and lifted their target price for the company from $27.00 to $28.00 in a report on Thursday, October 31st. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and eleven have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Regions Financial presently has an average rating of “Moderate Buy” and an average price target of $26.71.

Regions Financial Stock Down 0.8 %

Shares of Regions Financial stock opened at $27.26 on Tuesday. The company has a quick ratio of 0.83, a current ratio of 0.84 and a debt-to-equity ratio of 0.35. The company has a 50 day moving average of $24.16 and a 200 day moving average of $21.91. The company has a market capitalization of $24.78 billion, a P/E ratio of 15.65, a P/E/G ratio of 2.83 and a beta of 1.16. Regions Financial has a 52-week low of $15.79 and a 52-week high of $27.96.

Regions Financial (NYSE:RF) last announced its quarterly earnings results on Friday, October 18th. The bank reported $0.49 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.53 by ($0.04). Regions Financial had a return on equity of 12.60% and a net margin of 18.78%. The business had revenue of $1.79 billion for the quarter, compared to analysts’ expectations of $1.80 billion. During the same period last year, the firm earned $0.49 earnings per share. The firm’s quarterly revenue was down 3.7% on a year-over-year basis. As a group, research analysts forecast that Regions Financial will post 2.12 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the stock. EntryPoint Capital LLC acquired a new position in shares of Regions Financial during the 1st quarter worth $26,000. American National Bank & Trust lifted its holdings in shares of Regions Financial by 1,856.7% in the third quarter. American National Bank & Trust now owns 1,174 shares of the bank’s stock valued at $27,000 after purchasing an additional 1,114 shares in the last quarter. Quarry LP increased its stake in shares of Regions Financial by 157.2% during the 2nd quarter. Quarry LP now owns 1,335 shares of the bank’s stock worth $27,000 after purchasing an additional 816 shares in the last quarter. Whittier Trust Co. of Nevada Inc. raised its position in shares of Regions Financial by 530.0% during the 2nd quarter. Whittier Trust Co. of Nevada Inc. now owns 1,493 shares of the bank’s stock worth $30,000 after purchasing an additional 1,256 shares during the last quarter. Finally, Innealta Capital LLC purchased a new stake in Regions Financial in the 2nd quarter valued at approximately $32,000. 79.39% of the stock is owned by hedge funds and other institutional investors.

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.