Regions Financial (NYSE:RF) Price Target Raised to $30.00 at Citigroup

Regions Financial (NYSE:RF) had its price objective increased by research analysts at Citigroup from $26.00 to $30.00 in a note issued to investors on Thursday,Benzinga reports. The brokerage currently has a “buy” rating on the bank’s stock. Citigroup’s price objective would indicate a potential upside of 9.95% from the stock’s previous close.

RF has been the subject of a number of other research reports. Keefe, Bruyette & Woods raised shares of Regions Financial from a “market perform” rating to an “outperform” rating and lifted their price objective for the company from $27.00 to $28.00 in a report on Thursday, October 31st. Stephens upgraded Regions Financial from an “equal weight” rating to an “overweight” rating and set a $26.00 price target for the company in a research note on Tuesday, October 29th. Truist Financial increased their price target on Regions Financial from $25.00 to $26.00 and gave the stock a “hold” rating in a research report on Monday, October 21st. Argus upgraded Regions Financial from a “hold” rating to a “buy” rating and set a $26.00 price objective for the company in a research report on Thursday, October 24th. Finally, DA Davidson increased their target price on Regions Financial from $27.00 to $29.00 and gave the company a “buy” rating in a research report on Monday, October 21st. One research analyst has rated the stock with a sell rating, six have issued a hold rating and eleven have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Regions Financial currently has a consensus rating of “Moderate Buy” and an average price target of $26.41.

Regions Financial Stock Up 2.0 %

Regions Financial stock opened at $27.29 on Thursday. The business’s 50-day moving average price is $23.95 and its 200 day moving average price is $21.77. 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 firm has a market cap of $24.80 billion, a price-to-earnings ratio of 15.42, a price-to-earnings-growth ratio of 2.72 and a beta of 1.16. Regions Financial has a 52 week low of $15.79 and a 52 week high of $27.32.

Regions Financial (NYSE:RF) last released its quarterly earnings data on Friday, October 18th. The bank reported $0.49 EPS for the quarter, missing the consensus estimate of $0.53 by ($0.04). The company had revenue of $1.79 billion during the quarter, compared to analysts’ expectations of $1.80 billion. Regions Financial had a return on equity of 12.60% and a net margin of 18.78%. The company’s revenue for the quarter was down 3.7% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.49 EPS. As a group, sell-side analysts anticipate that Regions Financial will post 2.12 earnings per share for the current year.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of RF. EntryPoint Capital LLC acquired a new stake in shares of Regions Financial in the first quarter valued at approximately $26,000. American National Bank & Trust grew its holdings in Regions Financial by 1,856.7% in the 3rd quarter. American National Bank & Trust now owns 1,174 shares of the bank’s stock valued at $27,000 after buying an additional 1,114 shares in the last quarter. Quarry LP grew its holdings in Regions Financial by 157.2% in the 2nd quarter. Quarry LP now owns 1,335 shares of the bank’s stock valued at $27,000 after buying an additional 816 shares in the last quarter. Whittier Trust Co. of Nevada Inc. increased its stake in shares of Regions Financial by 530.0% in the 2nd quarter. Whittier Trust Co. of Nevada Inc. now owns 1,493 shares of the bank’s stock worth $30,000 after acquiring an additional 1,256 shares during the last quarter. Finally, Innealta Capital LLC purchased a new position in shares of Regions Financial during the 2nd quarter worth $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.