Regions Financial (NYSE:RF) Posts Earnings Results

Regions Financial (NYSE:RF) posted its earnings results on Friday. The bank reported $0.56 earnings per share for the quarter, topping analysts’ consensus estimates of $0.55 by $0.01, RTT News reports. The firm had revenue of $1.82 billion for the quarter, compared to the consensus estimate of $1,857,300 billion. Regions Financial had a return on equity of 12.60% and a net margin of 18.78%. The business’s revenue for the quarter was up .2% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.39 EPS.

Regions Financial Stock Performance

RF stock opened at $24.24 on Friday. The company has a market cap of $22.03 billion, a P/E ratio of 13.69, a price-to-earnings-growth ratio of 2.21 and a beta of 1.21. The company has a debt-to-equity ratio of 0.35, a current ratio of 0.84 and a quick ratio of 0.83. The stock’s fifty day moving average price is $25.11 and its 200-day moving average price is $23.37. Regions Financial has a 1 year low of $17.42 and a 1 year high of $27.96.

Wall Street Analyst Weigh In

Several analysts recently weighed in on the company. Citigroup upped their price target on Regions Financial from $26.00 to $30.00 and gave the stock a “buy” rating in a research note on Thursday, November 21st. Truist Financial upgraded Regions Financial to a “hold” rating in a research note on Monday, January 6th. Compass Point upped their price target on Regions Financial from $25.00 to $31.00 and gave the stock a “buy” rating in a research note on Tuesday, December 10th. Wells Fargo & Company increased their target price on Regions Financial from $24.00 to $28.00 and gave the company an “equal weight” rating in a research note on Friday, November 15th. Finally, Stephens upgraded Regions Financial from an “equal weight” rating to an “overweight” rating and set a $26.00 target price on the stock in a research note on Tuesday, October 29th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and eleven have issued a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $27.67.

Regions Financial Company Profile

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.