Regions Financial (NYSE:RF) PT Lowered to $25.00

Regions Financial (NYSE:RF) had its price target decreased by Morgan Stanley from $27.00 to $25.00 in a report released on Monday, Benzinga reports. Morgan Stanley currently has an overweight rating on the bank’s stock.

Several other research analysts have also recently weighed in on the company. Evercore ISI lifted their price target on Regions Financial from $20.00 to $22.00 and gave the company an in-line rating in a research report on Thursday, March 28th. Stephens reissued an equal weight rating and issued a $21.00 price target on shares of Regions Financial in a report on Tuesday, January 23rd. Argus downgraded Regions Financial from a buy rating to a hold rating in a report on Tuesday, January 23rd. Barclays reissued an underweight rating and issued a $22.00 price target (up from $20.00) on shares of Regions Financial in a report on Tuesday, January 2nd. Finally, Truist Financial decreased their price target on Regions Financial from $22.00 to $20.00 and set a hold rating for the company in a report on Monday. Two investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of Hold and a consensus price target of $20.17.

Regions Financial Price Performance

Shares of RF stock opened at $19.61 on Monday. Regions Financial has a 1-year low of $13.72 and a 1-year high of $21.08. The stock’s 50-day moving average is $19.41 and its 200 day moving average is $18.07. The company has a market cap of $18.02 billion, a P/E ratio of 10.66, a PEG ratio of 1.42 and a beta of 1.21. The company has a debt-to-equity ratio of 0.22, a current ratio of 0.83 and a quick ratio of 0.82.

Regions Financial (NYSE:RF) last issued its quarterly earnings data on Friday, April 19th. The bank reported $0.37 earnings per share for the quarter, missing analysts’ consensus estimates of $0.45 by ($0.08). The company had revenue of $1.75 billion for the quarter, compared to the consensus estimate of $1.75 billion. Regions Financial had a net margin of 19.75% and a return on equity of 13.28%. Regions Financial’s revenue for the quarter was down 10.5% compared to the same quarter last year. During the same period in the previous year, the business earned $0.62 EPS. Research analysts predict that Regions Financial will post 1.95 earnings per share for the current fiscal year.

Regions Financial Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, July 1st. Investors of record on Monday, June 3rd will be paid a $0.24 dividend. This represents a $0.96 annualized dividend and a yield of 4.90%. The ex-dividend date of this dividend is Friday, May 31st. Regions Financial’s dividend payout ratio is currently 52.17%.

Insider Activity at Regions Financial

In related news, Director William C. Rhodes III bought 50,000 shares of the company’s stock in a transaction on Tuesday, April 23rd. The stock was bought at an average cost of $19.37 per share, for a total transaction of $968,500.00. Following the acquisition, the director now directly owns 50,000 shares in the company, valued at $968,500. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 0.33% of the stock is owned by corporate insiders.

Institutional Trading of Regions Financial

Large investors have recently added to or reduced their stakes in the stock. Norges Bank purchased a new position in shares of Regions Financial during the 4th quarter worth $210,379,000. Wellington Management Group LLP grew its holdings in shares of Regions Financial by 8.4% during the 3rd quarter. Wellington Management Group LLP now owns 53,824,390 shares of the bank’s stock worth $925,780,000 after purchasing an additional 4,160,768 shares during the period. Bahl & Gaynor Inc. grew its holdings in shares of Regions Financial by 162.1% during the 3rd quarter. Bahl & Gaynor Inc. now owns 5,904,595 shares of the bank’s stock worth $101,559,000 after purchasing an additional 3,651,390 shares during the period. Vanguard Group Inc. grew its holdings in shares of Regions Financial by 2.7% during the 4th quarter. Vanguard Group Inc. now owns 117,704,755 shares of the bank’s stock worth $2,281,118,000 after purchasing an additional 3,119,237 shares during the period. Finally, MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH purchased a new position in shares of Regions Financial during the 1st quarter worth $33,829,000. 79.39% of the stock is currently 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.