UBS Group Cuts Regions Financial (NYSE:RF) Price Target to $30.00

Regions Financial (NYSE:RF) had its price objective cut by UBS Group from $33.00 to $30.00 in a research note issued to investors on Monday morning,Benzinga reports. They currently have a neutral rating on the bank’s stock.

RF has been the subject of a number of other reports. Evercore reissued an “underperform” rating and set a $31.00 target price on shares of Regions Financial in a research note on Monday, July 6th. Royal Bank Of Canada reaffirmed an “outperform” rating and issued a $34.00 price target on shares of Regions Financial in a research note on Monday, July 20th. Citigroup lifted their price objective on shares of Regions Financial from $32.00 to $36.00 and gave the company a “buy” rating in a report on Monday, July 20th. Jefferies Financial Group reissued a “hold” rating and issued a $32.00 price objective on shares of Regions Financial in a research report on Friday, July 17th. Finally, Morgan Stanley dropped their target price on shares of Regions Financial from $36.00 to $35.00 and set an “equal weight” rating on the stock in a research note on Monday, September 28th. Six equities research analysts have rated the stock with a Buy rating, eleven have given a Hold rating and three have issued a Sell rating to the stock. According to MarketBeat, Regions Financial presently has a consensus rating of “Hold” and a consensus target price of $31.79.

Regions Financial Trading Down 1.3%

Shares of NYSE RF opened at $26.68 on Monday. Regions Financial has a fifty-two week low of $22.70 and a fifty-two week high of $32.47. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.81 and a current ratio of 0.81. The company has a market cap of $22.73 billion, a price-to-earnings ratio of 10.89, a PEG ratio of 1.12 and a beta of 1.05. The business’s 50 day moving average price is $29.72 and its 200-day moving average price is $28.92.

Regions Financial (NYSE:RF) last posted its quarterly earnings data on Friday, July 17th. The bank reported $0.68 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.63 by $0.05. The company had revenue of $1.95 billion during the quarter, compared to analysts’ expectations of $1.94 billion. Regions Financial had a return on equity of 12.88% and a net margin of 23.33%.Regions Financial’s revenue was up .1% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.60 EPS. On average, sell-side analysts expect that Regions Financial will post 2.63 earnings per share for the current year.

Regions Financial Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, October 1st. Investors of record on Tuesday, September 1st were issued a $0.30 dividend. The ex-dividend date was Tuesday, September 1st. This is an increase from Regions Financial’s previous quarterly dividend of $0.2650. This represents a $1.20 annualized dividend and a dividend yield of 4.5%. Regions Financial’s dividend payout ratio is presently 48.98%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. WPG Advisers LLC lifted its position in shares of Regions Financial by 83.5% in the 2nd quarter. WPG Advisers LLC now owns 813 shares of the bank’s stock worth $25,000 after purchasing an additional 370 shares during the period. Keating Financial Advisory Services Inc. bought a new position in Regions Financial in the second quarter worth approximately $25,000. Trust Co. of Vermont bought a new position in Regions Financial in the second quarter worth approximately $26,000. Gables Capital Management Inc. purchased a new stake in Regions Financial during the second quarter worth $30,000. Finally, SouthState Bank Corp lifted its holdings in Regions Financial by 94.1% during the fourth quarter. SouthState Bank Corp now owns 1,110 shares of the bank’s stock worth $30,000 after buying an additional 538 shares during the period. 79.39% of the stock is currently owned by institutional investors.

Regions Financial Company Profile

Regions Financial Corporation (NYSE: RF) is a financial services company headquartered in Birmingham, Alabama. Through its principal subsidiary, Regions Bank, the company provides banking and related financial services to consumers, businesses, and institutions.

Regions offers a range of products and services, including checking and savings accounts, consumer and commercial loans, mortgages, credit cards, treasury and cash-management services, investment and wealth-management solutions, and capital-markets services.