Regions Financial’s (RF) Overweight Rating Reiterated at Cantor Fitzgerald

Regions Financial (NYSE:RF)‘s stock had its “overweight” rating restated by equities researchers at Cantor Fitzgerald in a note issued to investors on Wednesday, MarketBeat.com reports. They currently have a $32.00 target price on the bank’s stock. Cantor Fitzgerald‘s price objective suggests a potential upside of 14.06% from the company’s previous close.

RF has been the topic of a number of other reports. Brean Capital raised shares of Regions Financial from a “neutral” rating to a “buy” rating and set a $33.00 price objective on the stock in a report on Monday. UBS Group lowered their price target on shares of Regions Financial from $33.00 to $30.00 and set a “neutral” rating on the stock in a report on Monday, October 5th. Wall Street Zen raised shares of Regions Financial from a “sell” rating to a “hold” rating in a report on Saturday, September 19th. Truist Financial lowered their price target on shares of Regions Financial from $31.00 to $30.00 and set a “hold” rating on the stock in a report on Tuesday. Finally, Citigroup upped their price target 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. Seven investment analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and three have assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $31.33.

Regions Financial Stock Performance

Shares of RF traded up $0.21 during trading hours on Wednesday, reaching $28.06. 1,631,654 shares of the company traded hands, compared to its average volume of 11,590,287. The stock has a market capitalization of $23.90 billion, a P/E ratio of 11.01, a P/E/G ratio of 1.11 and a beta of 1.05. The company has a quick ratio of 0.81, a current ratio of 0.82 and a debt-to-equity ratio of 0.36. Regions Financial has a 12-month low of $23.59 and a 12-month high of $32.47. The business has a fifty day moving average price of $28.97 and a 200-day moving average price of $29.02.

Regions Financial (NYSE:RF) last announced its quarterly earnings data on Friday, October 16th. The bank reported $0.73 earnings per share for the quarter, beating analysts’ consensus estimates of $0.67 by $0.06. The firm had revenue of $1.99 billion for the quarter, compared to analyst estimates of $1.99 billion. Regions Financial had a net margin of 23.97% and a return on equity of 13.43%. The business’s quarterly revenue was up 3.0% compared to the same quarter last year. During the same period in the previous year, the company earned $0.63 earnings per share. Equities analysts anticipate that Regions Financial will post 2.66 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of RF. WPG Advisers LLC raised its stake in shares of Regions Financial by 83.5% during the 2nd quarter. WPG Advisers LLC now owns 813 shares of the bank’s stock worth $25,000 after buying an additional 370 shares during the period. Master S Wealth Management Inc. raised its stake in shares of Regions Financial by 1.0% during the 1st quarter. Master S Wealth Management Inc. now owns 38,631 shares of the bank’s stock worth $1,009,000 after buying an additional 372 shares during the period. Legacy Wealth Managment LLC ID raised its stake in shares of Regions Financial by 17.3% during the 1st quarter. Legacy Wealth Managment LLC ID now owns 2,589 shares of the bank’s stock worth $68,000 after buying an additional 381 shares during the period. Wedmont Private Capital raised its stake in shares of Regions Financial by 4.7% during the 2nd quarter. Wedmont Private Capital now owns 9,344 shares of the bank’s stock worth $290,000 after buying an additional 418 shares during the period. Finally, CX Institutional raised its stake in shares of Regions Financial by 3.3% during the 2nd quarter. CX Institutional now owns 14,063 shares of the bank’s stock worth $425,000 after buying an additional 449 shares during the period. Institutional investors and hedge funds own 79.39% of the company’s stock.

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, institutions and governments.

Regions Bank offers checking and savings accounts, consumer and commercial loans, credit products, mortgages, treasury and cash-management services, investment and wealth-management solutions, and insurance-related services.