Regions Financial (NYSE:RF) Given New $26.00 Price Target at Truist Financial

Regions Financial (NYSE:RF) had its price target hoisted by research analysts at Truist Financial from $25.00 to $26.00 in a report issued on Tuesday,Benzinga reports. The brokerage presently has a “hold” rating on the bank’s stock. Truist Financial’s price objective would suggest a potential upside of 5.19% from the company’s previous close.

Several other research analysts have also recently weighed in on the company. Wedbush increased their price objective on Regions Financial from $28.00 to $30.00 and gave the stock an “outperform” rating in a research report on Monday, October 21st. Barclays increased their price objective on Regions Financial from $25.00 to $26.00 and gave the stock an “underweight” rating in a research report on Monday, January 6th. Compass Point increased their price objective on Regions Financial from $25.00 to $31.00 and gave the stock a “buy” rating in a research report on Tuesday, December 10th. Keefe, Bruyette & Woods upgraded Regions Financial from a “market perform” rating to an “outperform” rating and raised their price target for the stock from $27.00 to $28.00 in a research report on Thursday, October 31st. Finally, Evercore ISI raised their price target on Regions Financial from $24.50 to $26.00 and gave the stock an “in-line” rating in a research report on Wednesday, October 2nd. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and eleven have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $27.67.

Regions Financial Stock Up 2.1 %

NYSE RF traded up $0.52 during trading hours on Tuesday, reaching $24.72. 3,197,603 shares of the company’s stock were exchanged, compared to its average volume of 8,642,974. The company’s 50-day moving average is $25.07 and its two-hundred day moving average is $23.44. Regions Financial has a one year low of $17.42 and a one year high of $27.96. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.83 and a current ratio of 0.84. The company has a market capitalization of $22.47 billion, a price-to-earnings ratio of 12.74, a price-to-earnings-growth ratio of 2.31 and a beta of 1.21.

Regions Financial (NYSE:RF) last released its quarterly earnings results on Friday, January 17th. The bank reported $0.56 earnings per share for the quarter, topping analysts’ consensus estimates of $0.55 by $0.01. Regions Financial had a return on equity of 12.83% and a net margin of 20.20%. The firm had revenue of $1.82 billion during the quarter, compared to the consensus estimate of $1,857,300 billion. During the same quarter in the prior year, the firm posted $0.39 EPS. The business’s revenue was up .2% on a year-over-year basis. On average, analysts forecast that Regions Financial will post 2.27 EPS for the current fiscal year.

Institutional Investors Weigh In On Regions Financial

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. American National Bank & Trust grew its position in Regions Financial by 1,856.7% during the third quarter. American National Bank & Trust now owns 1,174 shares of the bank’s stock worth $27,000 after buying an additional 1,114 shares in the last quarter. Quarry LP raised its position in shares of Regions Financial by 157.2% in the 2nd quarter. Quarry LP now owns 1,335 shares of the bank’s stock worth $27,000 after acquiring an additional 816 shares in the last quarter. Truvestments Capital LLC bought a new position in Regions Financial during the 3rd quarter valued at approximately $37,000. Legacy Investment Solutions LLC bought a new position in Regions Financial during the 3rd quarter valued at approximately $37,000. Finally, Bruce G. Allen Investments LLC increased its holdings in shares of Regions Financial by 163.1% in the 3rd quarter. Bruce G. Allen Investments LLC now owns 2,392 shares of the bank’s stock worth $56,000 after purchasing an additional 1,483 shares in the last quarter. 79.39% of the stock is currently owned by 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.