Regions Financial (NYSE:RF) Coverage Initiated at Stephens

Investment analysts at Stephens assumed coverage on shares of Regions Financial (NYSE:RF) in a research report issued to clients and investors on Monday. The brokerage set an “equal weight” rating on the bank’s stock.

A number of other analysts have also weighed in on RF. Royal Bank Of Canada upped their target price on shares of Regions Financial from $29.00 to $31.00 and gave the stock an “outperform” rating in a report on Monday, April 20th. Truist Financial reaffirmed a “hold” rating and set a $30.00 target price on shares of Regions Financial in a report on Tuesday, April 21st. Brean Capital assumed coverage on shares of Regions Financial in a report on Thursday, March 12th. They set a “neutral” rating on the stock. Piper Sandler decreased their target price on shares of Regions Financial from $31.00 to $28.00 and set a “neutral” rating on the stock in a report on Monday, March 30th. Finally, JPMorgan Chase & Co. decreased their target price on shares of Regions Financial from $31.50 to $29.00 and set a “neutral” rating on the stock in a report on Tuesday, April 7th. Seven equities research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and three have issued a Sell rating to the stock. Based on data from MarketBeat.com, Regions Financial presently has an average rating of “Hold” and a consensus price target of $30.47.

Regions Financial Stock Performance

Shares of NYSE RF traded down $0.19 during midday trading on Monday, hitting $29.09. The company’s stock had a trading volume of 2,755,854 shares, compared to its average volume of 13,038,798. The stock has a fifty day moving average price of $27.79 and a 200 day moving average price of $27.67. Regions Financial has a one year low of $21.40 and a one year high of $31.53. The company has a current ratio of 0.80, a quick ratio of 0.80 and a debt-to-equity ratio of 0.18. The firm has a market capitalization of $24.82 billion, a price-to-earnings ratio of 12.11, a P/E/G ratio of 1.14 and a beta of 1.00.

Regions Financial (NYSE:RF) last posted its quarterly earnings results on Friday, April 17th. The bank reported $0.62 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.61 by $0.01. Regions Financial had a net margin of 23.13% and a return on equity of 12.70%. The company had revenue of $1.87 billion for the quarter, compared to analyst estimates of $1.92 billion. During the same quarter in the previous year, the firm posted $0.54 earnings per share. The company’s quarterly revenue was up 5.0% compared to the same quarter last year. On average, research analysts forecast that Regions Financial will post 2.61 EPS for the current fiscal year.

Insider Activity at Regions Financial

In other news, EVP Brian R. Willman sold 7,014 shares of Regions Financial stock in a transaction that occurred on Thursday, May 7th. The shares were sold at an average price of $27.91, for a total value of $195,760.74. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.34% of the stock is owned by corporate insiders.

Institutional Trading of Regions Financial

A number of large investors have recently made changes to their positions in the stock. Empowered Funds LLC grew its position in Regions Financial by 7.2% during the first quarter. Empowered Funds LLC now owns 19,152 shares of the bank’s stock valued at $416,000 after buying an additional 1,278 shares during the period. Woodline Partners LP lifted its position in shares of Regions Financial by 40.7% in the first quarter. Woodline Partners LP now owns 76,797 shares of the bank’s stock valued at $1,669,000 after acquiring an additional 22,216 shares in the last quarter. Baird Financial Group Inc. lifted its holdings in shares of Regions Financial by 0.7% in the second quarter. Baird Financial Group Inc. now owns 71,717 shares of the bank’s stock worth $1,687,000 after buying an additional 511 shares in the last quarter. Federated Hermes Inc. lifted its holdings in shares of Regions Financial by 81.2% in the second quarter. Federated Hermes Inc. now owns 11,677 shares of the bank’s stock worth $275,000 after buying an additional 5,233 shares in the last quarter. Finally, Daiwa Securities Group Inc. lifted its holdings in shares of Regions Financial by 5.0% in the second quarter. Daiwa Securities Group Inc. now owns 141,155 shares of the bank’s stock worth $3,320,000 after buying an additional 6,690 shares in the last quarter. 79.39% of the stock is currently owned by institutional investors.

Regions Financial Company Profile

Regions Financial Corporation (NYSE: RF) is a U.S. bank holding company headquartered in Birmingham, Alabama, that provides a broad range of banking and financial services. Its primary banking subsidiary, Regions Bank, serves retail and commercial customers through a combination of branch and ATM networks, digital channels and relationship-based delivery. The company offers deposit accounts, consumer and commercial loans, mortgage origination and servicing, and payment and treasury services.

In addition to core banking, Regions offers wealth management, trust and brokerage services, insurance solutions, and capital markets capabilities to corporate and institutional clients.