Wedbush Raises Regions Financial (NYSE:RF) Price Target to $30.00

by · The Cerbat Gem

Regions Financial (NYSE:RF – Get Free Report) had its price target lifted by investment analysts at Wedbush from $28.00 to $30.00 in a research report issued on Monday, Benzinga reports. The firm currently has an “outperform” rating on the bank’s stock. Wedbush’s price target indicates a potential upside of 26.58% from the stock’s previous close.

RF has been the topic of several other research reports. Keefe, Bruyette & Woods dropped their target price on shares of Regions Financial from $22.00 to $21.00 and set a “market perform” rating on the stock in a report on Tuesday, July 9th. Wells Fargo & Company upped their target price on Regions Financial from $22.00 to $24.00 and gave the company an “equal weight” rating in a research report on Monday. StockNews.com cut Regions Financial from a “hold” rating to a “sell” rating in a research note on Thursday. Royal Bank of Canada boosted their price target on Regions Financial from $21.00 to $23.00 and gave the company an “outperform” rating in a research note on Monday, July 22nd. Finally, Truist Financial raised their price objective on shares of Regions Financial from $25.00 to $26.00 and gave the stock a “hold” rating in a research report on Monday. Two research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $23.64.

Check Out Our Latest Analysis on Regions Financial

Regions Financial Trading Down 0.5 %

Shares of RF stock traded down $0.12 on Monday, hitting $23.70. The company had a trading volume of 2,944,951 shares, compared to its average volume of 7,901,552. Regions Financial has a twelve month low of $13.72 and a twelve month high of $24.47. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.83 and a current ratio of 0.83. The firm has a market cap of $21.71 billion, a P/E ratio of 12.88, a P/E/G ratio of 2.80 and a beta of 1.17. The stock’s 50-day moving average is $22.65 and its two-hundred day moving average is $20.89.

Regions Financial (NYSE:RF – Get Free Report) last released its earnings results on Friday, October 18th. The bank reported $0.57 earnings per share for the quarter, beating analysts’ consensus estimates of $0.53 by $0.04. The business had revenue of $1.79 billion during the quarter, compared to the consensus estimate of $1.80 billion. Regions Financial had a net margin of 18.91% and a return on equity of 12.64%. The company’s revenue for the quarter was down 3.7% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.49 EPS. On average, equities research analysts anticipate that Regions Financial will post 2.02 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. American National Bank & Trust lifted its position in shares of Regions Financial by 1,856.7% during the 3rd 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. EntryPoint Capital LLC purchased a new stake in shares of Regions Financial during the first quarter valued at approximately $26,000. Quarry LP lifted its holdings in Regions Financial by 157.2% during the second quarter. Quarry LP now owns 1,335 shares of the bank’s stock worth $27,000 after acquiring an additional 816 shares during the period. MV Capital Management Inc. boosted its position in Regions Financial by 75.6% in the first quarter. MV Capital Management Inc. now owns 1,435 shares of the bank’s stock worth $30,000 after purchasing an additional 618 shares during the last quarter. Finally, Whittier Trust Co. of Nevada Inc. increased its position in shares of Regions Financial by 530.0% during the 2nd quarter. Whittier Trust Co. of Nevada Inc. now owns 1,493 shares of the bank’s stock valued at $30,000 after purchasing an additional 1,256 shares during the last quarter. 79.39% of the stock is currently owned by hedge funds and other institutional investors.

Regions Financial Company Profile

(Get Free Report)

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.

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