Regions Financial (NYSE:RF) Price target reduced to $20.00

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Regions Financial (NYSE: RF – Get Note) saw its target price lowered by stock analysts Wolfe Research from $24.00 to $20.00 in a note to investors on Thursday, reports The Fly. Wolfe Research’s price target would point to a potential decline of 5.53% from the stock’s previous close.

Other research analysts have also recently published reports on the company. StockNews.com began covering Regions Financial in a report on Thursday, March 31. They have placed a “holding” rating on the stock. Wells Fargo & Company downgraded Regions Financial from a “weighted” to an “overweight” rating and raised its price target for the company from $24.00 to $26.00 in a Monday 11 research note. april. Citigroup reaffirmed a “buy” rating on Regions Financial shares in a Thursday, March 24 research note. JPMorgan Chase & Co. raised its price target on Regions Financial from $26.50 to $27.00 in a Thursday, Feb. 3 research note. Finally, Morgan Stanley cut its price target on Regions Financial from $31.00 to $30.00 and set an “overweight” rating on the stock in a Monday, March 28 report. One analyst rated the stock with a sell rating, seven gave the company a hold rating and seven gave the company a buy rating. According to data from MarketBeat.com, Regions Financial currently has a consensus rating of “Hold” and a consensus price target of $25.91.

NYSE:RF shares opened at $21.17 on Thursday. The company has a current ratio of 0.83, a quick ratio of 0.82 and a debt ratio of 0.15. The stock’s fifty-day simple moving average is $21.34 and its two-hundred-day simple moving average is $22.62. Regions Financial has a 1 year low of $18.02 and a 1 year high of $25.57. The stock has a market capitalization of $19.78 billion, a PE ratio of 8.82, a growth price-earnings ratio of 0.56 and a beta of 1.26.

Regions Financial (NYSE:RF – Get Rating) last released its quarterly results on Friday, April 22. The bank reported earnings per share (EPS) of $0.55 for the quarter, beating consensus analyst estimates of $0.48 by $0.07. The company posted revenue of $1.60 billion in the quarter, versus a consensus estimate of $1.62 billion. Regions Financial achieved a return on equity of 14.96% and a net margin of 36.85%. The company’s revenue for the quarter decreased 0.3% year over year. In the same quarter last year, the company posted EPS of $0.63. On average, sell-side analysts expect Regions Financial to post earnings per share of 2.22 for the current fiscal year.

A number of large investors have recently changed their positions in the company. New World Advisors LLC acquired a new stock position in Regions Financial in Q3 worth $440,000. The Public Sector Pension Investment Board increased its stake in Regions Financial by 6.8% during the third quarter. The Public Sector Pension Investment Board now owns 160,992 shares of the bank worth $3,431,000 after purchasing an additional 10,300 shares during the period. First Republic Investment Management Inc. increased its stake in Regions Financial by 4.7% during the third quarter. First Republic Investment Management Inc. now owns 252,714 shares of the bank worth $5,385,000 after purchasing an additional 11,281 shares during the period. Geode Capital Management LLC increased its equity stake in Regions Financial by 5.6% in the third quarter. Geode Capital Management LLC now owns 19,871,344 shares of the bank valued at $422,611,000 after purchasing an additional 1,047,339 shares in the last quarter. Finally, Oppenheimer Asset Management Inc. increased its holding in Regions Financial shares by 1.7% in the third quarter. Oppenheimer Asset Management Inc. now owns 107,450 shares of the bank valued at $2,289,000 after buying 1,745 additional shares in the last quarter. 74.90% of the shares are currently held by institutional investors.

Regions Finance Company Profile (Get a rating)

Regions Financial Corporation, a financial holding company, provides banking and related services to individuals and businesses. 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 real estate, commercial and real estate loans to investors; equipment leasing financing; deposit products; and securities underwriting and placement, loan syndication and placement, foreign exchange, derivatives, mergers and acquisitions and other advisory services.

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