2 weeks Ago By ABMN Staff
Regions Financial Co. ( NYSE:RF – Get Free Report ) has been given a consensus rating of “Hold” by the eighteen ratings firms that are covering the company, Marketbeat Ratings reports. One research analyst has rated the stock with a sell recommendation, eleven have assigned a hold recommendation and six have issued a buy recommendation on the company.
The average 1-year target price among brokers that have issued a report on the stock in the last year is $22.06. Several research firms have recently weighed in on RF.
Wedbush raised Regions Financial from a “neutral” rating to an “outperform” rating and boosted their target price for the company from $23.00 to $28.00 in a research report on Tuesday.
Wells Fargo & Company increased their target price on shares of Regions Financial from $18.00 to $22.00 and gave the company an “equal weight” rating in a research note on Monday, July 22nd.
Bank of America lifted their price target on shares of Regions Financial from $22.00 to $25.00 and gave the stock a “neutral” rating in a research note on Monday, July 22nd.
Royal Bank of Canada increased their price objective on shares of Regions Financial from $21.00 to $23.00 and gave the stock an “outperform” rating in a research report on Monday, July 22nd.
Finally, Evercore ISI dropped their target price on Regions Financial from $22.00 to $21.00 and set an “in-line” rating for the company in a research report on Tuesday, June 25th.
Read Our Latest Stock Report on RF Institutional Inflows and Outflows Regions Financial Stock Performance Shares of NYSE RF opened at $23.02 on Wednesday. The firm’s fifty day moving average is $22.
16 and its two-hundred day moving average is $20.51. Regions Financial has a 52-week low of $13.
72 and a 52-week high of $23.47. The company has a market cap of $21.
08 billion, a P/E ratio of 12.51, a P/E/G ratio of 2.95 and a beta of 1.
17. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.
83 and a current ratio of 0.83. Regions Financial ( NYSE:RF – Get Free Report ) last released its quarterly earnings data on Friday, July 19th.
The bank reported $0.52 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.49 by $0.
03. The business had revenue of $1.73 billion for the quarter, compared to the consensus estimate of $1.
76 billion. Regions Financial had a return on equity of 12.64% and a net margin of 18.
91%. The company’s revenue was down 11.5% compared to the same quarter last year.
During the same quarter in the previous year, the company posted $0.59 EPS. As a group, analysts anticipate that Regions Financial will post 2.
01 EPS for the current fiscal year. Regions Financial Increases Dividend The firm also recently declared a quarterly dividend, which will be paid on Tuesday, October 1st. Shareholders of record on Tuesday, September 3rd will be issued a $0.
25 dividend. This represents a $1.00 annualized dividend and a yield of 4.
34%. The ex-dividend date is Tuesday, September 3rd. This is an increase from Regions Financial’s previous quarterly dividend of $0.
24. Regions Financial’s dividend payout ratio (DPR) is currently 54.35%.
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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