The price of Regions Financial Corporation (NYSE:RF) shares last traded on Wall Street fell -0.11% to $17.96.
Based on available information, 29 analysts follow Regions Financial Corporation (NYSE:RF). The consensus rating among analysts is ‘Overweight’. As we calculate the median target price by taking the range between a high of $26.00 and a low of $19.00, we find $22.00. Given the previous closing price of $17.98, this indicates a potential upside of 22.36 percent. RF stock price is now -7.00% away from the 50-day moving average and -9.47% away from the 200-day moving average. The market capitalization of the company currently stands at $16.87B.
Among analysts, 14 rate the stock a hold while 14 rate it a buy. Brokers who have rated the stock have averaged $21.96 as their price target over the next twelve months.
With the price target reduced from $21 to $20, Truist Downgraded its rating from Buy to Hold for Regions Financial Corporation (NYSE: RF).
In other news, Smith Ronald G., SEVP sold 10,000 shares of the company’s stock on Aug 07. The stock was sold for $209,300 at an average price of $20.93. Upon completion of the transaction, the SEVP now directly owns 281,151 shares in the company, valued at $5.05 million. An SEC document containing details of the transaction can be found on the SEC’s website. On May 17, Director Hill J Thomas bought 11,926 shares of the business’s stock. A total of $200,134 was incurred on buying the stock at an average price of $16.78. This leaves the insider owning 23,107 shares of the company worth $0.42 million. Insiders disposed of 625,468 shares of company stock worth roughly $11.23 million over the past 1 year. A total of 0.24% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in RF stock. A new stake in Regions Financial Corporation shares was purchased by EPOCH INVESTMENT PARTNERS, INC. during the first quarter worth $57,251,000. HOLOCENE ADVISORS, LP invested $53,746,000 in shares of RF during the first quarter. In the first quarter, WALLEYE CAPITAL LLC acquired a new stake in Regions Financial Corporation valued at approximately $19,450,000. MARSHALL WACE, LLP acquired a new stake in RF for approximately $8,023,000. POINT72 EUROPE (LONDON) LLP purchased a new stake in RF valued at around $7,574,000 in the second quarter. In total, there are 1,161 active investors with 77.50% ownership of the company’s stock.
A candlestick chart of Regions Financial Corporation (NYSE: RF) showed a price of $17.80 on Friday morning. During the past 12 months, Regions Financial Corporation has had a low of $13.94 and a high of $24.33. The fifty day moving average price for RF is $19.31 and a two-hundred day moving average price translates $19.82 for the stock.
The latest earnings results from Regions Financial Corporation (NYSE: RF) was released for Jun, 2023. According to the Banks – Regional Company, earnings per share came in at $0.59, inline with analysts’ expectations of $0.59. This compares to $0.59 EPS in the same period last year. The net profit margin was 35.20% and return on equity was 15.20% for RF. The company reported revenue of $1.74 billion for the quarter, compared to $1.16 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 50.56 percent. For the current quarter, analysts expect RF to generate $1.89B in revenue.
Moreover, the firm recently paid out its quarterly dividend on 10/02/2023. Investors who held shares on 09/01/2023 were paid a $0.24 dividend. On an annualized basis, this represents a $0.96 dividend and a 5.35% percent yield. There was an ex-dividend date of 08/31/2023 for this dividend. In terms of dividend payout ratio, RF is presently at 32.60%.
