Regions Financial Corporation (NYSE:RF) PT Increased to $29.00

In a note sent out to investors on Tuesday, analysts from Barclays increased the price objective they had previously set for Regions Financial (NYSE: RF) from $27.00 to $29.00. The Fly reported the information. Compared to the most recent price at which the market was closed, the price that Barclays has determined to be its objective may show an increase of 34.51%.
There have been a significant number of additional research companies that have discussed RF. In a report published on December 15, Morgan Stanley raised their price objective on Regions Financial shares from $27.00 to $28.00 and upgraded the company’s rating from “underweight” to “overweight.” Stephens increased their price target on Regions Financial from $23.00 to $24.00 in a report released on Tuesday, October 25. The report was published online. Additionally, an “equal weight” rating was given to the stock by the company. JPMorgan Chase & Co. revealed in a report that was made public on November 2 that they had increased their price objective on shares of Regions Financial from $23.50 to $25.00. Wedbush maintained its “outperform” rating on shares of Regions Financial and set a price target of $25.00 for the company’s stock in a research report published on September 28. In addition, the firm positioned its target price at $25.00. Finally, Wells Fargo & Company lowered the rating that they had previously given to Regions Financial from “outperform” to “market perform” in a study that was made public on November 21. Eight of the research analysts have given the stock a buy rating, and the remaining eight have given the stock a recommendation to maintain the stock’s position in one’s portfolio. According to Bloomberg.com, the stock has been given an average “Moderate buy” rating, and the price objective has been established at $25.00.
RF began trading at $21.56 on Tuesday. The company’s simple moving average over the previous 50 days is $22.05, and the simple moving average over the previous 200 days is $21.22. The debt-to-equity ratio, the quick ratio, and the current ratio all equal 0.17, and each stand at 0.81. The price of Regions Financial has been as low as $18.01 over the past year and as high as $25.57 over the same period. The company has a price-to-earnings ratio of 10.78, a price-to-growth ratio of 0.90, and a stock beta value of 1.21. These ratios calculate the current stock price of future earnings. The stock is currently valued at $20.15 billion on the market.
On Friday, October 21, Regions Financial’s most recent earnings report, traded on the NYSE under the symbol RF, was made public. The bank reported $0.56 in earnings per share for the quarter, completed on Friday, October 21. The consensus estimate for earnings per share for the quarter was $0.59. The bank reported earnings per share for the quarter of $0.56, which was lower than the consensus estimate of $0.59 by $0.05. The consensus estimate for earnings per share for the quarter was $0.59. Both the return on equity and the net margin for the company came in at 14.13 percent for Regions Financial and 28.34 percent, respectively. The revenue for the quarter came in at $1.87 billion, which was significantly higher than the analysts’ average estimate of $1.81 billion, which was the previous record for the company. In the same period as the previous year, the corporation made a profit of $0.66 per share of common stock. In comparison to the previous year, Regions Financial saw an increase in revenue that was 15.9% higher. According to their projections, sell-side analysts anticipate Regions Financial will generate $2.36 per share in 2018.
Consequently, the proportions of the stock that institutional investors and hedge funds own have been rebalanced. During the second quarter, the Caisse de Depot et Placement du Quebec acquired a new holding in Regions Financial worth a total of $ 6,778,000th quarter, the Caisse de Depot et Placement du Quebec acquired a new holding in Regions Financial that was worth a total of $6,778,000. In addition, EP Wealth Advisors LLC established a new position with Regions Financial for $220,000 during the second quarter. The MEAG Munich Ergo Kapitalanlagegesellschaft mbH increased the percentage of Regions Financial in which it was invested by 305.6% during the second quarter. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH presently possesses a total of 48,281 shares of the bank’s stock, which was achieved as a result of the purchase of an additional 36,378 shares during the period in question. The price these shares currently fetch on the market is $905,000. During the second quarter, DekaBank Deutsche Girozentrale made a 5.3% purchase of additional Regions Financial Corporation stock shares, bringing the total number of shares it possessed to a total of 1. DekaBank Deutsche Girozentrale is now the owner of 271,513 shares, valued at $5,193,000, after purchasing an additional 13,551 shares throughout the most recent period. During the second quarter of 2018, Vontobel Holding Ltd. increased the amount of Regions Financial stock owned by 249.1%, making this the last and most important point. Following additional acquisitions made throughout the period, Vontobel Holding Ltd. now owns 85,216 shares of the bank’s stock, which are currently valued at $1,640,000. The majority of the company’s stock is owned by large financial institutions, which account for 72.87 percent of the total.
Both private individuals and commercial enterprises have access to the banking and other financial services provided by the holding company, Regions Financial Corporation. These services include a variety of financial options. Operating sectors comprise the company’s three primary areas of commercial interest: corporate banking, consumer banking, and wealth management. The Corporate Bank segment of the company is responsible for providing commercial banking services. These services include lending for business and industry, commercial real estate, and investor real estate; financing for equipment leases; deposit products; underwriting and placement of securities; loan syndication and placement; foreign exchange; derivatives; mergers and acquisitions; and other advisory services.