Keefe, Bruyette & Woods Lowers Price Target for Regions Financial (NYSE:RF) to $21.00

Regions Financial (NYSE:RF) Price Target Trimmed by Keefe, Bruyette & Woods

Regions Financial (NYSE:RF) had its price target trimmed by Keefe, Bruyette & Woods from $22.00 to $21.00 in a recent report, sparking interest among investors. The bank’s stock currently has a market perform rating, but analysts have mixed opinions on its future performance.

Morgan Stanley lowered their price target on Regions Financial from $27.00 to $25.00 and maintained an overweight rating, while downgraded the stock from hold to sell. On the other hand, Jefferies Financial Group raised their price target to $24.00 and gave the company a buy rating.

Despite the varying opinions, Regions Financial stock saw a 1.6% increase, opening at $20.11 on Tuesday. The company has a 12-month low of $13.72 and a high of $21.08, with a market cap of $18.42 billion. The stock has a PE ratio of 10.91 and a beta of 1.18.

In terms of financial performance, Regions Financial reported $0.37 EPS for the quarter, missing analyst estimates by $0.08. The company’s revenue was in line with expectations at $1.75 billion. Analysts predict that Regions Financial will post 1.96 EPS for the current year.

The company also recently announced a quarterly dividend of $0.24 per share, representing a dividend yield of 4.77%. Insider transactions have been notable, with Director William C. Rhodes III purchasing 50,000 shares of the company’s stock.

Hedge funds and institutional investors have also shown interest in Regions Financial, with several increasing their stakes in the company. EntryPoint Capital LLC, Laurel Wealth Advisors LLC, and MV Capital Management Inc. are among those who have bought shares recently.

Regions Financial Corporation provides banking and bank-related services to individual and corporate customers through its Corporate Bank, Consumer Bank, and Wealth Management segments. The company offers a range of commercial banking services, including lending, deposit products, and advisory services.

Overall, Regions Financial continues to attract attention from analysts, investors, and insiders alike. With a mix of ratings and opinions, the stock remains a topic of interest in the financial market.

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