Regions Financial price target raised to $27 from $26 at Argus

Argus raised the firm’s price target on Regions Financial (RF) to $27 from $26 and keeps a Buy rating on the shares after its Q4 earnings beat. Regional bank shares faced pressure due to the failure of Silicon Valley Bank, higher funding costs and concerns about commercial office real estate exposure, the analyst tells investors in a research note. Regions’ management indicated however that it expects deposits to be stable in 2025 due to the long-term relationships with both its commercial and consumer base, Argus noted, adding that the bank’s capital position also remains strong with a tier 1 capital ratio of 12.2%.