The stock of Regions Financial Corp. (NYSE:RF) last traded at $16.41, up 2.05% from the previous session.
Data from the available sources indicates that Regions Financial Corp. (NYSE:RF) is covered by 27 analysts. The consensus rating among analysts is ‘Overweight’. As we calculate the median target price by taking the range between a high of $24.00 and a low of $15.00, we find $17.05. Given the previous closing price of $16.08, this indicates a potential upside of 6.03 percent. RF stock price is now 1.17% away from the 50-day moving average and -11.17% away from the 200-day moving average. The market capitalization of the company currently stands at $15.26B.
In total, 18 analysts have assigned it a hold rating, and 8 have given it a buy rating. Brokers who have rated the stock have averaged $17.71 as their price target over the next twelve months.
With the price target maintained at $17.10, Odeon recently Downgraded its rating from Buy to Hold for Regions Financial Corp. (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 $4.61 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 $0.38 million. Insiders disposed of 624,805 shares of company stock worth roughly $10.25 million over the past 1 year. A total of 0.28% of the company’s stock is owned by insiders.
With an opening price of $16.24 on Friday morning, Regions Financial Corp. (NYSE: RF) set off the trading day. During the past 12 months, Regions Financial Corp. has had a low of $13.72 and a high of $24.33. The fifty day moving average price for RF is $16.19 and a two-hundred day moving average price translates $18.44 for the stock.
The latest earnings results from Regions Financial Corp. (NYSE: RF) was released for Sep, 2021. According to the Banks – Regional Company, earnings per share came in at $0.49, missing analysts’ expectations of $0.58 by -0.09. This compares to $0.43 EPS in the same period last year. The net profit margin was 25.39% and return on equity was 15.14% for RF. The company reported revenue of $1.77 billion for the quarter, compared to $1.34 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 31.5 percent. For the current quarter, analysts expect RF to generate $1.8B in revenue.
Regions Financial Corp.(RF) Company Profile
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. It serves corporate, middle market, and commercial real estate developers and investors. The Consumer Bank segment provides consumer banking products and services related to residential first mortgages, home equity lines and loans, consumer credit cards, and other consumer loans, as well as deposits. The Wealth Management segment offers credit related products, and retirement and savings solutions; and trust and investment management, asset management, and estate planning services to individuals, businesses, governmental institutions, and non-profit entities. It also provides investment and insurance products; low-income housing tax credit corporate fund syndication services; and other specialty financing services. The company was founded in 1971 and is headquartered in Birmingham, Alabama.