Regions Financial Corp. (NYSE:RF) shares traded 1.74% higher at $21.04 on Wall Street last session.
RF stock price is now 11.51% away from the 50-day moving average and 16.25% away from the 200-day moving average. The market capitalization of the company currently stands at $19.33B.
With the price target enhanced from $20 to $23, Citigroup Upgraded its rating from Neutral to Buy for Regions Financial Corp. (NYSE: RF). , while ‘Jefferies’ rates the stock as ‘Buy’
In other news, Lusco C. Matthew, SEVP & CRO sold 28,617 shares of the company’s stock on Dec 08 ’23. The stock was sold for $499,839 at an average price of $17.47. Upon completion of the transaction, the SEVP & CRO now directly owns 103,307 shares in the company, valued at $2.17 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Aug 07 ’23, SEVP Smith Ronald G. sold 10,000 shares of the business’s stock. A total of $209,300 was realized by selling the stock at an average price of $20.93. This leaves the insider owning 281,151 shares of the company worth $5.92 million. A total of 0.26% of the company’s stock is owned by insiders.
During the past 12 months, Regions Financial Corp. has had a low of $13.72 and a high of $21.02. The fifty day moving average price for RF is $18.93 and a two-hundred day moving average price translates $18.11 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, beating analysts’ expectations of $0.46 by 0.03. This compares to $0.71 EPS in the same period last year. The net profit margin was 21.68% and return on equity was 12.43% for RF. The company reported revenue of $1.75 billion for the quarter, compared to $1.55 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 12.82 percent. For the current quarter, analysts expect RF to generate $1.75B 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.
