Regions Financial Corp. (NYSE:RF) shares traded 1.48% higher at $19.18 on Wall Street last session.
RF stock price is now -0.33% away from the 50-day moving average and 5.06% away from the 200-day moving average. The market capitalization of the company currently stands at $17.62B.
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 $1.98 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 $5.39 million. A total of 0.29% 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 $21.08.
According to the Banks – Regional Company, earnings per share came in at 0.59, inline with analysts’ expectations of 0.59. This compares to $0.71 EPS in the same period last year. The net profit margin was 18.77% and return on equity was 10.79% 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 $1.76B in revenue.
