Regions Financial Corp (NYSE:RF) shares traded -1.21% lower at $22.09 on Wall Street last session.
RF stock price is now -7.77% away from the 50-day moving average and -3.11% away from the 200-day moving average. The market capitalization of the company currently stands at $20.00B.
With the price target enhanced from $28 to $32, Morgan Stanley Downgraded its rating from Overweight to Equal-Weight for Regions Financial Corp (NYSE: RF). On October 31, 2024, Keefe Bruyette Upgraded its previous ‘Mkt Perform’ rating to ‘Outperform’ on the stock increasing its target price from $27 to quote $28, while ‘Stephens’ rates the stock as ‘Overweight’
In other news, SUQUET JOSE S, Director bought 549 shares of the company’s stock on Jan 28 ’25. The stock was bought for $13,561 at an average price of $24.70. Upon completion of the transaction, the Director now directly owns 33,791 shares in the company, valued at $0.75 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Dec 20 ’24, Director SUQUET JOSE S bought 530 shares of the business’s stock. A total of $12,588 was incurred on buying the stock at an average price of $23.75. This leaves the insider owning 32,156 shares of the company worth $0.71 million. A total of 0.34% of the company’s stock is owned by insiders.
During the past 12 months, Regions Financial Corp has had a low of $17.72 and a high of $27.96.
The net profit margin was 18.96% and return on equity was 10.72% for RF. The company reported revenue of $1.8 billion for the quarter, compared to $1.75 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 2.91 percent.
