Regions Financial Corporation (NYSE:RF) stock is expected to deviate a maximum of $0.82 from the average target price of $9.91 for the short term period. 16 Street Experts have initiated coverage on the stock with the most promising target being $12 and the most muted being $9.
Other Equity analysts have also commented on the company shares. Equity analysts at the Brokerage firm Keefe Bruyette & Woods upgrades its rating on Regions Financial Corporation (NYSE:RF). The rating major has initiated the coverage with market perform rating on the shares. Earlier, the shares were rated a Underperform by the brokerage firm. The Analysts at Keefe Bruyette & Woods raises the price target from $9.5 per share to $11 per share. The rating by the firm was issued on June 6, 2016.
Regions Financial Corporation (NYSE:RF): stock turned positive on Thursday. Though the stock opened at $9.26, the bulls momentum made the stock top out at $9.45 level for the day. The stock recorded a low of $9.24 and closed the trading day at $9.45, in the green by 3.62%. The total traded volume for the day was 12,912,837. The stock had closed at $9.12 in the previous days trading.
The company shares have dropped -13.72% from its 1 Year high price. On Jul 23, 2015, the shares registered one year high at $10.87 and the one year low was seen on Feb 11, 2016. The 50-Day Moving Average price is $9.42 and the 200 Day Moving Average price is recorded at $8.70. On the companys insider trading activities, The Securities and Exchange Commission has divulged that Jones Ellen S., officer (SEVP) of Regions Financial Corp, had unloaded 20,000 shares at an average price of $9.61 in a transaction dated on May 24, 2016. The total value of the transaction was worth $192,200.
Regions Financial Corporation is a financial holding company. The Company conducts its banking operations through Regions Bank, an Alabama state-chartered commercial bank, which is a member of the Federal Reserve System. The Company carries out its business in three segments: Corporate Bank, Consumer Bank and Wealth Management. The Corporate Bank segment represents the Companys commercial banking functions, including commercial and industrial, commercial real estate and investor real estate lending. The Consumer Bank segment represents the Companys branch network, including consumer banking products and services related to residential first mortgages, home equity lines and loans and small business loans, among others. The Wealth Management segment offers individuals, businesses, Governmental institutions and non-profit entities a range of solutions to enable transfer of wealth.