Regions Financial Corp (RF) was Downgraded by Keefe Bruyette to ” Underperform” while Lowering the Price Target of the company shares to $ 9.50 from a previous price target of $10 . Earlier the firm had a rating of “Mkt Perform ” on the company shares. Keefe Bruyette advised their investors in a research report released on May 16, 2016.
Many Wall Street Analysts have commented on Regions Financial Corp. FBR Capital Upgraded Regions Financial Corp on Apr 19, 2016 to ” Outperform”, Price Target of the shares are set at $10.50.Regions Financial Corp was Downgraded by Macquarie to ” Neutral” on Apr 1, 2016. Regions Financial Corp was Downgraded by FIG Partners to ” Underperform” on Feb 24, 2016.
On the company’s financial health, Regions Financial Corp reported $0.20 EPS for the quarter, beating the analyst consensus estimate by $ 0.01 according to the earnings call on Apr 15, 2016. Analyst had a consensus of $0.19. The company had revenue of $1368.00 million for the quarter, compared to analysts expectations of $1339.58 million. The company’s revenue was up 5.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.16 EPS.
Regions Financial Corp closed down -0.14 points or -1.53% at $8.99 with 1,66,00,739 shares getting traded on Friday. Post opening the session at $9.13, the shares hit an intraday low of $8.89 and an intraday high of $9.26 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.
In a different news, on Mar 4, 2016, Susan W Matlock (director) sold 26,000 shares at $8.10 per share price. According to the SEC, on Dec 2, 2015, Cynthia M. Rogers (SEVP) sold 9,500 shares at $10.21 per share price. On Aug 18, 2015, Lee J Iii Styslinger (director) sold 10,000 shares at $10.52 per share price, according to the Form-4 filing with the securities and exchange commission.
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.