Regions Financial Corporation (NYSE:RF) : The highest level Regions Financial Corporation (NYSE:RF) is projected to reach is $12 for the short term and the lowest estimate is at $9. The consolidated price target from 16 rating analysts who initiate coverage on the stock is $9.91 and the possibility the share price can swing is $0.82.
Regions Financial Corporation has lost 9.95% in the last five trading days and dropped 13.73% in the last 4 weeks. Regions Financial Corporation is up 8.58% in the last 3-month period. Year-to-Date the stock performance stands at -10.09%. Also, In a research note released to the investors, Keefe Bruyette & Woods upgrades its rating on Regions Financial Corporation (NYSE:RF).The analysts at the brokerage house have a current rating of Market Perform on the shares. Earlier, the shares were rated a Underperform by the brokerage firm. In a recent information released to the investors, Keefe Bruyette & Woods raises the new 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) : Zacks Investment Research ranks Regions Financial Corporation (NYSE:RF) as 3, which is a Hold recommendation. 6 research analysts consider that the stocks fundamentals point to a bright future, hence they rate the stock as a Strong Buy. 1 other analysts are mildly bullish on the stock and favor a Buy. 1 more believe that the stock has more downside risks, hence they propose a Strong Sell. A total of 11 analysts believe that the stock has a limited upside, hence they advise a Hold. The average broker rating of 19 research analysts is 2.42, which indicates as a Buy.
Regions Financial Corporation (NYSE:RF): During Thursdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $8.49 and $8.34 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $8.51. The buying momentum continued till the end and the stock did not give up its gains. It closed at $8.51, notching a gain of 1.07% for the day. The total traded volume was 26,525,463 . The stock had closed at $8.42 on the previous day.
In an insider trading activity,The officer (SEVP) of Regions Financial Corp, Jones Ellen S. sold 20,000 shares at $9.61 on May 24, 2016. The Insider selling transaction had a total value worth of $192,200. The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing.
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.