Regions Financial Corporation (RF) : Zacks Investment Research ranks Regions Financial Corporation (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 (RF) : The most positive equity analysts on Regions Financial Corporation (RF) expects the shares to touch $11, whereas, the least positive believes that the stock will trade at $9 in the short term. The company is covered by 16 Wall Street Brokerage Firms. The average price target for shares are $9.84 with an expected fluctuation of $0.7 from the mean.
For the current week, the company shares have a recommendation consensus of Buy. Also, Equity Analysts at the Keefe Bruyette & Woods upgrades the rating on Regions Financial Corporation (NYSE:RF). The brokerage firm has issued a Market Perform rating on the shares. The shares were previously rated Underperform. The Analysts at the ratings agency 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): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $8.91 and $8.88 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $9.11. The buying momentum continued till the end and the stock did not give up its gains. It closed at $9.04, notching a gain of 1.57% for the day. The total traded volume was 18,022,474 . The stock had closed at $8.90 on the previous day.
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.