Regions Financial Corporation (RF) : 6 brokerage houses believe that Regions Financial Corporation (RF) is a Strong Buy at current levels. 1 Analyst considers the fundamentals to be worthy of a Buy recommendation. 11 analysts believe that the current prices are in a balance with the stocks fundamentals, hence they propose Hold on Regions Financial Corporation (RF). Zacks Investment Research suggests a Hold with a rank of 3. 1 others believe that the stock has run up ahead of its fundamentals and advise a Strong Sell on the stock.The median of all the 19 Wall Street Analysts endorse the stock as a Buy with a rating of 2.42.
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 $9.83 with an expected fluctuation of $0.7 from the mean.
For the current week, the company shares have a recommendation consensus of 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 $9.26 and $9.22 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $9.34. The buying momentum continued till the end and the stock did not give up its gains. It closed at $9.30, notching a gain of 0.43% for the day. The total traded volume was 11,666,423 . The stock had closed at $9.26 on the previous day.
In a related news, Jones Ellen S., officer (SEVP) of Regions Financial Corp, unloaded 20,000 shares at an average price of $9.61 on May 24, 2016. The total amount of the transaction was worth $192,200, according to the disclosed information 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.