Regions Financial Corporation (RF) : Zacks Investment Research ranks Regions Financial Corporation (RF) as 3, which is a Hold recommendation. 5 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 18 research analysts is 2.5, which indicates as a Buy.
Regions Financial Corporation (RF) : Average target price received by Regions Financial Corporation (RF) is $9.83 with an expected standard deviation of $0.75. The most aggressive target on the stock is $11, whereas the most downbeat target is $9. 16 financial analysts are currently covering the stock.
Also, In the latest statement by the brokerage house, Bernstein downgrades its outlook on Regions Financial Corporation (NYSE:RF). The current rating of the shares is Market Perform, according to the research report released by the firm. Previously, the company had a rating of Outperform. The rating by the firm was issued on August 16, 2016.
Regions Financial Corporation (NYSE:RF): After opening at $9.43, the stock dipped to an intraday low of $9.37 on Thursday. However, the bulls stepped in to buy at lower levels and pushed the stock higher. The stock touched an intraday high of $9.66 and the buying power remained strong till the end. The stock closed at $9.63 for the day, a gain of 1.16% for the day session. The total traded volume was 16,660,765. The stocks close on the previous trading day was $9.52.
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.