Regions Financial Corp. PT Lowered to $10.50 (RF)
Investment analysts at Keefe, Bruyette & Woods reduced their target price on shares of Regions Financial Corp. (NYSE:RF) from $11.00 to $10.50 in a note issued to investors on Thursday, ARN reports. The firm currently has a “market perform” rating on the stock. Keefe, Bruyette & Woods’ price objective points to a potential upside of 10.06% from the company’s current price.
Several other analysts have also recently commented on the stock. Analysts at Goldman Sachs Group Inc. downgraded shares of Regions Financial Corp. from a “conviction-buy” rating to a “buy” rating in a research note to investors on Thursday. Separately, analysts at Sandler O’Neill cut their price target on shares of Regions Financial Corp. to $11.00 in a research note to investors on Wednesday. They now have a “buy” rating on the stock. Finally, analysts at BMO Capital Markets cut their price target on shares of Regions Financial Corp. from $13.00 to $12.00 in a research note to investors on Wednesday. They now have an “outperform” rating on the stock. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating, sixteen have given a buy rating and one has assigned a strong buy rating to the company. Regions Financial Corp. currently has a consensus rating of “Buy” and a consensus price target of $9.88.
Regions Financial Corp. (NYSE:RF) traded down 0.52% on Thursday, hitting $9.54. 17,386,308 shares of the company’s stock traded hands. Regions Financial Corp. has a 52 week low of $6.19 and a 52 week high of $10.52. The stock has a 50-day moving average of $9.79 and a 200-day moving average of $9.05. The company has a market cap of $13.316 billion and a P/E ratio of 11.81.
Regions Financial Corp. (NYSE:RF) last posted its quarterly earnings results on Tuesday, October 22nd. The company reported $0.20 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.21 by $0.01. The company had revenue of $1.32 billion for the quarter, compared to the consensus estimate of $1.32 billion. During the same quarter last year, the company posted $0.22 earnings per share. Regions Financial Corp.’s revenue was down 2.3% compared to the same quarter last year.
The company also recently declared a quarterly dividend, which is scheduled for Thursday, January 2nd. Investors of record on Friday, December 13th will be given a dividend of $0.03 per share. This represents a $0.12 dividend on an annualized basis and a yield of 1.26%. The ex-dividend date of this dividend is Wednesday, December 11th.
Regions Financial Corporation (NYSE:RF) is a financial holding company.
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