Regions Financial Corp. Target of Unusually High Options Trading (RF)
Regions Financial Corp. (NYSE:RF) was the target of some unusual options trading on Tuesday. Stock investors purchased 16,341 call options on the stock, Analyst Ratings Net reports. This represents an increase of 258% compared to the typical volume of 4,559 call options.
A number of analysts have recently weighed in on RF shares. Analysts at Janney Montgomery Scott initiated coverage on shares of Regions Financial Corp. in a research note to investors on Tuesday, January 14th. They set a “buy” rating on the stock. Separately, analysts at Deutsche Bank upgraded shares of Regions Financial Corp. from a “hold” rating to a “buy” rating in a research note to investors on Friday, January 3rd. They now have a $12.00 price target on the stock, up previously from $10.00. Finally, analysts at Zacks reiterated a “neutral” rating on shares of Regions Financial Corp. in a research note to investors on Thursday, December 19th. They now have a $10.00 price target on the stock. One investment analyst has rated the stock with a sell rating, six have issued a hold rating, seventeen have given a buy rating and one has issued a strong buy rating to the company’s stock. Regions Financial Corp. presently has a consensus rating of “Buy” and an average target price of $10.10.
Regions Financial Corp. (NYSE:RF) traded up 2.74% during mid-day trading on Tuesday, hitting $10.86. 39,727,612 shares of the company’s stock traded hands. Regions Financial Corp. has a 1-year low of $7.42 and a 1-year high of $10.69. The stock’s 50-day moving average is $9.88 and its 200-day moving average is $9.76. The company has a market cap of $14.960 billion and a price-to-earnings ratio of 13.35.
Regions Financial Corp. (NYSE:RF) last released its earnings data on Tuesday, January 21st. The company reported $0.21 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.20 by $0.01. The company had revenue of $1.36 billion for the quarter, compared to the consensus estimate of $1.31 billion. During the same quarter in the previous year, the company posted $0.22 earnings per share. The company’s revenue for the quarter was up .3% on a year-over-year basis. Analysts expect that Regions Financial Corp. will post $0.81 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Tuesday, April 1st. Shareholders of record on Friday, March 14th will be given a dividend of 0.03 per share. This represents a $0.12 dividend on an annualized basis and a yield of 1.10%. The ex-dividend date of this dividend is Wednesday, March 12th.
Regions Financial Corporation (NYSE:RF) is a financial holding company.
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