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Shares of Regions Financial (NYSE:RF) have received a consensus rating of “Buy” from the twenty-three ratings firms that are currently covering the company, AnalystRatings.NET reports. One research analyst has rated the stock with a sell recommendation, six have given a hold recommendation and thirteen have assigned a buy recommendation to the company. The average 1-year price target among brokers that have issued a report on the stock in the last year is $10.91.

A number of research firms have recently commented on RF. Analysts at Guggenheim cut their price target on shares of Regions Financial from $13.00 to $12.00 in a research note on Tuesday. Separately, analysts at Jefferies Group reiterated a “buy” rating on shares of Regions Financial in a research note on Thursday, May 1st. They now have a $12.00 price target on the stock, down previously from $12.50. Finally, analysts at Citigroup Inc. reiterated a “hold” rating on shares of Regions Financial in a research note on Thursday, April 24th. They now have a $11.00 price target on the stock.

In other Regions Financial news, Director James Malone sold 3,000 shares of the company’s stock in a transaction dated Monday, April 28th. The stock was sold at an average price of $10.01, for a total value of $30,030.00. Following the completion of the transaction, the director now directly owns 67,585 shares of the company’s stock, valued at approximately $676,526. The sale was disclosed in a document filed with the SEC, which is available at this link.

Regions Financial (NYSE:RF) traded down 0.69% on Friday, hitting $10.10. The stock had a trading volume of 2,188,813 shares. Regions Financial has a 1-year low of $8.73 and a 1-year high of $11.54. The stock has a 50-day moving average of $10.55 and a 200-day moving average of $10.19. The company has a market cap of $13.918 billion and a price-to-earnings ratio of 13.43.

Regions Financial (NYSE:RF) last released its earnings data on Tuesday, April 22nd. The company reported $0.21 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.20 by $0.01. During the same quarter in the previous year, the company posted $0.23 earnings per share. Analysts expect that Regions Financial will post $0.86 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which is scheduled for Tuesday, July 1st. Shareholders of record on Friday, June 13th will be given a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a yield of 1.97%. The ex-dividend date of this dividend is Wednesday, June 11th. This is a positive change from Regions Financial’s previous quarterly dividend of $0.03.

Regions Financial Corporation (NYSE:RF) is a financial holding company.

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