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Research analysts at Raymond James lifted their target price on shares of Regions Financial Corp (NYSE:RF) from $12.00 to $12.50 in a report released on Friday. The firm currently has a “strong-buy” rating on the stock. Raymond James’ target price points to a potential upside of 17.15% from the company’s current price.

Shares of Regions Financial Corp (NYSE:RF) traded down 0.09% during mid-day trading on Friday, hitting $10.67. The stock had a trading volume of 10,064,588 shares. Regions Financial Corp has a 52-week low of $8.84 and a 52-week high of $11.54. The stock has a 50-day moving average of $10.4 and a 200-day moving average of $10.39. The company has a market cap of $14.714 billion and a price-to-earnings ratio of 14.11. Regions Financial Corp also was the target of a large increase in short interest in the month of June. As of June 13th, there was short interest totalling 18,002,768 shares, an increase of 43.5% from the May 30th total of 12,543,103 shares. Based on an average daily trading volume, of 14,273,949 shares, the short-interest ratio is currently 1.3 days. Approximately 1.3% of the company’s shares are short sold.

Regions Financial Corp (NYSE:RF) last announced its earnings results on Tuesday, April 22nd. The company reported $0.21 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.20 by $0.01. During the same quarter in the prior year, the company posted $0.23 earnings per share. On average, analysts predict that Regions Financial Corp will post $0.86 earnings per share for the current fiscal year.

Other equities research analysts have also recently issued reports about the stock. Analysts at Zacks reiterated a “neutral” rating on shares of Regions Financial Corp in a research note on Thursday, June 12th. They now have a $11.00 price target on the stock. Separately, analysts at Stephens initiated coverage on shares of Regions Financial Corp in a research note on Tuesday, June 10th. They set an “overweight” rating and a $12.50 price target on the stock. Finally, analysts at Keefe, Bruyette & Woods raised their price target on shares of Regions Financial Corp from $11.00 to $11.50 in a research note on Monday, June 9th. One analyst has rated the stock with a sell rating, six have assigned a hold rating, fourteen have given a buy rating and one has assigned a strong buy rating to the stock. The company has a consensus rating of “Buy” and a consensus price target of $11.00.

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

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