Keefe, Bruyette & Woods Lowers Regions Financial Corp Price Target to $11.00 (RF)
Analysts at Keefe, Bruyette & Woods cut their price target on shares of Regions Financial Corp (NYSE:RF) from $11.50 to $11.00 in a research report issued to clients and investors on Wednesday. Keefe, Bruyette & Woods’ target price indicates a potential upside of 8.91% from the stock’s previous close.
Several other analysts have also recently commented on the stock. Analysts at Macquarie reiterated an “outperform” rating on shares of Regions Financial Corp in a research note on Wednesday. They now have a $11.50 price target on the stock, down previously from $12.00. Separately, analysts at Citigroup Inc. initiated coverage on shares of Regions Financial Corp in a research note on Thursday, July 3rd. They set a “neutral” rating on the stock. Finally, analysts at Raymond James raised their price target on shares of Regions Financial Corp from $12.00 to $12.50 in a research note on Friday, June 27th. They now have a “strong-buy” rating on the stock. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating, thirteen have given a buy rating and one has issued a strong buy rating to the company. The stock currently has an average rating of “Buy” and a consensus target price of $11.05.
Regions Financial Corp (NYSE:RF) remained flat at $10.10 during trading on Wednesday. 15,604,076 shares of the company’s stock traded hands. Regions Financial Corp has a one year low of $8.84 and a one year high of $11.54. The stock has a 50-day moving average of $10.60 and a 200-day moving average of $10.49. The company has a market cap of $13.928 billion and a P/E ratio of 13.34.
Regions Financial Corp (NYSE:RF) last issued its quarterly earnings data on Tuesday, July 22nd. The company reported $0.21 earnings per share for the quarter, meeting the analysts’ consensus estimate of $0.21. The company had revenue of $1.28 billion for the quarter, compared to the consensus estimate of $1.29 billion. During the same quarter last year, the company posted $0.18 earnings per share. Regions Financial Corp’s revenue was up 2.0% compared to the same quarter last year. Analysts expect that Regions Financial Corp will post $0.86 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Wednesday, October 1st. Investors of record on Friday, September 12th will be given a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a yield of 1.98%. The ex-dividend date of this dividend is Wednesday, September 10th.
Regions Financial Corporation (NYSE:RF) is a financial holding company.
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