Regions Financial Corp Stock Rating Reaffirmed by Raymond James (RF)
Regions Financial Corp (NYSE:RF)‘s stock had its “strong-buy” rating reaffirmed by analysts at Raymond James in a research report issued to clients and investors on Wednesday. They currently have a $12.00 target price on the stock, down from their previous target price of $12.50. Raymond James’ price target suggests a potential upside of 18.81% from the stock’s previous close.
Regions Financial Corp (NYSE:RF) remained flat at $10.10 during trading on Wednesday. 15,603,064 shares of the company’s stock traded hands. Regions Financial Corp has a 52 week low of $8.84 and a 52 week high of $11.54. The stock’s 50-day moving average is $10.60 and its 200-day moving average is $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 released its earnings data on Tuesday, July 22nd. The company reported $0.21 EPS for the quarter, meeting the Thomson Reuters 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 in the prior year, the company posted $0.18 earnings per share. The company’s quarterly revenue was up 2.0% on a year-over-year basis. On average, analysts predict that Regions Financial Corp will post $0.86 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Wednesday, October 1st. Stockholders of record on Friday, September 12th will be paid a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a dividend yield of 1.98%. The ex-dividend date is Wednesday, September 10th.
RF has been the subject of a number of other recent research reports. Analysts at Bernstein raised their price target on shares of Regions Financial Corp from $10.00 to $10.50 in a research note on Wednesday. Separately, analysts at Janney Montgomery Scott reiterated a “fair value” rating on shares of Regions Financial Corp in a research note on Wednesday. They now have a $13.00 price target on the stock, up previously from $12.00. Finally, analysts at Keefe, Bruyette & Woods cut their price target on shares of Regions Financial Corp from $11.50 to $11.00 in a research note on Wednesday. One analyst has rated the stock with a sell rating, seven have issued a hold rating, thirteen have issued a buy rating and one has given a strong buy rating to the company. Regions Financial Corp has a consensus rating of “Buy” and an average target price of $11.05.
Regions Financial Corporation (NYSE:RF) is a financial holding company.
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