Regions Financial Corp Upgraded by Miller Tabak to Buy (RF)
RF has been the subject of a number of other recent research reports. Analysts at Raymond James reiterated a “strong-buy” rating on shares of Regions Financial Corp in a research note on Wednesday, July 23rd. They now have a $12.00 price target on the stock, down previously from $12.50. Separately, 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, July 23rd. Finally, analysts at Janney Montgomery Scott reiterated a “fair value” rating on shares of Regions Financial Corp in a research note on Wednesday, July 23rd. They now have a $13.00 price target on the stock, up previously from $12.00. Five equities research analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating to the stock. Regions Financial Corp has a consensus rating of “Buy” and an average price target of $11.56.
Regions Financial Corp (NYSE:RF) traded up 0.41% on Friday, hitting $9.75. The stock had a trading volume of 10,804,028 shares. 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 $10.42 and its 200-day moving average is $10.46. The company has a market cap of $13.435 billion and a P/E ratio of 12.31.
Regions Financial Corp (NYSE:RF) last released its 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 $0.85 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Wednesday, October 1st. Stockholders 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 2.06%. The ex-dividend date of this dividend is Wednesday, September 10th.
Regions Financial Corporation (NYSE:RF) is a financial holding company.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.