Regions Financial Corp Targets at $11.44
Shares of Regions Financial Corp. have received a consensus recommendation of "Hold" from the twenty-eight research firms that are currently covering the firm. One analyst has rated the stock with a sell rating, seventeen have given a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company. The average 1 year target price among brokerages that have issued ratings on the stock in the last year is $11.44.
A number of brokerages recently issued reports on RF. Wedbush upped their price objective on shares of Regions Financial Corp. from $14.00 to $15.00 and gave the stock an "outperform" rating.
Evercore ISI upped their price target on shares of Regions Financial Corp. from $14.00 to $15.00 and gave the company a "buy" rating.
Deutsche Bank AG upped their price target on shares of Regions Financial Corp. from $10.50 to $13.00 and gave the company a "hold" rating.
Susquehanna cut shares of Regions Financial Corp. from a "positive" rating to a "neutral" rating.
Piper Jaffray Cos. cut shares of Regions Financial Corp. from an "overweight" rating to a "neutral" rating.
The company has a 50-day moving average price of $12.27 and a 200 day moving average price of $10.16. The company has a market capitalization of $17.91 billion, a price-to-earnings ratio of 17.10 and a beta of 1.46. Regions Financial Corp. has a one year low of $7.00 and a one year high of $14.73.The company also recently declared a quarterly dividend, which will be paid on Tuesday, January 3rd. Stockholders of record on Friday, December 9th will be given a dividend of $0.065 per share. The ex-dividend date of this dividend is Wednesday, December 7th. This represents a $0.26 dividend on an annualized basis and a dividend yield of 1.79%. Regions Financial Corp.'s dividend payout ratio is 30.59%.
EVP William D. Ritter sold 69,410 shares of Regions Financial Corp. stock in a transaction on Wednesday, October 26th. The shares were sold at an average price of $10.73, for a total transaction of $744,769.30.
EVP Brett D. Couch sold 32,342 shares of Regions Financial Corp. stock in a transaction on Thursday, October 20th. The stock was sold at an average price of $10.63, for a total transaction of $343,795.46.