Regions Financial Corp (RF) was Reiterated by FBR & Co. to “Outperform” according to the research note released today. The brokerage firm has raised the Price Target to $ 18 from a previous price target of $17 . FBR & Co. advised their Clients and Investors in a research report released on Mar 15, 2017.
Based on several research reports , Company shares were Reiterated by FBR & Co. on Mar 15, 2017 to “Outperform”, Firm has raised the Price Target to $ 18 from a previous price target of $17 .Regions Financial Corp was Upgraded by SunTrust to ” Buy” on Feb 16, 2017. UBS Resumed Regions Financial Corp on Jan 11, 2017 to “Sell”, Price Target of the shares are set at $13.Company shares were Reiterated by Barclays on Jan 3, 2017 to “Underweight”, Firm has raised the Price Target to $ 15 from a previous price target of $10 .
Several company insiders have filed Insider transactions , on Feb 16, 2017, Barbara Godin (SEVP) sold 15,000 shares at $15.60 per share price. According to the SEC, on Jan 31, 2017, C. Matthew Lusco (SEVP & CRO) sold 43,000 shares at $14.43 per share price. On Jan 27, 2017, Brett D Couch (SEVP) sold 65,848 shares at $14.64 per share price, according to the Form-4 filing with the securities and exchange commission.
On the company’s financial health, Regions Financial Corp reported $0.23 EPS for the quarter, based on the information available during the earnings call on Jan 20, 2017. Analyst had a consensus estimate of $0.23. The company had revenue of $1386.00 million for the quarter, compared to analysts expectations of $1403.92 million. The company’s revenue was up 2.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.21 EPS.
Regions Financial Corp closed down -0.09 points or -0.60% at $15 with 2,62,70,861 shares getting traded on Wednesday. Post opening the session at $15.19, the shares hit an intraday low of $14.93 and an intraday high of $15.35 and the price fluctuated in this range throughout the day.Shares ended Wednesday session in Red.
Regions Financial Corporation is a financial holding company. The Company conducts its banking operations through Regions Bank an Alabama state-chartered commercial bank which is a member of the Federal Reserve System. The Company carries out its business in three segments: Corporate Bank Consumer Bank and Wealth Management. The Corporate Bank segment represents the Companys commercial banking functions including commercial and industrial commercial real estate and investor real estate lending. The Consumer Bank segment represents the Companys branch network including consumer banking products and services related to residential first mortgages home equity lines and loans and small business loans among others. The Wealth Management segment offers individuals businesses Governmental institutions and non-profit entities a range of solutions to enable transfer of wealth.