Regions Financial Corporation (RF) : The consensus on Regions Financial Corporation (RF) based on 18 analyst recommendation on the company stock is 2.5, which is interpreted as a Buy recommendation. Zacks Investment Research has issued a rank of 3 which endorses a Hold on the stock. However, 5 brokers have a differing view as they consider the stock to be a Strong Buy at current levels. 1 analyst believes that the stock is a Buy, which can produce decent returns in the future. 11 experts consider that the stocks earnings and the quoted price is in harmony, hence, they give it a Hold rating. 1 analyst sees the stock overvalued at current levels and advises a Strong Sell on the stock.
Regions Financial Corporation (RF) stock is expected to deviate a maximum of $0.75 from the average target price of $9.83 for the short term period. 16 Street Experts have initiated coverage on the stock with the most promising target being $11 and the most muted being $9.
For the current week, the company shares have a recommendation consensus of Buy. Also, Equity Analysts at the Brokerage Firm, Bernstein, downgrades their rating on the shares of Regions Financial Corporation (NYSE:RF). Bernstein has a Market Perform rating on the shares. Previously, the analysts had a Outperform rating on the shares. The rating by the firm was issued on August 16, 2016.
Regions Financial Corporation (NYSE:RF): The stock opened at $9.8 and touched an intraday high of $9.98 on Wednesday. During the day, the stock corrected to an intraday low of $9.79, however, the bulls stepped in and pushed the price higher to close in the green at $9.96 with a gain of 1.37% for the day. The total traded volume for the day was 25,300,451. The stock had closed at $9.825 in the previous trading session.
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.