Keefe Bruyette & Woods Upgrades Regions Financial Corp to Market Perform with Price Target $11.00

Brokerage firm Keefe Bruyette & Woods Upgrades its rating on Regions Financial Corp(NYSE:RF). In a research note issued to the investors, the brokerage major Raises the price-target to $11.00 per share. The shares have been rated Market Perform. Previously, the analysts had a Underperform rating on the shares. The rating by Keefe Bruyette & Woods was issued on Jun 6, 2016.

In a different note, On May 16, 2016, Keefe Bruyette & Woods said it Downgrades its rating on Regions Financial Corp. In the research note, the firm Lowers the price-target to $10.00 per share. The shares have been rated ‘Outperform’ by the firm. On Apr 19, 2016, FBR Capital said it Upgrades its rating on Regions Financial Corp. The shares have been rated ‘Outperform’ by the firm. On Apr 1, 2016, Macquarie said it Downgrades its rating on Regions Financial Corp. The shares have been rated ‘Neutral’ by the firm.

Regions Financial Corp (RF) shares turned negative on Fridays trading session with the shares closing down -0.18 points or -1.86% at a volume of 1,66,82,670. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $9.55. The peak price level was also seen at $9.55 while the days lowest was $9.445. Finally the shares closed at $9.52. The 52-week high of the shares is $10.865 while the 52-week low is $7. According to the latest information available, the market cap of the company is $12,059 M.

Regions Financial Corp(RF) last announced its earnings results on Apr 15, 2016 for Fiscal Year 2016 and Q1.Company reported revenue of $1.39B. Analysts had an estimated revenue of $1.33B. Earnings per share were $0.20. Analysts had estimated an EPS of $0.19.

Several Insider Transactions has been reported to the SEC. On May 26, 2016, Ellen S. Jones (SEVP) sold 20,000 shares at $9.61 per share price.Also, On Mar 4, 2016, Susan W Matlock (director) sold 26,000 shares at $8.10 per share price.On Dec 2, 2015, Cynthia M. Rogers (SEVP) sold 9,500 shares at $10.21 per share price, according to the Form-4 filing with the securities and exchange commission.

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 Company’s commercial banking functions including commercial and industrial commercial real estate and investor real estate lending. The Consumer Bank segment represents the Company’s 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.

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