Raymond James analyst Michael Rose maintained a Buy rating on Regions Financial (RF) today. The company’s shares closed last Friday at $17.74, close to its 52-week high of $18.71.
According to TipRanks.com, Rose is a 4-star analyst with an average return of 6.9% and a 55.1% success rate. Rose covers the Financial sector, focusing on stocks such as Atlantic Capital Bancshares, Pinnacle Financial Partners, and Texas Capital Bancshares.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Regions Financial with a $18.83 average price target, which is a 5.6% upside from current levels. In a report issued on January 7, Goldman Sachs also maintained a Buy rating on the stock with a $18.50 price target.
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Based on Regions Financial’s latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $1.64 billion and net profit of $530 million. In comparison, last year the company earned revenue of $1.5 billion and had a net profit of $409 million.
Based on the recent corporate insider activity of 45 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of RF in relation to earlier this year.
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Regions Financial Corp. operates as a bank holding company. It provides traditional commercial, retail and mortgage banking services, as well as other financial services in the fields of investment banking, asset management, trust, mutual funds, securities brokerage, insurance and other specialty financing. The company operates through the following 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 holds the company’s branch network, including consumer banking products and services related to residential first mortgages, home equity lines and loans, small business loans, indirect loans, consumer credit cards and other consumer loans. The Wealth Management segment offers individuals, businesses, governmental institutions and non-profit entities a range of solutions to help protect grow and transfer wealth. Regions Financial was founded in 1971 and is headquartered in Birmingham, AL.
