In a report released yesterday, Susan Roth Katzke from Credit Suisse maintained a Hold rating on Regions Financial (RF), with a price target of $12.00. The company’s shares closed last Friday at $10.92.
According to TipRanks.com, Katzke is a 5-star analyst with an average return of 13.3% and a 69.2% success rate. Katzke covers the Financial sector, focusing on stocks such as JPMorgan Chase & Co., First Republic Bank, and Goldman Sachs Group.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Regions Financial with a $12.83 average price target.
See today’s analyst top recommended stocks >>
Based on Regions Financial’s latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $1.41 billion and net profit of $162 million. In comparison, last year the company earned revenue of $1.44 billion and had a net profit of $390 million.
Based on the recent corporate insider activity of 67 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of RF in relation to earlier this year.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
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.
