Nomura analyst Bill Carcache maintained a Hold rating on Regions Financial (RF) on January 21 and set a price target of $17.00. The company’s shares closed last Monday at $16.06.
According to TipRanks.com, Carcache is a 5-star analyst with an average return of 16.3% and a 79.6% success rate. Carcache covers the Financial sector, focusing on stocks such as Discover Financial Services, Capital One Financial, and Huntington Bancshares.
Currently, the analyst consensus on Regions Financial is a Moderate Buy with an average price target of $18.40, implying a 13.9% upside from current levels. In a report issued on January 20, Credit Suisse also maintained a Hold rating on the stock with a $18.00 price target.
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The company has a one-year high of $17.54 and a one-year low of $13.38. Currently, Regions Financial has an average volume of 8.27M.
Based on the recent corporate insider activity of 92 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.
