Stocks of Regions Financial Corp. (NYSE:RF) traded higher last session on Wall Street, down -0.91% to $19.65.
RF stock price is now 0.60% away from the 50-day moving average and 7.47% away from the 200-day moving average. The market capitalization of the company currently stands at $18.06B.
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With the price target enhanced from $20 to $23, Citigroup Upgraded its rating from Neutral to Buy for Regions Financial Corp. (NYSE: RF). , while ‘Jefferies’ rates the stock as ‘Buy’
In other news, Ritter William D., SEVP sold 23,000 shares of the company’s stock on May 03 ’24. The stock was sold for $458,742 at an average price of $19.95. Upon completion of the transaction, the SEVP now directly owns 41,671 shares in the company, valued at $0.82 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Apr 23 ’24, Director RHODES WILLIAM C III bought 50,000 shares of the business’s stock. A total of $968,500 was incurred on buying the stock at an average price of $19.37. This leaves the insider owning 50,000 shares of the company worth $0.98 million. A total of 0.32% of the company’s stock is owned by insiders.
During the past 12 months, Regions Financial Corp. has had a low of $13.72 and a high of $21.08.
According to the Banks – Regional Company, earnings per share came in at 0.59, inline with analysts’ expectations of 0.59. This compares to $0.71 EPS in the same period last year. The net profit margin was 18.77% and return on equity was 10.79% for RF. The company reported revenue of $1.75 billion for the quarter, compared to $1.55 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 12.82 percent. For the current quarter, analysts expect RF to generate $1.76B in revenue.
