The price of Regions Financial Corp. (NYSE:RF) shares last traded on Wall Street rose 0.25% to $19.83.
RF stock price is now 1.13% away from the 50-day moving average and 8.46% away from the 200-day moving average. The market capitalization of the company currently stands at $18.16B.
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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 $0.83 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 $0.99 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.
The net profit margin was 18.74% and return on equity was 10.79% for RF. The company reported revenue of $1.72 billion for the quarter, compared to $1.64 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 5.06 percent.
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