Regions Financial Corp. (NYSE:RF) shares traded 2.82% higher at $23.69 on Wall Street last session.
RF stock price is now 6.38% away from the 50-day moving average and 17.33% away from the 200-day moving average. The market capitalization of the company currently stands at $21.68B.
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With the price target enhanced from $23 to $28, Wedbush Upgraded its rating from Neutral to Outperform for Regions Financial Corp. (NYSE: RF). On March 18, 2024, Citigroup Upgraded its previous ‘Neutral’ rating to ‘Buy’ on the stock increasing its target price from $20 to quote $23, while ‘Argus’ rates the stock as ‘Hold’
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 $0.99 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 $1.18 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 $23.47. The fifty day moving average price for RF is $22.2694 and a two-hundred day moving average price translates $20.19145 for the stock.
The latest earnings results from Regions Financial Corp. (NYSE: RF) was released for 2021-09-30. The net profit margin was 17.92% and return on equity was 10.35% for RF. The company reported revenue of $1.76 billion for the quarter, compared to $1.74 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 1.32 percent.
