In yesterday’s Wall Street session, Regions Financial Corp. (NYSE:RF) shares traded at $23.50, down -1.09% from the previous session.
RF stock price is now 2.77% away from the 50-day moving average and 15.11% away from the 200-day moving average. The market capitalization of the company currently stands at $21.41B.
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With the price target enhanced from $24 to $26, Deutsche Bank Upgraded its rating from Hold to Buy for Regions Financial Corp. (NYSE: RF). On October 24, 2024, Argus Upgraded its previous ‘Hold’ rating to ‘Buy’ on the stock keeping its target price maintained at $26, while ‘Wedbush’ rates the stock as ‘Outperform’
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 $0.98 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 $24.47. The fifty day moving average price for RF is $22.8668 and a two-hundred day moving average price translates $20.41585 for the stock.
The latest earnings results from Regions Financial Corp. (NYSE: RF) was released for 2021-09-30. The net profit margin was 17.69% and return on equity was 10.06% 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.
