Stocks of Regions Financial Corp (NYSE:RF) traded higher last session on Wall Street, down -0.08% to $26.18.
RF stock price is now 11.93% away from the 50-day moving average and 26.02% away from the 200-day moving average. The market capitalization of the company currently stands at $23.79B.
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With the price target enhanced from $27 to $28, Keefe Bruyette Upgraded its rating from Mkt Perform to Outperform for Regions Financial Corp (NYSE: RF). On October 29, 2024, Stephens Upgraded its previous ‘Equal-Weight’ rating to ‘Overweight’ on the stock keeping its target price maintained at $26, while ‘Deutsche Bank’ 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 $1.09 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 $1.31 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 $14.86 and a high of $26.33. The fifty day moving average price for RF is $23.3894 and a two-hundred day moving average price translates $20.7752 for the stock.
The latest earnings results from Regions Financial Corp (NYSE: RF) was released for 2021-09-30. The net profit margin was 17.73% and return on equity was 10.06% for RF. The company reported revenue of $1.82 billion for the quarter, compared to $1.77 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 3.06 percent.
