In yesterday’s Wall Street session, Regions Financial Corp (NYSE:RF) shares traded at $24.02, up 0.76% from the previous session.
RF stock price is now -4.46% away from the 50-day moving average and 10.09% away from the 200-day moving average. The market capitalization of the company currently stands at $22.00B.
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With the price target enhanced from $28 to $32, Morgan Stanley Downgraded its rating from Overweight to Equal-Weight for Regions Financial Corp (NYSE: RF). On October 31, 2024, Keefe Bruyette Upgraded its previous ‘Mkt Perform’ rating to ‘Outperform’ on the stock increasing its target price from $27 to quote $28, while ‘Stephens’ rates the stock as ‘Overweight’
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 $1.0 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 $1.2 million. A total of 0.31% of the company’s stock is owned by insiders.
During the past 12 months, Regions Financial Corp has had a low of $17.42 and a high of $27.96. The fifty day moving average price for RF is $25.136 and a two-hundred day moving average price translates $21.79655 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.
