Regions Financial Corp (NYSE:RF) has been downgraded to Outperform in a statement by Raymond James Financial Inc. earlier today.
- Updated: October 6, 2016
Raymond James Financial Inc. has downgraded Regions Financial Corp (NYSE:RF) to Outperform in a statement released on Thursday October 06, 2016.
On 8/25/2016, Keefe, Bruyette & Woods released a statement on Regions Financial Corp (NYSE:RF) upped the target price from $0.00 to $10.50 that suggested an upside of 0.09%.
Having a price of $10.33, Regions Financial Corp (NYSE:RF) traded 0.44% higher on the day. With the last close up 13.04% from the two hundred day average, compared with the Standard & Poor's 500 Index which has decreased -0.01% over the same period. RF has recorded a 50-day average of $9.78 and a two hundred day average of $9.16. Trade Volume was down over the average, with 5,843,087 shares of RF changing hands under the typical 17,896,800
Recent Performance Chart
Regions Financial Corp has PE ratio of 13.03 with a one year low of $7.00 and a one year high of $10.43 and has a market capitalization of $0.
A total of 28 analysts have released a report on Regions Financial Corp. Eight analysts rating the company a strong buy, seven analysts rating the company a buy, fourteen analysts rating the company a hold, two analysts rating the company a underperform, and finally zero analysts rating the company a sell with a 12-month price target of $9.97.
General Company Details For Regions Financial Corp (NYSE:RF)
Regions Financial Corporation is a financial holding company. The Company conducts its banking operations through Regions Bank, an Alabama state-chartered commercial bank, which is a member of the Federal Reserve System. It operates in three segments: Corporate Bank, which represents its commercial banking functions, including commercial and industrial, commercial real estate and investor real estate lending; Consumer Bank, which represents its branch network, including consumer banking products and services related to residential first mortgages, home equity lines and loans, small business loans, indirect loans, consumer credit cards and other consumer loans, as well as the corresponding deposit relationships, and Wealth Management, which offers individuals, businesses, governmental institutions and non-profit entities a range of solutions to enable transfer of wealth. It provides traditional commercial, retail and mortgage banking services, as well as other financial services.
Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with MarketBeat.com's FREE daily email newsletter.