Regions Financial Corporation (NYSE:RF) registered a 1.81% increase, still its new closing price is 105.56% up from the company’s 1 year high of 14.93.It posted -3.64% losses in previous 5 sessions and is now the subject of 18 analysts who together assign a hold rating on stock. 1 of Wall Street analysts have an underperform rating; the 1 sells versus 4 buy or better ratings. The 30 stock analysts following this company have an average price target at $15.10, with individual PT in the $12.00-$19.00 range. The shares moved at $14.03, implying that brokerage firms see shares gaining about 78.09% in twelve months time.
Regions Financial Corporation (RF) SEC Form 4 News
The stock is getting much attention these days as insiders are offloading shares while they posted a -2.30% fall year to date. A SEVP at Regions Financial Corporation (RF) offloaded shares in a transaction closed on Monday November 21, 2016. Horton William E sold 12,000 shares in the company at $13.17 each and collected $158,000 in proceeds. Horton William E now owns 39,932 shares in the company after this transaction. A SEVP in the company, Smith Ronald G., disclosed a transaction on Friday November 18, 2016 that ended up generating $608,000 from the sale of 46,304 shares at $13.14 per share.
Regions Financial Corporation (NYSE:RF) Upcoming Results on Tap
Regions Financial Corporation will next provide financial results for the March 2017 quarter. Stock analysts expect it to report per-share earnings of $0.24 in that period. Sales during the quarter are predicted to arrive at $1.39 billion.
Earnings surprise history: Last quarter, the company posted approximately $1.43 billion in revenue and EPS of $0.24. The mean forecast was for $1.38 billion and $0.21 a share, respectively. One quarter earlier, revenue for the stock was at $1.37 billion, with earnings at $0.20/share.
Regions Financial Corporation (RF) Brokerage Update
Regions Financial Corporation (RF) is in Susquehanna’s research list so their analyst rating change is noteworthy. These shares were downgraded to Neutral from Positive by Susquehanna, according to news reported on Thursday December 01, 2016.Another important research note was issued by Jefferies on Monday November 28, 2016.The firm downgraded RF to Hold from Buy. Over the last six months and over the last three months, the shares of Regions Financial Corporation (RF), have changed 59.77% and 40.80%, respectively.
Regions Financial Corporation (NYSE:RF) on January 5, 2017 announced that José S. Suquet has been appointed to the company’s Board of Directors.
Mr. Suquet is Chairman, President and CEO of Pan-American Life Insurance Group, a leading provider of insurance and financial services throughout the Americas. The Group’s flagship member is New Orleans-based Pan-American Life Insurance Company.
Prior to joining Pan-American Life Insurance Group, Mr. Suquet held senior management posts in the insurance industry for more than three decades, including serving as Senior Executive Vice President and Chief Distribution Officer of AXA Financial. Mr. Suquet is a member of The American Council of Life Insurers’ Board of Directors and serves on the board of the Ochsner Health System. Previously he was a member of the Board of Directors of the Federal Reserve Bank of Atlanta where he served as Chairman of the Retail Payments Office Oversight Committee. He also previously served on the Board of Directors for the Federal Reserve Bank of Atlanta, New Orleans Branch. Mr. Suquet was born in Cuba and graduated from Fordham University (New York) with a Bachelor of Science and holds an M.B.A. from the University of Miami.