Insider Activity Seen In Regions Financial Corporation (NYSE:RF)

888

Dallas, Texas 01/29/2014 (FINANCIALSTRENDS) – Executive vice President of Regions Financial Corp. (NYSE:RF), William D. Ritter offloaded  59,096 shares of the company stock in the open market in the transaction that was dated Thursday, 23 January. These shares were sold-off at an average-price of $10.80, and the total transaction value was $638,236.80. Post this transaction, the executive VP now directly-owns 160,236 shares of Regions Financial Corporation (NYSE:RF) stock, valued at around $1,730,549. This sale was disclosed in the document that was filed with the Securities and Exchange Commission.

Recently, numerous analysts have weighed in on Regions Financial Corporation (NYSE:RF) shares. Research-analysts at Morgan Stanley reiterated their “overweight” rating on the Regions Financial Corporation (NYSE:RF) shares in the research note to investors on Wednesday, 22 January and they currently have a price target of $12.00 on the company stock. Separately, equities-analysts at Janney Montgomery Scott initiated their coverage on Regions Financial Corporation (NYSE:RF) shares in the research note to investors on 14 January. They set assigned a “buy” rating on the Regions Financial Corporation (NYSE:RF) stock. Finally, analysts at the Deutsche Bank upgraded the Regions Financial Corporation (NYSE:RF) shares from a “hold” to a “buy” rating in the research note to investors on 3 January.

They currently have a price target of $12.00 price target on the company stock, up from the previous $10.00. One research-analyst has rated the Regions Financial Corporation (NYSE:RF) stock with a “ sell” rating, 6 have assigned a “ hold”  rating, 17 have assigned a “ buy”  rating and 1 has assigned a “ strong buy” rating to the Regions Financial Corporation (NYSE:RF) stock. Currently, the average rating on Regions Financial Corporation (NYSE:RF) is a “Buy” and the average price target is $10.21.Regions Financial Corp. (NYSE:RF) last announced the company’s earnings-results on 21 January. It reported EPS of $0.21 for the quarter, which topped the average analyst, estimates $0.20 by $0.01.

Subscribe to get your free report!

* indicates required
*Past performance is not a predictor of future results. All investing involves risk of loss and individual investments may vary. The examples provided may not be representative of typical results. Your capital is at risk when you invest – you can lose some or all of your money. Never risk more than you can afford to lose.By submitting your information you agree to the terms of our Privacy Policy • Cancel Newsletter Any Time.This is a FREE service from Finacials Trend. Signing up for our FREE daily e-letter also entitles you to receive this report. We will NOT share your email address with anyone.