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

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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.