Regions Financial Corp. (NYSE:RF) announced its quarterly earnings results


Dallas, Texas 07/11/2013 (Financialstrend) – Regions Financial Corp. (NYSE:RF) has recently announced its quarterly earnings results. The company reported $0.23 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.20 by $0.03. During the same quarter last year, the company posted $0.11 of earnings per share. Analysts expect that Regions Financial Corp. will post $0.86 EPS for the current fiscal year.  Several other analysts have also recently commented on the stock. Analysts at Zacks reiterated an “outperform” rating on shares of Regions Financial Corp. in a research note to investors on Monday, July 1st, maintaining now a $10.50 price target on the stock. Analysts at Guggenheim downgraded shares of RF from a “buy” to a “neutral” rating in a research note to investors on Thursday, 27 June. Finally, analysts at The Street reiterated a “buy” rating on the shares of Regions Financial Corp. in a research note to investors on Tuesday, 25 , June. Seven analysts have assigned a “hold” rating, two a “sell” rating, fourteen rated the stock as “buy” and one maintained a “strong buy” rating. The company has an average target price of $8.89, with an average rating of “buy”.

Regions Financial Corporation’s (NYSE:RF) share price declined by 0.69% on Wednesday and closed at $10.13 per share for the day. Intraday prices for the stock touched a low of $10.01 and a high of $10.22 per share. Trading volume stood at 18.12 million shares on Wednesday, with an average one of 18 million per day of trading. Regions Financial Corporation (NYSE:RF) currently has a 52-week low price of $6.18 and a 52-week high price of $10.34 per share. The market cap is $14.32 billion with 1.41 billion shares outstanding and 74% of institutional ownership.

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.