Regions Financial Corporation (NYSE:RF) Q2 results shows significant achievements


Dallas, Texas 08/02/2013 (Financialstrend) – During the past week Regions Financial Corporation (NYSE:RF) declared its second quarter results following which the price target for its shares were raised, as the results shows a significant achievements. Analysts at Rating Network raised their target from $8.75 to $10.50 of Region’s shares in the recent report, Sun Trust raised priced target for Region’s stocks in the research not released recently from $10.50 to $11.50, analyst at BMO Capital Markets also raised from $11.00 to $12.00 for the shares of Regions Financial Corporation, the company also announced its cash dividend of $0.03 per share payable on September 13, 2013.

The Alabama-based bank, Regions Financial Corporation (NYSE:RF) has hired long-time commercial real-estate brokers Richard Gross, Wendel Pardue and Buddy Billingsley from Wells Fargo to foray further Commercial Real Estate operations in Texas. These three experienced bankers will help Regions to concentrate more on financing regional and national industrial developers, multifamily, office and retail.  The bank announced that Wendel Pardue as the commercial real estate market manager in Texas who will be overseeing service specialists in Dallas, Buddy will be responsible for business development and growth in, Austin and San Antonio, he will also join Wendel to be accountable for plans and customers in Dallas.

Regions Financial Corporation (NYSE:RF) closed at $10.26 per share on Thursday to make a gain of 2.50% over the previous close. The stock moved between intraday low of $10.05 and $10.30 per share as intraday high during the day. There are 1.40 billion shares outstanding with institutional holding of 75%. The 52 week low is at $6.18 per share and 52 week high is at $10.52 per share. With $14.32 billion market capitalization there were 18.89 million shares of trading in the company’s stock on Thursday and the average volume is at 18.85 million shares per day.