Regions Financial (RF) Gets a Sell from Barclays
In a report released today, Jason Goldberg from Barclays maintained a Sell rating on Regions Financial, with a price target of $30.00.
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Goldberg covers the Financial sector, focusing on stocks such as Citigroup, Truist Financial, and KeyCorp. According to TipRanks, Goldberg has an average return of 14.7% and a 70.02% success rate on recommended stocks.
The word on The Street in general, suggests a Hold analyst consensus rating for Regions Financial with a $30.07 average price target.
Based on Regions Financial’s latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $2.33 billion and a net profit of $559 million. In comparison, last year the company earned a revenue of $2.32 billion and had a net profit of $490 million
Based on the recent corporate insider activity of 25 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of RF in relation to earlier this year. Last month, Brian R Willman, the SEVP of RF sold 7,014.00 shares for a total of $195,690.60.
