Regions Financial (RF) Receives a Buy from RBC Capital
RBC Capital analyst Gerard Cassidy maintained a Buy rating on Regions Financial on June 22 and set a price target of $31.00. The company’s shares closed yesterday at $28.75.
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Cassidy covers the Financial sector, focusing on stocks such as Citigroup, Fifth Third Bancorp, and JPMorgan Chase. According to TipRanks, Cassidy has an average return of 15.5% and a 73.36% success rate on recommended stocks.
Regions Financial has an analyst consensus of Hold, with a price target consensus of $30.07.
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.
