RBC Capital analyst Gerard Cassidy maintained a Buy rating on Regions Financial (RF – Research Report) on July 22 and set a price target of $26.00. The company’s shares closed last Monday at $21.29.
According to TipRanks.com, Cassidy is a top 100 analyst with an average return of 21.6% and a 66.8% success rate. Cassidy covers the Financial sector, focusing on stocks such as Bank of New York Mellon Corporation, JPMorgan Chase & Co., and Fifth Third Bancorp.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Regions Financial with a $23.82 average price target, a 13.7% upside from current levels. In a report issued on July 7, Raymond James also upgraded the stock to Buy with a $23.00 price target.
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The company has a one-year high of $25.57 and a one-year low of $18.01. Currently, Regions Financial has an average volume of 8.03M.
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Regions Financial Corp. operates as a bank holding company. It provides traditional commercial, retail and mortgage banking services, as well as other financial services in the fields of investment banking, asset management, trust, mutual funds, securities brokerage, insurance and other specialty financing. The company operates through the following segments: Corporate Bank, Consumer Bank, and Wealth Management. The Corporate Bank segment represents the company’s commercial banking functions including commercial and industrial, commercial real estate and investor real estate lending. The Consumer Bank segment holds the company’s branch network, including consumer banking products and services related to residential first mortgages, home equity lines and loans, small business loans, indirect loans, consumer credit cards and other consumer loans. The Wealth Management segment offers individuals, businesses, governmental institutions and non-profit entities a range of solutions to help protect grow and transfer wealth. Regions Financial was founded in 1971 and is headquartered in Birmingham, AL.
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