Regions Financial (RF) Gets a Buy from Wedbush

Wedbush analyst David Chiaverini maintained a Buy rating on Regions Financial (RFResearch Report) on October 24 and set a price target of $25.00. The company’s shares closed yesterday at $21.23.

Chiaverini covers the Financial sector, focusing on stocks such as Cathay General Bancorp, Comerica, and Huntington Bancshares. According to TipRanks, Chiaverini has an average return of 4.0% and a 43.67% success rate on recommended stocks.

In addition to Wedbush, Regions Financial also received a Buy from Argus Research’s Kevin Heal in a report issued yesterday. However, on the same day, Stephens maintained a Hold rating on Regions Financial (NYSE: RF).

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The company has a one-year high of $24.94 and a one-year low of $17.84. Currently, Regions Financial has an average volume of 8.21M.

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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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