Dallas, Texas 07/11/2013 (Financialstrend) – Regions Financial Corp. (NYSE:RF) has recently announced its quarterly earnings results. The company reported $0.23 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.20 by $0.03. During the same quarter last year, the company posted $0.11 of earnings per share. Analysts expect that Regions Financial Corp. will post $0.86 EPS for the current fiscal year. Several other analysts have also recently commented on the stock. Analysts at Zacks reiterated an “outperform” rating on shares of Regions Financial Corp. in a research note to investors on Monday, July 1st, maintaining now a $10.50 price target on the stock. Analysts at Guggenheim downgraded shares of RF from a “buy” to a “neutral” rating in a research note to investors on Thursday, 27 June. Finally, analysts at The Street reiterated a “buy” rating on the shares of Regions Financial Corp. in a research note to investors on Tuesday, 25 , June. Seven analysts have assigned a “hold” rating, two a “sell” rating, fourteen rated the stock as “buy” and one maintained a “strong buy” rating. The company has an average target price of $8.89, with an average rating of “buy”.
Regions Financial Corporation’s (NYSE:RF) share price declined by 0.69% on Wednesday and closed at $10.13 per share for the day. Intraday prices for the stock touched a low of $10.01 and a high of $10.22 per share. Trading volume stood at 18.12 million shares on Wednesday, with an average one of 18 million per day of trading. Regions Financial Corporation (NYSE:RF) currently has a 52-week low price of $6.18 and a 52-week high price of $10.34 per share. The market cap is $14.32 billion with 1.41 billion shares outstanding and 74% of institutional ownership.
This report is for information purposes only, and is neither a solicitation or recommendation to buy nor an offer to sell securities. Financials Trend is not-a-registered-investment-advisor. Financials Trend is not a broker-dealer. Information, opinions and analysis contained herein are based on sources believed to be reliable, but no representation, expressed or implied, is made as to its accuracy, completeness or correctness. The opinions contained herein reflect our current judgment and are subject to change without notice. Financials Trend accepts no liability for any losses arising from an investor's reliance on the use of this material. Financials Trend sometimes gets compensated up to one hundred and fifty thousand dollars per month for featuring particular stocks. See site disclaimer for complete compensation. Financials Trend and its affiliates or officers currently hold no shares of these stocks. Financials Trend and its affiliates or officers will purchase and sell shares of common stock of these stocks, in the open market at any time without notice. Financials Trend will not update its purchases and sales of these stocks in any future postings on Financials Trend's websites. Certain information included herein is forward-looking within the context of the Private Securities Litigation Reform Act of 1995, including, but not limited to, statements concerning manufacturing, marketing, growth, and expansion. The words "may", "would," "will," "expect," "estimate," "anticipate," "believe," "intend," " project," and similar expressions and variations thereof are intended to identify for ward-looking statements. Such forward- looking information involves important risks and uncertainties that could affect actual results and cause them to differ materially from expectations expressed herein. *Financials Trend does not set price targets on securities. Never invest into a stock discussed on this web site or in this email alert unless you can afford to lose your entire investment.