Regions Financial Corp. (NYSE:RF) announced its quarterly earnings results

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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.

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