Regions Financial Corporation with ticker code (RF) now have 23 analysts in total covering the stock. The consensus rating is pointing to ‘Buy’. The range between the high target price and low target price is between 27.5 and 19 calculating the average target price we see $22.68. Given that the stocks previous close was at $18.89 this would imply there is now a potential upside of 20.1%. There is a 50 day moving average of $20.35 and the 200 day MA is $21.35. The company has a market capitalization of $17,167m. You can visit the company’s website by visiting: https://www.regions.com
The potential market cap would be $20,611m based on the market consensus.
Regions Financial Corporation, a financial holding company, provides banking and bank-related services to individual and corporate customers. It operates through three segments: Corporate Bank, Consumer Bank, and Wealth Management. The Corporate Bank segment offers commercial banking services, such as commercial and industrial, commercial real estate, and investor real estate lending; equipment lease financing; deposit products; and securities underwriting and placement, loan syndication and placement, foreign exchange, derivatives, merger and acquisition, and other advisory services. It serves corporate, middle market, and commercial real estate developers and investors. The Consumer Bank segment provides consumer banking products and services related to residential first mortgages, home equity lines and loans, consumer credit cards, and other consumer loans, as well as deposits. The Wealth Management segment offers credit related products, and retirement and savings solutions; and trust and investment management, asset management, and estate planning services to individuals, businesses, governmental institutions, and non-profit entities. It also provides investment and insurance products; low-income housing tax credit corporate fund syndication services; and other specialty financing services. The company was founded in 1971 and is headquartered in Birmingham, Alabama.
The company has a dividend yield of 4.36% with the ex dividend date set at 9-3-2023 (DMY).
