Regions Financial Corporation with ticker code (RF) now have 23 market analysts covering the stock. The analyst consensus now points to a rating of ‘Buy’. The target price High/Low ranges between 30 and 21 and has a mean target at $25.07. Given that the stocks previous close was at $18.26 this indicates there is a potential upside of 37.3%. Also worth taking note is the 50 day moving average now sits at $21.92 and the 200 day MA is $21.40. The market capitalization for the company is $17,112m. Company Website: https://www.regions.com
The potential market cap would be $23,494m 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 4.38% with the ex dividend date set at 9-3-2023 (DMY).
Other points of data to note are a P/E ratio of 8.03, revenue per share of 7.43 and a 1.41% return on assets.
