FBR Capital Believes RF Won’t Stop Here

By Jason Carr

Regions Financial (NYSE: RF) received a Buy rating and a $15 price target from FBR Capital analyst Steve Moss today. The company’s shares closed last Friday at $12.45, close to its 52-week high of $12.47.

According to TipRanks.com, Moss is a 3-star analyst with an average return of 11.7% and a 100.0% success rate. Moss covers the Financial sector, focusing on stocks such as Prosperity Bancshares, SunTrust Banks, and Banner Corp.

Regions Financial has an analyst consensus of Moderate Buy, with a price target consensus of $10.75.

The company has a one year high of $12.47 and a one year low of $7. Currently, Regions Financial has an average volume of 18.25M.

Based on the recent corporate insider activity of 73 insiders, corporate insider sentiment is negative on the stock. Most recently, in August 2016, David R. Keenan, the SEVP of RF sold 65,000 shares for a total of $622,050.

Regions Financial Corp. operates as a bank holding company for Regions Bank. The company through its bank 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 business through three segments: Business Services, Consumer Services and Wealth Management. The Business Services segment represents the company’s commercial banking functions including commercial and industrial, commercial real estate and investor real estate lending. This segment also includes equipment lease financing. The Consumer Services segment represents the company’s branch network, including consumer banking products and services related to residential first mortgages, home equity lines and loans, indirect loans, consumer credit cards and other consumer loans, as well as the corresponding deposit relationships. These services are also provided through alternative channels such as the internet and telephone banking. The Wealth Management segment includes wealth management products and services such as trust activities, commercial insurance and credit related products, and investment management. Regions Financial was founded in 1971 and is headquartered in Birmingham, AL.