KBW Reiterates a Hold Rating on Regions Financial

By Ryan Adsit

KBW analyst Brian Klock reiterated a Hold rating on Regions Financial (NYSE: RF) yesterday and set a price target of $15.50. The company’s shares closed yesterday at $13.75.

According to TipRanks.com, Klock is a 4-star analyst with an average return of 12.1% and a 63.9% success rate. Klock covers the Financial sector, focusing on stocks such as Canadian Bank of Commerce, First Bancorp Puerto Rico, and Huntington Bancshares Inc.

Currently, the analyst consensus on Regions Financial is Hold and the average price target is $14.80, representing a 7.6% upside.

In a report issued on September 1, Robert W. Baird also reiterated a Hold rating on the stock with a $13 price target.

Based on Regions Financial’s latest earnings report for the quarter ending June 30, the company posted quarterly revenue of $1.51 billion and quarterly net profit of $316 million. In comparison, last year the company earned revenue of $1.42 billion and had a net profit of $275 million.

Based on the recent corporate insider activity of 123 insiders, corporate insider sentiment is negative on the stock.

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Regions Financial Corp. operates as a bank holding company for Regions Bank. Through its subsidiary, it 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.