Regions Financial Gets a Hold Rating from RBC Capital

By Jason Carr

In a report issued on June 22, Gerard Cassidy from RBC Capital reiterated a Hold rating on Regions Financial (NYSE: RF), with a price target of $15. The company’s shares closed yesterday at $13.57.

According to, Cassidy is a top 25 analyst with an average return of 27.6% and a 80.7% success rate. Cassidy covers the Financial sector, focusing on stocks such as Provident Financial Services, Discover Financial Services, and Huntington Bancshares Inc.

Currently, the analyst consensus on Regions Financial is Moderate Buy and the average price target is $15.64, representing a 15.3% upside.

In a report issued on June 8, Jefferies also reiterated a Hold rating on the stock with a $16 price target.

The company has a one year high of $16.03 and a one year low of $7.80. Currently, Regions Financial has an average volume of 17.91M.

Based on the recent corporate insider activity of 102 insiders, corporate insider sentiment is negative on the stock. Last month, Keith Herron, the SEVP of RF sold 30,000 shares for a total of $428,700.

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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. It operates through the following segments: Corporate Bank, Consumer Bank, and Wealth Management. The Corporate Bank segment represents the Company’s commercial banking functions including commercial and industrial, commercial real estate and investor real estate lending. The Consumer Bank segment holds the Company’s branch network, including consumer banking products and services related to residential first mortgages, home equity lines and loans, small business loans, indirect loans, consumer credit cards and other consumer loans, as well as the corresponding deposit relationships. The Wealth Management segment offers individuals, businesses, governmental institutions and non-profit entities a wide range of solutions to help protect, grow and transfer wealth. The company was founded in 1971 and is headquartered in Birmingham, AL.,05Z5MM-E