Regions Financial (RF) Gets a Sell Rating from Barclays

By Austin Angelo

Barclays analyst Jason Goldberg maintained a Sell rating on Regions Financial (RFResearch Report) today and set a price target of $17. The company’s shares opened today at $16.42.

Goldberg observed:

“We expect RF’s presentation to focus on its growth initiatives, balance sheet positioning, results of McKinsey review, capital deployment expectations, credit trends, and an expanded 2019 outlook. We also expect questions about its technology and scale to be in focus.”

According to TipRanks.com, Goldberg is a 4-star analyst with an average return of 6.0% and a 63.9% success rate. Goldberg covers the Financial sector, focusing on stocks such as Huntington Bancshares Inc, Capital One Financial, and Fifth Third Bancorp.

Regions Financial has an analyst consensus of Moderate Buy, with a price target consensus of $18.11.

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Regions Financial’s market cap is currently $16.77B and has a P/E ratio of 12.02. The company has a Price to Book ratio of 1.18.

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Regions Financial Corp. operates as a bank holding company. 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.