At the time of writing, the First Call consensus price target for the company is $25.77.
A number of research firms have commented on BAC. Regions Financial Corp had 62 analyst reports since August 12, 2015 according to SRatingsIntel. Closely-held shares are those owned by insiders, major shareholders and employees, while restricted stock refers to insider shares that can not be traded because of a temporary restriction such as the lock-up period after an initial public offering.
04/19/2017 - Bank of America Corporation had its "equal-weight" rating reiterated by analysts at Barclays.
A 52-week high/low is the highest and lowest price that a stock has traded at during the previous year. Sowell Financial Services LLC bought a new stake in shares of Regions Financial Corp during the fourth quarter worth $109,000. Ten analysts rating the company a strong buy, seventeen analysts rating the company a buy, six analysts rating the company a hold, zero analysts rating the company a underperform, and finally zero analysts rating the company a sell with a one year target of $17.22. The stock now has an average rating of Hold and an average target price of $13.59. Regions Financial Corporation (RF) shares have been seen trading -13.17% off its 52 week- peak value and changed 80.46% from its 52 week-bottom price value.
Regions Financial Corporation was downgraded to " by analysts at Rafferty Capital Markets. They use historic price data to observe stock price patterns to predict the direction of that price going forward. Comparatively, RF posted earnings of $0.23 per share in the same quarter, a year earlier. Bank of America Corporation highlighted its earnings success in the latest quarter as it beat the Street's earnings consensus estimates of $0.35 by $0.06. The company had revenue of $22.45 billion for the quarter, compared to analyst estimates of $21.77 billion. Bank of America Corp had a net margin of 18.10% and a return on equity of 6.85%. The company's revenue for the quarter was up 6.9% compared to the same quarter a year ago. For the Current Quarter, 12 analysts are projecting the mean EPS to be $0.39/share. They expect $0.28 earnings per share, up 133.33% or $0.16 from last year's $0.12 per share.
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COPYRIGHT VIOLATION NOTICE: This report was posted by BBNS and is the sole property of of BBNS. If you are reading this piece on another domain, it was illegally stolen and republished in violation of United States and worldwide copyright legislation. The correct version of this report can be viewed at [[permalink]]. Investors of record on Friday, June 9th will be paid a $0.07 dividend. The ex-dividend date was Wednesday, March 1st. This is an increase from Regions Financial Corp's previous quarterly dividend of $0.07. This represents a $0.30 annualized dividend and a dividend yield of 1.26%. Bank Of America Corp now has $249.81B valuation. Following the completion of the sale, the executive vice president now directly owns 205,143 shares of the company's stock, valued at $2,800,201.95. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink.
In related news, EVP Brett D. Couch sold 65,848 shares of the stock in a transaction that occurred on Thursday, January 26th. Are investors supposed to sell when the stock hits the target? When we look at the Volatility of the company, Week Volatility is at 3.21% whereas Month Volatility is at 2.77%. The disclosure for this sale can be found here. 1 is equivalent to a buy rating, 3 a hold rating, and 5 a sell rating.
A number of other hedge funds and other institutional investors also recently modified their holdings of BAC. Prudential Financial Inc. boosted its position in shares of First Financial Corp by 8.1% in the third quarter. Two Sigma Advisers LP now owns 2,986,289 shares of the bank's stock valued at $29,475,000 after buying an additional 19,644 shares during the last quarter. Regions Financial Corp (NYSE:RF) has risen 43.48% since September 19, 2016 and is uptrending.
The bank, based in Terre Haute, Indiana, said it had earnings of 77 cents per share. Finally, Great West Life Assurance Co. Smith Asset Gp LP reported 0% in Regions Financial Corp (NYSE:RF).