Regions Financial Profit Slips

The firm now has a “buy” rating on the stock.

Other equities research analysts have also recently issued reports about the stock. Analysts at Jefferies Group raised their price target on shares of Regions Financial Corp from $10.50 to $12.00 in a research note on Thursday, July 2nd. Analysts at Zacks downgraded shares of E*TRADE Financial Corp from a “buy” rating to a “hold” rating in a research note on Tuesday, June 9th. Finally, analysts at Piper Jaffray initiated coverage on shares of Fulton Financial Corp in a research note on Friday, June 5th. Six research analysts have rated the stock with a hold rating, Fulton Financial Corp has an average rating of “Hold” and an average price target of $13.20.

E-Trade shares have risen 21 percent since the beginning of the year, while the Standard & Poor’s 500 index has increased 2 percent. The 52-week high of Fulton Financial Corporation (NASDAQ:FULT) is $13.66 and the 52-week low is $10.43. The stock has a 50-day moving average of $30.1 and a 200-day moving average of $27.74. The company has a market cap of $14.08 billion and a price-to-earnings ratio of 14.545.

Shares of Fulton Financial Corporation (NASDAQ:FULT) rose by 0.68% in the past week and 0.76% for the last 4 weeks.

Regions Financial Corp. today reported second-quarter earnings of $285 million, or 20 cents per share.

Thirty two financial analysts who cover Regions Financial Corp’s stock are predicting earnings of $0.78 per share for 2015 giving the stock exchange listed company a forward Price to Earnings ratio of 13.57. During the same quarter in the previous year, the company posted $0.24 earnings per share. Shareholders of record on Wednesday, July 1st were given a dividend of $0.09 per share. This represents a $0.36 dividend on an annualized basis and a yield of 2.68%. The ex-dividend date of this dividend was Monday, June 29th. Regions Financial Corporation is up 6.13% in the last 3-month period.

Now its market value is: $14.10 billion and it has 1.33 billion shares outstanding. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. The 1-year stock price history is in the range of $8.59 – $10.83. The disclosure for this sale can be found here.

Fulton Financial Corporation is a multi-bank financial holding company. Regions conduct its banking operations through Regions Bank, a commercial bank. The Company carries out its business in three segments: Corporate Bank, Consumer Bank and Wealth Management. The Company provides these services to customers both online and through their network of customer service representatives and Financial Consultants – over the phone and in person at 30 Company branches across the United States. The Company offers solutions for individual investors and stock plan participants.