The current average analyst rating on the shares is hold and the breakdown of recommendations is 7 strong buy or buy, 11 hold and 4 sell or strong sell.
The average consensus recommendation for the banks peer group is buy.
Wall Street's median 12-month price target for Regions Financial Corp is $31.50, about 2.8% above its July 16 closing price of $32.40.
The stock recently traded at 12 times the next 12-month earnings vs. a P/E of 10 three months ago.
Drivers of the quarter
Loan growth: Net interest income rose 2% from the prior quarter, driven by growth in average loans, fixed-rate asset turnover, and prudent deposit cost management.
Wealth management income: Wealth management income reached a record level, up 6% from the prior quarter, mainly due to higher production and favorable market conditions.
Net charge-offs declined and non-performing loans decreased, reflecting improved credit performance.
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