Nomura Securities Maintains a 'Buy' on Regions Financial (RF); Digging Out of the Credit Hole

Nomura Securities maintains a 'Buy' on Regions Financial (NYSE: RF), PT $8.

Nomura analyst, Brain Foran, said, "We think Regions is continuing to dig out of the credit hole with inflows to nonperforming slowing over 20% in the quarter leading to a break-even result. While some may worry about a big decline in provision vs. only a small decline in the stock of nonperformers, we would note that the provision to NPA inflow ratio has remained fairly stable for RF at ~60% in recent quarters...The stock trades at 9x our base case normalized earnings which factors in a 3.30% NIM, and 7x our bull case normalized which factors in a 3.50% NIM. Thus we find valuation attractive..."

For more ratings news on Regions Financial click here and for the rating history of Regions Financial click here.

Shares of Regions Financial closed at $6.98 yesterday.

---

Serious News for Serious Traders! Try StreetInsider.com Premium Free!

---

You May Also Be Interested In

• Tesla plans 'flying' Roadster stunt at SpaceX Texas site as early as August
• SanDisk upgraded at JPMorgan after investor day; shares climb
• Piper Sandler Reiterates Overweight Rating on KKR (KKR), 'highest conviction name'