Notable Runner: Is Buying 52-Week Stock Like Regions Financial Corp a Winning Strategy?

Notable Runner: Is Buying 52 Week Stock Like Regions Financial Corp a Winning Strategy?

The stock of Regions Financial Corp (NYSE:RF) hit a new 52-week high and has $13.42 target or 29.00% above today’s $10.40 share price. The 8 months bullish chart indicates low risk for the $13.35B company. The 1-year high was reported on Oct, 6 by Barchart.com. If the $13.42 price target is reached, the company will be worth $3.87 billion more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. About 3.53M shares traded hands. Regions Financial Corp (NYSE:RF) has risen 24.52% since March 3, 2016 and is uptrending. It has outperformed by 16.17% the S&P500.

Analysts await Regions Financial Corp (NYSE:RF) to report earnings on October, 18. They expect $0.21 earnings per share, up 10.53% or $0.02 from last year’s $0.19 per share. RF’s profit will be $269.62M for 12.37 P/E if the $0.21 EPS becomes a reality. After $0.20 actual earnings per share reported by Regions Financial Corp for the previous quarter, Wall Street now forecasts 5.00% EPS growth.

Regions Financial Corp (NYSE:RF) Ratings Coverage

Out of 20 analysts covering Regions Financial Corp (NYSE:RF), 9 rate it a “Buy”, 3 “Sell”, while 8 “Hold”. This means 45% are positive. $13 is the highest target while $9 is the lowest. The $10.76 average target is 3.46% above today’s ($10.4) stock price. Regions Financial Corp has been the topic of 44 analyst reports since August 12, 2015 according to StockzIntelligence Inc. The firm has “Buy” rating by Compass Point given on Tuesday, January 19. The firm has “Buy” rating by Sterne Agee CRT given on Thursday, August 20. Sandler O’Neill upgraded the shares of RF in a report on Wednesday, September 30 to “Buy” rating. On Saturday, August 15 the stock rating was maintained by Deutsche Bank with “Buy”. Piper Jaffray initiated Regions Financial Corp (NYSE:RF) on Tuesday, November 24 with “Neutral” rating. Susquehanna initiated the shares of RF in a report on Friday, November 6 with “Positive” rating. On Wednesday, February 24 the stock rating was downgraded by FIG Partners to “Underperform”. The stock of Regions Financial Corp (NYSE:RF) has “Outperform” rating given on Monday, May 16 by Keefe Bruyette & Woods. The stock has “Neutral” rating given by Macquarie Research on Friday, April 1. The rating was upgraded by Bruyette & Woods;KBW; KBW” on Tuesday, August 25 to “Underperform”.

According to Zacks Investment Research, “Regions Financial Corporation is a regional bank holding company and has banking-related subsidiaries engaged in mortgage banking, credit life insurance, leasing, and securities brokerage activities with offices in various Southeastern states. Through its subsidiaries, Regions offers a broad range of banking and banking-related services.”

Insitutional Activity: The institutional sentiment increased to 0.94 in Q2 2016. Its up 0.02, from 0.92 in 2016Q1. The ratio improved, as 33 funds sold all Regions Financial Corp shares owned while 208 reduced positions. 56 funds bought stakes while 170 increased positions. They now own 913.54 million shares or 2.17% less from 933.80 million shares in 2016Q1.
Greenwich Wealth Mgmt Ltd Liability Co accumulated 0.22% or 135,000 shares. Anchor Advsrs Ltd Llc last reported 0.07% of its portfolio in the stock. Euclid Advsrs Lc accumulated 0% or 8,730 shares. Seabridge Inv Advsr Lc last reported 577,322 shares in the company. Retail Bank Of Montreal Can last reported 0.05% of its portfolio in the stock. Teacher Retirement Of Texas, a Texas-based fund reported 218,600 shares. Tudor Corporation Et Al last reported 0.01% of its portfolio in the stock. Ifc Holding Fl reported 15,823 shares or 0.01% of all its holdings. Mackenzie Fin Corp owns 2.86M shares or 0.14% of their US portfolio. Metropolitan Life Insurance Ny holds 0.04% or 660,512 shares in its portfolio. Sg Americas Secs Ltd Liability has 34,806 shares for 0% of their US portfolio. Norinchukin Commercial Bank The has 0.01% invested in the company for 27,781 shares. First Mercantile Tru accumulated 0.04% or 38,000 shares. Teton Advisors, a New York-based fund reported 217,634 shares. Schneider Capital Mngmt Corp has 3.02M shares for 4.82% of their US portfolio.

More recent Regions Financial Corp (NYSE:RF) news were published by: Businesswire.com which released: “Regions Chief Credit Officer Barb Godin Named One of 25 Most Powerful Women in …” on October 05, 2016. Also Reuters.com published the news titled: “Fitch Affirms Regions Financial Corporation’s IDRs at ‘BBB/F2’; Outlook Re…” on October 04, 2016. Forbes.com‘s news article titled: “Ex-Dividend Reminder: Commerce Bancshares, Regions Financial and Travelers …” with publication date: September 06, 2016 was also an interesting one.

RF Company Profile

Regions Financial Corporation, incorporated on February 13, 2004, is a financial holding company. The Firm conducts its banking activities through Regions Bank, an Alabama state-chartered commercial bank, which is a member of the Federal Reserve System. The Firm operates in three divisions: Corporate Bank, Consumer Bank and Wealth Management. The Firm provides traditional commercial, retail and mortgage banking services, as well as other financial services in the fields of asset management, wealth management, securities brokerage, insurance brokerage, trust services, merger and acquisition advisory services, and other specialty financing. The Firm operates approximately 1,960 automated teller machines (ATMs) and over 1,630 banking offices in Alabama, Arkansas, Florida, Georgia, Illinois, Indiana, Iowa, Kentucky, Louisiana, Mississippi, Missouri, North Carolina, South Carolina, Tennessee, Texas and Virginia.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.

Tags: , ,

Leave a Comment