The stock of Regions Financial Corp (NYSE:RF) is a huge mover today! About 4.79 million shares traded hands. Regions Financial Corp (NYSE:RF) has risen 30.37% since March 9, 2016 and is uptrending. It has outperformed by 22.96% the S&P500.
The move comes after 7 months positive chart setup for the $12.83B company. It was reported on Oct, 12 by Barchart.com. We have $17.35 PT which if reached, will make NYSE:RF worth $8.72 billion more.
Analysts await Regions Financial Corp (NYSE:RF) to report earnings on October, 18. They expect $0.21 EPS, up 10.53% or $0.02 from last year’s $0.19 per share. RF’s profit will be $260.82 million for 12.30 P/E if the $0.21 EPS becomes a reality. After $0.20 actual EPS 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 22 analysts covering Regions Financial Corp (NYSE:RF), 10 rate it a “Buy”, 3 “Sell”, while 9 “Hold”. This means 45% are positive. Regions Financial Corp has been the topic of 47 analyst reports since August 12, 2015 according to StockzIntelligence Inc. The rating was upgraded by Sandler O’Neill to “Buy” on Wednesday, September 30. Bruyette & Woods;KBW; KBW” upgraded the stock to “Underperform” rating in Tuesday, August 25 report. The firm earned “Underperform” rating on Wednesday, February 24 by FIG Partners. The stock of Regions Financial Corp (NYSE:RF) has “Outperform” rating given on Monday, May 16 by Wood. As per Friday, November 6, the company rating was initiated by Susquehanna. The stock of Regions Financial Corp (NYSE:RF) has “Mkt Perform” rating given on Tuesday, October 11 by FBR Capital. As per Tuesday, August 16, the company rating was downgraded by Bernstein. On Monday, May 16 the stock rating was downgraded by Keefe Bruyette & Woods to “Outperform”. As per Monday, November 9, the company rating was downgraded by Deutsche Bank. On Thursday, August 20 the stock rating was initiated by Sterne Agee CRT with “Buy”.
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 2016 Q2. Its up 0.02, from 0.92 in 2016Q1. The ratio is positive, 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.
United Cap Advisers Limited Company accumulated 0.01% or 161,475 shares. Aberdeen Asset Management Public Ltd Liability Corp Uk accumulated 0.05% or 1.53M shares. Brandes Investment Prns Ltd Partnership has 0.1% invested in the company for 785,874 shares. Westport Res Management accumulated 3,496 shares or 0.01% of the stock. The California-based Baker Avenue Asset Lp has invested 0.17% in Regions Financial Corp (NYSE:RF). Smith Graham Investment Advsrs Limited Partnership last reported 403,960 shares in the company. Stifel Fin holds 0.01% of its portfolio in Regions Financial Corp (NYSE:RF) for 213,521 shares. Duncker Streett Communication reported 27,600 shares or 0.08% of all its holdings. Alpine Woods Invsts Ltd Liability Com holds 0.85% or 1.66 million shares in its portfolio. Callahan Advsrs Ltd Company owns 28,350 shares or 0.06% of their US portfolio. Ontario Teachers Pension Plan Board has 0.27% invested in the company for 2.80 million shares. Moreover, Fieldpoint Private Advsr has 2.29% invested in Regions Financial Corp (NYSE:RF) for 394,565 shares. Security last reported 0% of its portfolio in the stock. Sei Investments last reported 0.01% of its portfolio in the stock. Lba Wealth Management Limited Company holds 0% of its portfolio in Regions Financial Corp (NYSE:RF) for 212 shares.
More news for Regions Financial Corp (NYSE:RF) were recently published by: Barrons.com, which released: “Regions Financial: Stock Is Too Cheap” on October 10, 2016. Businesswire.com‘s article titled: “Regions Chief Credit Officer Barb Godin Named One of 25 Most Powerful Women in …” and published on October 05, 2016 is yet another important article.
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.
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