Today’s Market Runner: Could Regions Financial Corp See a Reversal After This Very Weak Session?

Today's Market Runner: Could Regions Financial Corp See a Reversal After This Very Weak Session?

The stock of Regions Financial Corp (NYSE:RF) is a huge mover today! The stock decreased 4.73% or $0.64 on November 16, hitting $12.89. About 52.29M shares traded hands or 141.86% up from the average. Regions Financial Corp (NYSE:RF) has risen 59.55% since April 14, 2016 and is uptrending. It has outperformed by 54.87% the S&P500.
The move comes after 7 months negative chart setup for the $16.18 billion company. It was reported on Nov, 16 by Barchart.com. We have $12.12 PT which if reached, will make NYSE:RF worth $970.80M less.

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 49 analyst reports since August 12, 2015 according to StockzIntelligence Inc. The firm has “Positive” rating given on Friday, November 6 by Susquehanna. The firm earned “Neutral” rating on Friday, April 1 by Macquarie Research. The rating was upgraded by Raymond James to “Outperform” on Monday, August 31. On Tuesday, January 19 the stock rating was maintained by Compass Point with “Buy”. As per Wednesday, February 24, the company rating was downgraded by FIG Partners. The company was initiated on Tuesday, November 24 by Piper Jaffray. The rating was initiated by Guggenheim with “Buy” on Thursday, October 8. The rating was upgraded by Sandler O’Neill on Wednesday, September 30 to “Buy”. Raymond James downgraded the shares of RF in a report on Thursday, October 6 to “Outperform” rating. Keefe Bruyette & Woods upgraded the shares of RF in a report on Monday, June 6 to “Market Perform” rating.

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 increased, 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.
Dalton Greiner Hartman Maher & last reported 1.62 million shares in the company. Hsbc Public Ltd Company, a United Kingdom-based fund reported 2.47 million shares. Concannon Wealth Ltd Limited Liability Company reported 266 shares or 0% of all its holdings. First Manhattan Co, a New York-based fund reported 70,387 shares. Columbia Prtnrs L L C Inv accumulated 112,760 shares or 0.07% of the stock. Calvert Invest Mngmt last reported 97,855 shares in the company. The United Kingdom-based Pictet Asset Mgmt has invested 0.03% in Regions Financial Corp (NYSE:RF). Camarda Advisors Ltd Co owns 468 shares or 0% of their US portfolio. Brandes Inv Prtnrs Limited Partnership accumulated 0.1% or 785,874 shares. Blackrock reported 3.07M shares or 0.04% of all its holdings. Geode Capital Management Limited Liability Corp last reported 11.34 million shares in the company. Voya Investment Lc, a Georgia-based fund reported 737,565 shares. Iberiabank Corporation has invested 0.21% of its portfolio in Regions Financial Corp (NYSE:RF). The Kentucky-based Teachers Retirement Systems Of The State Of Kentucky has invested 0.02% in Regions Financial Corp (NYSE:RF). The New York-based Spears Abacus Advisors Limited Liability Corporation has invested 0.06% in Regions Financial Corp (NYSE:RF).

More important recent Regions Financial Corp (NYSE:RF) news were published by: Businesswire.com which released: “Samuel A. Di Piazza Jr. and James T. Prokopanko Appointed to the Regions …” on November 08, 2016, also Businesswire.com published article titled: “Regions Financial Scheduled to Participate in the Bank of America Merrill …”, Streetinsider.com published: “Form 8-K REGIONS FINANCIAL CORP For: Nov 15” on November 15, 2016. More interesting news about Regions Financial Corp (NYSE:RF) was released by: Moodys.com and their article: “Moody’s Upgrades Regions Financial Corporation (Baa2 Senior Unsecured)” with publication date: November 02, 2016.

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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