The stock of Regions Financial Corp (NYSE:RF) hit a new 52-week high and has $13.94 target or 3.00% above today’s $13.53 share price. The 8 months bullish chart indicates low risk for the $16.78 billion company. The 1-year high was reported on Nov, 30 by Barchart.com. If the $13.94 price target is reached, the company will be worth $503.40 million 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 4.42 million shares traded hands. Regions Financial Corp (NYSE:RF) has risen 37.43% since April 27, 2016 and is uptrending. It has outperformed by 32.21% the S&P500.
Analysts await Regions Financial Corp (NYSE:RF) to report earnings on January, 20. They expect $0.22 earnings per share, up 4.76% or $0.01 from last year’s $0.21 per share. RF’s profit will be $272.85 million for 15.38 P/E if the $0.22 EPS becomes a reality. After $0.24 actual earnings per share reported by Regions Financial Corp for the previous quarter, Wall Street now forecasts -8.33% negative EPS growth.
Regions Financial Corp (NYSE:RF) Ratings Coverage
Out of 23 analysts covering Regions Financial Corp (NYSE:RF), 8 rate it a “Buy”, 3 “Sell”, while 12 “Hold”. This means 35% are positive. $15 is the highest target while $9 is the lowest. The $11.02 average target is -18.55% below today’s ($13.53) stock price. Regions Financial Corp has been the topic of 52 analyst reports since August 12, 2015 according to StockzIntelligence Inc. The firm has “Neutral” rating given on Tuesday, November 24 by Piper Jaffray. On Monday, May 16 the stock rating was downgraded by Keefe Bruyette & Woods to “Outperform”. On Wednesday, August 12 the stock rating was maintained by Deutsche Bank with “Buy”. The firm has “Hold” rating given on Monday, November 9 by Deutsche Bank. On Monday, November 14 the stock rating was upgraded by FBR Capital to “Outperform”. Wood upgraded Regions Financial Corp (NYSE:RF) rating on Monday, June 6. Wood has “Market Perform” rating and $11 price target. The stock has “Mkt Perform” rating given by FBR Capital on Tuesday, October 11. Guggenheim upgraded the stock to “Buy” rating in Friday, August 28 report. The firm has “Buy” rating by Sterne Agee CRT given on Thursday, August 20. On Friday, October 7 the stock rating was initiated by Wedbush with “Outperform”.
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 decreased to 0.78 in 2016 Q2. Its down 0.16, from 0.94 in 2016Q1. The ratio fall, 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.
Bbva Compass Bank Incorporated last reported 0.01% of its portfolio in the stock. Advisory Services Networks Ltd has 4,240 shares for 0.01% of their US portfolio. Parkside National Bank & Trust And Tru last reported 0% of its portfolio in the stock. Goldman Sachs Gru Incorporated has invested 0.04% of its portfolio in Regions Financial Corp (NYSE:RF). Pzena Invest Mngmt Limited Liability Corp has invested 1.62% of its portfolio in Regions Financial Corp (NYSE:RF). Picton Mahoney Asset Management holds 0% of its portfolio in Regions Financial Corp (NYSE:RF) for 1,500 shares. Qcm Cayman holds 0.14% or 39,101 shares in its portfolio. Prudential Fincl holds 0.08% or 5.32 million shares in its portfolio. Schroder Group reported 1.29M shares or 0.02% of all its holdings. The France-based Bnp Paribas Invest Prtnrs Sa has invested 0.01% in Regions Financial Corp (NYSE:RF). Mizuho & accumulated 2.04 million shares or 0.05% of the stock. Atwood Palmer holds 0.03% or 18,940 shares in its portfolio. American National Registered Invest Advisor Inc, a Texas-based fund reported 14,137 shares. Sumitomo Mitsui Tru Holding accumulated 3.66 million shares or 0.05% of the stock. Carroll Associate holds 0.03% of its portfolio in Regions Financial Corp (NYSE:RF) for 20,871 shares.
More news for Regions Financial Corp (NYSE:RF) were recently published by: Nasdaq.com, which released: “Commit To Buy Regions Financial Corp At $8, Earn 5.8% Using Options” on November 21, 2016. Moodys.com‘s article titled: “Moody’s Upgrades Regions Financial Corporation (Baa2 Senior Unsecured)” and published on November 02, 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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