Regions Financial Corp (RF) Could Help Your Portfolio. The Stock Formed Descending Triangle

July 17, 2017 - By Nellie Frank

Investors sentiment increased to 0.91 in 2016 Q4. Its up 0.13, from 0.78 in 2016Q3. It is positive, as 42 investors sold Regions Financial Corp shares while 219 reduced holdings. 87 funds opened positions while 151 raised stakes. 892.05 million shares or 1.88% more from 875.58 million shares in 2016Q3 were reported.
Trustmark Bancorp Tru Department reported 39,232 shares. Jpmorgan Chase & Commerce holds 0.08% or 24.26M shares. Ameritas Invest Prtnrs holds 0.02% or 30,009 shares. Lba Wealth Mgmt Ltd Liability Corporation has invested 0% in Regions Financial Corp (NYSE:RF). Advsr Asset Mngmt stated it has 106,502 shares. Gargoyle Advisor Llc reported 113,000 shares stake. Samlyn Capital Limited Liability, New York-based fund reported 3.21 million shares. Everence Cap Management holds 0.1% or 24,860 shares in its portfolio. Twin Tree Mgmt Limited Partnership invested 0% of its portfolio in Regions Financial Corp (NYSE:RF). Assetmark invested in 0.01% or 55,814 shares. Farmers & Merchants Invs Inc holds 13,321 shares. Ironbridge Management Limited Partnership has invested 0.02% in Regions Financial Corp (NYSE:RF). 22,625 were accumulated by One Natl Association. Amp Capital Ltd accumulated 685,278 shares or 0.06% of the stock. Shelton Cap Mgmt holds 0.06% in Regions Financial Corp (NYSE:RF) or 44,166 shares.

The stock of Regions Financial Corp (RF) formed a descending triangle with $15.88 target or 8.00 % above today’s $14.70 share price. The 9 months triangle pattern indicates low risk for the $17.50 billion company. If the $15.88 price target is reached, the company will be worth $1.40B more.
The descending triangle is in our view more reliable than the ascending one. The descending triangle pattern has break even failure rate for up and down breakouts of 7% and 16%, respectively. The average rise and decline is 47% and 16%. The throwback or so called pullback rates are: 37% and 54%. The stocks meeting their targets is high for this type of breakout: 84% and 54% percent.

The stock increased 0.14% or $0.02 during the last trading session, reaching $14.7. About 8.53M shares traded. Regions Financial Corp (NYSE:RF) has risen 48.79% since July 17, 2016 and is uptrending. It has outperformed by 32.09% the S&P500.

Analysts expect Regions Financial Corp (NYSE:RF) to report $0.24 EPS on July, 18.They anticipate $0.04 EPS change or 20.00 % from last quarter’s $0.2 EPS. RF’s profit would be $285.71M giving it 15.31 P/E if the $0.24 EPS is correct. After having $0.23 EPS previously, Regions Financial Corp’s analysts see 4.35 % EPS growth.

Regions Financial Corp (NYSE:RF) Ratings Coverage

Among 28 analysts covering Regions Financial Corp (NYSE:RF), 7 have Buy rating, 4 Sell and 17 Hold. Therefore 25% are positive. Regions Financial Corp had 67 analyst reports since August 12, 2015 according to SRatingsIntel. The rating was upgraded by Raymond James on Monday, August 31 to “Outperform”. The firm has “Underperform” rating by FIG Partners given on Wednesday, February 24. The rating was downgraded by Keefe Bruyette & Woods on Monday, May 16 to “Outperform”. The rating was downgraded by Morgan Stanley on Thursday, February 11 to “Equal-Weight”. The firm has “Outperform” rating given on Wednesday, December 7 by FBR Capital. The rating was upgraded by Raymond James to “Outperform” on Tuesday, August 25. The rating was upgraded by Bank of America to “Buy” on Friday, May 5. The stock of Regions Financial Corp (NYSE:RF) earned “Hold” rating by RBC Capital Markets on Thursday, June 22. The firm has “Outperform” rating by FBR Capital given on Tuesday, April 19. The firm earned “Outperform” rating on Thursday, October 6 by Raymond James.

More news for Regions Financial Corp (NYSE:RF) were recently published by: Businesswire.com, which released: “Regions Financial Corp. Announces CCAR Results; Proposed Capital Actions …” on June 28, 2017. Prnewswire.com‘s article titled: “Technical Snapshots for These Banking Stocks — Regions Financial, BB&T, First …” and published on June 20, 2017 is yet another important article.

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