November 23, 2016 - By Clifton Ray
Ronald Smith, the SEVP of Regions Financial Corp, made a sale of 46,304 shares of the company, with a market value $608,435 U.S. Dollars, based on a market price of $13.1 for every share. The provided information is as shown in a SEC report dated 22-11-2016. Today, Ronald Smith has in hand 258,126 shares or 0.02% of the company’s total market cap.
Out of 23 analysts covering Regions Financial Corp (NYSE:RF), 9 rate it a “Buy”, 3 “Sell”, while 11 “Hold”. This means 39% are positive. $15 is the highest target while $9 is the lowest. The $11.02 average target is -16.20% below today’s ($13.15) stock price. Regions Financial Corp has been the topic of 51 analyst reports since August 12, 2015 according to StockzIntelligence Inc. The rating was downgraded by FBR Capital to “Mkt Perform” on Tuesday, October 11. The firm earned “Positive” rating on Friday, November 6 by Susquehanna. The rating was downgraded by Bank of America on Wednesday, June 29 to “Neutral”. The firm has “Outperform” rating given on Friday, October 7 by Wedbush. On Monday, August 31 the stock rating was upgraded by Raymond James to “Outperform”. Sterne Agee CRT initiated it with “Buy” rating and $12 target price in Thursday, August 20 report. As per Monday, June 6, the company rating was upgraded by Keefe Bruyette & Woods. The firm has “Outperform” rating given on Monday, May 16 by Keefe Bruyette & Woods. The firm has “Underperform” rating by Bruyette & Woods;KBW; KBW” given on Tuesday, August 25. The rating was downgraded by Wood to “Outperform” on Monday, May 16.
Insitutional Activity: The institutional sentiment decreased to 0.78 in 2016 Q2. Its down 0.16, from 0.94 in 2016Q1. The ratio dived, 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.
Livforsakringsbolaget Skandia Omsesidigt accumulated 0.06% or 147,062 shares. Everence Capital Mgmt has invested 0.07% of its portfolio in Regions Financial Corp (NYSE:RF). Proshare Ltd Co, a Maryland-based fund reported 442,956 shares. Rwc Asset Mngmt Ltd Liability Partnership last reported 156,763 shares in the company. Susquehanna Group Ltd Liability Partnership has 0% invested in the company for 757,616 shares. Alliancebernstein Lp owns 2.34 million shares or 0.02% of their US portfolio. Stephens Incorporated Ar has 0.06% invested in the company for 148,032 shares. Pggm accumulated 904,468 shares or 0.04% of the stock. Prudential Pcl holds 10,079 shares or 0% of its portfolio. Convergence Investment Prtn Ltd Limited Liability Company has invested 0.76% of its portfolio in Regions Financial Corp (NYSE:RF). Comerica Fincl Bank holds 0.03% or 313,639 shares in its portfolio. Exxonmobil Inv Mgmt Tx, a Texas-based fund reported 327,889 shares. Glenmede Tru Na reported 9,375 shares or 0% of all its holdings. Lazard Asset Management Limited Com has 18,354 shares for 0% of their US portfolio. Maltese Cap Management Ltd Liability Company, a New York-based fund reported 1.07 million shares.
Insider Transactions: Since May 24, 2016, the stock had 0 buys, and 8 selling transactions for $3.64 million net activity. 44,485 shares were sold by Peters Scott M., worth $589,595 on Wednesday, November 16. Herron C. Keith sold $363,503 worth of stock or 38,753 shares. 50,000 shares were sold by Horton William E, worth $649,500. Shares for $343,666 were sold by Couch Brett D. $192,200 worth of Regions Financial Corp (NYSE:RF) was sold by Jones Ellen S. on Tuesday, May 24. The insider Ritter William D. sold $744,943. Keenan David R. sold 65,000 shares worth $622,167.
The stock increased 0.27% or $0.03 during the last trading session, hitting $13.15. About 30.90 million shares traded hands or 19.91% up from the average. Regions Financial Corp (NYSE:RF) has risen 43.12% since April 20, 2016 and is uptrending. It has outperformed by 38.57% the S&P500.
Regions Financial Corporation is a financial holding company. The company has a market cap of $16.00 billion. The Firm conducts its banking activities through Regions Bank, an Alabama state-chartered commercial bank, which is a member of the Federal Reserve System. It has a 15.45 P/E ratio. It operates in three divisions: Corporate Bank, which represents its commercial banking functions, including commercial and industrial, commercial real estate and investor real estate lending; Consumer Bank, which represents its branch network, including consumer banking services and products related to residential first mortgages, home equity lines and loans, small business loans, indirect loans, consumer credit cards and other consumer loans, as well as the corresponding deposit relationships, and Wealth Management, which offers individuals, businesses, governmental institutions and non-profit entities a range of solutions to enable transfer of wealth.
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.”
More recent Regions Financial Corp (NYSE:RF) news were published by: Nasdaq.com which released: “Commit To Buy Regions Financial Corp At $8, Earn 5.8% Using Options” on November 21, 2016. Also Streetinsider.com published the news titled: “Form 8-K REGIONS FINANCIAL CORP For: Nov 22” on November 22, 2016. Moodys.com‘s news article titled: “Moody’s Upgrades Regions Financial Corporation (Baa2 Senior Unsecured)” with publication date: November 02, 2016 was also an interesting one.
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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By Clifton Ray