November 23, 2016 - By Louis Casey
Company insider, William Horton, SEVP of Regions Financial Corp unloaded a total of 12,000 shares of the company, estimated based on $13.2 a share. In the last month, he also sold 50,000 shares worth $649,500 USD. William Horton owns 0.00% of the -company’s market cap or 39,932 shares. The information is as stated in a SEC filing dated 22-11-2016.
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 company was initiated on Thursday, August 20 by Sterne Agee CRT. The rating was upgraded by Raymond James to “Outperform” on Tuesday, August 25. Keefe Bruyette & Woods downgraded it to “Outperform” rating and $9.50 target price in Monday, May 16 report. The rating was maintained by Compass Point with “Buy” on Tuesday, January 19. The rating was downgraded by Wood to “Outperform” on Monday, May 16. FBR Capital upgraded the stock to “Outperform” rating in Tuesday, April 19 report. The firm earned “Mkt Perform” rating on Tuesday, October 11 by FBR Capital. The stock has “Hold” rating given by Deutsche Bank on Monday, November 9. The firm has “Outperform” rating given on Monday, November 14 by FBR Capital. Deutsche Bank maintained the shares of RF in a report on Wednesday, August 12 with “Buy” rating.
Insitutional Activity: The institutional sentiment decreased to 0.78 in Q2 2016. Its down 0.16, from 0.94 in 2016Q1. The ratio is negative, 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.
Apriem Advsrs holds 10,500 shares or 0.03% of its portfolio. Balyasny Asset Mngmt Limited Liability holds 0.02% of its portfolio in Regions Financial Corp (NYSE:RF) for 324,401 shares. National Bank Of Montreal Can, a Ontario – Canada-based fund reported 5.25 million shares. The Nebraska-based Farmers Merchants Incorporated has invested 0% in Regions Financial Corp (NYSE:RF). Forest Hill Capital Ltd Co has invested 4.37% of its portfolio in Regions Financial Corp (NYSE:RF). Pictet Asset Ltd accumulated 0.03% or 695,463 shares. Citadel Advisors Lc holds 0% or 166,509 shares in its portfolio. Robeco Institutional Asset Bv holds 0.03% or 503,092 shares in its portfolio. Susquehanna Group Ltd Liability Partnership accumulated 0% or 757,616 shares. Mitchell Mcleod Pugh & Williams Inc has 0.72% invested in the company for 93,940 shares. Atlantic Trust Grp Incorporated Lc owns 66,788 shares or 0% of their US portfolio. Rwc Asset Llp holds 0.09% or 156,763 shares in its portfolio. Homrich And Berg holds 93,734 shares or 0.08% of its portfolio. Blackrock Group Limited owns 12.83M shares or 0.06% of their US portfolio. Pinebridge Investments Ltd Partnership holds 87,270 shares or 0.04% of its portfolio.
Insider Transactions: Since May 24, 2016, the stock had 0 insider purchases, and 8 sales for $3.64 million net activity. Keenan David R. also sold $622,167 worth of Regions Financial Corp (NYSE:RF) shares. Herron C. Keith sold $363,503 worth of Regions Financial Corp (NYSE:RF) on Tuesday, August 9. $95,300 worth of shares were sold by Jones Ellen S. on Thursday, August 18. The insider Couch Brett D sold 32,342 shares worth $343,666. Peters Scott M. sold $589,595 worth of Regions Financial Corp (NYSE:RF) on Wednesday, November 16. Shares for $649,500 were sold by Horton William E. 69,410 shares were sold by Ritter William D., worth $744,943.
The stock increased 0.31% or $0.04 during the last trading session, hitting $13.15. About 30.90M 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 Louis Casey