Noteworthy Rating Filing: Time To Sell Regions Fincl (RF), Jefferies Downgrades It

November 28, 2016 - By whatsonthorold

Noteworthy Rating Filing: Time To Sell Regions Fincl (RF), Jefferies Downgrades It

Regions Fincl (RF) Downgrade

Regions Fincl (RF)‘s rating was decreased by investment analysts at Jefferies from a “Buy” rating to a “Hold” rating in an analyst note published on Monday, 28 November.

Regions Financial Corp (NYSE:RF) Ratings Coverage

Out of 5 analysts covering Regions Fincl (RF), 2 rate it a “Buy”, 0 “Sell”, while 3 “Hold”. This means 40% are positive. $12.0 is the highest target while $10.5 is the lowest. The $11.25 average target is -14.12% below today’s ($13.1) stock price. Regions Fincl has been the topic of 5 analyst reports since October 6, 2016 according to StockzIntelligence Inc. Sandler O’Neill downgraded Regions Financial Corp (NYSE:RF) on Tuesday, November 8 to “Hold” rating. The rating was downgraded by FBR Capital on Tuesday, October 11 to “Mkt Perform”. The firm earned “Neutral” rating on Wednesday, November 16 by Piper Jaffray. The stock of Regions Financial Corp (NYSE:RF) has “Outperform” rating given on Friday, October 7 by Wedbush. The firm has “Outperform” rating given on Thursday, October 6 by Raymond James.

About 5.02M shares traded hands. Regions Financial Corp (RF) has risen 43.66% since April 25, 2016 and is uptrending. It has outperformed by 37.64% the S&P500.

Analysts await Regions Financial Corp (NYSE:RF) to report earnings on January, 20. They expect $0.22 EPS, up 4.76% or $0.01 from last year’s $0.21 per share. RF’s profit will be $272.06M for 14.89 P/E if the $0.22 EPS becomes a reality. After $0.24 actual EPS reported by Regions Financial Corp for the previous quarter, Wall Street now forecasts -8.33% negative EPS growth.

Insitutional Activity: The institutional sentiment decreased to 0.78 in Q2 2016. 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.

Cambridge Inv Research Advisors Inc holds 0.01% of its portfolio in Regions Financial Corp (NYSE:RF) for 69,983 shares. Aperio Group Ltd Limited Liability Company, a California-based fund reported 773,568 shares. Macquarie Grp Incorporated Ltd has invested 0% of its portfolio in Regions Financial Corp (NYSE:RF). Clearbridge Limited Liability accumulated 0.11% or 10.54M shares. Lombard Odier Asset (Europe) Ltd has 21,373 shares for 0.01% of their US portfolio. Pitcairn accumulated 22,421 shares or 0.02% of the stock. Tcw Inc owns 92,900 shares or 0.01% of their US portfolio. Patten holds 63,879 shares or 0% of its portfolio. Daiwa Securities Gru last reported 0% of its portfolio in the stock. Prudential Public Ltd Com holds 10,079 shares or 0% of its portfolio. Stephens Ar has 148,032 shares for 0.06% of their US portfolio. Ny State Common Retirement Fund has 0.05% invested in the company for 3.97 million shares. Spears Abacus Advsrs Limited Liability Corp holds 56,016 shares or 0.06% of its portfolio. Shelton Capital Management, a California-based fund reported 44,166 shares. Wealthtrust accumulated 0% or 691 shares.

Regions Financial Corporation is a financial holding company. The company has a market cap of $16.20 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 15.39 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.”

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.

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 Moodys.com published the news titled: “Moody’s Upgrades Regions Financial Corporation (Baa2 Senior Unsecured)” on November 02, 2016. Streetinsider.com‘s news article titled: “Form 8-K REGIONS FINANCIAL CORP For: Nov 22” with publication date: November 22, 2016 was also an interesting one.

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