Rating Reporting: Is Regions Financial Corporation (NYSE:RF) Worth Your Time After Placed Jefferies’s Downgrade?

November 28, 2016 - By Winifred Garcia

Rating Reporting: Is Regions Financial Corporation (NYSE:RF) Worth Your Time After Placed Jefferies's Downgrade?

Regions Financial Corporation (NYSE:RF) Downgrade

Regions Financial Corporation (NYSE:RF) was lowered by stock analysts at Jefferies from a “Buy” rating to a “Hold” rating in an analyst note revealed to clients and investors on 28 November.

Regions Financial Corp (NYSE:RF) Ratings Coverage

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 -16.13% below today’s ($13.14) stock price. Regions Financial Corp has been the topic of 51 analyst reports since August 12, 2015 according to StockzIntelligence Inc. On Tuesday, August 25 the stock rating was upgraded by Raymond James to “Outperform”. As per Tuesday, August 16, the company rating was downgraded by Bernstein. As per Wednesday, September 30, the company rating was upgraded by Sandler O’Neill. The stock of Regions Financial Corp (NYSE:RF) has “Neutral” rating given on Tuesday, November 24 by Piper Jaffray. As per Friday, August 28, the company rating was upgraded by Guggenheim. Wood upgraded it to “Market Perform” rating and $11 target price in Monday, June 6 report. The company was downgraded on Monday, November 9 by Deutsche Bank. PiperJaffray downgraded the stock to “Neutral” rating in Wednesday, November 16 report. The rating was downgraded by FIG Partners to “Underperform” on Wednesday, February 24. The firm has “Buy” rating by Sterne Agee CRT given on Thursday, August 20.

About 9.66 million shares traded hands. Regions Financial Corp (NYSE: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 earnings per share, up 4.76% or $0.01 from last year’s $0.21 per share. RF’s profit will be $272.07 million for 14.93 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.

Insitutional Activity: The institutional sentiment decreased to 0.78 in Q2 2016. Its down 0.16, from 0.94 in 2016Q1. The ratio worsened, 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.

Fieldpoint Private has invested 2.29% of its portfolio in Regions Financial Corp (NYSE:RF). Gradient Ltd Com, a Minnesota-based fund reported 359 shares. Moreover, Dalton Greiner Hartman Maher & has 0.86% invested in Regions Financial Corp (NYSE:RF) for 1.62M shares. Group Inc One Trading Lp holds 0% or 2,066 shares in its portfolio. City accumulated 0% or 395 shares. Nationwide Fund owns 388,355 shares or 0.01% of their US portfolio. Picton Mahoney Asset, a Ontario – Canada-based fund reported 1,500 shares. Nuveen Asset Limited Liability Co has 277,734 shares for 0.01% of their US portfolio. D E Shaw Inc has 140,602 shares for 0% of their US portfolio. Smith Graham And Company Investment Advsrs Ltd Partnership reported 403,960 shares or 0.47% of all its holdings. Blackrock Fund Advisors has 0.04% invested in the company for 21.08 million shares. Moreover, Northern Tru has 0.04% invested in Regions Financial Corp (NYSE:RF) for 14.77 million shares. Moors Cabot Inc has 0.07% invested in the company for 44,659 shares. Reliance Trust Co Of Delaware accumulated 41,854 shares or 0.03% of the stock. Commonwealth Equity Service Inc has invested 0.02% of its portfolio in Regions Financial Corp (NYSE:RF).

Regions Financial Corporation is a financial holding company. The company has a market cap of $16.25 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 15.44 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 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.

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