Rating to Follow: Jefferies & Co Reports Downgrade of Regions Financial (NYSE:RF) from “Buy” to “Hold” Rating

November 28, 2016 - By olga

Rating to Follow: Jefferies & Co Reports Downgrade of Regions Financial (NYSE:RF) from

Regions Financial (NYSE:RF) Downgrade

Jefferies & Co cut shares of Regions Financial (NYSE:RF) from a “Buy” rating to a “Hold” rating in a analysts note made public on Monday, 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. The company was downgraded on Thursday, February 11 by Morgan Stanley. The firm has “Outperform” rating given on Friday, October 7 by Wedbush. The stock has “Buy” rating given by Guggenheim on Thursday, October 8. The stock of Regions Financial Corp (NYSE:RF) earned “Outperform” rating by Wood on Monday, May 16. The firm has “Underperform” rating given on Wednesday, February 24 by FIG Partners. As per Tuesday, January 19, the company rating was upgraded by Piper Jaffray. As per Tuesday, August 25, the company rating was upgraded by Bruyette & Woods;KBW; KBW”. The stock has “Outperform” rating given by Raymond James on Thursday, October 6. As per Tuesday, November 8, the company rating was downgraded by Sandler O’Neill. The firm has “Market Perform” rating by Bernstein given on Tuesday, August 16.

About 10.75 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 $272.07M 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 2016 Q2. 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.

Meiji Yasuda Asset Management Company Ltd accumulated 12,215 shares or 0.01% of the stock. Blackrock Limited last reported 12.83 million shares in the company. Frontier Mgmt has invested 0.16% of its portfolio in Regions Financial Corp (NYSE:RF). Apriem Advsrs has 10,500 shares for 0.03% of their US portfolio. Pinnacle Financial Ptnrs Incorporated holds 0.28% of its portfolio in Regions Financial Corp (NYSE:RF) for 133,150 shares. Qcm Cayman Ltd has invested 0.14% of its portfolio in Regions Financial Corp (NYSE:RF). Basswood Cap Management Limited Liability Com reported 11.94M shares or 5.88% of all its holdings. Walleye Trading Lc holds 0.03% or 617,606 shares in its portfolio. Rwc Asset Management Llp owns 156,763 shares or 0.09% of their US portfolio. C M Bidwell owns 335,860 shares or 0.71% of their US portfolio. Ronald Blue & Co Llc accumulated 0.01% or 23,353 shares. Ameriprise Financial reported 987,447 shares or 0% of all its holdings. Bailard holds 18,070 shares or 0.02% of its portfolio. Ladenburg Thalmann Services Incorporated owns 123,466 shares or 0.02% of their US portfolio. Allianz Asset Mngmt Ag accumulated 0.01% or 1.22M shares.

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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