Rating Worth Mentioning: What To Expect After Regions Fincl (NYSE:RF)’s Downgrade Rating From Jefferies?

November 28, 2016 - By olga

Rating Worth Mentioning: What To Expect After Regions Fincl (NYSE:RF)'s Downgrade Rating From Jefferies?

Regions Fincl (NYSE:RF) Downgrade

Expert analysts at Jefferies’s research division decreased Regions Fincl (NYSE:RF)‘s stock rating from “Buy” to “Hold” 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 -16.39% below today’s ($13.18) stock price. Regions Financial Corp has been the topic of 51 analyst reports since August 12, 2015 according to StockzIntelligence Inc. The rating was maintained by Deutsche Bank with “Buy” on Saturday, August 15. As per Tuesday, November 8, the company rating was downgraded by Sandler O’Neill. The firm earned “Outperform” rating on Monday, November 14 by FBR Capital. The firm has “Buy” rating by Compass Point given on Tuesday, January 19. The firm has “Buy” rating by Deutsche Bank given on Wednesday, August 12. FBR Capital downgraded it to “Mkt Perform” rating and $10.50 target price in Tuesday, October 11 report. On Monday, May 16 the stock rating was downgraded by Keefe Bruyette & Woods to “Outperform”. On Tuesday, April 19 the stock rating was upgraded by FBR Capital to “Outperform”. The rating was initiated by Wedbush on Friday, October 7 with “Outperform”. Sterne Agee CRT initiated the stock with “Buy” rating in Thursday, August 20 report.

About 3.33 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 $272.08M for 14.98 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 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.

Meridian Com holds 0.09% or 17,726 shares in its portfolio. Trexquant Investment Ltd Partnership last reported 0.46% of its portfolio in the stock. Dnb Asset Mgmt As accumulated 188,914 shares or 0% of the stock. City holds 0% or 395 shares in its portfolio. Private Financial Bank And Trust owns 10,000 shares or 0.01% of their US portfolio. Ameritas Invest Prns holds 0.01% of its portfolio in Regions Financial Corp (NYSE:RF) for 25,440 shares. Aull And Monroe Mgmt holds 0.71% or 145,301 shares in its portfolio. The South Africa-based Old Mutual Customised Solutions (Proprietary) has invested 0.07% in Regions Financial Corp (NYSE:RF). Moreover, Huntington Fincl Bank has 0% invested in Regions Financial Corp (NYSE:RF) for 8,118 shares. Advisors Asset Management Inc accumulated 0.01% or 91,697 shares. Menta Cap Lc holds 37,000 shares or 0.04% of its portfolio. Oakworth Inc holds 0.4% or 107,475 shares in its portfolio. Farmers Merchants Investments holds 0% of its portfolio in Regions Financial Corp (NYSE:RF) for 321 shares. Td Asset Management Incorporated has invested 0.01% of its portfolio in Regions Financial Corp (NYSE:RF). Euclid Advsr Ltd Liability Corporation has 8,730 shares for 0% of their US portfolio.

Regions Financial Corporation is a financial holding company. The company has a market cap of $16.30 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 15.49 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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