The stock of Regions Financial Corp (NYSE:RF) hit a new 52-week high and has $15.08 target or 38.00% above today’s $10.93 share price. The 7 months bullish chart indicates low risk for the $13.71 billion company. The 1-year high was reported on Nov, 7 by Barchart.com. If the $15.08 price target is reached, the company will be worth $5.21B more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. About 14.37M shares traded hands. Regions Financial Corp (NYSE:RF) has risen 37.34% since April 5, 2016 and is uptrending. It has outperformed by 35.38% the S&P500.
Regions Financial Corp (NYSE:RF) Ratings Coverage
Out of 22 analysts covering Regions Financial Corp (NYSE:RF), 10 rate it a “Buy”, 3 “Sell”, while 9 “Hold”. This means 45% are positive. Regions Financial Corp has been the topic of 47 analyst reports since August 12, 2015 according to StockzIntelligence Inc. Wood downgraded Regions Financial Corp (NYSE:RF) rating on Monday, May 16. Wood has “Outperform” rating and $9.50 price target. The firm has “Underperform” rating by Bruyette & Woods;KBW; KBW” given on Tuesday, August 25. The stock has “Buy” rating given by Sandler O’Neill on Wednesday, September 30. The company was maintained on Wednesday, August 12 by Deutsche Bank. Compass Point maintained the shares of RF in a report on Tuesday, January 19 with “Buy” rating. The firm earned “Overweight” rating on Tuesday, January 19 by Piper Jaffray. FIG Partners downgraded the stock to “Underperform” rating in Wednesday, February 24 report. As per Monday, June 6, the company rating was upgraded by Keefe Bruyette & Woods. Deutsche Bank downgraded the stock to “Hold” rating in Monday, November 9 report. The rating was upgraded by Guggenheim on Friday, August 28 to “Buy”.
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.”
Insitutional Activity: The institutional sentiment increased to 0.94 in 2016 Q2. Its up 0.02, from 0.92 in 2016Q1. The ratio is positive, 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.
The California-based Gemmer Asset Lc has invested 0.01% in Regions Financial Corp (NYSE:RF). Copper Rock Capital Prtn Lc owns 43,166 shares or 0.03% of their US portfolio. Exxonmobil Mgmt Tx last reported 327,889 shares in the company. Dalton Greiner Hartman Maher accumulated 0.86% or 1.62M shares. Private Advisor Gru Limited Company accumulated 24,457 shares or 0.01% of the stock. Ing Groep Nv last reported 0.01% of its portfolio in the stock. Renaissance Technologies Ltd Llc has invested 0.05% of its portfolio in Regions Financial Corp (NYSE:RF). Deere And Company has invested 0.07% of its portfolio in Regions Financial Corp (NYSE:RF). Stonebridge Ltd Com, a Minnesota-based fund reported 13,483 shares. Euclid Advsrs Lc owns 8,730 shares or 0% of their US portfolio. Gulf Interest National Bank & Trust (Uk) Ltd reported 404,567 shares or 0.06% of all its holdings. Quantitative Systematic Strategies Ltd Llc last reported 0.44% of its portfolio in the stock. Citigroup Inc last reported 1.61M shares in the company. Mackenzie Corporation has 0.14% invested in the company for 2.86 million shares. Advisors Asset Management accumulated 0.01% or 91,697 shares.
More important recent Regions Financial Corp (NYSE:RF) news were published by: Businesswire.com which released: “Regions Financial Corp. Announces $120 Million Increase in Stock Repurchase …” on November 01, 2016, also Moodys.com published article titled: “Moody’s Upgrades Regions Financial Corporation (Baa2 Senior Unsecured)”, Wsj.com published: “Regions Financial Revenue and Profit Grow as Staffing Levels Decrease” on October 18, 2016. More interesting news about Regions Financial Corp (NYSE:RF) was released by: Seekingalpha.com and their article: “Regions Financial Corp.: Is Growth Too Low To Inspire Interest?” with publication date: October 19, 2016.
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.
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