In today’s session Regions Financial Corp (RF) registered an unusually high (1,579) contracts volume of call trades. Someone, most probably a professional was a very active buyer of the February, 2017 call, expecting serious RF increase. With 1,579 contracts traded and 644 open interest for the Feb, 17 contract, it seems this is a quite bullish bet. The option with symbol: RF170217C00014000 closed last at: $0.54 or 157.1% up. About 13.63M shares traded hands. Regions Financial Corp (NYSE:RF) has risen 59.55% since April 14, 2016 and is uptrending. It has outperformed by 54.87% 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 49 analyst reports since August 12, 2015 according to StockzIntelligence Inc. The rating was downgraded by Bernstein on Tuesday, August 16 to “Market Perform”. Deutsche Bank maintained Regions Financial Corp (NYSE:RF) on Wednesday, August 12 with “Buy” rating. Sandler O’Neill downgraded the shares of RF in a report on Tuesday, November 8 to “Hold” rating. The stock has “Buy” rating given by Compass Point on Tuesday, January 19. The firm has “Market Perform” rating given on Monday, June 6 by Wood. The stock has “Positive” rating given by Susquehanna on Friday, November 6. Sandler O’Neill upgraded it to “Buy” rating and $10.50 target price in Wednesday, September 30 report. The stock of Regions Financial Corp (NYSE:RF) earned “Outperform” rating by Raymond James on Thursday, October 6. The stock has “Buy” rating given by Sterne Agee CRT on Thursday, August 20. As per Tuesday, April 19, the company rating was upgraded by FBR Capital.
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.
Raymond James And last reported 0.02% of its portfolio in the stock. Standard Life Investments Limited owns 7.95M shares or 0.31% of their US portfolio. Water Island Cap holds 0% of its portfolio in Regions Financial Corp (NYSE:RF) for 1,000 shares. Vanguard Grp, a Pennsylvania-based fund reported 127.90M shares. Moreover, Korea has 0.07% invested in Regions Financial Corp (NYSE:RF) for 1.41M shares. Bank Of The Ozarks owns 10,607 shares or 0.03% of their US portfolio. State Of Tennessee Treasury Department reported 922,640 shares or 0.04% of all its holdings. Kcg holds 868,700 shares or 0.15% of its portfolio. Fincl Cap Management Ltd Liability has 14,126 shares for 0.03% of their US portfolio. Clearbridge Investments Ltd Co holds 0.11% of its portfolio in Regions Financial Corp (NYSE:RF) for 10.54M shares. Schulhoff And Company last reported 0.08% of its portfolio in the stock. Envestnet Asset holds 0% of its portfolio in Regions Financial Corp (NYSE:RF) for 95,448 shares. Endeavour Cap Advisors has 3.82M shares for 2.43% of their US portfolio. Synovus last reported 140,766 shares in the company. The Rhode Island-based Amica Pension Fund Board Of Trustees has invested 0.05% in Regions Financial Corp (NYSE:RF).
Regions Financial Corporation is a financial holding company. The company has a market cap of $16.52 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 15.47 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.
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 important recent Regions Financial Corp (NYSE:RF) news were published by: Businesswire.com which released: “Samuel A. Di Piazza Jr. and James T. Prokopanko Appointed to the Regions …” on November 08, 2016, also Businesswire.com published article titled: “Regions Financial Scheduled to Participate in the Bank of America Merrill …”, Moodys.com published: “Moody’s Upgrades Regions Financial Corporation (Baa2 Senior Unsecured)” on November 02, 2016. More interesting news about Regions Financial Corp (NYSE:RF) was released by: Streetinsider.com and their article: “Form 8-K REGIONS FINANCIAL CORP For: Nov 15” with publication date: November 15, 2016.