What’s Regions Financial Corp Upside After Today’s Bullish Options Activity?

 What's Regions Financial Corp Upside After Today's Bullish Options Activity?

In today’s session Regions Financial Corp (RF) registered an unusually high (2,916) contracts volume of call trades. Someone, most probably a professional was a very active buyer of the May, 2017 call, expecting serious RF increase. With 2,916 contracts traded and 1424 open interest for the May, 17 contract, it seems this is a quite bullish bet. The option with symbol: RF170519C00014000 closed last at: $0.84 or 12% up. About 1.47 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 EPS, up 4.76% or $0.01 from last year’s $0.21 per share. RF’s profit will be $272.08 million for 14.98 P/E if the $0.22 EPS becomes a reality. After $0.24 actual EPS reported by Regions Financial Corp for the previous quarter, Wall Street now forecasts -8.33% negative EPS growth.

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. As per Thursday, August 20, the company rating was initiated by Sterne Agee CRT. On Monday, November 14 the stock rating was upgraded by FBR Capital to “Outperform”. The firm earned “Equal-Weight” rating on Thursday, February 11 by Morgan Stanley. The stock of Regions Financial Corp (NYSE:RF) earned “Outperform” rating by FBR Capital on Tuesday, April 19. Guggenheim initiated the stock with “Buy” rating in Thursday, October 8 report. The rating was upgraded by Sandler O’Neill to “Buy” on Wednesday, September 30. Wedbush initiated the stock with “Outperform” rating in Friday, October 7 report. The rating was downgraded by PiperJaffray on Wednesday, November 16 to “Neutral”. The rating was initiated by Piper Jaffray with “Neutral” on Tuesday, November 24. Bruyette & Woods;KBW; KBW” upgraded Regions Financial Corp (NYSE:RF) on Tuesday, August 25 to “Underperform” rating.

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 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.
Moreover, Allianz Asset Management Ag has 0.01% invested in Regions Financial Corp (NYSE:RF) for 1.22M shares. Arizona State Retirement Systems has invested 0.04% of its portfolio in Regions Financial Corp (NYSE:RF). Moreover, Prtn Capital Mngmt Lc has 0.03% invested in Regions Financial Corp (NYSE:RF) for 14,126 shares. Capital Guardian Trust has 0% invested in the company for 22,143 shares. Sentinel Trust Com Lba accumulated 10,267 shares or 0.01% of the stock. Citigroup holds 0.01% or 1.61 million shares in its portfolio. Bnp Paribas Arbitrage Sa holds 213,714 shares or 0.01% of its portfolio. Next Group Incorporated has 0.01% invested in the company for 2,177 shares. C M Bidwell And Associates Limited last reported 0.71% of its portfolio in the stock. Monetary Grp Inc holds 0% of its portfolio in Regions Financial Corp (NYSE:RF) for 486 shares. The Washington-based Fisher Asset Mgmt Ltd Limited Liability Company has invested 0.02% in Regions Financial Corp (NYSE:RF). Euclid Advsrs Limited Liability Company last reported 8,730 shares in the company. Livforsakringsbolaget Skandia Omsesidigt, a Sweden-based fund reported 147,062 shares. Toronto Dominion State Bank holds 0% of its portfolio in Regions Financial Corp (NYSE:RF) for 7,080 shares. Atlantic Trust Gp Ltd Liability Com holds 0% of its portfolio in Regions Financial Corp (NYSE:RF) for 66,788 shares.

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.

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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