Ownership Action Don’t Lie: Regions Financial Corp (NYSE:RF) Institutional Investor Positioning

November 25, 2016 - By Louis Casey   ·   0 Comments

Ownership Action Don't Lie: Regions Financial Corp (NYSE:RF) Institutional Investor Positioning

Sentiment for Regions Financial Corp (NYSE:RF)

Regions Financial Corp (NYSE:RF) institutional sentiment decreased to 0.78 in Q2 2016. Its down -0.16, from 0.94 in 2016Q1. The ratio worsened, as 226 hedge funds opened new or increased holdings, while 241 sold and decreased stock positions in Regions Financial Corp. The hedge funds in our partner’s database now own: 913.54 million shares, down from 933.80 million shares in 2016Q1. Also, the number of hedge funds holding Regions Financial Corp in their top 10 holdings increased from 5 to 6 for an increase of 1. Sold All: 33 Reduced: 208 Increased: 170 New Position: 56.

Regions Financial Corporation is a financial holding company. The company has a market cap of $16.63 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 15.7 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.

The stock increased 0.45% or $0.06 during the last trading session, hitting $13.36. About 7.29M shares traded hands. Regions Financial Corp (NYSE:RF) has risen 42.40% since April 22, 2016 and is uptrending. It has outperformed by 36.99% 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 $273.85 million for 15.18 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.

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.”

Basswood Capital Management L.L.C. holds 5.88% of its portfolio in Regions Financial Corp for 11.94 million shares. Elizabeth Park Capital Advisors Ltd. owns 1.61 million shares or 5.83% of their US portfolio. Moreover, Taylor Asset Management Inc has 5.34% invested in the company for 2.20 million shares. The Pennsylvania-based Schneider Capital Management Corp has invested 4.82% in the stock. Forest Hill Capital Llc, a Arkansas-based fund reported 3.83 million shares.#img1#

Regions Financial Corp (NYSE:RF) Ratings Coverage

Ratings analysis reveals 39% of Regions Financial Corp’s analysts are positive. Out of 23 Wall Street analysts rating Regions Financial Corp, 9 give it “Buy”, 3 “Sell” rating, while 11 recommend “Hold”. The lowest target is $9 while the high is $15. The stock’s average target of $11.02 is -17.51% below today’s ($13.36) share price. RF was included in 51 notes of analysts from August 12, 2015. Keefe Bruyette & Woods upgraded the shares of RF in a report on Monday, June 6 to “Market Perform” rating. As per Monday, November 9, the company rating was downgraded by Deutsche Bank. The firm earned “Market Perform” rating on Monday, June 6 by Wood. FBR Capital upgraded Regions Financial Corp (NYSE:RF) on Monday, November 14 to “Outperform” rating. The rating was upgraded by Guggenheim to “Buy” on Friday, August 28. On Wednesday, August 12 the stock rating was maintained by Deutsche Bank with “Buy”. Morgan Stanley downgraded Regions Financial Corp (NYSE:RF) rating on Thursday, February 11. Morgan Stanley has “Equal-Weight” rating and $9 price target. On Wednesday, June 29 the stock rating was downgraded by Bank of America to “Neutral”. Susquehanna initiated the shares of RF in a report on Friday, November 6 with “Positive” rating. Compass Point maintained the stock with “Buy” rating in Tuesday, January 19 report.

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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By Louis Casey

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