Regions Financial Corporation (RF) Makes An Interesting Case Right Now

Evercore ISI reaffirmed a "buy" rating and set a $10.00 target price (up previously from $9.00) on shares of Regions Financial Corp.in a research note on Friday, July 22nd.

Regions Financial Corp (RF)'s Williams Percent Range or 14 day Williams %R presently is at -33.72. The hedge fund run by Matthew Lindenbaum held 3.28 million shares of the major banks company at the end of 2017Q2, valued at $48.04 million, down from 3.54M at the end of the previous reported quarter.

Looking into last 5 trades, the stock observed a return of nearly -0.93%.

Analysts expect Regions Financial Corporation (RF) to generate earnings per share of $0.99 in 2017. Royal Bank Of Canada reiterated a "hold" rating and set a $15.00 price target on shares of Regions Financial Corporation in a research report on Friday, June 23rd. The stock has an average rating of "Hold" and a consensus price target of $14.95. Standard Life Investments LTD boosted its position in shares of Regions Financial Corp.by 0.8% in the second quarter. A reading above 70 indicates that a stock is overvalued, and a reading below 30 implies that it is undervalued.

Traders might be following the signals on shares of Regions Financial Corp (RF). Teachers Advisors LLC now owns 6,545,258 shares of the bank's stock valued at $95,103,000 after buying an additional 681,822 shares during the last quarter. The share price was last seen -1.2% lower, reaching at $14.78 on 10/17/2017. The average investment rating for RF on a scale of 1 to 5 (1 being a strong sell and 5 being a strong buy) is a 3.15 or a Hold. New York State Teachers Retirement System now owns 2,871,651 shares of the company's stock valued at $24,438,000 after buying an additional 194,415 shares in the last quarter. The value of the investment in RF went from $795,000 to $706,000 decreasing 11.2% since the last quarter. In looking the SMA 50 we see that the stock has seen a 3.91% while it has a distance of 3.65% from the 200 days simple moving average. Taking the time to properly examine a company before purchasing shares may be the difference between healthy profits and disappointing losses. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

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In other news, EVP Scott M. Peters sold 13,689 shares of the firm's stock in a transaction that occurred on Wednesday, July 26th. If you are viewing this story on another site, it was copied illegally and republished in violation of US and global trademark & copyright legislation. The average analysts gave this company a mean recommendation of 2.50. Akre Capital Management Llc bought 10,995 shares as the company's stock declined 4.23% while stock markets rallied. (NYSE:RF) traded up 0.83% on Tuesday, hitting $13.38. The firm had revenue of $1.42 billion during the quarter, compared to analysts' expectations of $1.43 billion. The return on assets stands at 0.9%, Return on Equity now is 7.3% and the Return on Investment value is 14.1%. The company maintains price to book ratio of 3.95. During the same period in the prior year, the business posted $0.20 EPS. The shares were sold at an average price of $14.61, for a total transaction of $199,996.29. Following the completion of the sale, the executive vice president now owns 109,318 shares of the company's stock, valued at approximately $1,594,949.62.

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, January 3rd.

Charles Akre increased its stake in Enstar Group Limited (ESGR) by 0.76% based on its latest 2017Q2 regulatory filing with the SEC. On average, equities research analysts anticipate that Regions Financial Corporation will post $1.00 earnings per share for the current year. Also, CFO David J. Turner, Jr. sold 65,000 shares of the firm's stock in a transaction dated Monday, August 7th. Shareholders of record on Friday, December 8th will be issued a dividend of $0.09 per share. This represents a $0.26 dividend on an annualized basis and a yield of 1.96%. The disclosure for this sale can be found here.

The next payable dividend for Regions Financial Corporation is scheduled for 1/2/2018. Wood upgraded Regions Financial Corp (NYSE:RF) on Monday, June 6 to "Market Perform" rating. This repurchase authorization authorizes the bank to repurchase up to 8.7% of its stock through open market purchases. Stock repurchase plans are typically a sign that the company's board believes its stock is undervalued.

Regions Financial Corporation is a financial holding company.

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