Regions Financial Corporation (NYSE:RF) has tumbled 4.52% during the past week and has dropped 4.42% in the last 4 week period. The stocks are negative as compared to the S&P 500 for the past week with a loss of 3.37%. Regions Financial Corporation (NYSE:RF) has underperformed the index by 5.29% in the last 4 weeks. Investors should watch out for further signals and trade with caution.
Regions Financial Corporation (NYSE:RF): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $8.97 and $8.95 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $9.13. The buying momentum continued till the end and the stock did not give up its gains. It closed at $9.09, notching a gain of 1.34% for the day. The total traded volume was 20,699,005 . The stock had closed at $8.97 on the previous day.
The company shares have dropped -14.33% from its 1 Year high price. On Jul 23, 2015, the shares registered one year high at $10.87 and the one year low was seen on Feb 11, 2016. The 50-Day Moving Average price is $9.43 and the 200 Day Moving Average price is recorded at $8.74.
On the companys insider trading activities, The Securities and Exchange Commission has divulged that Jones Ellen S., officer (SEVP) of Regions Financial Corp, had unloaded 20,000 shares at an average price of $9.61 in a transaction dated on May 24, 2016. The total value of the transaction was worth $192,200.
Many analysts have stated their opinion on the company shares. Equity analysts at the Brokerage firm Keefe Bruyette & Woods upgrades its rating on Regions Financial Corporation (NYSE:RF). The rating major has initiated the coverage with market perform rating on the shares. Earlier, the shares were rated a Underperform by the brokerage firm. The Analysts at Keefe Bruyette & Woods raises the price target from $9.5 per share to $11 per share. The rating by the firm was issued on June 6, 2016. Currently the company Insiders own 0.88% of Regions Financial Corporation shares according to the proxy statements. In the past twelve weeks, the net percent change held by company insiders has changed by -23.56% . Institutional Investors own 74.02% of Regions Financial Corporation shares. During last six month period, the net percent change held by insiders has seen a change of -11.27%.
Regions Financial Corporation is a financial holding company. The Company conducts its banking operations through Regions Bank, an Alabama state-chartered commercial bank, which is a member of the Federal Reserve System. The Company carries out its business in three segments: Corporate Bank, Consumer Bank and Wealth Management. The Corporate Bank segment represents the Companys commercial banking functions, including commercial and industrial, commercial real estate and investor real estate lending. The Consumer Bank segment represents the Companys branch network, including consumer banking products and services related to residential first mortgages, home equity lines and loans and small business loans, among others. The Wealth Management segment offers individuals, businesses, Governmental institutions and non-profit entities a range of solutions to enable transfer of wealth.