Shares of Regions Financial Corporation (NYSE:RF) Sees Large Inflow of Net Money Flow

Regions Financial Corporation (NYSE:RF) had a weak trading session and its shares were last down at $9.36, down -0.16% or -1.68 points. The trading data also revealed that the total net flow stood at $7.81 million as the shares had $26.78 million in upticks but lost $18.97 million in downticks. The up/down ratio was 1.41. This data is particularly important for the traders and speculators alike as it could also be used to gauge the strength of the momentum in the shares. During the past week, the shares have seen a change of -3.8% in the shares.The block trade data suggests an inflow of $16.99 million in upticks and an outflow of $7.25 million in downticks. The up/down ratio for the block stood at 2.34. The net money flow for this transaction was recorded at $9.74.


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%. On the companys insider trading activities, According to the information disclosed by the Securities and Exchange Commission in a Form 4 filing, the officer (SEVP) of Regions Financial Corp, Jones Ellen S. had sold 20,000 shares worth of $192,200 in a transaction dated May 24, 2016. In this transaction, 20,000 shares were sold at $9.61 per share.

Regions Financial Corporation (NYSE:RF) stock ended Monday session in the red zone in a volatile trading. The stock closed down 0.16 points or 1.68% at $9.36 with 17,879,719 shares getting traded. Post opening the session at $9.46, the shares hit an intraday low of $9.36 and an intraday high of $9.57 and the price was in this range throughout the day. The company has a market cap of $11,856 million and the number of outstanding shares have been calculated to be 1,266,713,120 shares. The 52-week high of Regions Financial Corporation (NYSE:RF) is $10.865 and the 52-week low is $7.

Many analysts have stated their opinion on the company shares. Keefe Bruyette & Woods upgrades its view on Regions Financial Corporation (NYSE:RF) according to the research report released by the firm to its investors. The shares have now been rated Market Perform by the stock experts at the ratings house. Earlier, the shares had a rating of Underperform. Keefe Bruyette & Woods raises the price target from $9.5 per share to $11 per share on Regions Financial Corporation. The rating by the firm was issued on June 6, 2016.

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.

Leave a Reply

Get Pre-Market Alerts!

Get Pre-Market Analysts' Upgrades, Downgrades, Earnings & Initiations with our FREE daily email newsletter.