Regions Financial Corp (RF) is Downgraded by Jefferies to Hold

Regions Financial Corp (RF) was Downgraded by Jefferies to ” Hold”. Earlier the firm had a rating of “Buy ” on the company shares. Jefferies advised their investors in a research report released on Nov 28, 2016.

Many Wall Street Analysts have commented on Regions Financial Corp. Regions Financial Corp was Downgraded by Piper Jaffray to ” Neutral” on Nov 16, 2016. Company shares were Upgraded by FBR & Co. on Nov 14, 2016 to ” Outperform”, Firm has raised the Price Target to $ 15 from a previous price target of $10.50 .FBR & Co. Downgraded Regions Financial Corp on Oct 11, 2016 to ” Mkt Perform”, Price Target of the shares are set at $10.50.

On the company’s financial health, Regions Financial Corp reported $0.24 EPS for the quarter, beating the analyst consensus estimate by $ 0.03 according to the earnings call on Oct 18, 2016. Analyst had a consensus of $0.21. The company had revenue of $1400.00 million for the quarter, compared to analysts expectations of $1386.14 million. The company’s revenue was up .8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.19 EPS.

Regions Financial Corp opened for trading at $13.36 and hit $13.425 on the upside on Friday, eventually ending the session at $13.36, with a gain of 0.45% or 0.06 points. The heightened volatility saw the trading volume jump to 73,01,040 shares. Company has a market cap of $16,446 M.

Investors should note that on Oct 13, 2016, Regions Financial Corp announced a cash dividend of $0.0650. The company’s management has announced Dec 7, 2016 as the ex-dividend date and fixed the record date on Dec 9, 2016. The payable date has been fixed on Jan 3, 2017.

In a different news, on Nov 22, 2016, William E Horton (SEVP) sold 12,000 shares at $13.17 per share price. According to the SEC, on Nov 22, 2016, Ronald G. Smith (SEVP) sold 46,304 shares at $13.14 per share price. On Nov 18, 2016, Scott M. Peters (SEVP) sold 44,485 shares at $13.25 per share price, according to the Form-4 filing with the securities and exchange commission.

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 Company’s commercial banking functions including commercial and industrial commercial real estate and investor real estate lending. The Consumer Bank segment represents the Company’s 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.

Regions Financial Corp

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