Regions Financial Corporation (RF) Upgraded to "Buy" at SunTrust Banks, Inc

Regions Financial Corp

Presently, it has a Return on Equity (ROE) of 6.70% and Return on Investment (ROI) of 11.10%.

E*TRADE Financial Corp Last issued its quarterly earnings results on Jan 26, 2017. The company reported the earnings of $0.23/Share in the last quarter where the estimated EPS by analysts was $0.23/share.

Regions Financial Corporation's (RF) stock price distance from twenty day simple moving average surged at 7.10% while its distance from fifty day simple moving average raised 7.74% along with 41.59% above distance from two hundred simple moving averages.

Relative strength index (RSI-14) for Regions Financial Corporation's (RF) is at 69.43. During the same quarter in the previous year, the company posted $0.30 EPS.

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The mean revenue estimate for the current fiscal period ending December 2016 is $2.46B by 15 brokerage firms.

Several other large investors have also recently made changes to their positions in the company. Analysts covering the shares have a consensus short-term price target of $20.79 on the equity. Jefferies Group LLC downgraded Regions Financial Corporation from a buy rating to a hold rating and increased their target price for the stock from $11.50 to $14.00 in a report on Monday, November 28th.

Many Analysts provided their foresight on Revenue Estimates of Manulife Financial Corporation where they believe that the company has the potential to earn average revenue of $12.98 Billion for the current quarter. Wedbush started coverage on shares of Regions Financial a report on Thursday, October 6th. Lusco C. Matthew sold 43,000 shares in the company at $14.52 each and collected $624,000 in proceeds. One analyst has rated the stock with a sell rating, seventeen have assigned a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company.

Yesterday Regions Financial Corp (NYSE:RF) traded 0.45% higher at $15.56.

Manulife Financial Corporation (NYSE:MFC) traded with the volume of 2.76 Million in the previous trading session. The company has a 1 Year high price target of $15.25. The firm has a 50-day moving average price of $18.67 and a 200 day moving average price of $15.99.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 31st. Shareholders of record on Friday, March 10th will be given a $0.065 dividend. The ex-dividend date is Wednesday, March 8th. This represents a $0.26 dividend on an annualized basis and a yield of 1.67%.

In other news, EVP Brett D. Couch sold 65,848 shares of the business's stock in a transaction dated Thursday, January 26th. The shares were sold at an average price of $13.17, for a total value of $158,040.00. 3 Brokerage Firms have advised hold. Also, EVP William E. Horton sold 12,000 shares of the business's stock in a transaction dated Monday, November 21st. The stock was trading on below-average volume. The mean forecast was for $1.39 billion and $0.23 a share, respectively. The disclosure for this sale can be found here.

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Finally, Dorsey & Whitney Trust CO LLC raised its stake in shares of Regions Financial Corporation by 0.4% in the third quarter. The Stock now has a Weekly Volatility of 2.34% and Monthly Volatility of 2.19%. MCF Advisors LLC increased its stake in Regions Financial 0.6% in the second quarter. The companys revenue was up 15.9% compared to the same quarter a year ago. Pitcairn Co. now owns 22,421 shares of the company's stock worth $191,000 after buying an additional 90 shares during the last quarter.

"Regions Financial Corporation (RF) Lifted to "Buy" at SunTrust Banks, Inc." was first published by BBNS and is owned by of BBNS.



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