Regions Financial Corp (NYSE:RF).
Basswood Capital Management, L.l.c. decreased its ownership in Regions Financial Corp stock by 268,572 shares as of the end of the last quarter. Its investment was valued at $45,889,000 a decrease of 4.5% according to the filing.
Several firms have updated their holdings. As of the end of the quarter Frontier Investment Mgmt Co had sold a total of 3,003 shares trimming its holdings by 2.8%. The value of the investment in (RF) went from $1,552,000 to $1,569,000 a change of 1.1% quarter over quarter. As of quarter end Tredje Ap-fonden had acquired 28,520 shares growing its stake by 26.0%. The value of the total investment in Regions Financial Corp increased from $1,615,000 to $2,108,000 increasing 30.5% since the last quarter.
Raymond James & Associates added to its position by buying 2,157 shares an increase of 0.2% from 06/30/2017 to 09/30/2017. Raymond James & Associates currently owns 1,407,907 shares with a value of $21,442,000. The value of the position overall is up by 4.2%.
Equity analyst J P Morgan Chase & Co raised the price target on November 1 changing the forecast from $15.50 to $16.00 with a “Neutral” recommendation. October 26 investment analysts at Nomura kept the stock rating at “Neutral” with a current price target of $17.00.
On October 25 FBR & Co made no change to the stock rating of “Hold” targeting a price of $16.00. October 25 investment analysts at Royal Bank Of Canada held the company rating at “Hold” projecting a price of $16.00.
October 9 investment analysts at Citigroup maintained a company rating of “Neutral” targeting a price of $16.00.
In the market the company is trading up by 1.08% percent from yesterday’s close. The company’s P/E ratio is 16.71 and market cap is 18.40B. As of the latest earnings report the EPS was $0.95 with 1.16B shares presently outstanding.
Investors are a little more bearish of late at least if you consider the increase in short interest. The company experienced a rise in short interest of 6.05% as of October 13, 2017 from the last reporting period. Short shares grew from 26,589,211 to 28,196,705 over that timeframe. Days to cover increased from 2.0 to 3.0 and the short interest percentage is 0.02% as of October 13.