Economy

Brokers Issue Forecasts for Regions Financial Corporation's Q3 2017 Earnings (RF)

Brokers Issue Forecasts for Regions Financial Corporation's Q3 2017 Earnings (RF)”

Westpac Banking boosted its holdings in E*TRADE Financial Corporation by 11,248.8% during the Q1.

Other hedge funds and other institutional investors have also made changes to their positions in the company.

07/21/2017 - E*TRADE Financial Corporation had its "buy" rating reiterated by analysts at Deutsche Bank. Bank of Nova Scotia now owns 614,202 shares of the financial services provider's stock valued at $21,430,000 after acquiring an additional 256,788 shares in the last quarter. Lbmc Investment Advisors LLC now owns 31,904 shares of the bank's stock valued at $467,000 after purchasing an additional 109 shares in the last quarter. Advisor Partners LLC lifted its holdings in Regions Financial Corporation by 0.3% in the 2nd quarter. JPMorgan Chase & Co. lifted its position in Regions Financial Corporation by 12.3% during the 1st quarter. Advisor Partners LLC now owns 20,041 shares of the bank's stock valued at $293,000 after purchasing an additional 59 shares in the last quarter. Wedbush initiated the shares of RF in report on Friday, October 7 with "Outperform" rating. Bank of America Corporation restated a "buy" rating and issued a $17.00 target price on shares of Regions Financial Corporation in a report on Wednesday, July 26th. Morgan Stanley reiterated an "equal weight" recommendation and fixed a $40.00 target price (up prior from $38.00) on stocks of E*TRADE Financial Corporation in a note on Mon, Jul 10th. E*TRADE Financial Corporation now has an average rating of "Buy" and a consensus target price of $41.61.

Regions Financial Corporation (NYSE:RF) last announced its quarterly earnings data on Friday, July 21st. Finally, Robert W. Baird restated an "outperform" rating and issued a $49.00 price target (up from $43.00) on shares of E*TRADE Financial Corporation in a research note on Saturday, July 22nd. One equities research analyst has rated the stock with a sell rating, eighteen have assigned a hold rating, five have given a buy rating and one has given a strong buy rating to the company. The company has a consensus rating of "Hold" and a consensus price target of $14.63.

In related news, EVP Barbara Godin sold 35,000 shares of Regions Financial Corporation stock in a transaction that occurred on Tuesday, January 24th.

The most recent open market insider trade was Sell of 65,000 shares on a day where the closing price was 14.95. Following the completion of the transaction, the director now owns 40,792 shares in the company, valued at approximately $1,712,040.24. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

In other E*TRADE Financial Corporation news, Chief Executive Officer Karl A. Roessner unloaded 14,898 stocks of the shares in a trade on early Fri, Aug 18th. They now have a Dollars 41 price target on the stock. Following the transaction, the insider now directly owns 31,557 shares of the company's stock, valued at approximately $1,309,615.50. The disclosure for this sale can be found here. Insiders sold a total of 124,514 shares of company stock worth $1,846,733 over the last three months. The stock increased 1.33% or $0.18 during the last trading session, reaching $13.7.

Let's have a look at some of the important valuation ratios of the Regions Financial Corporation (RF). If you are reading this report on another publication, it was stolen and republished in violation of US & global copyright and trademark legislation.

Shares of Regions Financial Corporation (NYSE RF) opened at 13.74 on Thursday.

Short traders are feeling a little more bullish on Regions Financial Corporation lately as evidenced by the motion in short interest. The firm has a 50-day moving average price of $14.41 and a 200 day moving average price of $11.75. The company has market cap of $11.06 billion. New York-based Gideon Cap Advsr has invested 0.33% in E*TRADE Financial Corp (NASDAQ:ETFC). As of the last earnings report the EPS was $0.96 and is projected to be $1.00 for the current year with 1,195,080,000 shares now outstanding.

18 number of analysts have estimated the sales of the company for the quarter ending Oct 16, 2017- Oct 20, 2017, analysts estimated mean sale target of 1451.77 million while high and low sale targets are estimated at 1482.08 million and 1420 million respectively. FBR Capital maintained Regions Financial Corp (NYSE:RF) on Wednesday, December 7 with "Outperform" rating. The firm's revenue was up 2.0% on a year-over-year basis. Next quarter's EPS is expected be $0.26 and the next full year EPS is anticipated to be $1.13.

10/22/2016 - E*TRADE Financial Corporation had its "buy" rating reiterated by analysts at Buckingham Research. Northwestern Mutual Investment Management Company, LLC expanded its stake by buying 32,211 shares an increase of 13.2% from 03/31/2017 to 06/30/2017. Edwards & Company Inc. lifted its holdings in Regions Financial Corporation by 0.3% in the 1st quarter. The Company provides online brokerage and related products and services primarily to individual retail investors under the brand E*TRADE Financial. The Company also provides investor-focused banking products, primarily sweep deposits, to retail investors.

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