Short Interest in Regions Financial Corp Rises By 43.5% (RF)
Shares of Regions Financial Corp (NYSE:RF) saw a significant increase in short interest in June. As of June 13th, there was short interest totalling 18,002,768 shares, an increase of 43.5% from the May 30th total of 12,543,103 shares, ARN reports. Approximately 1.3% of the shares of the stock are short sold. Based on an average daily volume of 14,273,949 shares, the days-to-cover ratio is presently 1.3 days.
RF has been the subject of a number of recent research reports. Analysts at Citigroup Inc. initiated coverage on shares of Regions Financial Corp in a research note on Thursday. They set a “neutral” rating on the stock. Separately, analysts at Raymond James raised their price target on shares of Regions Financial Corp from $12.00 to $12.50 in a research note on Friday, June 27th. They now have a “strong-buy” rating on the stock. Finally, analysts at Zacks reiterated a “neutral” rating on shares of Regions Financial Corp in a research note on Thursday, June 12th. They now have a $11.00 price target on the stock. One research analyst has rated the stock with a sell rating, six have assigned a hold rating, fourteen have issued a buy rating and one has issued a strong buy rating to the company. Regions Financial Corp presently has an average rating of “Buy” and an average price target of $11.00.
Shares of Regions Financial Corp (NYSE:RF) opened at 10.87 on Monday. Regions Financial Corp has a 1-year low of $8.84 and a 1-year high of $11.54. The stock’s 50-day moving average is $10.47 and its 200-day moving average is $10.42. The company has a market cap of $14.990 billion and a P/E ratio of 14.13.
Regions Financial Corp (NYSE:RF) last issued its quarterly earnings data on Tuesday, April 22nd. The company reported $0.21 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.20 by $0.01. During the same quarter in the prior year, the company posted $0.23 earnings per share. On average, analysts predict that Regions Financial Corp will post $0.86 earnings per share for the current fiscal year.
Regions Financial Corporation (NYSE:RF) is a financial holding company.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.