Regions Financial Corporation (RF): Today's Featured Banking Laggard
Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model
Regions Financial Corporation ( RF) pushed the Banking industry lower today making it today's featured Banking laggard. The industry as a whole closed the day down 0.2%. By the end of trading, Regions Financial Corporation fell $0.10 (-1.3%) to $7.73 on average volume. Throughout the day, 12,810,914 shares of Regions Financial Corporation exchanged hands as compared to its average daily volume of 15,614,900 shares. The stock ranged in price between $7.68-$7.86 after having opened the day at $7.86 as compared to the previous trading day's close of $7.83. Other companies within the Banking industry that declined today were: Village Bank and Trust Financial Corporatio ( VBFC), down 11.4%, First Advantage Bancorp ( FABK), down 11.1%, Stewardship Financial Corporation ( SSFN), down 8.7% and Jacksonville Bancorp ( JAXB), down 7.6%.
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Regions Financial Corporation, together with its subsidiaries, provides banking and bank-related services to individual and corporate customers in the United States. The company operates in three segments: Business Services, Consumer Services, and Wealth Management. Regions Financial Corporation has a market cap of $10.8 billion and is part of the financial sector. The company has a P/E ratio of 10.1, below the S&P 500 P/E ratio of 17.7. Shares are up 9.8% year to date as of the close of trading on Friday.
TheStreet Ratings rates Regions Financial Corporation as a buy. The company's strengths can be seen in multiple areas, such as its solid stock price performance, impressive record of earnings per share growth, compelling growth in net income, attractive valuation levels and expanding profit margins. Although the company may harbor some minor weaknesses, we feel they are unlikely to have a significant impact on results.
- You can view the full Regions Financial Corporation Ratings Report .
On the positive front, Central Federal ( CFBK), down 10.9%, National Bank of Greece ( NBG), down 10.4%, Credit Suisse ( DGAZ), down 8.9% and Glen Burnie Bancorp ( GLBZ), down 7.6% , were all gainers within the banking industry with Deutsche Bank ( DB) being today's featured banking industry leader.
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For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the banking industry could consider KBW Bank ETF ( KBE) while those bearish on the banking industry could consider ProShares Short KBW Regional Bankng ( KRS).