Banking Stocks Under Review -- Regions Financial, BB&T, EverBank Financial, and First Horizon National
NEW YORK, October 10, 2016 /PRNewswire/ --
Stock-Callers.com has initiated coverage on the following Regional Southeast Banks: Regions Financial Corp. (NYSE: RF), BB&T Corp. (NYSE: BBT), EverBank Financial Corp. (NYSE: EVER), and First Horizon National Corp. (NYSE: FHN). These equities belong to the Financials sector which was mixed in afternoon trading on Friday, October 07, 2016. As per an article on the NASDAQ, the NYSE Financial Sector Index declined about 0.1%, while financial companies in the S&P 500 Index rose about 0.1% in late trade. Learn more about these stocks by downloading their free research reports in PDF format at:
http://stock-callers.com/registration
Regions Financial
Last Friday at the close, shares in Birmingham, Alabama headquartered Regions Financial Corp. ended 0.10% higher at $10.33. The stock recorded a trading volume of 15.14 million shares. The Company's shares have advanced 4.03% in the last one month, 21.33% in the previous three months, and 9.86% on an YTD basis. The stock is trading above its 50-day and 200-day moving averages by 7.57% and 17.54%, respectively. Furthermore, shares of Regions Financial, which together with its subsidiaries, provides banking and bank-related services to individual and corporate customers in the US, have a Relative Strength Index (RSI) of 69.70.
On September 14th, 2016, Regions Bank, a subsidiary of Regions Financial, together with Fundation Group LLC, a digitally-enabled small business lender, and TruFund, a Community Development Financial Institution jointly announced a first-of-its-kind agreement to provide small dollar loans to underserved small businesses. Through this unique and collaborative agreement, underserved small businesses that may not be eligible for traditional bank loans will have the opportunity to apply for small dollar loans for working capital and expansion activities.
On October 7th, 2016, research firm Wedbush initiated an 'Outperform' rating on the Company's stock, issuing a target price of $12 per share. Sign up and read the free research report on RF at:
http://stock-callers.com/registration/?symbol=RF
BB&T
Winston-Salem, North Carolina headquartered BB&T Corp.'s stock finished Friday's session 0.18% lower at $38.89 with a total trading volume of 3.70 million shares. The Company's shares have advanced 1.73% in the last one month, 10.80% over the previous three months, and 5.43% since the start of this year. The stock is trading above its 50-day and 200-day moving averages by 3.09% and 11.31%, respectively. Additionally, shares of BB&T, which operates as a financial holding company that provides various banking and trust services for retail and commercial clients, have an RSI of 61.39.
On 29th, September, 2016, BB&T announced it has reached an agreement with the United States Department of Justice (DOJ) that settles certain legacy mortgage matters involving the origination of mortgage loans insured by the US Department of Housing and Urban Development's Federal Housing Administration. The inquiry was settled for $83 million without any admission of liability to avoid the cost and uncertainty of potential litigation. The settlement will have no negative effect on BB&T's financial condition or results of operations as a result of previous accruals totaling $85 million. The complimentary research report on BBT can be downloaded at:
http://stock-callers.com/registration/?symbol=BBT
EverBank Financial
Shares in Jacksonville, Florida headquartered EverBank Financial Corp. ended the session 0.05% lower at $19.28 and with a total trading volume of 810,653 shares. The stock has gained 0.36% in the past month, 25.91% in the previous three months, and 22.09% on an YTD basis. The Company's shares are trading above their 50-day and 200-day moving averages by 1.14% and 23.09%, respectively. Moreover, shares of EverBank Financial, which provides various financial products and services to individuals and small and mid-size businesses in the US, have an RSI of 53.71. Register for free on Stock-Callers.com and access the latest report on EVER at:
http://stock-callers.com/registration/?symbol=EVER
First Horizon National
Memphis, Tennessee headquartered First Horizon National Corp.'s stock recorded a trading volume of 1.81 million shares, and closed the day 0.06% lower at $15.63. The Company's shares have gained 2.96% in the past month, 12.32% over the previous three months, and 9.27% on an YTD basis. The stock is trading 3.98% above its 50-day moving average and 13.51% above its 200-day moving average. Additionally, shares of First Horizon National, which operates as the bank holding company for First Tennessee Bank National Association that provides various financial services in the US and internationally, have an RSI of 61.51.
On September 26th, 2016, research firm Hovde Group downgraded the Company's stock rating from 'Outperform' to 'Market Perform', issuing a target price of $16.50 per share.
On October 5th, 2016, First Horizon National announced that it will releases its Q3 2016 financial results prior to the market opening on October 14th, 2016 followed by a conference call at 8:30 a.m. Central Time where management will review earnings and performance trends. Get free access to your research report on FHN at:
http://stock-callers.com/registration/?symbol=FHN
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