This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

5 Bank Stock Winners for the First Quarter (Update 1)

2. Regions Financial
Shares of Regions Financial (RF - Get Report) of Birmingham, Ala., closed at $6.59 Friday, returning 54% year-to-date, after a 38% decline last year.

Content on this page requires a newer version of Adobe Flash Player.

Get Adobe Flash player

The shares trade for nine times the consensus 2013 EPS estimate of 75 cents.

The company owes $3.5 billion in TARP money, which it expects to repay in April.

Regions on March 19 commenced a $900 million common stock offering, and said that including the offering's net proceeds of $875 million, the money from its pending sale of Morgan Keegan to Raymond James Financial (RJF) sale and a full redemption of TARP preferred shares held by the U.S Treasury, that its Tier 1 common equity ratio its Tier 1 common equity ratio, based on fourth-quarter numbers, would be a strong 9.51%.

The company will report its first-quarter results on April 24, with a consensus EPS estimate of seven cents.

Deutsche Bank analyst Matt O'Connor rates Regions a "Buy," and on Friday raised his price target for shares by a dollar, to $7.50.

O'Connor's first-quarter outlook for Regions "reflects lower net interest income given lower earning assets (continued run-off of RF's investor real estate and home equity portfolios) and higher mortgage prepayments in the securities book. However, offsets to these net interest margin headwinds are opportunities lower funding costs, reduce excess cash levels and continued pricing discipline on loans."

Interested in more on Regions Financial? See TheStreet Ratings' report card for this stock.

5 of 6

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
BAC $15.66 0.13%
C $53.00 0.18%
JPM $62.72 0.19%
RF $9.61 0.31%
STI $40.75 0.69%


DOW 18,077.51 -2.63 -0.01%
S&P 500 2,114.27 -3.42 -0.16%
NASDAQ 5,070.4930 -21.5920 -0.42%

Partners Compare Online Brokers

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs