Five Financial Stocks Under $10 Poised To Explode

1. Regions Financial Corp (NYSE:RF)

Investors with Long Positions (as of June 30): 44

Aggregate Value of Investors’ Holdings (as of June 30): $973.73 Million

During the second quarter, Regions Financial gained slightly greater traction among professional money managers. Although Regions Financial Corp (NYSE:RF)’s stock price has fallen by more than 15% year-to-date, the $12.06 billion company has sizable future prospects, the evidence of which can be found in the insider purchase by CFO David Turner earlier this year to the tune of 65,000 shares. Moreover, Raymond James upgraded the stock to ‘Strong Buy’ from ‘Outperform’ at the end of August. Regions Financial is also on Goldman Sach’s top ten list of stocks poised for high dividend increases for the 2015-2016 fiscal years, with an expected dividend growth of 17%. Regions Financial Corp (NYSE:RF)’s current dividend yield stands at 2.69% and the company has a payout ratio of 29%. Richard S. Pzena‘s Pzena Asset Management increased its holding in Regions Financial by 40% during the second quarter to a whopping 17.06 million shares.

Disclosure: None