Regions Financial Corporation (NYSE:RF) saw an upside of 0.93% on Monday to $22.23 after adding $0.21. The 5-day average trading volume is 5,232,925 shares of the company’s common stock. It has gained $22.37 in the past week. An average of 7,838,621 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 7,330,395.
RF’s 1-month performance is 12.00% or $2.86 on its low of $18.81 reached on 09/20/21. The company’s shares have touched a 52-week low of $12.10 and high of $23.81, with the stock’s rally to the 52-week high happening on 06/01/21. YTD, RF has achieved 36.60% or $6.24. However, the current price is down -6.66%% from the 52-week high price.
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On May 12, 152 days have gone by since the last insider trading activity for Regions Financial Corporation (RF). Lusco C. Matthew (SEVP & CRO) most recently sold 45,000 shares at $22.54 per share on May 12. This transaction cost the insider $1,014,300. SEVP, Keenan David R., sold 13,435 shares at a price of $21.12 on Apr 27. Then, on Apr 27, SEVP Ritter William D. sold 989 shares at a price of $20.96 per share. This transaction amounted to $20,734.
The company’s PE ratio for the last five years has touched a high of 21.77 and a low of 4.907. RF stock has a beta of 1.51. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 5.04 while the price-to-book (PB) in the most recent quarter is 1.27, with the price to cash flow ratio at 14.59.
Regions Financial Corporation pays an annual dividend of $0.68 per share. Its dividend yield is 3.05% and the payout ratio is 24.30%. RF’s most recent quarterly dividend payment was made on Oct. 1, when it paid $0.17 a share compared with prior rate of $0.1550, up 8.82% from last year’s. The company has boosted its dividend for the last 1 consecutive years with the latest dividend increase of $0.0150 reported on Wednesday July 21 2021. Measured over the last 3 years, the Dividend has been growing by 96.83% yearly.
It is projected that Regions Financial Corporation’s next ex-dividend date will be on 2-Dec-2021. RF is expected to distribute $0.17 as its next dividend.
As well, the company’s long term debt to equity for the quarter ending June 29 was 0.17, while the total debt to equity was 0.17. The firm’s gross profit as reported stood at $3.89 billion against revenue of $4.26 billion.
For the quarterly period ending June 29 this year, Net income and sales went down compared to those figures reported in the previous quarter. Analysts expected RF to announce $0.53 per share in earnings in its latest quarter, but it posted $0.77, representing a 45.30% surprise. RF stock balance sheet for the quarter ending June 29 shows that, with total debt at $4.12 billion. Shareholders hold equity totaling $954.54 million
Let’s look briefly at Regions Financial Corporation (RF) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 08 October was 74.40% to suggest the stock is trending Overbought, with historical volatility in this time period at 16.44%.
The stock’s 5-day moving average is $21.96, reflecting a +2.47% or $0.54 change from its current price. RF is currently trading +12.42% above its 20-day SMA, -1.37% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 and SMA200 by +16.16% and +40.28% respectively.
Stochastic %K and %D was 95.85% and 92.52% and the average true range (ATR) pointed at 0.49. The RSI (14) points at 69.02%, while the 14-day stochastic is at 99.67% with the period’s ATR at 0.51. The stock’s 9-day MACD Oscillator is pointing at 0.26 and 0.63 on the 14-day charts.
In the most recent analyst report for Regions Financial Corporation (NYSE: RF), Stephens downgraded it to an Equal-weight rating. They previously had an Overweight rating on the stock. Analysts offering their rating for RF stock have a consensus rating for the stock as Overweight. Currently, 2 brokerage advisors rate RF as a “sell,”, while 11 advise that investors “Hold.” 1 analysts have rated the stock as underweight. 1 rates the stock as overweight while 11 have offered a “buy” rating.
What is RF’s price target for the next 12 months?
Analysts have a consensus price target ranging from a low of $18.00 and a high of $26.00, with their median price target at $23.63. Looking at these predictions, the average price target given by analysts is for Regions Financial Corporation (RF) stock is $23.30.