Regions Financial Corporation (NYSE:RF) saw an upside of 1.19% to close Monday at $22.96 after adding $0.27 on the day. The 5-day average trading volume is 10,437,620 shares of the company’s common stock. It has gained $23.22 in the past week and touched a new high 3 times within the past 5 days. An average of 6,874,055 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 7,018,000.
RF’s 1-month performance is 10.86% or $1.74 on its low of $21.11 reached on 12/27/22. The company’s shares have touched a 52-week low of $18.01 and high of $25.57, with the stock’s rally to the 52-week high happening on 01/20/23. YTD, RF has achieved 6.49% or $1.40 and has reached a new high 7 times. However, the current price is down -10.21% from the 52-week high price.
RF stock has a beta of 1.22. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 4.45 while the price-to-book (PB) in the most recent quarter is 1.59, with the price to cash flow ratio at 8.61.
As well, the company’s long term debt to equity for the quarter ending December 30 was 0.17, while the total debt to equity was 0.17. The firm’s gross profit as reported stood at $3.91 billion against revenue of $4.08 billion.
For the quarterly period ending December 30 this year, Net income and sales went up compared to those figures reported in the previous quarter. Analysts expected RF to announce $0.65 per share in earnings in its latest quarter, but it posted $0.66, representing a 1.50% surprise. Shareholders hold equity totaling $934.45 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 23 January was 66.94% to suggest the stock is trending Neutral, with historical volatility in this time period at 28.51%.
The stock’s 5-day moving average is $22.32, reflecting a +2.36% or $0.53 change from its current price. RF is currently trading +9.13% above its 20-day SMA, +5.61% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by +0.57% and SMA200 by+7.69%.
Stochastic %K and %D was 67.61% and 60.92% and the average true range (ATR) pointed at 0.63. The RSI (14) points at 62.24%, while the 14-day stochastic is at 87.68% with the period’s ATR at 0.61. The stock’s 9-day MACD Oscillator is pointing at 0.16 and 0.30 on the 14-day charts.
In the most recent analyst report for Regions Financial Corporation (NYSE: RF), UBS downgraded it to a Neutral rating. They previously had a Buy rating on the stock. Analysts offering their rating for RF stock have a consensus rating for the stock as Overweight. Currently, 0 brokerage advisors rate RF as a “sell,”, while 14 advise that investors “Hold.” 0 analysts have rated the stock as underweight. 1 rates the stock as overweight while 14 have offered a “buy” rating.