Regions Financial Corporation (NYSE:RF) saw a downside of -0.38% to close Tuesday at $20.90 after subtracting -$0.08 on the day. The 5-day average trading volume is 7,961,680 shares of the company’s common stock. It has gained $21.02 in the past week and touched a new high 4 times within the past 5 days. An average of 7,403,215 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 8,038,878.
RF’s 1-month performance is 13.22% or $2.57 on its low of $18.13 reached on 07/10/23. The company’s shares have touched a 52-week low of $13.94 and high of $24.33, with the stock’s rally to the 52-week high happening on 02/02/23. YTD, RF has lost -3.06% or -$0.66 and has reached a new high 12 times. However, the current price is down -14.10% from the 52-week high price.
Insider Transactions
RF stock investors last saw insider trading activity on May 17.Ritter William D. (SEVP) most recently sold 13,000 shares at $23.42 per share on Jan 27. This transaction cost the insider $304,456. SEVP & CRO, Lusco C. Matthew, sold 100,000 shares at a price of $22.83 on Jan 25.
Valuation Metrics
RF stock has a beta of 1.20. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 3.11 while the price-to-book (PB) in the most recent quarter is 1.28, with the price to cash flow ratio at 9.47.
As well, the company’s long term debt to equity for the quarter ending June 29 was 0.15, while the total debt to equity was 0.15. The firm’s gross profit as reported stood at $4.79 billion against revenue of $5.1 billion.
Earnings Surprise
For the quarterly period ending June 29 this year, Net income and sales went up compared to those figures reported in the previous quarter. Analysts expected RF to announce $0.59 per share in earnings in its latest quarter, but it posted $0.59, representing a 0.00% surprise. Shareholders hold equity totaling $938.31 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 August was 72.33% to suggest the stock is trending Overbought, with historical volatility in this time period at 14.90%.
The stock’s 5-day moving average is $20.65, reflecting a +2.70% or $0.55 change from its current price. RF is currently trading +11.70% above its 20-day SMA, +18.41% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by +20.25% and SMA200 byunch.
Stochastic %K and %D was 92.07% and 89.21% and the average true range (ATR) pointed at 0.51. The RSI (14) points at 69.15%, while the 14-day stochastic is at 92.75% with the period’s ATR at 0.51. The stock’s 9-day MACD Oscillator is pointing at 0.37 and 0.51 on the 14-day charts.
Analyst Ratings
In the most recent analyst report for Regions Financial Corporation (NYSE: RF), Truist downgraded it to a Hold 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.
What is RF’s price target for the next 12 months?
Analysts have a consensus price target ranging from a low of $19.00 and a high of $26.00, with their median price target at $22.00. Looking at these predictions, the average price target given by analysts is for Regions Financial Corporation (RF) stock is $22.06.
