The stock of Regions Financial Corporation (NYSE:RF) increased by $0.23 on Monday to finish at $18.77, up 1.24 percent. The last five days have seen an average of 6,416,520 shares of common stock traded. 12 times new highs were reached in the current year, with a fall of -$2.79. The average number of shares traded over the last 20 days was 6,444,140, while the average volume over the last 50 days totaled 7,038,618.
RF stock dropped -7.31% since last month. On 08/23/23, the company’s shares reached a one-month low of $18.18. The stock touched a high of $24.33 on 02/02/23, after rallying from a low of $13.94 in 52 weeks. The price of RF stock has declined by -12.94% or -$2.79 this year, reaching a new high 12 times. Still, the stock price is down -22.85% from the 52-week high.
Insider Transactions
RF stock investors should be aware that Regions Financial Corporation (RF) stock had its last reported insider trading activity 22 days ago on Aug 07. On Aug 07, SEVP Smith Ronald G. sold 10,000 shares at $20.93 each. This transaction resulted in the insider making $209,300. On May 17, Hill J Thomas added 11,926 shares at a price of US$16.78. After the transaction, the insider now owns 23,107 shares. SEVP Ritter William D. had earlier sold 13,000 shares on Jan 27 for $23.42 a share. The transaction was completed for $304,456.
Valuation Metrics
Regions Financial Corporation (RF) has a trailing price-to-earnings (P/E) ratio of 8.00. Beta for the stock is 1.21. There are also a few other valuation ratios worth considering, including the trailing price-to-sales (P/S) ratio of 2.84, the price-to-book (PB) ratio of 1.18, and the price-to-cash flow ratio of 9.02.
Company paid $0.24 per share in dividends, an increase of 20.0% from $0.20 last year.
Financial Health
The company’s long-term debt to equity ratio for the quarter ending June 29 is 0.29, and the total debt to equity ratio is 0.29. Regions Financial Corporation’s operating margin stood at 79.10% for the same period. Based on annual data, it had gross profit of $4.79 billion and revenue of $5.1 billion.
Investors will also look at the performance of the company’s management in order to determine the potential profitability of their investment. RF’s return on assets (ROA) during the last 12 months has been 1.40%. There was a 23.40% return on investment (ROI) in the past year. In the meantime, the return on equity (ROE) for the last 12 months was 15.20%.
Earnings Surprise
According to Regions Financial Corporation’s quarterly financial report for the quarter that ended June 29. A higher net income was reported in the quarter under review than the previous quarter. It was predicted that Regions Financial Corporation’s quarterly earnings would be $0.59, but it ended up being $0.59. At the end of Regions Financial Corporation’s most recent quarter ended June 29, its total debt was $11.65 billion. Equity owned by shareholders amounts to $938.38 million.
Technical Picture
Here’s a quick look at Regions Financial Corporation’s (RF) price momentum from a technical perspective. As of 28 August, the RSI 9-day stood at 35.50%, suggesting the stock is Neutral, with a 30.23% historical volatility rate.
The stochastic %K and %D were 18.52% and 17.28% respectively, while the average true range (ATR) was 0.48. Based on the 14-day stochastic reading of 21.77%, the RSI (14) reading is 39.94%. On the 9-day MACD Oscillator, the stock is at -0.34, and the 14-day reading is at -0.83.
Analyst Ratings
Regions Financial Corporation (NYSE: RF) was downgraded by Truist to a a Hold rating in its latest research report. The stock was previously rated as a a Buy. Analysts have assigned Regions Financial Corporation (RF) an Overweight rating. RF is a stock that is recommended for selling by 0 brokerage firms, while 14 companies recommend holding. The stock is underweighted by 0 analysts. Among the analysts who rate the stock, 1 rate it overweight and 14 others recommend it as a buy.
What is RF’s price target for the next 12 months?
The current consensus forecast for the stock is between $19.00 and $26.00, with a median target price of $22.00. In analyzing these forecasts, the average price target given by analysts for Regions Financial Corporation (RF) is $22.08.
