As of Thursday close, Regions Financial Corporation’s (NYSE:RF) stock was down -$0.24, moving down -1.29 percent to $18.34. The average number of shares traded per day over the past five days has been 6,440,380 shares. 3 times new highs have been achieved over the past 5 days, with a -$0.43 fall in that time frame. In the last twenty days, the average volume was 6,454,450, while in the previous 50 days, it was 6,901,668.
Since last month, RF stock retreated -9.48%. Shares of the company fell to $18.18 on 08/23/23, the lowest level in the past month. A 52-week high of $24.33 was reached on 02/02/23 after having rallying from a 52-week low of $13.94. Since the beginning of this year, RF’s stock price has dropped by -14.94% or -$3.22, and marked a new high 12 times. However, the stock has declined by -24.62% since its 52-week high.
RF stock investors should be aware that Regions Financial Corporation (RF) stock had its last reported insider trading activity 25 days ago on Aug 07. Smith Ronald G., the SEVP of the company, disposed of 10,000 shares for $20.93 on Aug 07. It resulted in a $209,300 divestment by the insider. Hill J Thomas added 11,926 shares at an average price of $16.78 on May 17. The insider now owns 23,107 shares following the transaction. On Jan 27, SEVP Ritter William D. sold 13,000 shares at $23.42 apiece. The transaction was valued at $304,456.
Valuation Metrics
Right now, Regions Financial Corporation (RF) has a P/E ratio of about 7.81. The stock’s beta is 1.21. Besides these, the trailing price-to-sales (P/S) ratio of 2.78, the price-to-book (PB) ratio of 1.15, and the price-to-cash flow ratio of 8.82 may also be considered.
The latest dividend of $0.24 per share was paid out, which is 20.0% more than last year’s $0.20.
Financial Health
According to company report, the long-term debt-to-equity ratio for the quarter ending June 29 was 0.29, and the total debt-to-equity ratio was 0.29. In the year ended June 29, operating margins totaled 79.10%. Based on annual data, RF earned $4.79 billion in gross profit and brought in $5.1 billion in revenue.
A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was 23.40%. Return on equity (ROE) for the past 12 months was 15.20%.
In Regions Financial Corporation’s quarter-end financial report for June 29, it reported total debt of $4.29 billion. According to the earnings report, the company had a higher net income in the recent quarter than it did in the previous quarter. While analysts expected Regions Financial Corporation to report $0.59 quarterly earnings, the actual figure was $0.59 per share. The value of shareholders’ equity is $938.38 million.
Technical Picture
This quick technical analysis looks at Regions Financial Corporation’s (RF) price momentum. With a historical volatility rate of 30.35%, the RSI 9-day stood at 29.87% on 31 August.
With respect to its five-day moving average, the current Regions Financial Corporation price is down by -2.29% percent or -$0.43. At present, RF shares trade -10.54% below its 20-day simple moving average and -0.38% percent below its 100-day simple moving average. However, the stock is currently trading approximately +3.67% above its SMA50 and -21.66% below its SMA200.
Stochastic coefficient K was 15.88% and Stochastic coefficient D was 18.92%, while ATR was 0.44. Given the Stochastic reading of 7.02% for the 14-day period, the RSI (14) reading has been calculated as 35.63%. As of today, the MACD Oscillator reading stands at -0.12, while the 14-day reading stands at -0.48.
Analyst Ratings
Regions Financial Corporation downgraded its rating on Regions Financial Corporation (NYSE: RF) to a Hold in a note to investors on April 24, 2023. The analysts firm previously had a Buy rating on the stock.Regions Financial Corporation (RF) has been rated Overweight by analysts. According to 0 brokerage firms, RF is a sell, and 14 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 1 analyst rate Regions Financial Corporation stock as buy, with 14 recommending it as overweight.
With a median target price of $22.00, the current consensus forecast for the stock is $19.00 – $26.00. Based on these forecasts, analysts predict Regions Financial Corporation (RF) will achieve an average price target of $22.08.
