Regions Financial Corp. (NYSE:RF) saw an upside of 1.41% to close Monday at $17.30 after adding $0.24 on the day. The 5-day average trading volume is 7,659,520 shares of the company’s common stock. It has gained $18.23 in the past week and touched a new high 2 times within the past 5 days. An average of 7,664,265 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 7,179,362.
RF’s 1-month performance is -7.83% or -$1.24 on its low of $16.94 reached on 09/25/23. 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 -19.76% or -$4.26 and has reached a new high 12 times. However, the current price is down -28.89% from the 52-week high price.
Insider Transactions
RF stock investors last saw insider trading activity on Aug 07.Smith Ronald G. (SEVP) most recently sold 10,000 shares at $20.93 per share on Aug 07. This transaction cost the insider $209,300. SEVP, Ritter William D., sold 13,000 shares at a price of $23.42 on Jan 27. Then, on Jan 25, SEVP & CRO Lusco C. Matthew sold 100,000 shares at a price of $22.83 per share. This transaction amounted to $2,282,760.
Valuation Metrics
RF stock has a beta of 1.22. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 1.91 while the price-to-book (PB) in the most recent quarter is 1.08, with the price to cash flow ratio at 7.55.
As well, the company’s long term debt to equity for the quarter ending June 29 was 0.26, while the total debt to equity was 0.44. 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 $938.38 million.
Let’s look briefly at Regions Financial Corp. (RF) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 25 September was 32.27% to suggest the stock is trending Neutral, with historical volatility in this time period at 19.39%.
The stock’s 5-day moving average is $17.51, reflecting a -2.81% or -$0.50 change from its current price. RF is currently trading -6.69% above its 20-day SMA, +3.90% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by -8.71% and SMA200 by-19.91%.
Stochastic %K and %D was 14.83% and 16.93% and the average true range (ATR) pointed at 0.42. The RSI (14) points at 33.96%, while the 14-day stochastic is at 24.57% with the period’s ATR at 0.43. The stock’s 9-day MACD Oscillator is pointing at -0.42 and -0.53 on the 14-day charts.
Analyst Ratings
In the most recent analyst report for Regions Financial Corp. (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 13 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 Corp. (RF) stock is $21.96.
