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Is Regions Financial Corp. (RF) a good stock to buy now?

Regions Financial Corp. (NYSE: RF) is 5.06% higher on its value in year-to-date trading and has touched a low of $13.72 and a high of $21.08 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The RF stock was last observed hovering at around $20.56 in the last trading session, with the day’s loss setting it -0.2%.

Currently trading at $20.36, the stock is 3.42% and 7.26% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 6.92 million and changing -0.97% at the moment leaves the stock 12.34% off its SMA200. RF registered 11.07% gain for a year compared to 6-month gain of 18.37%.

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The stock witnessed a 9.52% loss in the last 1 month and extending the period to 3 months gives it a 5.06%, and is 2.06% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 2.13% over the week and 2.23% over the month.

Regions Financial Corp. (RF) has around 20101 employees, a market worth around $18.71B and $9.11B in sales. Current P/E ratio is 9.67 and Fwd P/E is 9.14. Profit margin for the company is 21.68%. Distance from 52-week low is 48.45% and -3.42% from its 52-week high. The company has generated returns on investments over the last 12 months (9.78%).

Regions Financial Corp. quarterly earnings per share for the current quarter are estimated at $0.45 with sales reaching $1.75B over the same period.The EPS is expected to shrink by -12.42% this year, but quarterly earnings will post -5.90% year-over-year. Quarterly sales are estimated to shrink -11.10% in year-over-year returns.

Regions Financial Corp. (RF) Top Institutional Holders

1,124 institutions hold shares in Regions Financial Corp. (RF), with institutional investors hold 81.89% of the company’s shares. The shares outstanding are 922.34M, and float is at 916.44M with Short Float at 3.89%. Institutions hold 81.69% of the Float.

The top institutional shareholder in the company is Vanguard Group Inc with over 111.6 million shares valued at $1.99 billion. The investor’s holdings represent 11.89% of the RF Shares outstanding. As of Jun 29, 2023, the second largest holder is Blackrock Inc. with 90.77 million shares valued at $1.62 billion to account for 9.67% of the shares outstanding. The other top investors are Wellington Management Group, LLP which holds 49.66 million shares representing 5.29% and valued at over $885.01 million, while State Street Corporation holds 5.23% of the shares totaling 49.04 million with a market value of $873.96 million.

Regions Financial Corp. (RF) Insider Activity

The most recent transaction is an insider sale by Lusco C. Matthew,the company’sSEVP & CRO. SEC filings show that Lusco C. Matthew sold 28,617 shares of the company’s common stock on Dec 08 ’23 at a price of $17.47 per share for a total of $0.5 million. Following the sale, the insider now owns 0.1 million shares.

Regions Financial Corp. disclosed in a document filed with the SEC on Aug 07 ’23 that Smith Ronald G. (SEVP) sold a total of 10,000 shares of the company’s common stock. The trade occurred on Aug 07 ’23 and was made at $20.93 per share for $0.21 million. Following the transaction, the insider now directly holds 0.28 million shares of the RF stock.

Still, SEC filings show that on May 17 ’23, Hill J Thomas (Director) acquired 11,926 shares at an average price of $16.78 for $0.2 million. The insider now directly holds 23,107 shares of Regions Financial Corp. (RF).

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