Regions Financial Corp (NYSE: RF) is 22.65% higher on its value in year-to-date trading and has touched a low of $17.42 and a high of $27.96 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 $23.17 in the last trading session, with the day’s gains setting it 0.6%.
Currently trading at $23.77, the stock is -7.68% and -5.42% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 29.36 million and changing 2.59% at the moment leaves the stock 9.16% off its SMA200. RF registered 25.30% gain for a year compared to 6-month gain of 23.10%. The firm has a 50-day simple moving average (SMA 50) of $25.133 and a 200-day simple moving average (SMA200) of $21.7758.
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The stock witnessed a -9.48% loss in the last 1 month and extending the period to 3 months gives it a 3.75%, and is -5.34% down 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 3.51% over the week and 2.26% over the month.
Regions Financial Corp (RF) has around 20101 employees, a market worth around $22.16B and $9.21B in sales. Current P/E ratio is 13.42 and Fwd P/E is 10.44. Profit margin for the company is 17.73%. Distance from 52-week low is 36.45% and -14.99% from its 52-week high. The company has generated returns on investments over the last 12 months (6.82%).
The EPS is expected to shrink by -9.87% this year.
Regions Financial Corp (RF) Top Institutional Holders
1198.0 institutions hold shares in Regions Financial Corp (RF), with institutional investors hold 81.06% of the company’s shares. The shares outstanding are 910.57M, and float is at 906.03M with Short Float at 3.77%. Institutions hold 80.84% of the Float.
The top institutional shareholder in the company is VANGUARD GROUP INC with over 112.96 million shares valued at $2.26 billion. The investor’s holdings represent 12.2646% of the RF Shares outstanding. As of 2024-06-30, the second largest holder is BLACKROCK INC. with 86.69 million shares valued at $1.74 billion to account for 9.4125 of the shares outstanding. The other top investors are WELLINGTON MANAGEMENT GROUP LLP which holds 49.12 million shares representing 5.3332% and valued at over $984.35 million, while STATE STREET CORP holds 5.1786 of the shares totaling 47.69 million with a market value of $967.31 million.
Regions Financial Corp (RF) Insider Activity
The most recent transaction is an insider sale by Ritter William D., the company’s SEVP. SEC filings show that Ritter William D. sold 23,000 shares of the company’s common stock on May 03 ’24 at a price of $19.95 per share for a total of $0.46 million. Following the sale, the insider now owns 41671.0 shares.
Regions Financial Corp disclosed in a document filed with the SEC on Apr 23 ’24 that RHODES WILLIAM C III (Director) bought a total of 50,000 shares of the company’s common stock. The trade occurred on Apr 23 ’24 and was made at $19.37 per share for $0.97 million. Following the transaction, the insider now directly holds 50000.0 shares of the RF stock.
