Regions Financial Corp (NYSE: RF) is -0.34% lower on its value in year-to-date trading and has touched a low of $17.72 and a high of $27.96 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The RF stock was last observed hovering at around $23.39 in the last trading session, with the day’s gains setting it 0.05%.
Currently trading at $23.44, the stock is -3.58% and -3.14% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 7.28 million and changing 0.21% at the moment leaves the stock 3.31% off its SMA200. RF registered 27.88% gain for a year compared to 6-month gain of 7.57%..
The stock witnessed a -3.38% loss in the last 1 month and extending the period to 3 months gives it a -10.74%, and is -3.62% 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 2.38% over the week and 1.98% over the month.
Regions Financial Corp (RF) has around 19644 employees, a market worth around $21.30B and $9.36B in sales. Current P/E ratio is 12.13 and Fwd P/E is 9.40. Profit margin for the company is 18.96%. Distance from 52-week low is 32.28% and -16.17% from its 52-week high. The company has generated returns on investments over the last 12 months (8.29%).
with sales reaching $1.84B over the same period.The EPS is expected to grow by 6.60% this year, but quarterly earnings will post 5.99% year-over-year. Quarterly sales are estimated to grow 4.43% in year-over-year returns.
Regions Financial Corp (RF) Top Institutional Holders
The shares outstanding are 908.48M, and float is at 905.69M with Short Float at 3.88%.
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.
