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Weak Fundamental Momentum Sinks Regions Financial Corporation

Regions Financial Corporation (NYSE:RF) has a beta value of 1.22 and has seen 7.76 million shares traded in the last trading session. The company, currently valued at $20.39B, closed the last trade at $22.83 per share which meant it lost -$0.13 on the day or -0.57% during that session. The RF stock price is -12.0% off its 52-week high price of $25.57 and 21.11% above the 52-week low of $18.01. If we look at the company’s 10-day average daily trading volume, we find that it stood at 8.57 million shares traded. The 3-month trading volume is 7.26 million shares.

Regions Financial Corporation (NYSE:RF) trade information

Sporting -0.57% in the red in last session, the stock has traded in the green over the last five days, with the highest price hit on Tuesday, 01/24/23 when the RF stock price touched $22.83 or saw a rise of 1.68%. Year-to-date, Regions Financial Corporation shares have moved 5.89%, while the 5-day performance has seen it change 1.78%. Over the past 30 days, the shares of Regions Financial Corporation (NYSE:RF) have changed 8.51%. Short interest in the company has seen 15.02 million shares shorted with days to cover at 1.69.

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Regions Financial Corporation (RF) estimates and forecasts

Figures show that Regions Financial Corporation shares have outperformed across the wider relevant industry. The company’s shares have gained 7.23% over the past 6 months, with this year growth rate of 5.91%, compared to 1.50% for the industry. Other than that, the company has, however, increased its growth outlook for the 2023 fiscal year revenue. Growth estimates for the current quarter are 48.80% and 14.50% for the next quarter. Revenue growth from the last financial year stood is estimated to be 10.60%.

16 analysts offering their estimates for the company have set an average revenue estimate of $1.92 billion for the current quarter. 13 have an estimated revenue figure of $1.91 billion for the next quarter concluding in Mar 2023. Year-ago sales stood $1.64 billion and $1.61 billion respectively for this quarter and the next, and analysts expect sales will grow by 17.10% for the current quarter and 18.80% for the next.

If we evaluate the company’s growth over the last 5-year and for the next 5-year period, we find that annual earnings growth was 23.60% over the past 5 years. Earnings growth for 2023 is a modest 141.90% while over the next 5 years, the company’s earnings are expected to decrease by -0.88%.

RF Dividends

Regions Financial Corporation is expected to release its next earnings report on April 21 this year, and investors are excited at the prospect of better dividends despite the company’s debt issue. The forward dividend is 0.80 at a share yield of 3.50%. The company’s dividend yield has gone up over the past 12 months.

Regions Financial Corporation (NYSE:RF)’s Major holders

Insiders own 0.51% of the company shares, while shares held by institutions stand at 77.02% with a share float percentage of 77.41%. Investors are also buoyed by the number of investors in a company, with Regions Financial Corporation having a total of 1,168 institutions that hold shares in the company. The top two institutional holders are Vanguard Group, Inc. (The) with over 112.14 million shares worth more than $2.1 billion. As of Jun 29, 2022, Vanguard Group, Inc. (The) held 12.00% of shares outstanding.

The other major institutional holder is Blackrock Inc., with the holding of over 97.59 million shares as of Jun 29, 2022. The firm’s total holdings are worth over $1.83 billion and represent 10.44% of shares outstanding.

Also the top two Mutual Funds that are holding company’s shares are Vanguard Total Stock Market Index Fund and Vanguard Mid-Cap Index Fund. As of Jun 29, 2022, the former fund manager holds about 2.94% shares in the company for having 27.5 million shares of worth $515.58 million while later fund manager owns 21.51 million shares of worth $403.37 million as of Jun 29, 2022, which makes it owner of about 2.30% of company’s outstanding stock.

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