In the latest trading session, 1.08 million Regions Financial Corp. (NYSE:RF) shares changed hands as the company’s beta touched 1.21. With the company’s most recent per share price at $20.33 changing hands around $0.42 or 2.08% at last look, the market valuation stands at $18.68B. RF’s current price is a discount, trading about -3.39% off its 52-week high of $21.02. The share price had its 52-week low at $13.72, which suggests the last value was 32.51% up since then. When we look at Regions Financial Corp.’s average trading volume, we note the 10-day average is 9.67 million shares, with the 3-month average coming to 8.93 million.
Regions Financial Corp. (NYSE:RF) trade information
Instantly RF is in green as seen in intraday trades today. With action 2.81%, the performance over the past five days has been green. The jump to weekly highs of 20.35 added 2.08% to the stock’s daily price. The company’s shares are showing year-to-date upside of 4.88%, with the 5-day performance at 2.81% in the green. However, in the 30-day time frame, Regions Financial Corp. (NYSE:RF) is 9.39% up. Looking at the short shares, we see there were 33.51 million shares sold at short interest cover period of 3.66 days.
Regions Financial Corp. (RF) estimates and forecasts
Data shows that the Regions Financial Corp. share is performing relatively much not better than most of its peers within the same industry. As can be gleaned from the statistics, the company’s share value shot 20.48% over the past 6 months, a -11.61% in annual growth rate that is considerably lower than the industry average of -1.90%. Moreover, analysts have looked to lower expectations by upgrading its fiscal year 2024 revenue estimates. The rating firms predict current quarter revenue for Regions Financial Corp. will fall -27.40%, while the growth in revenue is estimated to hit -20.30% for the next quarter. Year-over-year growth is forecast to reach -5.90% down from the last financial year.
Consensus estimates given by 18 financial analysts project the company’s revenue in the current quarter to hit an average of $1.75 billion. 17 analysts are of the opinion that Regions Financial Corp.’s revenue for the quarter ending Jun 2024 will be $1.76 billion. The company’s revenue for the corresponding quarters a year ago was $1.96 billion and $1.96 billion respectively. According to analysts, the company will likely register a growth in its current quarter sales, forecast at -11.10%. The estimates for the next quarter sales put growth at -9.90%.
Looking at the company’s year-on-year earnings, data shows that the past 5-year has an earnings growth rate of 6.49%. The 2024 estimates are for Regions Financial Corp. earnings to decrease by -11.87%, but the outlook for the next 5-year period is at -0.88% per year.
RF Dividends
Regions Financial Corp. is expected to release its next quarterly earnings report on April 19. The 4.53% annual yield figure for the share gives it an annual dividend of 0.92. It is important to note, however, that the 4.53% dividend yield ratio should serve as a guide only, as you should also take into consideration many other aspects of a company’s operations and fundamentals before making any investment decision.
Regions Financial Corp. (NYSE:RF)’s Major holders
If we look at who the major shareholders are, we find that insiders hold 0.25% of Regions Financial Corp. shares while 81.75% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 81.96%. There are 81.75% institutions holding the Regions Financial Corp. stock share, with Vanguard Group Inc the top institutional holder. As of Dec 30, 2023, the company held 12.81% of the shares, roughly 117.7 million RF shares worth $2.4 billion.
Blackrock Inc. holds the second largest percentage of outstanding shares, with 9.58% or 88.03 million shares worth $1.79 billion as of Dec 30, 2023.
Among Mutual Funds, the top two as of Dec 30, 2023 were Vanguard Fenway Funds-Equity Income Fund and Vanguard Total Stock Market Index Fund. With 36.31 million shares estimated at $739.95 million under it, the former controlled 3.95% of total outstanding shares. On the other hand, Vanguard Total Stock Market Index Fund held about 3.18% of the shares, roughly 29.19 million shares worth around $594.9 million.
