In the last trading session, 8.46 million Regions Financial Corp. (NYSE:RF) shares changed hands as the company’s beta touched 1.19. With the company’s per share price at $22.32 changed hands at -$0.23 or -1.02% during last session, the market valuation stood at $20.43B. RF’s last price was a discount, traded about -5.15% off its 52-week high of $23.47. The share price had its 52-week low at $13.72, which suggests the last value was 38.53% up since then. When we look at Regions Financial Corp.’s average trading volume, we note the 10-day average is 7.13 million shares, with the 3-month average coming to 7.85 million.
Analysts gave the Regions Financial Corp. (RF) stock a consensus recommendation rating of Buy, calculated at a mean rating of 2.38. If we narrow down to specifics, the data shows that 0 out of 16 analysts rate the stock as a Sell, with a further 0 assigning it an Overweight rating. Of the remaining, 7 recommended RF as a Hold, 9 felt it is a Buy and 0 rated the stock as Underweight. Regions Financial Corp.’s EPS for the current quarter is expected to be 0.52.
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Regions Financial Corp. (NYSE:RF) trade information
Instantly RF was in red as seen at the end of in last trading. With action -2.96%, the performance over the past five days has been red. The company’s shares are showing year-to-date upside of 15.17%, with the 5-day performance at -2.96% in the red. However, in the 30-day time frame, Regions Financial Corp. (NYSE:RF) is 7.67% up. Looking at the short shares, we see there were 39.78 million shares sold at short interest cover period of 4.79 days.
The consensus price target for the stock as assigned by Wall Street analysts is 23.5, meaning bulls need an upside of 5.02% from its current market value. According to analyst projections, RF’s forecast low is 18 with 29 as the target high. To hit the forecast high, the stock’s price needs a -29.93% plunge from its current level, while the stock would need to tank 19.35% for it to hit the projected low.
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 14.05% over the past 6 months, a -10.71% in annual growth rate that is considerably lower than the industry average of 0.30%. Year-over-year growth is forecast to reach -5.80% down from the last financial year.
Consensus estimates given by 17 financial analysts project the company’s revenue in the current quarter to hit an average of 1.8B. 16 analysts are of the opinion that Regions Financial Corp.’s revenue for the current quarter will be 1.81B. The company’s revenue for the corresponding quarters a year ago was 1.89B and 1.81B respectively. According to analysts, the company will likely register a growth in its current quarter sales, forecast at -4.80%. The estimates for the next quarter sales put growth at 0.10%.
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 -11.40%, but the outlook for the next 5-year period is at 2.35% per year.
RF Dividends
Regions Financial Corp. is expected to release its next quarterly earnings report in October. The 4.35% annual yield figure for the share gives it an annual dividend of 0.97. It is important to note, however, that the 4.35% 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. During the past 5 years, the average dividend yield was 3.96 per year.
Regions Financial Corp. (NYSE:RF)’s Major holders
If we look at who the major shareholders are, we find that insiders hold 0.27% of Regions Financial Corp. shares while 81.71% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 81.93%. There are 81.71% institutions holding the Regions Financial Corp. stock share, with VANGUARD GROUP INC the top institutional holder. As of 2024-06-30, the company held 12.2646% of the shares, roughly 112.96 million RF shares worth $2.26 billion.
BLACKROCK INC. holds the second largest percentage of outstanding shares, with 9.4125% or 86.69 million shares worth $1.74 billion as of 2024-06-30.
