In last trading session, Regions Financial Corp. (NYSE:RF) saw 11.19 million shares changing hands with its beta currently measuring 1.19. Company’s recent per share price level of $23.82 trading at -$0.16 or -0.67% at ring of the bell on the day assigns it a market valuation of $21.80B. That closing price of RF’s stock is at a discount of -2.14% from its 52-week high price of $24.33 and is indicating a premium of 42.4% from its 52-week low price of $13.72. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 6.95 million shares which gives us an average trading volume of 7.55 million if we extend that period to 3-months.
For Regions Financial Corp. (RF), analysts’ consensus is at an average recommendation of Buy while assigning it a mean rating of 2.38. Splitting up the data highlights that, out of 16 analysts covering the stock, 0 rated the stock as a Sell while 0 recommended an Overweight rating for the stock. 7 suggested the stock as a Hold whereas 9 see the stock as a Buy. 0 analyst(s) advised it as an Underweight. The company is expected to be making an EPS of 0.53 in the current quarter.
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Regions Financial Corp. (NYSE:RF) trade information
Upright in the red during last session for losing -0.67%, in the last five days RF remained trading in the green while hitting it’s week-highest on Friday, 10/18/24 when the stock touched $23.82 price level, adding 2.66% to its value on the day. Regions Financial Corp.’s shares saw a change of 22.91% in year-to-date performance and have moved 0.55% in past 5-day. Regions Financial Corp. (NYSE:RF) showed a performance of 1.97% in past 30-days. Number of shares sold short was 39.89 million shares which calculate 5.26 days to cover the short interests.
Wall Street analysts have assigned a consensus price target of 24.5 to the stock, which implies a rise of 2.78% to its current value. Analysts have been projecting 18 as a low price target for the stock while placing it at a high target of 29. It follows that stock’s current price would jump 24.43% in reaching the projected high whereas dropping to the targeted low would mean a gain of 24.43% for stock’s current value.
Regions Financial Corp. (RF) estimates and forecasts
Statistics highlight that Regions Financial Corp. is scoring comparatively lower than the scores of other players of the relevant industry. The company added 26.03% of value to its shares in past 6 months, showing an annual growth rate of -9.38% while that of industry is 0.10. Apart from that, the company came lowering its revenue forecast for fiscal year 2024. This year revenue growth is estimated to fall -5.60% from the last financial year’s standing.
18 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of 1.8B for the same. And 17 analysts are in estimates of company making revenue of 1.82B in the next quarter. Company posted 1.89B and 1.81B of sales in current and next quarters respectively a year earlier.
Weighing up company’s earnings over the past 5-year and in the next 5-year periods, we find the company posting an annual earnings growth rate of 6.49% during past 5 years. In 2024, company’s earnings growth rate is likely to be around -10.79% while estimates for its earnings growth in next 5 years are of 2.63%.
RF Dividends
Regions Financial Corp. is more likely to be releasing its next quarterly report on 2024-Oct-18 and investors are confident in the company announcing better current-quarter dividends despite the fact that it has been facing issues arising out of mounting debt. With an annual yield of 4.07%, the share has a forward dividend of 0.97 which implies that company’s dividend yield remained growing in trailing twelve months while having a 5 year average dividend yield of 3.97%.
Regions Financial Corp. (NYSE:RF)’s Major holders
Insiders are in possession of 0.27% of company’s total shares while institution are holding 81.36 percent of that, with stock having share float percentage of 81.58%. Investors also watch the number of corporate investors in a company very closely, which is 81.36% institutions for Regions Financial Corp. that are currently holding shares of the company. VANGUARD GROUP INC is the top institutional holder at RF for having 112.96 million shares of worth $2.26 billion. And as of 2024-06-30, it was holding 12.2646 of the company’s outstanding shares.
The second largest institutional holder is BLACKROCK INC., which was holding about 86.69 million shares on 2024-06-30. The number of shares represents firm’s hold over 9.4125 of outstanding shares, having a total worth of $1.74 billion.
