Reviewing The Case For Regions Financial Corp. (RF) Going Higher

Currently, there are 922.34M common shares owned by the public and among those 916.49M shares have been available to trade.

Insiders at the company have transacted a total of 41 times over the past 12 months, according to data filed with the U.S. Securities and Exchange Commission (SEC). 27 of these insider trades were purchases, accounting for 1,092,100 shares. Insider sales of the common stock occurred on 14 occasions, with total insider shares sold totaling 461,489 shares.

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The company’s stock has a 5-day price change of 4.90% and 10.93% over the past three months. RF shares are trading 0.57% year to date (YTD), with the 12-month market performance down to -16.53% lower. It has a 12-month low price of $13.72 and touched a high of $23.58 over the same period. RF has an average intraday trading volume of 9.09 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 6.47%, 4.26%, and 8.66% respectively.

Institutional ownership of Regions Financial Corp. (NYSE: RF) shares accounts for 81.14% of the company’s 922.34M shares outstanding.

It has a market capitalization of $17.91B and a beta (3y monthly) value of 1.21. The stock’s trailing 12-month PE ratio is 9.26, while the earnings-per-share (ttm) stands at $2.11. The company has a debt-to-equity ratio at 0.16. Price movements for the stock have been influenced by the stock’s volatility, which stands at 2.38% over the week and 2.41% over the month.

Analysts forecast that Regions Financial Corp. (RF) will achieve an EPS of $0.46 for the current quarter, $0.47 for the next quarter and $2.21 for 2025. The lowest estimate earnings-per-share for the quarter is $0.41 while analysts give the company a high EPS estimate of $0.5. Comparatively, EPS for the current quarter was $0.62 a year ago. Earnings per share for the fiscal year are expected to decrease by -12.19%, and 13.58% over the next financial year. EPS should shrink at an annualized rate of -0.88% over the next five years, compared to 6.49% over the past 5-year period.

Jefferies coverage for the Regions Financial Corp. (RF) stock in a research note released on January 09, 2024 offered a Buy rating with a price target of $22. Evercore ISI was of a view on January 03, 2024 that the stock is In-line, while Barclays gave the stock Underweight rating on January 02, 2024, issuing a price target of $20- $22. Odeon on their part issued Hold rating on November 13, 2023.

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