Regions Financial Corp. (RF): A Great Stock For Handling Current Market Conditions?

Currently, there are 922.34M common shares owned by the public and among those 916.44M shares have been available to trade.

However, the script later moved the day high at 21.06, down -2.28%. The company’s stock has a 5-day price change of 3.52% and 5.17% over the past three months. RF shares are trading 6.09% year to date (YTD), with the 12-month market performance up to 10.18% higher. It has a 12-month low price of $13.72 and touched a high of $21.08 over the same period. RF has an average intraday trading volume of 9.03 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 4.96%, 8.61%, and 13.51% respectively.

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Institutional ownership of Regions Financial Corp. (NYSE: RF) shares accounts for 81.17% of the company’s 922.34M shares outstanding.

It has a market capitalization of $18.89B and a beta (3y monthly) value of 1.22. The stock’s trailing 12-month PE ratio is 9.77, 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 2.11% over the week and 2.29% over the month.

Analysts forecast that Regions Financial Corp. (RF) will achieve an EPS of $0.45 for the current quarter, $0.47 for the next quarter and $2.2 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 -12.33%, 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.

Looking at the support for the RF, a number of firms have released research notes about the stock. Citigroup stated their Buy rating for the stock in a research note on March 18, 2024, with the firm’s price target at $20-$23. Jefferies was of a view on January 09, 2024 that the stock is Buy, while Evercore ISI gave the stock In-line rating on January 03, 2024, issuing a price target of $16.50- $21. Barclays on their part issued Underweight rating on January 02, 2024.

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