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

Currently, there are 922.34M common shares owned by the public and among those 912.23M shares have been available to trade.

The company’s stock has a 5-day price change of 0.55% and 6.39% over the past three months. RF shares are trading 22.91% year to date (YTD), with the 12-month market performance up to 44.01% higher. It has a 12-month low price of $13.72 and touched a high of $24.33 over the same period. RF has an average intraday trading volume of 7.55 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 2.95%, 5.44%, and 17.31% respectively.

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Institutional ownership of Regions Financial Corp. (NYSE: RF) shares accounts for 80.50% of the company’s 922.34M shares outstanding.

It has a market capitalization of $21.80B and a beta (3y monthly) value of 1.19. The stock’s trailing 12-month PE ratio is 13.45, while the earnings-per-share (ttm) stands at $1.77. The company has a PEG of 5.11 and the debt-to-equity ratio at 0.40. Price movements for the stock have been influenced by the stock’s volatility, which stands at 2.31% over the week and 2.12% over the month.

Earnings per share for the fiscal year are expected to decrease by -10.69%, and 11.96% over the next financial year. EPS should shrink at an annualized rate of 2.63% 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. Wedbush stated their Outperform rating for the stock in a research note on September 24, 2024, with the firm’s price target at $23-$28. Citigroup coverage for the Regions Financial Corp. (RF) stock in a research note released on March 18, 2024 offered a Buy rating with a price target of $23. Argus was of a view on January 23, 2024 that the stock is Hold, while Jefferies gave the stock Buy rating on January 09, 2024, issuing a price target of $15- $22. Evercore ISI on their part issued In-line rating on January 03, 2024.

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