Regions Financial Corporation [NYSE: RF] price surged by 3.69 percent to reach at $0.47. The company report on October 20, 2020 that Regions reports third quarter 2020 earnings of $501 million, up 30 percent over the prior year, and earnings per share of $0.52, up 33 percent.
Delivers strong revenue and pre-tax pre-provision income(1) growth over the prior year.
Regions Financial Corporation (NYSE:RF) today announced earnings for the third quarter ended September 30, 2020. The company reported net income available to common shareholders of $501 million, an increase of 30 percent compared to the third quarter of 2019. Earnings per diluted share were $0.52, a 33 percent increase. Total revenue grew 10 percent while pre-tax pre-provision income(1) increased 20 percent over the prior year. Adjusted revenue(1) grew 7 percent while adjusted pre-tax pre-provision income(1) increased 12 percent. The company also generated year-to-date positive operating leverage of 2.4 percent on a reported basis and 2.0 percent on an adjusted basis(1) versus the comparable prior year period.
A sum of 8161327 shares traded at recent session while its average daily volume was at 7.77M shares. Regions Financial Corporation shares reached a high of $13.32 and dropped to a low of $12.52 until finishing in the latest session at $13.20.
The one-year RF stock forecast points to a potential upside of 2.65. The average equity rating for RF stock is currently 2.20, trading closer to a bullish pattern in the stock market.
Guru’s Opinion on Regions Financial Corporation [RF]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for RF shares is $13.56 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on RF stock is a recommendation set at 2.20. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
Odeon have made an estimate for Regions Financial Corporation shares, keeping their opinion on the stock as Buy, with their previous recommendation back on September 15, 2020. The new note on the price target was released on July 31, 2020, representing the official price target for Regions Financial Corporation stock. Previously, the target price had yet another raise to $15, while Raymond James analysts kept a Outperform rating on RF stock.
The Average True Range (ATR) for Regions Financial Corporation is set at 0.53, with the Price to Sales ratio for RF stock in the period of the last 12 months amounting to 2.95. The Price to Book ratio for the last quarter was 0.79, with the Price to Cash per share for the same quarter was set at 13.73. Price to Free Cash Flow for RF in the course of the last twelve months was 6.28.
RF Stock Performance Analysis:
Regions Financial Corporation [RF] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -4.35. With this latest performance, RF shares gained by 14.48% in over the last four-week period, additionally plugging by 29.79% over the last 6 months – not to mention a drop of -18.87% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for RF stock in for the last two-week period is set at 57.54, with the RSI for the last a single of trading hit 57.13, and the three-weeks RSI is set at 57.45 for Regions Financial Corporation [RF]. The present Moving Average for the last 50 days of trading for this stock 12.02, while it was recorded at 13.19 for the last single week of trading, and 11.78 for the last 200 days.
Insight into Regions Financial Corporation Fundamentals:
Operating Margin for any stock indicates how profitable investing would be, and Regions Financial Corporation [RF] shares currently have an operating margin of +30.62. Regions Financial Corporation’s Net Margin is presently recorded at +23.90.
Return on Total Capital for RF is now 7.24, given the latest momentum, and Return on Invested Capital for the company is 6.88. Return on Equity for this stock inclined to 10.08, with Return on Assets sitting at 1.26. When it comes to the capital structure of this company, Regions Financial Corporation [RF] has a Total Debt to Total Equity ratio set at 64.09. Additionally, RF Total Debt to Total Capital is recorded at 39.06, with Total Debt to Total Assets ending up at 8.27. Long-Term Debt to Equity for the company is recorded at 43.52, with the Long-Term Debt to Total Capital now at 24.39.
Reflecting on the efficiency of the workforce at the company, Regions Financial Corporation [RF] managed to generate an average of $80,863 per employee.
RF Stock EPS
With the latest financial reports released by the company, Regions Financial Corporation posted 0.39/share EPS, while the average EPS was predicted by analysts to be reported at 0.39/share. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for RF.
Regions Financial Corporation [RF] Insider Position Details
There are presently around $9,487 million, or 78.10% of RF stock, in the hands of institutional investors. The top three institutional holders of RF stocks are: VANGUARD GROUP INC with ownership of 120,780,488, which is approximately -3.102% of the company’s market cap and around 0.10% of the total institutional ownership; BLACKROCK INC., holding 86,247,727 shares of the stock with an approximate value of $1.14 billion in RF stocks shares; and STATE STREET CORP, currently with $703.02 million in RF stock with ownership of nearly 3.757% of the company’s market capitalization.
Positions in Regions Financial Corporation stocks held by institutional investors increased at the end of October and at the time of the October reporting period, where 296 institutional holders increased their position in Regions Financial Corporation [NYSE:RF] by around 68,076,667 shares. Additionally, 343 investors decreased positions by around 58,817,934 shares, while 118 investors held positions by with 591,854,291 shares. The mentioned changes placed institutional holdings at 718,748,892 shares, according to the latest SEC report filing. RF stock had 70 new institutional investments in for a total of 5,410,886 shares, while 87 institutional investors sold positions of 13,915,627 shares during the same period.