Regions Financial Corporation [NYSE: RF] slipped around -0.38 points on Friday, while shares priced at $20.28 at the close of the session, down -1.84%. The company report on March 10, 2023 that Turn the Page: It’s Read Across America Month.
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Regions Financial Corporation stock is now -5.94% down from its year-to-date (YTD) trading value. RF Stock saw the intraday high of $21.08 and lowest of $19.68 per share. The company’s 52-week high price is 24.33, which means current price is +3.05% above from all time high which was touched on 02/02/23.
Compared to the average trading volume of 7.48M shares, RF reached a trading volume of 23656196 in the most recent trading day, which is why market watchdogs consider the stock to be active.
What do top market gurus say about 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 $25.55 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 2.30. 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.
UBS have made an estimate for Regions Financial Corporation shares, keeping their opinion on the stock as Neutral, with their previous recommendation back on January 10, 2023. The new note on the price target was released on January 09, 2023, representing the official price target for Regions Financial Corporation stock. Previously, the target price had yet another raise to $25, while DA Davidson analysts kept a Buy rating on RF stock.
The Average True Range (ATR) for Regions Financial Corporation is set at 0.65, with the Price to Sales ratio for RF stock in the period of the last 12 months amounting to 3.78. The Price to Book ratio for the last quarter was 1.32, with the Price to Cash per share for the same quarter was set at 11.79. Price to Free Cash Flow for RF in the course of the last twelve months was 8.22.
How has RF stock performed recently?
Regions Financial Corporation [RF] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -13.15. With this latest performance, RF shares dropped by -14.97% in over the last four-week period, additionally sinking by -8.69% over the last 6 months – not to mention a drop of -9.67% 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 23.01, with the RSI for the last a single of trading hit 15.66, and the three-weeks RSI is set at 29.60 for Regions Financial Corporation [RF]. The present Moving Average for the last 50 days of trading for this stock 22.80, while it was recorded at 21.68 for the last single week of trading, and 21.60 for the last 200 days.
Regions Financial Corporation [RF]: Deeper insight into the fundamentals
Operating Margin for any stock indicates how profitable investing would be, and Regions Financial Corporation [RF] shares currently have an operating margin of +37.58. Regions Financial Corporation’s Net Margin is presently recorded at +29.83.
Return on Equity for this stock inclined to 13.10, with Return on Assets sitting at 1.41.
Earnings analysis for Regions Financial Corporation [RF]
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. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Regions Financial Corporation go to -0.88%.
Insider trade positions for Regions Financial Corporation [RF]
There are presently around $14,516 million, or 77.50% of RF stock, in the hands of institutional investors. The top three institutional holders of RF stocks are: VANGUARD GROUP INC with ownership of 109,685,449, which is approximately 0.561% of the company’s market cap and around 0.22% of the total institutional ownership; BLACKROCK INC., holding 94,715,056 shares of the stock with an approximate value of $1.92 billion in RF stocks shares; and STATE STREET CORP, currently with $1.02 billion in RF stock with ownership of nearly -2.951% of the company’s market capitalization.
Positions in Regions Financial Corporation stocks held by institutional investors increased at the end of Friday and at the time of the Friday reporting period, where 450 institutional holders increased their position in Regions Financial Corporation [NYSE:RF] by around 42,067,102 shares. Additionally, 360 investors decreased positions by around 26,440,074 shares, while 163 investors held positions by with 647,278,901 shares. The mentioned changes placed institutional holdings at 715,786,077 shares, according to the latest SEC report filing. RF stock had 131 new institutional investments in for a total of 6,734,117 shares, while 86 institutional investors sold positions of 5,298,301 shares during the same period.