Regions Financial Corp. [RF] stock prices are up 0.32% to $18.63 at the moment. One of the good ways to gauge the recent performance is if the stock’s short-term value is rising or falling. The RF shares have gain 2.19% over the last week, with a monthly amount drifted -4.36%, and not seem to be holding up well over a long-time horizon.
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On 29, February 2024, RF Capital Reports Fourth Quarter and Fiscal 2023 Results. In a post published today on Yahoo Finance, 2023 Financial Highlights(as compared with 2022).
From an analyst’s perspective:
Regions Financial Corp. [NYSE: RF] stock has seen the most recent analyst activity on January 23, 2024, when Argus downgraded its rating to a Hold. Previously, Jefferies upgraded its rating to Buy on January 09, 2024, and elevated its price target to $22. On January 03, 2024, downgrade downgraded it’s rating to In-line and revised its price target to $21 on the stock. Barclays downgraded its rating to a Underweight and increased its price target to $22 on January 02, 2024. Odeon downgraded its rating to a Hold but $17.10 remained the price target by the analyst firm on November 13, 2023. JP Morgan downgraded its rating to Neutral for this stock on October 27, 2023, and downed its price target to $16.50. In a note dated October 25, 2023, Piper Sandler downgraded an Neutral rating on this stock and revised its target price from $17 to $15.
The stock price of Regions Financial Corp. [RF] has been fluctuating between $13.72 and $23.58 over the past year. Currently, Wall Street analysts expect the stock to reach $24.79 within the next 12 months. Regions Financial Corp. [NYSE: RF] shares were valued at $18.63 at the most recent close of the market. An investor can expect a potential return of 33.06% based on the average RF price forecast.
Analyzing the RF fundamentals
The Regions Financial Corp. [NYSE:RF] reported sales of 9.11B for trailing twelve months, representing a surge of 8.41%. Gross Profit Margin for this corporation currently stands at 1.0%, Pretax Profit Margin comes in at 0.38%, and Net Profit Margin reading is 0.31%. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.13.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 18.46 points at the first support level, and at 18.30 for the second support level. However, for the 1st resistance point, the stock is sitting at 18.83, and for the 2nd resistance point, it is at 19.04.
Regions Financial Corp. [RF] reported earnings per share of $0.49 for its fiscal quarter that ended on 12/30/2023. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $0.46/share, meaning a difference of $0.03 and a surprise factor of 6.50%. By comparison, the stated earnings for the previous quarter ended on 9/29/2023 were $0.49 per share as compared to estimates of $0.58 per share, a difference of -$0.09 representing a surprise of -15.50%.
Ratios To Look Out For
It’s worth pointing out that Regions Financial Corp. [NYSE:RF]’s Current Ratio is 0.07. Considering the valuation of this stock, the price to sales ratio is 1.88, the price to book ratio is 1.09 and price to earnings (TTM) ratio is 8.85.
Transactions by insiders
Recent insider trading involved Lusco C. Matthew, SEVP & CRO, that happened on Dec 08 when 28617.0 shares were sold. SEVP, Smith Ronald G. completed a deal on Aug 07 to sell 10000.0 shares. Meanwhile, Director Hill J Thomas bought 11926.0 shares on May 17.
