At the time of writing, Regions Financial Corp. [RF] stock is trading at $19.77, up 2.17%. In order to assess the stock’s recent performance, you can check whether its short-term value is rising or falling. The RF shares have gain 4.83% over the last week, with a monthly amount drifted -0.90%, and not seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Regions Financial Corp. [NYSE: RF] stock has seen the most recent analyst activity on March 18, 2024, when Citigroup upgraded its rating to a Buy and also boosted its price target to $23 from $20. Previously, Argus downgraded its rating to Hold on January 23, 2024. On January 09, 2024, upgrade upgraded it’s rating to Buy and revised its price target to $22 on the stock. Evercore ISI downgraded its rating to a In-line and increased its price target to $21 on January 03, 2024. Barclays downgraded its rating to a Underweight and raised its price target to $22 on January 02, 2024. Odeon downgraded its rating to Hold for this stock on November 13, 2023, but kept the price target unchanged to $17.10. In a note dated October 27, 2023, JP Morgan downgraded an Neutral rating on this stock and revised its target price from $19 to $16.50.
For the past year, the stock price of Regions Financial Corp. fluctuated between $13.72 and $21.08. Currently, Wall Street analysts expect the stock to reach $23.88 within the next 12 months. Regions Financial Corp. [NYSE: RF] shares were valued at $19.77 at the most recent close of the market. An investor can expect a potential return of 20.79% based on the average RF price forecast.
Analyzing the RF fundamentals
According to Regions Financial Corp. [NYSE:RF], the company’s sales were 9.22B for trailing twelve months, which represents an 5.04% jump. Gross Profit Margin for this corporation currently stands at 1.0% with Operating Profit Margin at -0.07%, Pretax Profit Margin comes in at 0.32%, and Net Profit Margin reading is 0.25%. To continue investigating profitability, this company’s Return on Assets is posted at 0.01, Equity is 0.11 and Total Capital is -0.01. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.25.
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 19.32 points at the first support level, and at 18.88 for the second support level. However, for the 1st resistance point, the stock is sitting at 20.02, and for the 2nd resistance point, it is at 20.28.
Regions Financial Corp. [RF] reported earnings per share of $0.37 for its fiscal quarter that ended on 3/31/2024. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $0.45/share, meaning a difference of -$0.08 and a surprise factor of -17.80%. By comparison, the stated earnings for the previous quarter ended on 12/31/2023 were $0.49 per share as compared to estimates of $0.46 per share, a difference of $0.03 representing a surprise of 6.50%.
Ratios To Look Out For
It is important to note that Regions Financial Corp. [NYSE:RF] has a current ratio of 0.12. Considering the valuation of this stock, the price to sales ratio is 1.97, the price to book ratio is 1.18 and price to earnings (TTM) ratio is 10.68.
Transactions by insiders
Recent insider trading involved RHODES WILLIAM C III, Director, that happened on Apr 23 ’24 when 50000.0 shares were purchased. SEVP & CRO, Lusco C. Matthew completed a deal on Dec 08 ’23 to sell 28617.0 shares. Meanwhile, SEVP Smith Ronald G. sold 10000.0 shares on Aug 07 ’23.
