Regions Financial Corp. (NYSE: RF) closed the day trading at $19.41 down -1.37% from the previous closing price of $19.68. In other words, the price has decreased by -$0.27 from its previous closing price. On the day, 8061066 shares were traded.
Ratios:
For a better understanding of RF, let’s look at its different ratios. In the meantime, Its Debt-to-Equity ratio is 0.16 whereas as Long-Term Debt/Eq ratio is at 0.16.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for the company, Citigroup on March 18, 2024, Upgraded its rating to Buy and sets its target price to $23 from $20 previously.
Jefferies Upgraded its Hold to Buy on January 09, 2024, whereas the target price for the stock was revised from $15 to $22.
Insider Transactions:
The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. A recent insider transaction in this stock occurred on Dec 08 ’23 when Lusco C. Matthew sold 28,617 shares for $17.47 per share. The transaction valued at 499,839 led to the insider holds 103,307 shares of the business.
Smith Ronald G. sold 10,000 shares of RF for $209,300 on Aug 07 ’23. The SEVP now owns 281,151 shares after completing the transaction at $20.93 per share. On May 17 ’23, another insider, Hill J Thomas, who serves as the Director of the company, bought 11,926 shares for $16.78 each. As a result, the insider paid 200,134 and bolstered with 23,107 shares of the company.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, RF now has a Market Capitalization of 17.84B. As of this moment, Regions’s Price-to-Earnings (P/E) ratio for their current fiscal year is 9.22, and their Forward P/E ratio for the next fiscal year is 8.72. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.96 while its Price-to-Book (P/B) ratio in mrq is 1.14.
Stock Price History:
Over the past 52 weeks, RF has reached a high of $21.08, while it has fallen to a 52-week low of $13.72. The 50-Day Moving Average of the stock is 19.14, while the 200-Day Moving Average is calculated to be 18.22.
Shares Statistics:
Over the past 3-months, RF traded about 8.69M shares per day on average, while over the past 10 days, RF traded about 5.94M shares per day. A total of 922.34M shares are outstanding, with a floating share count of 916.16M. Insiders hold about 0.29% of the company’s shares, while institutions hold 81.13% stake in the company. Shares short for RF as of Mar 28, 2024 were 35.3M with a Short Ratio of 4.06, compared to 33.51M on Feb 29, 2024. Therefore, it implies a Short% of Shares Outstanding of 3.84% and a Short% of Float of 4.42%.
Dividends & Splits
RF’s forward annual dividend rate is 0.92, up from 0.88 a year ago. Against a Trailing Annual Dividend Yield of 4.47%, it implies a Forward Annual Dividend Yield of 4.95%. The stock’s 5-year Average Dividend Yield is 3.88. The current Payout Ratio is 41.77% for RF, which recently paid a dividend on Apr 01, 2024 with an ex-dividend date of Feb 29, 2024. Stock splits for the company last occurred on Jul 01, 2004 when the company split stock in a 12346:10000 ratio.
Earnings Estimates
Current recommendations for the stock of the company come from 22 analysts. On average, analysts expect EPS of $0.45 for the current quarter, with a high estimate of $0.49 and a low estimate of $0.4, while EPS last year was $0.62. The consensus estimate for the next quarter is $0.47, with high estimates of $0.51 and low estimates of $0.4.
Analysts are recommending an EPS of between $2.07 and $1.81 for the fiscal current year, implying an average EPS of $1.96. EPS for the following year is $2.2, with 24 analysts recommending between $2.39 and $1.86.
Revenue Estimates
18 analysts predict $1.75B in revenue for the current quarter. It ranges from a high estimate of $1.78B to a low estimate of $1.7B. As of the current estimate, Regions Financial Corp.’s year-ago sales were $1.96B, an estimated decrease of -10.90% from the year-ago figure. For the next quarter, 17 analysts are estimating revenue of $1.76B, a decrease of -10.00% over than the figure of -$10.90% in the same quarter last year. There is a high estimate of $1.78B for the next quarter, whereas the lowest estimate is $1.74B.
A total of 22 analysts have provided revenue estimates for RF’s current fiscal year. The highest revenue estimate was $7.23B, while the lowest revenue estimate was $7.02B, resulting in an average revenue estimate of $7.12B. In the same quarter a year ago, actual revenue was $7.58B, down -6.00% from the average estimate. Based on 22 analysts’ estimates, the company’s revenue will be $7.44B in the next fiscal year. The high estimate is $7.61B and the low estimate is $7.25B. The average revenue growth estimate for next year is up 4.40% from the average revenue estimate for this year.
