The stock of Regions Financial Corp. (NYSE: RF) has increased by 1.74 when compared to last closing price of 20.68.Despite this, the company has seen a gain of 4.42% in its stock price over the last five trading days. Zacks Investment Research reported 2024-03-19 that Regions Financial (RF) benefits from consistent growth in loan balances and strategic buyouts. However, rising expenses and lack of loan portfolio diversification are major headwinds.
Is It Worth Investing in Regions Financial Corp. (NYSE: RF) Right Now?
The price-to-earnings ratio for Regions Financial Corp. (NYSE: RF) is above average at 9.99x. The 36-month beta value for RF is also noteworthy at 1.22. There are mixed opinions on the stock, with 5 analysts rating it as a “buy,” 3 rating it as “overweight,” 18 rating it as “hold,” and 1 rating it as “sell.”
The public float for RF is 916.44M, and at present, short sellers hold a 3.89% of that float. The average trading volume of RF on April 01, 2024 was 8.95M shares.
RF’s Market Performance
The stock of Regions Financial Corp. (RF) has seen a 4.42% increase in the past week, with a 13.30% rise in the past month, and a 7.68% gain in the past quarter. The volatility ratio for the week is 2.04%, and the volatility levels for the past 30 days are at 2.25% for RF. The simple moving average for the last 20 days is 8.07% for RF’s stock, with a simple moving average of 16.25% for the last 200 days.
Analysts’ Opinion of RF
Many brokerage firms have already submitted their reports for RF stocks, with Citigroup repeating the rating for RF by listing it as a “Buy.” The predicted price for RF in the upcoming period, according to Citigroup is $23 based on the research report published on March 18, 2024 of the current year 2024.
Jefferies gave a rating of “Buy” to RF, setting the target price at $22 in the report published on January 09th of the current year.
RF Trading at 11.51% from the 50-Day Moving Average
After a stumble in the market that brought RF to its low price for the period of the last 52 weeks, the company was able to rebound, for now settling with 0.10% of gains for the given period.
Volatility was left at 2.25%, however, over the last 30 days, the volatility rate increased by 2.04%, as shares surge +12.94% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +17.28% upper at present.
During the last 5 trading sessions, RF rose by +4.42%, which changed the moving average for the period of 200-days by +15.41% in comparison to the 20-day moving average, which settled at $19.59. In addition, Regions Financial Corp. saw 8.57% in overturn over a single year, with a tendency to cut further gains.
Insider Trading
Reports are indicating that there were more than several insider trading activities at RF starting from Lusco C. Matthew, who sale 28,617 shares at the price of $17.47 back on Dec 08 ’23. After this action, Lusco C. Matthew now owns 103,307 shares of Regions Financial Corp., valued at $499,839 using the latest closing price.
Smith Ronald G., the SEVP of Regions Financial Corp., sale 10,000 shares at $20.93 during a trade that took place back on Aug 07 ’23, which means that Smith Ronald G. is holding 281,151 shares at $209,300 based on the most recent closing price.
Stock Fundamentals for RF
Current profitability levels for the company are sitting at:
- 1.0 for the gross margin
The net margin for Regions Financial Corp. stands at 0.3. Equity return is now at value 12.43, with 1.35 for asset returns.
Based on Regions Financial Corp. (RF), the company’s capital structure generated 0.12 points at debt to capital in total, while cash flow to debt ratio is standing at 0.93.
Currently, EBITDA for the company is 2.61 billion with net debt to EBITDA at -1.21. When we switch over and look at the enterprise to sales, we see a ratio of 2.23. The receivables turnover for the company is 11.23for trailing twelve months and the total asset turnover is 0.05. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.07.
Conclusion
In summary, Regions Financial Corp. (RF) has had a better performance as of late. Analysts have bullish opinions on the stock, with some viewing it as a “buy” and others as a “hold”. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
