Regions Financial Corp. (NYSE: RF)’s stock price has plunge by -0.80relation to previous closing price of 23.82. Nevertheless, the company has seen a -0.92% plunge in its stock price over the last five trading sessions. seekingalpha.com reported 2024-10-18 that Regions Financial Corporation (NYSE:RF ) Q3 2024 Earnings Conference Call October 18, 2024 10:00 AM ET Company Participants Dana Nolan – Executive Vice President, Investor Relations John Turner – Chairman, President and Chief Executive Officer David Turner – Senior Executive Vice President, Chief Financial Officer Conference Call Participants Scott Siefers – Piper Sandler John Pancari – Evercore Ebrahim Poonawala – Bank of America Erika Najarian – UBS Matt O’Connor – Deutsche Bank Betsy Graseck – Morgan Stanley Operator Good morning and welcome to the Regions Financial Corporation’s Quarterly Earnings Call. My name is Christine and I’ll be your operator for today’s call.
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 13.34x. The 36-month beta value for RF is also noteworthy at 1.19. There are mixed opinions on the stock, with 4 analysts rating it as a “buy,” 1 rating it as “overweight,” 19 rating it as “hold,” and 2 rating it as “sell.”
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The public float for RF is 912.23M, and at present, short sellers hold a 4.37% of that float. The average trading volume of RF on October 22, 2024 was 7.52M shares.
RF’s Market Performance
The stock of Regions Financial Corp. (RF) has seen a -0.92% decrease in the past week, with a 2.25% rise in the past month, and a 5.54% gain in the past quarter. The volatility ratio for the week is 2.44%, and the volatility levels for the past 30 days are at 2.19% for RF. The simple moving average for the past 20 days is 1.97% for RF’s stock, with a 16.24% simple moving average for the past 200 days.
Analysts’ Opinion of RF
Many brokerage firms have already submitted their reports for RF stocks, with Wedbush repeating the rating for RF by listing it as a “Outperform.” The predicted price for RF in the upcoming period, according to Wedbush is $28 based on the research report published on September 24, 2024 of the current year 2024.
Citigroup, on the other hand, stated in their research note that they expect to see RF reach a price target of $23, previously predicting the price at $20. The rating they have provided for RF stocks is “Buy” according to the report published on March 18th, 2024.
RF Trading at 4.33% 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 unable to rebound, for now settling with -3.43% of loss for the given period.
Volatility was left at 2.19%, however, over the last 30 days, the volatility rate increased by 2.44%, as shares surge +3.14% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +13.99% upper at present.
During the last 5 trading sessions, RF fell by -0.92%, which changed the moving average for the period of 200-days by +24.57% in comparison to the 20-day moving average, which settled at $23.17. In addition, Regions Financial Corp. saw 21.93% 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 Ritter William D., who sale 23,000 shares at the price of $19.95 back on May 03 ’24. After this action, Ritter William D. now owns 41,671 shares of Regions Financial Corp., valued at $458,742 using the latest closing price.
RHODES WILLIAM C III, the Director of Regions Financial Corp., purchase 50,000 shares at $19.37 during a trade that took place back on Apr 23 ’24, which means that RHODES WILLIAM C III is holding 50,000 shares at $968,500 based on the most recent closing price.
Stock Fundamentals for RF
Current profitability levels for the company are sitting at:
- -0.08 for the present operating margin
- 1.0 for the gross margin
The net margin for Regions Financial Corp. stands at 0.23. The total capital return value is set at -0.01. Equity return is now at value 10.06, with 1.13 for asset returns.
Based on Regions Financial Corp. (RF), the company’s capital structure generated 0.25 points at debt to capital in total, while cash flow to debt ratio is standing at 0.42. The debt to equity ratio resting at 0.33. The interest coverage ratio of the stock is -0.27.
Currently, EBITDA for the company is 2.61 billion with net debt to EBITDA at -2.01. When we switch over and look at the enterprise to sales, we see a ratio of 2.47. The receivables turnover for the company is 12.46for 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 0.11.
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.
