Regions Financial Corp. (NYSE:RF) shares, rose in value, with the stock price up by 0.80% to the previous day’s close as strong demand from buyers drove the stock to $24.06.
Actively observing the price movement in the last trading, the stock closed the session at $23.87, falling within a range of $23.84 and $24.445. The value of beta (5-year monthly) was 1.186 whereas the PE ratio was 13.58 over 12-month period. Referring to stock’s 52-week performance, its high was $24.47, and the low was $13.95. On the whole, RF has fluctuated by 6.74% over the past month.
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With the market capitalization of Regions Financial Corp. currently standing at about $21.92 billion, investors are eagerly awaiting this quarter’s results, scheduled for in November. The company’s Forward Dividend Ratio is 0.97, with its dividend yield at 4.03%.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 7.21B, with a low estimate of 1.82B and a high estimate of 1.89B. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 1.86B.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that RF’s technical picture suggests that short-term indicators denote the stock is a 100% Buy on average. However, medium-term indicators have put the stock in the category of 100% Buy while long-term indicators on average have been pointing out that it is a 100% Buy.
The stock’s technical analysis shows that the PEG ratio is about 4.09, with the price of RF currently trading nearly 2.34% and 4.59% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 61.84, while the 7-day volatility ratio is showing 2.21% which for the 30-day chart, stands at 2.12%. Furthermore, Regions Financial Corp. (RF)’s beta value is 1.19, and its average true range (ATR) is 0.54.
A comparison of Regions Financial Corp. (RF) with its peers suggests the former has fared considerably weaker in the market. RF showed an intraday change of 0.80% in last session, and over the past year, it grew by 69.20%%.
Data on historical trading for Regions Financial Corp. (NYSE:RF) indicates that the trading volumes over the past 10 days have averaged 8.7 and over the past 3 months, they’ve averaged 7.26 million. According to company’s latest data on outstanding shares, there are 922.34 million shares outstanding.
Nearly 0.32% of Regions Financial Corp.’s shares belong to company insiders and institutional investors own 80.81% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 36.4 million shares as on 2024-10-15, resulting in a short ratio of 5.17. According to the data, the short interest in Regions Financial Corp. (RF) stood at 460.00 of shares outstanding as of 2024-10-15; the number of short shares registered in 2024-09-13 reached 37.66 million. The stock has risen by 24.15% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the RF stock heading into the next quarter.
