Regions Financial Corp (NYSE:RF) shares, rose in value on Thursday, February 13, with the stock price up by 0.25% to the previous day’s close as strong demand from buyers drove the stock to $24.05.
Actively observing the price movement in the last trading, the stock closed the session at $23.99. The PE ratio was 12.45 over 12-month period. Referring to stock’s 52-week performance, its high was $27.96, and the low was $17.61. On the whole, RF has fluctuated by 0.21% over the past month.
With the market capitalization of Regions Financial Corp currently standing at about $21.86 billion, investors are eagerly awaiting this quarter’s results, scheduled for in March. The company’s Forward Dividend Ratio is 0.98, with its dividend yield at 4.07%.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 7.57B, with a low estimate of 1.83B and a high estimate of 1.86B. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 1.84B.
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 50% Sell on average. However, medium-term indicators have put the stock in the category of 50% Buy while long-term indicators on average have been pointing out that it is a 50% Buy.
The stock’s technical analysis shows that the PEG ratio is about 1.51, with the price of RF currently trading nearly -1.49% and -1.68% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 45.85, while the 7-day volatility ratio is showing 1.66% which for the 30-day chart, stands at 2.03%. Furthermore, Regions Financial Corp (RF)’s beta value is 1.21, and its average true range (ATR) is 0.52.
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 0.25% in last session, and over the past year, it grew by 30.28%%.
Data on historical trading for Regions Financial Corp (NYSE:RF) indicates that the trading volumes over the past 3 months, they’ve averaged 7.85 million. According to company’s latest data on outstanding shares, there are 909.00 million shares outstanding.
Nearly 0.33% of Regions Financial Corp’s shares belong to company insiders and institutional investors own 79.71% of the company’s shares. The stock has risen by 2.25% 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.
