In the recent trading session, Regions Financial Corporation (NYSE:RF) shares gained 0.37% or 0.06 points to close at $16.41 with a thin trading volume of 3.14 million shares. It opened the trading session at $16.4, the shares rose to $16.45 and dropped to $16.3, the range by which the price of stock traded the whole session. The company now has a market cap of $16 billion and currently has 976.44 million outstanding shares. Regions Financial Corporation (RF) stock has plunged -3.82 percent of market value in 21 trading days.
RF stock’s trailing 3-year beta is 1.49, meaning there will be a greater rate of return, although posing a higher risk. The part of a firm’s profit given to each outstanding share of regular stock was $1.46 share in the trailing 52 weeks. The stock’s value fallen -4.72 percent year to date (YTD) compared to a rise of 11.15 percent in 52 week’s period. The firm’s shares are still trading -6.44 percent below its 1-year high of $17.54 and 22.65 percent up from 52-week low of $13.38. The average consensus ranking on the company is 2.4, on a ranging where 5 is equal to a consensus sell rating. In other words, the mean analyst recommendations are ranking this stock as a sell.
Regions Financial Corporation (RF) is most likely going to rise 11.64 percent in the coming 12 months, as per price target approximations compiled by finviz. Nevertheless, they have set the price target at a $21 as 12-month high price target. This represents a whopping 27.97 percent increase from the current trading price of shares. The 52-week median price target given by the analysts is $18, which means a return possibility of 9.69 percent in comparison with the closing price of the stock of $16.41 in recent trading session. The lowest price set for the stock is $17 which is just above 3.6 percent from RF share’s price at the end of session.
Past records have indicated that shares in Regions Financial Corporation rose on 24 different earnings reaction days and we have yet to see whether this trend will play out and remain in place when the company reports upcoming earnings. Investors will get the next hint of RF’s Q4 earnings on January 17. Analysts are predicting revenue to climb 1.7 percent to $1.48B in the financial fourth quarter, while EPS will soar by about 5.41 percent to $0.39 per share. In the last quarter, it’s earnings of $0.3925 per share came better than the $0.39085, adjusted, expected by Thomson Reuters consensus estimate. Revenue for the quarter was $1.51B, topping the $1.48B analysts had expected. Earnings are seen to rise by 28.8 percent this year, 7.19 percent in the coming year and the trend continues by 8.35 percent every year in the next 5 years.
Let’s take a glimpse at some insider activity at Regions Financial Corporation (NYSE:RF) and observe the pattern. The earliest insider trade happened on 11/26/2019. Keenan David R. parted with a total of 30.66 thousand shares of the firm at average share price of $16.65. The total amount for the sale was set at $510.46 thousand. On completing this exchange, the SEVP account balance was 65.43 thousand shares. The stock lost -1.44 percent from that insider sale. On 10/24/2019, KIMBROUGH HARDIE B. JR, Controller, did a sale of 18.41 thousand shares at a price of $16.27 per share. This got rid of 299.51 thousand shares from the insider’s fortune and the stock experienced a 0.86 percent rally in price since the news became public. This exchange saw 22.62 thousand shares get out from the Controller account.
On 09/13/2019, SEVP & CRO Lusco C. Matthew recorded a sale transaction valued at $328.6 thousand. The sale at $16.43 a share has eliminated 20 thousand shares from the insider’s portfolio position. Meanwhile, shares price witnessed -0.12 percent decrease since the transaction reporting date. The company insider is left with 177.22 thousand shares remaining in the account. Herron C. Keith, who works as SEVP at the company, performed a sale of 69.29 thousand shares in a transaction worth $1.01 million. The disposal recorded on 08/29/2019 was priced at $14.51 per share. The stock price soared 13.09 percent since the transaction. Herron C. Keith currently holds a stake of 195.85 thousand in RF stock which is worth $3.21 million after the insider selling.
The stock is lingering around the initial support level of $16.23. After this, the following support is at the zone of $16.12. Up until the time the RF stock hit levels beyond the current one, bulls should have no alarm. In terms of its momentum, the stock’s RSI hit 37.98 on the daily chart, and this may be a cause for comfort. In case the price goes below $16.12 level on closing basis, there may be more profit booking with the stock growing weaker. Still, getting to the $16.52 level may cause a pull-back move approaching $16.7 mark.
Regions Financial Corporation (RF) shares are trading at a P/E ratio of 11.17 times earnings posted in the trailing 12 months. The industry RF deals with has an average P/E of 13.91. Its P/B ratio is standing at 1.13X compared to the 1.52 industry average. It is additionally sporting a 2.27 on the Price-to-Sales ratio, compared to the industry’s P/S average of 0.49.