Regions Financial Corp (NYSE: RF) on Friday, soared 2.59% from the previous trading day, before settling in for the closing price of $23.17. Within the past 52 weeks, RF’s price has moved between $17.42 and $27.96.
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Annual sales at Financial sector company grew by 7.68% over the past five years. The company achieved an average annual earnings per share of -9.87%. With a float of $906.03 million, this company’s outstanding shares have now reached $910.57 million.
Let’s look at the performance matrix of the company that is accounted for 20101 employees. In terms of profitability, gross margin is 107.82%, operating margin of -7.34%, and the pretax margin is 28.88%.
Regions Financial Corp (RF) Insider Updates
Observing investor behavior towards Banks – Regional industry stocks is more important than anything else. The insider ownership of Regions Financial Corp is 0.31%, while institutional ownership is 79.70%. The most recent insider transaction that took place on May 03 ’24, was worth 458,742. In this transaction SEVP of this company sold 23,000 shares at a rate of $19.95, taking the stock ownership to the 41,671 shares. Before that another transaction happened on Apr 23 ’24, when Company’s Director bought 50,000 for $19.37, making the entire transaction worth $968,500. This insider now owns 50,000 shares in total.
Regions Financial Corp (RF) Performance Highlights and Predictions
Wall Street market experts anticipate that the next fiscal year will bring earnings of 0.51 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around -9.87% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 4.04% during the next five years compared to 6.49% growth over the previous five years of trading.
Regions Financial Corp (NYSE: RF) Trading Performance Indicators
Regions Financial Corp (RF) is currently performing well based on its current performance indicators. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 2.41. Likewise, its price to free cash flow for the trailing twelve months is 8.44.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 1.77, a number that is poised to hit 0.55 in the next quarter and is forecasted to reach 2.28 in one year’s time.
Technical Analysis of Regions Financial Corp (RF)
Regions Financial Corp (NYSE: RF) saw its 5-day average volume 12.46 million, a positive change from its year-to-date volume of 7.97 million. As of the previous 9 days, the stock’s Stochastic %D was 10.28%. Additionally, its Average True Range was 0.63.
During the past 100 days, Regions Financial Corp’s (RF) raw stochastic average was set at 48.14%, which indicates a significant increase from 20.82% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 27.41% in the past 14 days, which was lower than the 28.96% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $25.13, while its 200-day Moving Average is $21.78. Nevertheless, the first resistance level for the watch stands at $24.11 in the near term. At $24.45, the stock is likely to face the second major resistance level. The third major resistance level sits at $25.00. If the price goes on to break the first support level at $23.22, it is likely to go to the next support level at $22.67. Assuming the price breaks the second support level, the third support level stands at $22.33.
Regions Financial Corp (NYSE: RF) Key Stats
Market capitalization of the company is 22.16 billion based on 908,864K outstanding shares. Right now, sales total 9,153 M and income totals 2,074 M. The company made 2,392 M in profit during its latest quarter, and 490,000 K in sales during its previous quarter.
