RF) stock is up 45.54%, a prediction for what could come next – Marketing Sentinel
In the recent session, Regions Financial Corporation (NYSE: RF) traded shares were at 3.56 million, with the company’s beta value reaching 1.53. As of the last check today, the stock price was $ 19.17, reflecting an intraday gain of 1.08% or $ 0.21. The 52-week high for RF stock is $ 23.81, which puts it down -24.2 from that high, although there remains a striking 45.54% gain since the stock price fell to a 52-week low at $ 10.44. The company’s market capitalization is $ 18.92 billion and the average intraday trading volume over the past 10 days was 8.89 million shares and the average trading volume was 7.36 million. actions in the past three months.
Regions Financial Corporation (RF) received a consensus recommendation of overweighting from analysts. This translates to an average score of 2.20. RF has a sell rating of 2 out of 26 analyst (s) who have reviewed this stock. 10 analysts recommend holding the stock while one suggests an overweighting and 13 recommend a buy rating for it. 0 analyst (s) have rated the underweight stock. The company’s earnings per share (EPS) for the current quarter is expected to be $ 0.51.
Regions Financial Corporation (RF) was up 1.08% in the last session and traded in the red for the last 5 sessions. The stock climbed 1.08% in intraday trading to $ 19.17 on Thursday 7/22/21, hitting a weekly high. The 5-day share price performance is -3.90%, and it has moved -4.63% in 30 days. Based on these concerts, the overall price performance for the year is 75.56%. The short interest in Regions Financial Corporation (NYSE: RF) is 16.58 million shares and that means the shorts have 2.56 day (s) to cover.
The Wall Street analysts’ consensus price target is $ 23.21, which implies a 17.41% increase in the stock’s current value. The extremes of the forecast result in a low target price and a high target price of $ 18.00 and $ 28.00 respectively. As a result, RF is trading at a discount of -46.06% from the high target and 6.1% from the low.
Estimates and forecasts from the Financial Society of the Regions (RF)
Statistics show that Regions Financial Corporation has outperformed its competitors in terms of stock prices, relative to the industry in which it operates. Shares of Regions Financial Corporation (RF) have risen 6.58% in the past six months, with an above-average annual growth rate of 106.73% from 23.20. Still, analysts are raising their growth forecast for fiscal 2021. Revenue is expected to rise 304.00% this quarter, then drop -3.80% the following quarter. In the projections of the rating agencies, the turnover will decrease by -0.20% compared to the previous year.
Revenue for the current quarter is expected to reach $ 1.55 billion, as predicted by 9 analysts. Meanwhile, a consensus of 9 analysts estimate revenue growth at $ 1.54 billion by the end of September 2021.
An analysis of the company’s performance over the past 5 years shows that the company’s profits have increased by around 6.30%. While profits are expected to reach -31.50% in 2021, the next five years will yield 44.80% per year.
Regions Financial Corporation is due to release its next quarterly results on July 23. However, it is important to remember that the dividend yield ratio is only an indicator intended only to serve as a guide. Investors should also consider other fundamental and operational aspects before investing in the security. The forward dividend ratio for Regions Financial Corporation is 0.62, with a dividend yield of 3.27%, continuing the trend of increasing dividends in recent years. The average dividend yield of the company over the past 5 years is 3.01%.
Major Holders of Regions Financial Corporation (NYSE: RF)
Regions Financial Corporation insiders own 0.46% of the total outstanding shares while institutional holders control 76.02%, with a free float percentage of 76.37%. Vanguard Group, Inc. (The) is the company’s largest shareholder, while 1,063 institutions own shares. As of March 30, 2021, the company owned more than 113.67 million shares (or 11.82% of all shares), with a total value of $ 2.35 billion in shares.
The second largest institutional stake, with 82.71 million shares, is that of Blackrock Inc. which represents approximately 8.60% of the outstanding shares. At market price on March 30, 2021, these shares were valued at $ 1.71 billion.
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Additionally, the leading mutual funds with the largest holdings of Regions Financial Corporation (RF) stocks are the Vanguard Total Stock Market Index Fund and the Vanguard Mid-Cap Index Fund. Data provided on March 30, 2021 indicates that Vanguard Total Stock Market Index Fund holds approximately 27.13 million shares. This represents just over 2.82% of the company’s overall shares, with a market value of $ 560.57 million. The same data shows the other fund manager owns slightly less at $ 21.57 million, or about 2.24% of the stock, which is worth around $ 445.61 million.