The price of Regions Financial Corporation (NYSE:RF) shares last traded on Wall Street fell -0.11% to $17.96.
Based on available information, 29 analysts follow Regions Financial Corporation (NYSE:RF). The consensus rating among analysts is ‘Overweight’. As we calculate the median target price by taking the range between a high of $26.00 and a low of $19.00, we find $22.00. Given the previous closing price of $17.98, this indicates a potential upside of 22.36 percent. RF stock price is now -7.00% away from the 50-day moving average and -9.47% away from the 200-day moving average. The market capitalization of the company currently stands at $16.87B.
Top 5 Artificial Intelligence Stocks to Buy for 2024
By now, you're well aware of the artificial intelligence boom. You know Big Tech has been investing billions of dollars into it.
According to Next Move Strategy Consulting, the AI market – currently valued at about $100 billion – cold grow twenty-fold by 2030 to more than $2 trillion. That means you may want to strongly consider these top AI stocks. Get our free report, "Top 5 AI Stocks to Buy in 2024."
Click here to automatically get the our FREE Report & Special Offer "5 Best AI Stocks to Invest In"
Sponsored
Among analysts, 14 rate the stock a hold while 14 rate it a buy. Brokers who have rated the stock have averaged $21.96 as their price target over the next twelve months.
With the price target reduced from $21 to $20, Truist Downgraded its rating from Buy to Hold for Regions Financial Corporation (NYSE: RF).
In other news, Smith Ronald G., SEVP sold 10,000 shares of the company’s stock on Aug 07. The stock was sold for $209,300 at an average price of $20.93. Upon completion of the transaction, the SEVP now directly owns 281,151 shares in the company, valued at $5.05 million. An SEC document containing details of the transaction can be found on the SEC’s website. On May 17, Director Hill J Thomas bought 11,926 shares of the business’s stock. A total of $200,134 was incurred on buying the stock at an average price of $16.78. This leaves the insider owning 23,107 shares of the company worth $0.42 million. Insiders disposed of 625,468 shares of company stock worth roughly $11.23 million over the past 1 year. A total of 0.24% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in RF stock. A new stake in Regions Financial Corporation shares was purchased by EPOCH INVESTMENT PARTNERS, INC. during the first quarter worth $57,251,000. HOLOCENE ADVISORS, LP invested $53,746,000 in shares of RF during the first quarter. In the first quarter, WALLEYE CAPITAL LLC acquired a new stake in Regions Financial Corporation valued at approximately $19,450,000. MARSHALL WACE, LLP acquired a new stake in RF for approximately $8,023,000. POINT72 EUROPE (LONDON) LLP purchased a new stake in RF valued at around $7,574,000 in the second quarter. In total, there are 1,161 active investors with 77.50% ownership of the company’s stock.
A candlestick chart of Regions Financial Corporation (NYSE: RF) showed a price of $17.80 on Friday morning. During the past 12 months, Regions Financial Corporation has had a low of $13.94 and a high of $24.33. The fifty day moving average price for RF is $19.31 and a two-hundred day moving average price translates $19.82 for the stock.
The latest earnings results from Regions Financial Corporation (NYSE: RF) was released for Jun, 2023. According to the Banks – Regional Company, earnings per share came in at $0.59, inline with analysts’ expectations of $0.59. This compares to $0.59 EPS in the same period last year. The net profit margin was 35.20% and return on equity was 15.20% for RF. The company reported revenue of $1.74 billion for the quarter, compared to $1.16 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 50.56 percent. For the current quarter, analysts expect RF to generate $1.89B in revenue.
Moreover, the firm recently paid out its quarterly dividend on 10/02/2023. Investors who held shares on 09/01/2023 were paid a $0.24 dividend. On an annualized basis, this represents a $0.96 dividend and a 5.35% percent yield. There was an ex-dividend date of 08/31/2023 for this dividend. In terms of dividend payout ratio, RF is presently at 32.60%.
