Regions Financial Corporation (NYSE:RF) changes shares on Tuesday trading session, with a change of -0.56% or -$0.06 shares. The trading starts at $10.76 and closed at $10.76 throughout the day. The trading session low price was $10.66 and day high was $10.8361 on Tuesday, August 04. After the session, the Financial sector daily volume shifted to 6.31 million while its average volume is 11.18M. In other hand, the RF market cap reached to $10.16B. While, its current target price is $12.51.
On March 20, 2020, BRIEF-Regions Bank Announces Special Financial Assistance Amid Coronavirus Concerns Regions Foundation Grants To Support Small-Business Assistance. According to the news reported on Reuters, * REGIONS BANK ANNOUNCES SPECIAL FINANCIAL ASSISTANCE AMID CORONAVIRUS CONCERNS; REGIONS FOUNDATION GRANTS TO SUPPORT SMALL-BUSINESS ASSISTANCE
Checking out the performance report which defines the increase or decrease of prices for a specific period. For the last 5 trading sessions, its performance is up 1.52% and down -0.93% for month. Its quarterly performance was 7.21% above, while its half year performance is down -34.19%. RF yearly performance stood at negative -26.51% and fall -37.65% for year-to-date. Current recommendation for Regions Financial Corporation is 2.30.
Earnings per share or EPS is an important financial measure, which defines the profitability of a company. RF EPS (TTM) for 12-month is 0.67. EPS for this year is 13.00%, while for the next year its value is 1.22. Its EPS Q/Q reached -60.70%. It has an EPS of 14.00% up for past five years.
Let’s take a look on the analyst recommendations on RF for the current month and previous month. For the current month, 12 of 27 analysts recommend stock as Buy while 1 as Sell, 2 as overweight, 0 as underweight and 12 as Hold. As compared with the previous month ratings, 26 analysts participate in stock recommendation. Out of 26, 1 rated it sell, 11 rated it as Buy and 12 as Hold Ratings. On the other hand, target price ranges from $10.50 – $16.00. Average target price for RF was reached at $12.63.
Vanguard Group, Inc. (The), Blackrock Inc. and State Street Corporation are the top three holders in Regions Financial Corporation (RF) stock. On Mar 30, 2020, Vanguard Group, Inc. (The) has 124.65 million shares which valued 1.12 billion. On Mar 30, 2020, Blackrock Inc. owned 70.83 million shares which valued at 635.3 million. On Mar 30, 2020, State Street Corporation has a total of 51.33 million shares which valued at 460.44 million. In the end, State Street Corporation have 5.35% shares outstanding of Regions Financial Corporation (RF) on Mar 30, 2020. The insider ownership moved to 0.20% and institutional holding shifted to 77.00%.
The company posted an EPS (TTM) of 0.67. According to the most recent quarter report on (Sep 2020), 24 analysts estimated an average EPS of 0.3, while 0.39 EPS posted a year ago period. Analyst Estimated EPS for RF published in the report was $0.13 – $0.41 during the same period. Comparing with last year, the average estimated EPS was 0.39 which is higher than -0.25 which was posted for recent quarter EPS.
A brief look on simple moving average (SMA) that determines the market price can impact a market. The SMA for RF fall -19.34% for period of 200 days. SMA for 50 days was -5.40% which is showing red signal, while SMA-20 was 1.10%. The moving average value for Regions Financial Corporation (RF) is 11.64 and 10.95 for 200 and 50 days respectively.
Let’s take a look on the insider transactions, in which multiple shareholders are showing interest in RF stock. On May 11, SUQUET JOSE S, Director, bought 10,000 trading shares at the cost of $9.88, which valued at 98789.0. On May 08, SUQUET JOSE S, Director, bought 5,000 shares at the cost of $10.21, with total shares of 41,527. On Nov 26, Keenan David R., SEVP, sold 30,658 shares at the cost of 16.65. After this transaction, Keenan David R. total shares reached to 96,990 which valued at 0.51 million.