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Is Now An Ideal Time To Purchase Regions Financial Corporation NYSE: RF Stock?

regions financial stock price

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  • BIRMINGHAM, Ala.–(BUSINESS WIRE)–Regions Financial Corp. announced the company will release its second quarter 2023 financial results on Friday, July 21.
  • Data are provided ‘as is’ for informational purposes only and are not intended for trading purposes.
  • It has shied away from dramatic acquisitions since and has improved its risk-management and underwriting capabilities, becoming a safer bank in the process.
  • Unique to Barchart.com, Opinions analyzes a stock or commodity using 13 popular analytics in short-, medium- and long-term periods.

Regions Financial is a regional bank headquartered in Alabama, with branches primarily in the Southeastern and Midwestern United States. Regions primarily provides traditional commercial and retail banking and also offers mortgage services, asset-management, wealth-management, securities brokerage, and trust services. The insiders hold 0.24% of the company’s shares while institutions hold 77.50%.

At the center of everything we do is a strong commitment to independent research and sharing its profitable discoveries with investors. This dedication to giving investors a trading advantage led to the creation of our proven Zacks Rank stock-rating system. Since 1988 it has more than doubled the S&P 500 with an average gain of +24.32% per year. These returns cover a period from January 1, 1988 through July 31, 2023. Zacks Rank stock-rating system returns are computed monthly based on the beginning of the month and end of the month Zacks Rank stock prices plus any dividends received during that particular month.

What is Regions Financial Corp’s stock style?

BIRMINGHAM, Ala.–(BUSINESS WIRE)–Regions Financial Corp. announced an increase in its quarterly common dividend and declared cash dividends on Series B, C, D and E preferred shares. Ratings agency Moody’s on Monday downgraded several mid-sized U.S. banks, warning that the credit strength of lenders will likely be tested by funding risks and weaker profits. As an investor, you want to buy stocks with the highest probability of success. That means you want to buy stocks with a Zacks Rank #1 or #2, Strong Buy or Buy, which also has a Score of an A or a B in your personal trading style. Data are provided ‘as is’ for informational purposes only and are not intended for trading purposes. Data may be intentionally delayed pursuant to supplier requirements.

The Style Scores are a complementary set of indicators to use alongside the Zacks Rank. It allows the user to better focus on the stocks that are the best fit for his or her personal trading style. The company is scheduled to release its next quarterly earnings announcement on Friday, October 20th 2023. Regions Financial’s stock was trading at $21.56 at the beginning of 2023. Since then, RF stock has decreased by 17.2% and is now trading at $17.86. RF’s beta can be found in Trading Information at the top of this page.

Here’s What We Like About Regions Financial’s (NYSE:RF) Upcoming Dividend – Yahoo Finance

Here’s What We Like About Regions Financial’s (NYSE:RF) Upcoming Dividend.

Posted: Sat, 26 Aug 2023 07:00:00 GMT [source]

What you need to know… The S&P 500 Index ($SPX ) (SPY ) Tuesday closed down -0.28%, the Dow Jones Industrials Index ($DOWI ) (DIA ) closed down -0.51%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) closed… Now regulators are taking steps to protect depositors that could put even more pressure on midsize banks’ bottom lines. Regions Financial Corp. closed $6.41 below its 52-week high ($24.33), which the company achieved on February 2nd. Get stock recommendations, portfolio guidance, and more from The Motley Fool’s premium services. BIRMINGHAM, Ala.–(BUSINESS WIRE)–Regions Financial Corporation on Friday announced an upcoming change to the reference rate for certain preferred stock.

Bank stocks rise ahead of Fed stress test results as analyst sees ‘relatively calm’ outcome

It has shied away from dramatic acquisitions since and has improved its risk-management and underwriting capabilities, becoming a safer bank in the process. Regions also boasts one of the more advantaged deposit bases under our coverage, with lower costs leading to extra profitability. Dividend yield shows how much a company pays its green shoe option meaning shareholders in dividends annually per dollar invested. It reflects how much an investor will earn aside from any capital gains in the stock. The U.S. Federal Reserve has warned regional banks about stricter liquidity requirements in a fresh regulatory push that will impact 2024 earnings of six affected banks, an analyst at J.P.

regions financial stock price

This is a positive change from the stock’s previous quarterly dividend of $0.20. Looking further, we note the current price level is -5.06% off its SMA20 and -6.94% from its 50-day simple moving average. The RSI (14) is pointing at 35.12 while the volatility over the past week is 2.50% and jumps to 2.19% over the past one month. The beta value is 1.21, while the average true range (ATR) is currently pointing at 0.45. Analysts tracking the company’s growth have also given it a consensus growth in revenue estimated at $1.89 billion, with a low of $1.87 billion and a high of $1.94 billion.

Regions Financial Corporation has a market cap of $16.74 billion. With its Forward Dividend at 0.96 and a yield of 5.34%, the company’s investors could be anxious for the RF stock to gain ahead of the earnings release. Estimates by analysts give the company expected earnings per share (EPS) of $0.58, with the EPS growth for the year raised at $2.35 for 2023 and $2.24 for next year. These figures represent 4.90% and -4.70% growth in EPS for the two years respectively.

Smaller banks will have to consider ‘open bank deals’, consolidation amid banking shakeups: Analyst

A stock’s beta measures how closely tied its price movements have been to the performance of the overall market. Highlights important summary options statistics to provide a forward looking indication of investors’ sentiment. The bank has greatly strengthened its balance sheet and just reported excellent quarterly results in a difficult environment. BIRMINGHAM, Ala.–(BUSINESS WIRE)–Regions Financial Corp. reported earnings for the second quarter ended June 30, 2023.

Brookfield Corp ON Increases Stake in Regions Financial Co. and … – Best Stocks

Brookfield Corp ON Increases Stake in Regions Financial Co. and ….

Posted: Tue, 12 Sep 2023 22:07:12 GMT [source]

A list of high-yielding dividend stocks to consider buying now. BIRMINGHAM, Ala.–(BUSINESS WIRE)–The Regions Financial Corp. Board of Directors declared cash dividends on common shares and Series B, C, D and E preferred shares. Regions Financial Corp first-quarter profit rose less than expected as the bank set aside more capital to withstand potential loan losses, which countered the gains from higher interest rates. BIRMINGHAM, Ala.–(BUSINESS WIRE)–Regions Financial Corp. announced the company will release its second quarter 2023 financial results on Friday, July 21.

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The Barchart Technical Opinion widget shows you today’s overally Barchart Opinion with general information on how to interpret the short and longer term signals. Unique to Barchart.com, Opinions analyzes a stock or commodity using 13 popular analytics in short-, medium- and long-term periods. Results are interpreted as buy, sell or hold signals, each with numeric ratings and summarized with an overall percentage buy or sell rating. After each calculation the program assigns a Buy, Sell, or Hold value with the study, depending on where the price lies in reference to the common interpretation of the study. For example, a price above its moving average is generally considered an upward trend or a buy. There have been no upward and no downward revisions for the stock’s EPS in last 7 days, something that reflects the nature of company’s price movement in short term.

John Turner has an approval rating of 83% among the company’s employees. Sign-up to receive the latest news and ratings for Regions Financial and its competitors with MarketBeat’s FREE daily newsletter. MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

High-growth stocks tend to represent the technology, healthcare, and communications sectors. They rarely distribute dividends to shareholders, opting for reinvestment in their https://1investing.in/ businesses. More value-oriented stocks tend to represent financial services, utilities, and energy stocks. These are established companies that reliably pay dividends.

  • View analysts price targets for RF or view top-rated stocks among Wall Street analysts.
  • BIRMINGHAM, Ala.–(BUSINESS WIRE)–Regions Financial Corp. reported earnings for the second quarter ended June 30, 2023.
  • Regions also boasts one of the more advantaged deposit bases under our coverage, with lower costs leading to extra profitability.

On average, they anticipate the company’s stock price to reach $23.03 in the next year. This suggests a possible upside of 28.9% from the stock’s current price. View analysts price targets for RF or view top-rated stocks among Wall Street analysts.

Provides a general description of the business conducted by this company. Long term indicators fully support a continuation of the trend. What you need to know… The S&P 500 Index ($SPX ) (SPY ) Tuesday closed down -1.16%, the Dow Jones Industrials Index ($DOWI ) (DIA ) closed down -1.02% and the Nasdaq 100 Index ($IUXX ) (QQQ ) closed…

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The median projection represents growth squeezing down to 4.60% compared to sales growth for the corresponding quarter a year ago. According to analyst consensus estimates figures, the company’s yearly revenue forecast for 2023 is expected to hit $7.68 billion, or 6.50% up from figures reported last year. Style is an investment factor that has a meaningful impact on investment risk and returns. Style is calculated by combining value and growth scores, which are first individually calculated. The Barchart Technical Opinion rating is a 56% Sell with a Average short term outlook on maintaining the current direction.

According to 14 analysts, the average rating for RF stock is “Buy.” The 12-month stock price forecast is $23.13, which is an increase of 29.51% from the latest price. RF, +1.65% reported Friday second-quarter profit that was in line with expectations as revenue rose slightly above views, and as deposits dropped more than 8%. These 10 simple stocks can help beginning investors build long-term wealth without knowing options, technicals, or other advanced strategies. RF to hold from buy and cut the financial stock’s price target to $20 from $21. Truist analyst Brandon King said the firm is better able to withstan… You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer.

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RF, -1.72% said it grew its profit by 12% as deposits remained stable despite turmoil in the banking sector during the quarter. Inflation plus rising interest rates on your variable debt may be putting the squeeze on your budget. Over the long term, investing in quality high yield dividend stocks remain one of the most effecti…