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.
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- Highlights important summary options statistics to provide a forward looking indication of investors’ sentiment.
- Style is calculated by combining value and growth scores, which are first individually calculated.
- The beta value is 1.21, while the average true range (ATR) is currently pointing at 0.45.
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.
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RF’s historical performance
against its industry peers and the overall market. Morningstar analysts hand-select direct competitors or comparable companies to
provide context on the strength and durability of RF’s
competitive advantage. This section shows the Highs and Lows over the past 1, 3 and 12-Month periods. Click the «See More» link to see the full Performance Report page with expanded historical information.
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.
Société Générale’s top U.S. equity strategist has lifted his S&P 500 target for 2023, saying investors want to buy growth and industrials. This regional bank outperformed all other banks in the S&P 500 this year. RF, -1.63% , KeyCorp KEY, -6.47% and Fifth Third Bancorp FITB, -2.16% top a list of nine regional banks as measured by total available liquidity to cover potential deposit outf…
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.
- There’s also a VGM Score (‘V’ for Value, ‘G’ for Growth and ‘M’ for Momentum), which combines the weighted average of the individual style scores into one score.
- 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.
- Investors of record on Friday, September 1st will be given a dividend of $0.24 per share on Monday, October 2nd.
- Regions primarily provides traditional commercial and retail banking and also offers mortgage services, asset-management, wealth-management, securities brokerage, and trust services.
- Long term indicators on average place the stock in the category of 100% Sell.
The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities. Regions Financial announced a quarterly dividend on Wednesday, July 19th. Investors of record on Friday, September 1st will be given a dividend of $0.24 per share on Monday, October 2nd. This represents a $0.96 annualized dividend and a yield of 5.38%. The ex-dividend date of this dividend is Thursday, August 31st.
How has RF performed historically compared to the market?
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.
The data shows that short shares as of Aug 14, 2023, stood at 23.32 million at a short ratio of 3.35. This represents a 2.49% short interest in shares outstanding on Aug 14, 2023. Shares short fall in August from the previous month at 26.44 million. Investors should be excited about this stock as its upside potential is great, with current price pushing the stock -16.65% down in year-to-date price movement.
Regions Financial Corporation Company Profile
BIRMINGHAM, Ala.–(BUSINESS WIRE)–Regions Financial Corp. announced the dates on which the company plans to issue its quarterly earnings results in 2024. One share of RF stock can currently be purchased for approximately $17.86. Dow Jones Industrial Average, S&P 500, Nasdaq, and Morningstar Index (Market Barometer) quotes are real-time. This site is protected by reCAPTCHA and the Google
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On the other hand, looking at the outlook for the RF stock, short term indicators assign the stock an average of 50% Sell, while medium term indicators assign it an average of Hold. Long term indicators on average place the stock in the category of 100% Sell. Regions Financial is a midsized U.S. regional bank, primarily concentrated in the Southeast. After the disastrous acquisition of AmSouth before the global financial crisis, Regions has stabilized its core operations and turned into a solid regional bank.
Regions Financial Corp. stock outperforms market on strong trading day
A simple, equally-weighted average return of all Zacks Rank stocks is calculated to determine the monthly return. The monthly returns are then compounded to arrive at the annual return. Only Zacks Rank stocks included in Zacks hypothetical portfolios at the beginning of each month are included in the return calculations. Zacks Ranks stocks can, and often do, bullish kicker change throughout the month. Certain Zacks Rank stocks for which no month-end price was available, pricing information was not collected, or for certain other reasons have been excluded from these return calculations. 14 Wall Street equities research analysts have issued «buy,» «hold,» and «sell» ratings for Regions Financial in the last twelve months.
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.
There are currently 6 hold ratings and 8 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should «moderate buy» RF shares. 14 brokerages have issued twelve-month target prices for Regions Financial’s stock. Their RF share price forecasts range from $20.00 to $26.00.
Regions Financial Corporation News
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 https://1investing.in/ 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%.
The industry with the best average Zacks Rank would be considered the top industry (1 out of 265), which would place it in the top 1% of Zacks Ranked Industries. The industry with the worst average Zacks Rank (265 out of 265) would place in the bottom 1%. An industry with a larger percentage of Zacks Rank #1’s and #2’s will have a better average Zacks Rank than one with a larger percentage of Zacks Rank #4’s and #5’s. The Zacks Industry Rank assigns a rating to each of the 265 X (Expanded) Industries based on their average Zacks Rank. Upgrade to MarketBeat All Access to add more stocks to your watchlist. 191 employees have rated Regions Financial Chief Executive Officer John Turner on Glassdoor.com.