Regions Financial Corporation (RF) – Monthly Stock Report
Published on September 22, 2024
Company Overview
Regions Financial Corporation (RF) is a prominent financial holding company headquartered in Birmingham, Alabama. Established in 1971, Regions operates within the financial services sector, specifically classified as a regional bank. The company offers a comprehensive range of banking and related services through three principal segments: the Corporate Bank, which specializes in commercial lending and advisory services; the Consumer Bank, focusing on residential mortgages and consumer loans; and Wealth Management, providing investment management and retirement solutions. As of now, Regions Financial has 915,124,992 shares outstanding, with a current stock price of $23.11, suggesting an attractive entry point for investors.
Market Performance and Financial Health
With reported total revenue of approximately $6.59 billion, Regions Financial Corporation exemplifies solid financial health and operational strength within the regional banking industry. The stock holds a strong buy recommendation, with analysts projecting a target high price of $28.00 per share, reflecting significant upward potential. The sentiment among investors appears predominantly positive, as indicated by a low short interest of approximately 4.66%. The overall recommendation mean stands at 2.5, derived from 23 analyst perspectives, affirming a favorable outlook. Notably, the current stock price is nearly at its fifty-two-week high of $23.47, reinforcing a bullish trend following a recovery from its low of $13.72 last year.
Investment Outlook
The analysis reveals a promising target price range, with expectations set between a high target of $28.00 and a low of $17.35, while the target mean price reflects modest growth at $23.61. The stock’s current positioning above its fifty-day moving average of $22.0182 indicates a stable upward movement, which presents an opportune moment for investors to increase their stake in the regional banks. Such insights suggest a burgeoning confidence among market analysts, encouraging potential investments in Regions Financial Corporation as it showcases both growth opportunities and resilient financial performance.
| Metric | Value |
|---|---|
| Market Cap | $21.1b |
| Total Debt | N/A |
| Total Cash | N/A |
| Shares Outstanding | 915.1m |
| Float Shares | 911.2m |
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