Regions Financial Corporation (RF) To Watch: Calling Up Animal Spirits

Considering all key technical indicators, a 96% Sell signal has occurred for Regions Financial Corporation (NYSE:RF). The stock is also flashing a Sell from the Barchart TrendSpotter trading system. Traders hoping to speculate on the RF’s short-term trajectory should know that short terms indicators for the stock averaged 80% Sell with an average daily trading volume over the past 20 days at 15801760 shares. RF stock has overall a 1% Sell signal considering medium term indicators and the 50-day average daily volume remained almost 15182458 shares. It’s also worth noting that the stock, whose average daily volume over the 100 days prior to this writing was shares, is 100% Sell on the basis of long term indicators.

The share price is currently staying around the first support level of $14.97. Below this, the next support is placed in the zone of $14.65. Till the time, the RF stock trades above this level, bulls have nothing to fear. On momentum oscillators front, ‘RSI’ has touched 31.57 on daily chart, which may remain a cause for comfort. If the price breaks below $14.65 level on closing basis, then we may see more profit booking and the stock may show further weakness. On the flipside, hitting the $15.46 mark may result into a pull-back move towards $15.63 level.

Regions Financial Corporation (RF) is projected to climb by 28.1 percent over the next 12 months, according to price target estimates compiled by finviz. Meanwhile, they have set a $22-month high price target. This represents a whopping 43.79 percent increase from where shares are trading today. The 12-month median price target assigned by the analysts stands at $20, which represents a return potential of 30.72 percent when compared to the closing price of the stock of $15.3 on Thursday, December 06. The lowest price target for the stock is $16 — slightly more than 4.58 percent from RF’s current share price.

Here’s a rundown of insider trading activity for sense of Regions Financial Corporation (NYSE:RF). The earliest insider trade took place on 07/31/2018. Herron C. Keith parted with a total of 23.19 thousand shares of company at average share price of $18.76. The total for the sales was set at $434.97 thousand. After this transaction, the SEVP account balance stood at 236.3 thousand shares. The stock lost -18.44 percent since that insider sale. On 07/27/2018, Matlock Susan W, Director, sold 24 thousand shares at a price per share of $18.5. This removed 444 thousand shares from the insider’s fortune and the stock saw a -17.3 percent retreat in value since the news became public. This transaction left 130.86 thousand shares in the Director account. On 06/08/2018, SEVP Horton William E performed a sale transaction worth $348.29 thousand. This sale at $19.08 each has eliminated 18.25 thousand shares from the insider’s portfolio position. Meanwhile, shares have recorded -19.81 percent decrease since the transaction was reported. The insider now is left with 55.88 thousand shares remaining in the account. Godin Barbara, who performs the SEVP job, sold 20 thousand shares for $383 thousand. The disposal occurred on 05/23/2018 was priced at $19.15 per share. The share price plunged -20.1 percent since the reporting date. Godin Barbara now left with a stake of 62.89 thousand RF stock worth $962.19 thousand after the insider selling.

RF shares dropped -0.29 points or -1.86 percent on Thursday to $15.3 with a heavy trade volume of 19.703 million shares. After opening the session at $15.17, the shares went as high as $15.3 and as low as $14.81, the range within which the stock’s price traded throughout the day. The firm is left with a market cap of $16.6 billion and now has 1.09 billion shares outstanding. Regions Financial Corporation (RF) stock has lost -11.66 percent of market value in 21 trading days.

Analysts at Argus, assumed coverage of Regions Financial Corporation (NYSE:RF) with Buy recommendation, according to their opinion released on November 28. JP Morgan analysts bumped their recommendation on RF stock from Neutral to Overweight in a separate flash note to investors on November 26. Analysts at Raymond James issued an upgrade from Outperform to Strong Buy for the stock, in a research note that dated back to October 31.

RF stock has a trailing 3-year beta of 1.31, offering the possibility of a higher rate of return, but also posing more risk. The portion of a company’s profit allocated to each outstanding share of common stock was $1.3 a share in the trailing twelve months. The stock’s value has fallen -11.46 percent year to date (YTD) against a decline of -9.31 percent in 12 month’s time. The company’s shares still trade -24.29 percent away from its 1-year high of $20.21 and -0.71 percent down from 52-week low of $15.41. The average consensus rating on the company is 2.5, on a scale where 5 equates to a unanimous sell rating. In short, the mean analyst recommendations are calling this stock a sell.

Shares of Regions Financial Corporation (RF) are trading at a P/E ratio of 16.13 times earnings reported for the past 12 months. The industry RF operates in has an average P/E of 19.02. Its P/E ratio went as low as 9.42X and as high as 16.55 over the 5-year span. Further, it is sporting a 3.91 on the Price-to-Sales ratio. Compare this with the industry average P/S of 5.73. 0 percent is the gross profit margin for Regions Financial Corporation and operating margin sits at 85.8 percent. Along with this, the net profit margin is 38.2 percent.

RF will be declaring its Q4 financial results on January 22. Analysts are forecasting revenue to suffer decline of -0.5 percent to $1.48B in the next fiscal quarter, while earnings are seen soaring by nearly 5.56 percent to $0.38 per share. History has shown that shares in Regions Financial Corporation have gone up on 21 different earnings reaction days and are predicted to add 0.03 percent when the company reports upcoming earnings. In last reported earnings results, it earned $0.5 per share, better than the $0.36, adjusted, expected by Thomson Reuters consensus estimate. Revenue was $1.47B, better than the $1.46B analysts expected. Earnings are estimated to increase by 19 percent this year, 4.13 percent next year and continue to increase by 9 percent annually for the next 5 years.