Checking in on Regions Financial Corporation (RF) after recent insiders movement


In a filing, Regions Financial Corporation revealed its SEVP Smith Ronald G. unloaded Company’s shares for reported $0.21 million on Aug 07. In the deal valued at $20.93 per share,10,000 shares were sold. As a result of this transaction, Smith Ronald G. now holds 281,151 shares worth roughly $ 5.22 million.

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Then, Hill J Thomas bought 11,926 shares, generating $200,134 in total proceeds. Upon buying the shares at $16.78, the Director now owns 23,107 shares.

Before that, Ritter William D. sold 13,000 shares. Regions Financial Corporation shares valued at $304,456 were divested by the SEVP at a price of $23.42 per share. As a result of the transaction, Ritter William D. now holds 24,344 shares, worth roughly $0.45 million.

Truist downgraded its Regions Financial Corporation [RF] rating to a Hold from a a Buy in a research note published on Friday, April 24, 2023; the price target was decreased to $20 from $21. PT values the company’s stock at a premium of 7.2 to its Friday closing price.

Price Performance Review of RF

On Friday, Regions Financial Corporation [NYSE:RF] saw its stock jump 1.20% to $18.56. On the same session, the stock had its day’s lowest price of $18.46, but rose to a high of $18.66. Over the last five days, the stock has gained 0.11%. Regions Financial Corporation shares have fallen nearly -13.91% since the year began. Nevertheless, the stocks have fallen -14.35% over the past one year. While a 52-week high of $24.33 was reached on 02/02/23, a 52-week low of $13.94 was recorded on 03/13/23. SMA at 50 days reached $19.25, while 200 days put it at $20.02. A total of 7.73 million shares were traded, compared to the trading of 10.17 million shares in the previous session.

Levels Of Support And Resistance For RF Stock

The 24-hour chart illustrates a support level at 18.46, which if violated will result in even more drops to 18.36. On the upside, there is a resistance level at 18.66. A further resistance level may holdings at 18.76. The Relative Strength Index (RSI) on the 14-day chart is 39.69, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.46, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 80.10%. Stochastics %K at 14.02% indicates the stock is a buying.

How much short interest is there in Regions Financial Corporation?

A steep rise in short interest was recorded in Regions Financial Corporation stocks on Aug 14, 2023, dropping by -3.12 million shares to a total of 23.32 million shares. Yahoo Finance data shows the prior-month short interest on Jul 13, 2023 was 26.44 million shares. There was a decline of -13.38%, which implies that there is a negative sentiment for the stock. In spite of short shares comprising just 3.19% of the overall stock float, the days-to-cover ratio (short ratio) fell to 3.35.

Regions Financial Corporation [RF] – Who Are The Largest Shareholders?

In filings from The Vanguard Group, Inc., it is revealed that the company now owns 107,615,879 shares, or roughly 11.47% of the outstanding RF shares. In other words, the investor’s shares have fallen by -88,859 from its previous 13-F filing of 107704738.0. Additionally, BlackRock Fund Advisors decreased -0.77% of its stake after which the total value it holdings stand at $1,259,623,194, while Wellington Management Co. LLP added 47.14% of its stake to hold $1.01 billion in the firm. Over the last quarter, SSgA Funds Management, Inc. sold -1,269,175 shares of Regions Financial Corporation, while JPMorgan Investment Management, I sold 7,577,337 shares. At present, Geode Capital Management LLC is holding 20,357,304 shares valued at $414.68 million. Charles Schwab Investment Managem owned 19,551,492 shares of the company at the time of its most recent 13F filing, worth $398.26 million.

According to FactSet, Regions Financial Corporation’s share price will average $22.08 in the next year, based on opinions of analysts polled by the firm. This is up nearly 19.96 percent from its previous closing price of $18.34. Analysts expect Regions Financial Corporation stock to reach the higher price of $26.00, while the lowest price estimate is $19.00. However, 29 analysts have rated RF stock as an Overweight in their predictions for 2023.


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