RF Stock Summary and Trading Ideas (Regions Finl | NYSE:RF)

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.

Regions Finl trades on the NYSE stock market under the symbol RF.

As of April 18, 2024, RF stock price climbed to $19.00 with 8,828,554 million shares trading.

RF has a beta of 1.69, meaning it tends to be more sensitive to market movements. RF has a correlation of 0.31 to the broad based SPY ETF.

RF has a market cap of $17.46 billion. This is considered a Large Cap stock.

Last quarter Regions Finl reported $2 billion in Revenue and $.52 earnings per share. This beat revenue expectation by $12 million and exceeded earnings estimates by $.06.

In the last 3 years, RF stock traded as high as $25.57 and as low as $13.72.

The top ETF exchange traded funds that RF belongs to (by Net Assets): VTI, VOO, VO, SCHD, DVY.

RF has underperformed the market in the last year with a price return of +5.2% while the SPY ETF gained +22.3%. However, in the short term, RF had mixed performance relative to the market. It has outperformed in the last 3 months, returning +7.2% vs +6.1% return in SPY. But in the last 2 weeks, RF shares have been beat by the market, returning -6.1% compared to an SPY return of -3.8%.

RF support price is $18.51 and resistance is $19.21 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that RF stock will trade within this expected range on the day.