With 9.13 million shares changed hands, the volume of the stock remained heavier than its average volume of 7.41 million shares. During the session, the Banks – Regional company that operates in wider Financial sector, reached to the highest price of $26.12 whereas the lowest price it dropped to was $25.245. The 52-week range on RF shows that it touched its highest point at $26.33 and its lowest point at $14.86 during that stretch. It currently has a 1-year price target of $26.21. With its current market cap of 23.09 billion, RF has annualized dividend of $0.97 while the current yield stands at 3.82%. Beta for the stock currently stands at 1.19.
Price Performance and Earnings:
Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of RF was up-trending over the past week, with a rise of 6.45%, but this was up by 10.10% over a month. Three-month performance surged to 22.58% while six-month performance rose 28.46%. The stock gained 65.43% in the past year, while it has gained 31.11% so far this year. A look at the trailing 12-month EPS for RF yields 1.77 with Next year EPS estimates of 2.27. For the next quarter, that number is 0.55. This implies an EPS growth rate of -9.95% for this year and 12.48% for next year. EPS is expected to grow by 3.32% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of 6.49%.
Float and Shares Shorts:
At present, 922.34 million RF shares are outstanding with a float of 908.12 million shares on hand for trading. On 2024-10-15, short shares totaled 36.4 million, which was 400.0 higher than short shares on 1726185600. In addition to Mr. John M. Turner Jr. as the firm’s President, CEO & Chairman, Mr. David Jackson Turner Jr. serves as its Senior EVP & CFO.
Institutional Ownership:
Through their ownership of 0.81804 of RF’s outstanding shares, institutional investors have minority control over the company.
Analysts Ratings:
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for RF since 16 analysts follow the stock currently. There are 9 analysts who recommend BUY ratings, while 0 suggest SELL ratings. Of the remaining analysts, 7 believe that the stock is worth HOLDING, 0 give it an OVERWEIGHT rating, and 0 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential. With RF analysts setting a high price target of 30.0 and a low target of 17.35, the average target price over the next 12 months is 25.74. Based on these targets, RF could surge 18.06% to reach the target high and fall by -31.72% to reach the target low. Reaching the average price target will result in a growth of 1.3% from current levels.
Analysts have provided yearly estimates in a range of $2.18036 being high and $1.87299 being low. For RF, this leads to a yearly average estimate of $2.01707. The surprise factor in the prior quarter was $0.48. Based on analyst estimates, the high estimate for the next quarter is $0.53 and the low estimate is $0.46. The average estimate for the next quarter is thus $0.5.
