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TheStreet Wire

Regions Financial Reaches New 52-Week High (RF)

By TheStreet Wire 09/07/12 - 10:04 AM EDT

Find out if (RF) is in Cramer's Portfolio.

Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model

NEW YORK (TheStreet) -- Regions Financial Corporation (NYSE:RF) hit a new 52-week high Friday as it is currently trading at $7.28, above its previous 52-week high of $7.24 with 1.3 million shares traded as of 9:40 a.m. ET. Average volume has been 17.1 million shares over the past 30 days.

Regions Financial has a market cap of $9.88 billion and is part of the financial sector and banking industry. Shares are up 62.6% year to date as of the close of trading on Thursday.

Regions Financial Corporation operates as the holding company for Regions Bank that provides a range of commercial, retail, and mortgage banking services in the United States. The company has a P/E ratio of 23.3, above the S&P 500 P/E ratio of 17.7.

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TheStreet Ratings rates Regions Financial as a buy. The company's strengths can be seen in multiple areas, such as its impressive record of earnings per share growth, compelling growth in net income, expanding profit margins, solid stock price performance and notable return on equity. We feel these strengths outweigh the fact that the company shows weak operating cash flow. You can view the full Regions Financial Ratings Report.

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