NEW YORK (

TheStreet

) --

Regions Financial Corporation

(NYSE:

RF

) hit a new 52-week high Thursday as it is currently trading at $7, above its previous 52-week high of $6.98 with 12.2 million shares traded as of 11:30 a.m. ET. Average volume has been 20.8 million shares over the past 30 days.

Regions Financial has a market cap of $9.39 billion and is part of the

financial

sector and

banking

industry. Shares are up 54.7% year to date as of the close of trading on Wednesday.

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 55.4, above the S&P 500 P/E ratio of 17.7.

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TheStreet Ratings rates Regions Financial as a

hold

. The company's strengths can be seen in multiple areas, such as its compelling growth in net income, expanding profit margins and solid stock price performance. However, as a counter to these strengths, we find that we feel that the company's cash flow from its operations has been weak overall. You can view the full

Regions Financial Ratings Report

.

See all

52-week high stocks

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