Regions Financial Stock Hits New 52-Week High (RF)

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 Wednesday as it is currently trading at $7.86, above its previous 52-week high of $7.85 with 16 million shares traded as of 2:40 p.m. ET. Average volume has been 16.7 million shares over the past 30 days.

Regions Financial has a market cap of $10.89 billion and is part of the financial sector and banking industry. Shares are up 8.1% year to date as of the close of trading on Tuesday.

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 16.8, below the S&P 500 P/E ratio of 17.7.

  • EXCLUSIVE OFFER: Jim Cramer's Protégé, Dave Peltier, only buys Stocks Under $10 that he thinks could potentially double. See what he's trading today with a 14-day FREE pass.

TheStreet Ratings rates Regions Financial as a buy. The company's strengths can be seen in multiple areas, such as its solid stock price performance, impressive record of earnings per share growth, compelling growth in net income, attractive valuation levels and expanding profit margins. Although no company is perfect, currently we do not see any significant weaknesses which are likely to detract from the generally positive outlook. You can view the full Regions Financial Ratings Report.

See all 52-week high stocks or get investment ideas from our investment research center.

It's Official: Action Alerts PLUS beats the S&P 500 with Dividends Reinvested! Cramer and Link were up 16.72% in 2012. Were you? See what they are trading for 14-days FREE.
null

If you liked this article you might like

These Stocks Have Changed Direction

14 Bank Stocks That Will Either Surge or Do Nothing

You Better Buy Apple Here, a Top Chart-Loving Analyst Says

Winners and Losers of the Fed's 2017 Bank Stress Tests