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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 $8.38, above its previous 52-week high of $8.36 with 16.4 million shares traded as of 12:20 p.m. ET. Average volume has been 16.8 million shares over the past 30 days. Regions Financial has a market cap of $11.66 billion and is part of the financial sector and banking industry. Shares are up 16.5% 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 10.9, below the S&P 500 P/E ratio of 17.7.