Research Analysts Set Expectations for Regions Financial Co.’s FY2017 Earnings (NYSE:RF)

Regions Financial Co. (NYSE:RF) – Investment analysts at SunTrust Banks decreased their FY2017 earnings estimates for Regions Financial in a research note issued to investors on Tuesday, Zacks Investment Research reports. SunTrust Banks analyst J. Demba now forecasts that the bank will earn $0.99 per share for the year, down from their previous forecast of $1.00. SunTrust Banks also issued estimates for Regions Financial’s Q4 2017 earnings at $0.26 EPS, Q2 2018 earnings at $0.28 EPS, FY2018 earnings at $1.12 EPS and FY2019 earnings at $1.24 EPS.

Regions Financial (NYSE:RF) last released its earnings results on Tuesday, October 24th. The bank reported $0.25 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.25. The company had revenue of $1.44 billion during the quarter, compared to the consensus estimate of $1.45 billion. Regions Financial had a net margin of 21.80% and a return on equity of 7.45%. The company’s revenue was down 1.3% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.24 EPS.

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RF has been the subject of several other reports. J P Morgan Chase & Co lifted their price target on shares of Regions Financial from $15.50 to $16.00 and gave the company a “neutral” rating in a report on Wednesday, November 1st. Nomura reissued a “neutral” rating and set a $17.00 target price (up from $16.00) on shares of Regions Financial in a research note on Thursday, October 26th. Royal Bank of Canada reissued a “hold” rating and set a $16.00 target price on shares of Regions Financial in a research note on Wednesday, October 25th. FBR & Co reissued a “hold” rating and set a $16.00 target price on shares of Regions Financial in a research note on Wednesday, October 25th. Finally, Citigroup Inc. reissued a “neutral” rating and set a $16.00 target price (up from $15.00) on shares of Regions Financial in a research note on Monday, October 9th. Four analysts have rated the stock with a sell rating, seventeen have issued a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company. The stock has an average rating of “Hold” and an average price target of $15.31.

Regions Financial (RF) traded down $0.11 on Thursday, hitting $15.17. 11,869,800 shares of the stock traded hands, compared to its average volume of 15,297,376. The company has a market cap of $17,724.36, a P/E ratio of 15.92, a P/E/G ratio of 1.38 and a beta of 1.29. Regions Financial has a one year low of $12.00 and a one year high of $16.03. The company has a debt-to-equity ratio of 0.39, a current ratio of 0.85 and a quick ratio of 0.84.

Several hedge funds have recently made changes to their positions in RF. Salem Investment Counselors Inc. increased its position in shares of Regions Financial by 0.3% during the 2nd quarter. Salem Investment Counselors Inc. now owns 9,124 shares of the bank’s stock worth $134,000 after purchasing an additional 26 shares in the last quarter. IFC Holdings Incorporated FL increased its position in shares of Regions Financial by 0.3% during the 2nd quarter. IFC Holdings Incorporated FL now owns 20,289 shares of the bank’s stock worth $295,000 after purchasing an additional 58 shares in the last quarter. Advisor Partners LLC increased its position in shares of Regions Financial by 0.3% during the 2nd quarter. Advisor Partners LLC now owns 20,041 shares of the bank’s stock worth $293,000 after purchasing an additional 59 shares in the last quarter. Lbmc Investment Advisors LLC increased its position in shares of Regions Financial by 0.3% during the 2nd quarter. Lbmc Investment Advisors LLC now owns 31,904 shares of the bank’s stock worth $467,000 after purchasing an additional 109 shares in the last quarter. Finally, Huntington National Bank increased its position in shares of Regions Financial by 0.9% during the 2nd quarter. Huntington National Bank now owns 17,347 shares of the bank’s stock worth $254,000 after purchasing an additional 161 shares in the last quarter. Institutional investors own 77.72% of the company’s stock.

In related news, EVP John B. Owen sold 40,000 shares of the company’s stock in a transaction on Tuesday, November 7th. The shares were sold at an average price of $15.67, for a total transaction of $626,800.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Scott M. Peters sold 25,000 shares of the company’s stock in a transaction on Thursday, October 26th. The stock was sold at an average price of $15.84, for a total transaction of $396,000.00. Following the sale, the executive vice president now directly owns 121,459 shares of the company’s stock, valued at $1,923,910.56. The disclosure for this sale can be found here. Insiders own 0.52% of the company’s stock.

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 2nd. Investors of record on Friday, December 8th will be given a dividend of $0.09 per share. This represents a $0.36 dividend on an annualized basis and a yield of 2.37%. The ex-dividend date of this dividend is Thursday, December 7th. Regions Financial’s payout ratio is presently 37.50%.

Regions Financial Company Profile

Regions Financial Corporation is a financial holding company. The Company conducts its banking operations through Regions Bank, an Alabama state-chartered commercial bank, which is a member of the Federal Reserve System. It operates in three segments: Corporate Bank, which represents its commercial banking functions, including commercial and industrial, commercial real estate and investor real estate lending; Consumer Bank, which represents its branch network, including consumer banking products and services related to residential first mortgages, home equity lines and loans, small business loans, indirect loans, consumer credit cards and other consumer loans, as well as the corresponding deposit relationships, and Wealth Management, which offers individuals, businesses, governmental institutions and non-profit entities a range of solutions to enable transfer of wealth.

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Earnings History and Estimates for Regions Financial (NYSE:RF)

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