Regions Financial Corporation (NYSE:RF) – Wedbush lifted their FY2018 earnings per share (EPS) estimates for shares of Regions Financial Corporation in a note issued to investors on Wednesday, Zacks Investment Research reports. Wedbush analyst P. Winter now anticipates that the bank will post earnings of $1.15 per share for the year, up from their previous forecast of $1.11.
Regions Financial Corporation (NYSE:RF) last issued its quarterly earnings data on Tuesday, October 24th. The bank reported $0.25 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.25. Regions Financial Corporation had a net margin of 20.14% and a return on equity of 7.56%. The firm had revenue of $1.44 billion during the quarter, compared to the consensus estimate of $1.45 billion. During the same period last year, the business posted $0.24 earnings per share. The business’s revenue for the quarter was down 1.3% compared to the same quarter last year.
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Several other brokerages have also recently commented on RF. BidaskClub cut shares of Regions Financial Corporation from a “hold” rating to a “sell” rating in a report on Tuesday, July 25th. Vining Sparks raised shares of Regions Financial Corporation from an “outperform” rating to a “strong-buy” rating in a report on Wednesday, July 26th. Robert W. Baird cut shares of Regions Financial Corporation from a “neutral” rating to an “underperform” rating and set a $13.00 price objective on the stock. in a research note on Monday, October 2nd. FBR & Co reissued a “hold” rating and issued a $16.00 price objective on shares of Regions Financial Corporation in a research note on Wednesday, October 25th. Finally, Keefe, Bruyette & Woods reissued a “hold” rating and issued a $15.50 price objective on shares of Regions Financial Corporation in a research note on Friday, September 15th. Four equities research analysts have rated the stock with a sell rating, seventeen have assigned a hold rating, four have issued a buy rating and one has given a strong buy rating to the company’s stock. The company has an average rating of “Hold” and an average price target of $15.31.
Regions Financial Corporation (RF) opened at $15.17 on Thursday. Regions Financial Corporation has a fifty-two week low of $12.00 and a fifty-two week high of $16.03. The company has a market cap of $17,596.76, a P/E ratio of 15.80, a PEG ratio of 1.37 and a beta of 1.29. The company has a current ratio of 0.85, a quick ratio of 0.84 and a debt-to-equity ratio of 0.39.
The business also recently declared a quarterly dividend, which will be paid on Tuesday, January 2nd. Shareholders of record on Friday, December 8th will be paid a $0.09 dividend. This represents a $0.36 annualized dividend and a yield of 2.37%. The ex-dividend date of this dividend is Thursday, December 7th. Regions Financial Corporation’s dividend payout ratio (DPR) is currently 37.50%.
In other news, EVP John B. Owen sold 40,000 shares of the business’s stock in a transaction dated 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 hyperlink. Also, EVP Scott M. Peters sold 25,000 shares of the business’s stock in a transaction dated 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.
Large investors have recently bought and sold shares of the company. OMERS ADMINISTRATION Corp bought a new stake in shares of Regions Financial Corporation during the second quarter worth about $1,259,000. Koch Industries Inc. bought a new stake in shares of Regions Financial Corporation during the second quarter worth about $614,000. Fjarde AP Fonden Fourth Swedish National Pension Fund increased its position in shares of Regions Financial Corporation by 17.9% during the second quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 295,359 shares of the bank’s stock worth $4,324,000 after acquiring an additional 44,909 shares in the last quarter. State of Alaska Department of Revenue increased its position in shares of Regions Financial Corporation by 45.6% during the second quarter. State of Alaska Department of Revenue now owns 77,823 shares of the bank’s stock worth $1,139,000 after acquiring an additional 24,390 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank grew its position in Regions Financial Corporation by 35.6% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 432,686 shares of the bank’s stock worth $6,335,000 after purchasing an additional 113,610 shares in the last quarter. 77.72% of the stock is owned by institutional investors.
About Regions Financial Corporation
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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