Regions Financial (RF) to Release Earnings on Friday

Regions Financial (NYSE:RF) is set to post its quarterly earnings results before the market opens on Friday, January 19th. Analysts expect Regions Financial to post earnings of $0.26 per share for the quarter.

Regions Financial (NYSE:RF) last issued its earnings results on Tuesday, October 24th. The bank reported $0.25 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.25. The company had revenue of $1.44 billion for the quarter, compared to analyst estimates of $1.45 billion. Regions Financial had a net margin of 20.14% and a return on equity of 7.56%. The company’s revenue for the quarter was down 1.3% on a year-over-year basis. During the same quarter last year, the firm earned $0.24 EPS. On average, analysts expect Regions Financial to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Regions Financial (RF) opened at $18.20 on Friday. The stock has a market cap of $21,110.00, a PE ratio of 19.16, a PEG ratio of 1.23 and a beta of 1.30. The company has a debt-to-equity ratio of 0.39, a current ratio of 0.85 and a quick ratio of 0.84. Regions Financial has a one year low of $13.00 and a one year high of $18.27.

The firm also recently announced a quarterly dividend, which was paid on Tuesday, January 2nd. Stockholders of record on Friday, December 8th were paid a $0.09 dividend. This represents a $0.36 annualized dividend and a dividend yield of 1.98%. The ex-dividend date of this dividend was Thursday, December 7th. Regions Financial’s dividend payout ratio (DPR) is presently 37.89%.

In other Regions Financial news, EVP Scott M. Peters sold 25,000 shares of Regions Financial stock in a transaction that occurred on Thursday, October 26th. The shares were sold at an average price of $15.84, for a total value of $396,000.00. Following the transaction, the executive vice president now owns 121,459 shares of the company’s stock, valued at $1,923,910.56. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP John B. Owen sold 40,000 shares of Regions Financial stock in a transaction that occurred on Tuesday, November 7th. The shares were sold at an average price of $15.67, for a total transaction of $626,800.00. The disclosure for this sale can be found here. In the last ninety days, insiders sold 80,000 shares of company stock worth $1,278,400. Insiders own 0.52% of the company’s stock.

Several research analysts have recently issued reports on the stock. Robert W. Baird reaffirmed a “sell” rating and issued a $17.00 target price on shares of Regions Financial in a research note on Wednesday, January 3rd. Piper Jaffray Companies reissued a “hold” rating and set a $17.00 price objective on shares of Regions Financial in a research note on Tuesday. Barclays lifted their price objective on shares of Regions Financial from $15.00 to $19.00 and gave the stock an “underweight” rating in a research note on Tuesday, January 2nd. Keefe, Bruyette & Woods reissued a “hold” rating and set a $15.00 price objective on shares of Regions Financial in a research note on Tuesday, October 3rd. Finally, Wedbush raised shares of Regions Financial from a “neutral” rating to an “outperform” rating and set a $20.00 price objective on the stock in a research note on Thursday, December 21st. Three research analysts have rated the stock with a sell rating, sixteen have issued a hold rating, three have assigned a buy rating and two have assigned a strong buy rating to the company. The stock presently has an average rating of “Hold” and an average price target of $16.65.

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About Regions Financial

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.

Earnings History for Regions Financial (NYSE:RF)

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