Regions Financial Corp (NYSE:RF) – Equities researchers at Jefferies Group upped their FY2018 earnings per share (EPS) estimates for shares of Regions Financial in a research note issued to investors on Monday, Zacks Investment Research reports. Jefferies Group analyst K. Usdin now forecasts that the bank will post earnings of $1.32 per share for the year, up from their previous forecast of $1.15. Jefferies Group also issued estimates for Regions Financial’s FY2019 earnings at $1.44 EPS.
Several other research firms have also recently issued reports on RF. Barclays increased their price objective on Regions Financial from $15.00 to $19.00 and gave the stock an “underweight” rating in a research report on Tuesday, January 2nd. FBR & Co reiterated a “hold” rating and issued a $16.00 price objective on shares of Regions Financial in a research report on Wednesday, October 25th. SunTrust Banks reiterated a “buy” rating and issued a $19.00 price objective on shares of Regions Financial in a research report on Wednesday, November 29th. UBS Group upgraded Regions Financial from a “sell” rating to a “neutral” rating and increased their price objective for the stock from $15.00 to $18.00 in a research report on Tuesday, December 12th. Finally, Piper Jaffray Companies restated a “hold” rating and issued a $17.00 price target on shares of Regions Financial in a research report on Tuesday, January 9th. Three equities research analysts have rated the stock with a sell rating, seventeen have assigned a hold rating, four have issued a buy rating and two have given a strong buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus price target of $17.05.
Regions Financial (NYSE RF) opened at $19.23 on Tuesday. The stock has a market capitalization of $22,310.00, a price-to-earnings ratio of 19.23, a price-to-earnings-growth ratio of 1.45 and a beta of 1.30. The company has a debt-to-equity ratio of 0.53, a current ratio of 0.86 and a quick ratio of 0.86. Regions Financial has a 52-week low of $13.00 and a 52-week high of $19.60.
Regions Financial (NYSE:RF) last released its quarterly earnings data on Friday, January 19th. The bank reported $0.27 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.26 by $0.01. The firm had revenue of $1.48 billion during the quarter, compared to analysts’ expectations of $1.45 billion. Regions Financial had a return on equity of 7.87% and a net margin of 20.48%. Regions Financial’s revenue was up 5.9% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.23 earnings per share.
Institutional investors and hedge funds have recently bought and sold shares of the stock. IFG Advisory LLC acquired a new stake in Regions Financial in the 4th quarter worth about $306,000. Welch Investments LLC acquired a new stake in Regions Financial in the 4th quarter worth about $120,000. Seven Eight Capital LP acquired a new stake in Regions Financial in the 2nd quarter worth about $111,000. Sun Life Financial INC boosted its stake in Regions Financial by 98,133.3% in the 2nd quarter. Sun Life Financial INC now owns 8,841 shares of the bank’s stock worth $129,000 after buying an additional 8,832 shares during the last quarter. Finally, Salem Investment Counselors Inc. boosted its stake in Regions Financial by 0.3% in the 2nd quarter. Salem Investment Counselors Inc. now owns 9,124 shares of the bank’s stock worth $134,000 after buying an additional 26 shares during the last quarter. 77.10% of the stock is currently owned by institutional investors and hedge funds.
In related news, EVP John B. Owen sold 40,000 shares of the stock in a transaction on Tuesday, November 7th. The stock was sold at an average price of $15.67, for a total transaction of $626,800.00. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Scott M. Peters sold 25,627 shares of the stock in a transaction on Wednesday, January 24th. The shares were sold at an average price of $19.50, for a total value of $499,726.50. Following the sale, the executive vice president now directly owns 240,796 shares in the company, valued at approximately $4,695,522. The disclosure for this sale can be found here. In the last 90 days, insiders sold 80,627 shares of company stock valued at $1,382,127. Company insiders own 0.52% of the company’s stock.
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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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