Q1 2018 EPS Estimates for Regions Financial Corp (RF) Increased by Analyst

Regions Financial Corp (NYSE:RF) – Equities research analysts at Wedbush boosted their Q1 2018 earnings per share estimates for Regions Financial in a research report issued on Saturday, according to Zacks Investment Research. Wedbush analyst P. Winter now anticipates that the bank will post earnings of $0.33 per share for the quarter, up from their prior forecast of $0.30. Wedbush currently has a “Outperform” rating and a $20.00 price target on the stock. Wedbush also issued estimates for Regions Financial’s Q2 2018 earnings at $0.34 EPS, Q3 2018 earnings at $0.36 EPS, FY2018 earnings at $1.39 EPS, Q1 2019 earnings at $0.35 EPS, Q2 2019 earnings at $0.37 EPS, Q3 2019 earnings at $0.40 EPS, Q4 2019 earnings at $0.40 EPS and FY2019 earnings at $1.52 EPS.

Several other equities research analysts have also recently weighed in on RF. Sandler O’Neill upgraded Regions Financial from a “hold” rating to a “buy” rating in a report on Monday, January 22nd. B. Riley reiterated a “hold” rating and issued a $19.00 price objective on shares of Regions Financial in a report on Monday, January 22nd. Morgan Stanley raised their target price on Regions Financial from $20.00 to $21.00 and gave the company an “equal weight” rating in a research note on Friday, February 2nd. UBS Group upgraded Regions Financial from a “sell” rating to a “neutral” rating and raised their target price for the company from $15.00 to $18.00 in a research note on Tuesday, December 12th. Finally, Piper Jaffray Companies restated a “hold” rating and issued a $18.00 target price on shares of Regions Financial in a research note on Friday, January 19th. Three analysts have rated the stock with a sell rating, eighteen have given a hold rating, four have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average price target of $17.24.

Regions Financial (NYSE RF) traded up $0.52 during midday trading on Tuesday, reaching $19.37. The company’s stock had a trading volume of 16,959,860 shares, compared to its average volume of 11,880,000. Regions Financial has a 1-year low of $13.00 and a 1-year high of $19.90. The company has a current ratio of 0.86, a quick ratio of 0.86 and a debt-to-equity ratio of 0.53. The stock has a market cap of $22,470.00, a PE ratio of 19.37, a P/E/G ratio of 1.38 and a beta of 1.32.

Regions Financial (NYSE:RF) last released its quarterly earnings data on Friday, January 19th. The bank reported $0.27 earnings per share for the quarter, topping the consensus estimate of $0.26 by $0.01. Regions Financial had a return on equity of 7.87% and a net margin of 20.48%. The business had revenue of $1.48 billion during the quarter, compared to analysts’ expectations of $1.45 billion. During the same quarter last year, the business posted $0.23 EPS. The business’s revenue was up 5.9% on a year-over-year basis.

Institutional investors have recently bought and sold shares of the business. Koch Industries Inc. purchased a new position in shares of Regions Financial in the 2nd quarter worth $614,000. Pinebridge Investments L.P. lifted its position in Regions Financial by 5.7% during the third quarter. Pinebridge Investments L.P. now owns 758,442 shares of the bank’s stock valued at $11,551,000 after purchasing an additional 40,919 shares in the last quarter. Cipher Capital LP purchased a new position in Regions Financial during the third quarter valued at $1,160,000. Toronto Dominion Bank lifted its position in Regions Financial by 24.8% during the second quarter. Toronto Dominion Bank now owns 408,156 shares of the bank’s stock valued at $5,974,000 after purchasing an additional 81,188 shares in the last quarter. Finally, Colonial Trust Advisors lifted its position in Regions Financial by 54.5% during the second quarter. Colonial Trust Advisors now owns 34,184 shares of the bank’s stock valued at $500,000 after purchasing an additional 12,060 shares in the last quarter. 76.77% of the stock is owned by institutional investors and hedge funds.

In other Regions Financial news, EVP Scott M. Peters sold 25,627 shares of Regions Financial stock in a transaction on Wednesday, January 24th. The stock was sold at an average price of $19.50, for a total value of $499,726.50. Following the completion of the sale, the executive vice president now owns 240,796 shares of the company’s stock, valued at approximately $4,695,522. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director John E. D. D S. Maupin, Jr. sold 15,000 shares of Regions Financial stock in a transaction on Tuesday, December 5th. The stock was sold at an average price of $17.04, for a total value of $255,600.00. Following the completion of the sale, the director now directly owns 59,436 shares of the company’s stock, valued at approximately $1,012,789.44. The disclosure for this sale can be found here. 0.52% of the stock is owned by company insiders.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, April 2nd. Investors of record on Friday, March 9th will be given a dividend of $0.09 per share. This represents a $0.36 dividend on an annualized basis and a yield of 1.86%. The ex-dividend date is Thursday, March 8th. Regions Financial’s dividend payout ratio (DPR) is presently 36.00%.

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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.

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

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