B. Riley reissued their hold rating on shares of Regions Financial (NYSE:RF) in a report published on Monday, January 22nd. The firm currently has a $19.00 target price on the bank’s stock. B. Riley also issued estimates for Regions Financial’s Q1 2018 earnings at $0.31 EPS, Q2 2018 earnings at $0.33 EPS, Q3 2018 earnings at $0.36 EPS, Q4 2018 earnings at $0.36 EPS and FY2018 earnings at $1.35 EPS.
Other research analysts have also issued reports about the stock. Barclays increased their price objective on shares of Regions Financial from $15.00 to $19.00 and gave the stock an underweight rating in a report on Tuesday, January 2nd. Robert W. Baird lowered shares of Regions Financial from a neutral rating to an underperform rating and set a $13.00 price objective on the stock. in a report on Monday, October 2nd. FBR & Co reiterated a hold rating and set a $16.00 price objective on shares of Regions Financial in a report on Wednesday, October 25th. SunTrust Banks restated a buy rating and issued a $19.00 price target on shares of Regions Financial in a report on Wednesday, November 29th. Finally, UBS Group upgraded shares of Regions Financial from a sell rating to a neutral rating and raised their price target for the company from $15.00 to $18.00 in a report on Tuesday, December 12th. Three investment analysts have rated the stock with a sell rating, eighteen have given a hold rating, four have issued a buy rating and two have issued a strong buy rating to the stock. The company has an average rating of Hold and an average price target of $17.24.
Regions Financial (NYSE RF) opened at $19.37 on Monday. 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 12 month low of $13.00 and a 12 month high of $19.90. The stock has a market cap of $22,470.00, a price-to-earnings ratio of 19.37, a price-to-earnings-growth ratio of 1.38 and a beta of 1.32.
Regions Financial (NYSE:RF) last issued its quarterly earnings data on Friday, January 19th. The bank reported $0.27 EPS for the quarter, beating the Zacks’ consensus estimate of $0.26 by $0.01. The firm had revenue of $1.48 billion for the quarter, compared to analysts’ expectations of $1.45 billion. Regions Financial had a net margin of 20.48% and a return on equity of 7.87%. The firm’s revenue was up 5.9% on a year-over-year basis. During the same period in the prior year, the company earned $0.23 EPS. equities research analysts anticipate that Regions Financial will post 1.34 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Monday, April 2nd. Shareholders of record on Friday, March 9th will be paid a $0.09 dividend. This represents a $0.36 dividend on an annualized basis and a yield of 1.86%. The ex-dividend date of this dividend is Thursday, March 8th. Regions Financial’s payout ratio is 36.00%.
In other Regions Financial news, EVP Scott M. Peters sold 25,627 shares of the firm’s 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 sale, the executive vice president now directly owns 240,796 shares in the company, valued at $4,695,522. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director John E. D. D S. Maupin, Jr. sold 15,000 shares of the firm’s stock in a transaction on Tuesday, December 5th. The shares were 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 owns 59,436 shares in the company, valued at $1,012,789.44. The disclosure for this sale can be found here. Company insiders own 0.52% of the company’s stock.
Several hedge funds and other institutional investors have recently modified their holdings of the stock. Janus Henderson Group PLC grew its holdings in Regions Financial by 8,065.3% during the second quarter. Janus Henderson Group PLC now owns 13,067,310 shares of the bank’s stock worth $191,306,000 after acquiring an additional 12,907,276 shares during the period. Old Mutual Global Investors UK Ltd. grew its holdings in Regions Financial by 257.2% during the third quarter. Old Mutual Global Investors UK Ltd. now owns 9,538,317 shares of the bank’s stock worth $145,268,000 after acquiring an additional 6,868,243 shares during the period. Samlyn Capital LLC grew its holdings in Regions Financial by 63.0% during the second quarter. Samlyn Capital LLC now owns 9,074,895 shares of the bank’s stock worth $132,856,000 after acquiring an additional 3,506,995 shares during the period. Millennium Management LLC grew its holdings in Regions Financial by 24.6% during the fourth quarter. Millennium Management LLC now owns 16,658,150 shares of the bank’s stock worth $287,853,000 after acquiring an additional 3,287,621 shares during the period. Finally, Sirios Capital Management L P purchased a new position in Regions Financial in the 4th quarter worth about $23,365,000. Institutional investors and hedge funds own 76.77% of the company’s stock.
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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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