Analysts expect that Regions Financial Corp (NYSE:RF) will post earnings per share (EPS) of $0.39 for the current quarter, according to Zacks. Twenty Three analysts have provided estimates for Regions Financial’s earnings, with the highest EPS estimate coming in at $0.40 and the lowest estimate coming in at $0.37. Regions Financial reported earnings of $0.37 per share during the same quarter last year, which suggests a positive year over year growth rate of 5.4%. The business is expected to report its next quarterly earnings report on Friday, January 17th.
According to Zacks, analysts expect that Regions Financial will report full-year earnings of $1.53 per share for the current financial year, with EPS estimates ranging from $1.50 to $1.55. For the next financial year, analysts expect that the company will post earnings of $1.61 per share, with EPS estimates ranging from $1.54 to $1.68. Zacks Investment Research’s earnings per share averages are an average based on a survey of sell-side research firms that that provide coverage for Regions Financial.
Regions Financial (NYSE:RF) last announced its quarterly earnings results on Tuesday, October 22nd. The bank reported $0.39 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.39. The firm had revenue of $1.50 billion during the quarter, compared to the consensus estimate of $1.48 billion. Regions Financial had a net margin of 23.78% and a return on equity of 10.88%. The firm’s quarterly revenue was up 2.7% on a year-over-year basis. During the same period last year, the firm posted $0.50 EPS.
RF has been the subject of a number of research analyst reports. SunTrust Banks cut their target price on shares of Regions Financial from $18.00 to $17.00 and set a “buy” rating for the company in a research note on Tuesday, August 27th. UBS Group raised their price target on Regions Financial from $17.00 to $18.00 and gave the company a “buy” rating in a report on Thursday, October 3rd. Citigroup downgraded Regions Financial from a “neutral” rating to a “sell” rating and cut their price objective for the company from $16.00 to $14.00 in a research report on Tuesday, October 8th. ValuEngine raised Regions Financial from a “sell” rating to a “hold” rating in a research note on Wednesday, October 2nd. Finally, BMO Capital Markets cut Regions Financial from an “outperform” rating to a “market perform” rating in a report on Monday, November 11th. Three research analysts have rated the stock with a sell rating, six have given a hold rating and six have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $16.61.
NYSE RF opened at $16.61 on Thursday. The firm has a market cap of $16.05 billion, a price-to-earnings ratio of 12.21, a PEG ratio of 1.52 and a beta of 1.56. The company has a 50 day moving average of $16.42 and a 200-day moving average of $15.27. The company has a current ratio of 0.88, a quick ratio of 0.88 and a debt-to-equity ratio of 0.60. Regions Financial has a 1-year low of $12.39 and a 1-year high of $17.35.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, January 2nd. Investors of record on Friday, December 6th will be given a $0.155 dividend. This represents a $0.62 annualized dividend and a yield of 3.73%. The ex-dividend date of this dividend is Thursday, December 5th. Regions Financial’s dividend payout ratio (DPR) is presently 45.59%.
In related news, insider Hardie B. Kimbrough, Jr. sold 18,409 shares of the firm’s stock in a transaction dated Thursday, October 24th. The stock was sold at an average price of $16.27, for a total value of $299,514.43. Following the transaction, the insider now owns 20,009 shares in the company, valued at $325,546.43. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP David R. Keenan sold 30,658 shares of Regions Financial stock in a transaction dated Tuesday, November 26th. The stock was sold at an average price of $16.73, for a total value of $512,908.34. Following the completion of the sale, the executive vice president now owns 133,675 shares of the company’s stock, valued at $2,236,382.75. The disclosure for this sale can be found here. Insiders sold a total of 69,067 shares of company stock valued at $1,141,023 in the last 90 days. 0.28% of the stock is currently owned by corporate insiders.
A number of institutional investors have recently added to or reduced their stakes in RF. Welch Group LLC lifted its stake in shares of Regions Financial by 1.4% in the 3rd quarter. Welch Group LLC now owns 45,533 shares of the bank’s stock valued at $720,000 after purchasing an additional 648 shares during the period. FinTrust Capital Advisors LLC boosted its position in shares of Regions Financial by 15.6% in the 3rd quarter. FinTrust Capital Advisors LLC now owns 4,823 shares of the bank’s stock worth $76,000 after purchasing an additional 650 shares during the last quarter. Weiss Asset Management LP grew its stake in shares of Regions Financial by 7.3% during the second quarter. Weiss Asset Management LP now owns 11,006 shares of the bank’s stock worth $164,000 after purchasing an additional 747 shares during the period. Leavell Investment Management Inc. grew its stake in shares of Regions Financial by 0.3% during the third quarter. Leavell Investment Management Inc. now owns 254,557 shares of the bank’s stock worth $4,067,000 after purchasing an additional 750 shares during the period. Finally, Nomura Asset Management Co. Ltd. grew its stake in shares of Regions Financial by 0.5% during the second quarter. Nomura Asset Management Co. Ltd. now owns 193,926 shares of the bank’s stock worth $2,897,000 after purchasing an additional 870 shares during the period. Institutional investors own 71.24% of the company’s stock.
Regions Financial Company Profile
Regions Financial Corporation, a financial holding company, provides banking and bank-related services to individual and corporate customers in the United States. It operates through three segments: Corporate Bank, Consumer Bank, and Wealth Management. The Corporate Bank segment offers commercial banking services, such as commercial and industrial, commercial real estate, and investor real estate lending; equipment lease financing services; corresponding deposit products; and securities underwriting and placement, loan syndication and placement, foreign exchange, derivatives, merger and acquisition, and other advisory services.
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