Regions Financial Corporation (NYSE:RF) – Stock analysts at Wedbush lifted their Q2 2018 earnings estimates for shares of Regions Financial Corporation in a research note issued to investors on Wednesday, Zacks Investment Research reports. Wedbush analyst P. Winter now anticipates that the bank will post earnings of $0.28 per share for the quarter, up from their previous estimate of $0.27. Wedbush also issued estimates for Regions Financial Corporation’s Q3 2018 earnings at $0.29 EPS and Q4 2018 earnings at $0.31 EPS.
A number of other equities analysts have also commented on the company. Bank of America Corporation restated a “buy” rating and set a $17.00 price objective on shares of Regions Financial Corporation in a research note on Wednesday, July 26th. BidaskClub upgraded Regions Financial Corporation from a “sell” rating to a “hold” rating in a research note on Thursday, August 3rd. Piper Jaffray Companies reiterated a “hold” rating and issued a $14.50 price target on shares of Regions Financial Corporation in a research note on Tuesday, September 19th. Keefe, Bruyette & Woods reiterated a “hold” rating and issued a $15.50 price target on shares of Regions Financial Corporation in a research note on Friday, September 15th. Finally, Jefferies Group LLC reissued a “hold” rating and set a $16.00 price objective on shares of Regions Financial Corporation in a report on Friday, August 11th. Four investment analysts have rated the stock with a sell rating, seventeen have given a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $15.31.
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Regions Financial Corporation (NYSE RF) opened at $15.17 on Friday. The firm has a market capitalization of $17,596.76, a P/E ratio of 15.80, a PEG ratio of 1.37 and a beta of 1.29. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.84 and a current ratio of 0.85. Regions Financial Corporation has a 52 week low of $12.00 and a 52 week high of $16.03.
Regions Financial Corporation (NYSE:RF) last released its quarterly earnings data on Tuesday, October 24th. The bank reported $0.25 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $0.25. The company had revenue of $1.44 billion during the quarter, compared to analysts’ expectations of $1.45 billion. Regions Financial Corporation had a return on equity of 7.56% and a net margin of 20.14%. The business’s revenue was down 1.3% on a year-over-year basis. During the same period last year, the firm posted $0.24 earnings per share.
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 2nd. Investors of record on Friday, December 8th will be paid a $0.09 dividend. The ex-dividend date of this dividend is Thursday, December 7th. This represents a $0.36 annualized dividend and a yield of 2.37%. Regions Financial Corporation’s payout ratio is 37.50%.
In other Regions Financial Corporation 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 filing with the SEC, which is accessible through this link. Also, EVP Scott M. Peters sold 25,000 shares of the company’s stock in a transaction on Thursday, October 26th. The stock was sold at an average price of $15.84, for a total transaction of $396,000.00. Following the completion of the transaction, the executive vice president now directly owns 121,459 shares in the company, valued at approximately $1,923,910.56. The disclosure for this sale can be found here. 0.52% of the stock is currently owned by corporate insiders.
Several institutional investors have recently added to or reduced their stakes in the company. Salem Investment Counselors Inc. increased its stake in Regions Financial Corporation by 0.3% in the second quarter. Salem Investment Counselors Inc. now owns 9,124 shares of the bank’s stock valued at $134,000 after acquiring an additional 26 shares during the last quarter. IFC Holdings Incorporated FL increased its stake in Regions Financial Corporation by 0.3% in the second quarter. IFC Holdings Incorporated FL now owns 20,289 shares of the bank’s stock valued at $295,000 after acquiring an additional 58 shares during the last quarter. Advisor Partners LLC increased its stake in Regions Financial Corporation by 0.3% in the second quarter. Advisor Partners LLC now owns 20,041 shares of the bank’s stock valued at $293,000 after acquiring an additional 59 shares during the last quarter. Lbmc Investment Advisors LLC increased its stake in Regions Financial Corporation by 0.3% in the second quarter. Lbmc Investment Advisors LLC now owns 31,904 shares of the bank’s stock valued at $467,000 after acquiring an additional 109 shares during the last quarter. Finally, Huntington National Bank increased its stake in Regions Financial Corporation by 0.9% in the second quarter. Huntington National Bank now owns 17,347 shares of the bank’s stock valued at $254,000 after acquiring an additional 161 shares during the last quarter. 77.53% of the stock is currently owned by hedge funds and other institutional investors.
About Regions Financial Corporation
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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