Regions Financial (RF) Announces Quarterly Earnings Results

Regions Financial (NYSE:RF) announced its quarterly earnings results on Friday. The bank reported $0.27 EPS for the quarter, topping analysts’ consensus estimates of $0.26 by $0.01, RTT News reports. Regions Financial had a net margin of 20.14% and a return on equity of 7.56%. The firm had revenue of $1.48 billion during the quarter, compared to analyst estimates of $1.45 billion. During the same period in the previous year, the business posted $0.23 earnings per share. The business’s revenue for the quarter was up 5.9% on a year-over-year basis.

Regions Financial (RF) opened at $18.67 on Friday. The company has a quick ratio of 0.84, a current ratio of 0.85 and a debt-to-equity ratio of 0.39. The stock has a market capitalization of $21,656.66, a P/E ratio of 18.67, a P/E/G ratio of 1.08 and a beta of 1.30. Regions Financial has a fifty-two week low of $13.00 and a fifty-two week high of $18.70.

In related news, Director John E. D. D. S. Maupin, Jr. sold 15,000 shares of the company’s stock in a transaction on Tuesday, December 5th. The stock was sold at an average price of $17.04, for a total transaction of $255,600.00. Following the transaction, the director now owns 59,436 shares of the company’s stock, valued at $1,012,789.44. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 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 value of $396,000.00. Following 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. Insiders sold 80,000 shares of company stock valued at $1,278,400 over the last ninety days. 0.52% of the stock is currently owned by corporate insiders.

A number of institutional investors have recently bought and sold shares of the business. Seven Eight Capital LP acquired a new stake in shares of Regions Financial during the second quarter valued at $111,000. Sun Life Financial INC lifted its position in Regions Financial by 98,133.3% during the second 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 period. Salem Investment Counselors Inc. lifted its position in Regions Financial by 0.3% during the second 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 period. Steward Partners Investment Advisory LLC purchased a new position in shares of Regions Financial in the 3rd quarter worth about $150,000. Finally, Pax World Management LLC purchased a new position in shares of Regions Financial in the 3rd quarter worth about $154,000. 75.27% of the stock is currently owned by institutional investors.

RF has been the subject of several recent research reports. Barclays boosted their target price on shares of Regions Financial from $15.00 to $19.00 and gave the company an “underweight” rating in a research report on Tuesday, January 2nd. Robert W. Baird downgraded shares of Regions Financial from a “neutral” rating to an “underperform” rating and set a $13.00 target price on the stock. in a report on Monday, October 2nd. FBR & Co reaffirmed a “hold” rating and set a $16.00 price target on shares of Regions Financial in a research note on Wednesday, October 25th. SunTrust Banks reaffirmed a “buy” rating and set a $19.00 price target on shares of Regions Financial in a research note on Wednesday, November 29th. Finally, UBS Group raised shares of Regions Financial from a “sell” rating to a “neutral” rating and upped their price target for the company from $15.00 to $18.00 in a research note on Tuesday, December 12th. Three equities research analysts have rated the stock with a sell rating, seventeen have given a hold rating, three have assigned a buy rating and two have given a strong buy rating to the company. Regions Financial presently has an average rating of “Hold” and an average price target of $16.70.

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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.

Earnings History for Regions Financial (NYSE:RF)

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