Jefferies Group Weighs in on Regions Financial Corp’s Q1 2018 Earnings (RF)

Regions Financial Corp (NYSE:RF) – Analysts at Jefferies Group raised their Q1 2018 earnings estimates for Regions Financial in a research report issued on Sunday. Jefferies Group analyst K. Usdin now anticipates that the bank will post earnings per share of $0.32 for the quarter, up from their previous estimate of $0.31. Jefferies Group also issued estimates for Regions Financial’s Q2 2018 earnings at $0.33 EPS, Q3 2018 earnings at $0.35 EPS, Q4 2018 earnings at $0.35 EPS, FY2018 earnings at $1.34 EPS and FY2019 earnings at $1.46 EPS.

Regions Financial (NYSE:RF) last announced its quarterly earnings data on Friday, January 19th. The bank reported $0.27 earnings per share (EPS) for the quarter, beating the Zacks’ 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 firm had revenue of $1.48 billion for the quarter, compared to analysts’ expectations of $1.45 billion. During the same period last year, the firm earned $0.23 earnings per share. The company’s revenue for the quarter was up 5.9% compared to the same quarter last year.

A number of other research analysts have also recently issued reports on the company. Goldman Sachs Group raised Regions Financial from a “buy” rating to a “conviction-buy” rating in a research note on Thursday, November 16th. JPMorgan Chase & Co. raised their price objective on Regions Financial from $15.50 to $16.00 and gave the company a “neutral” rating in a research note on Wednesday, November 1st. Citigroup reaffirmed a “neutral” rating and set a $16.00 price objective (up from $15.00) on shares of Regions Financial in a research note on Monday, October 9th. SunTrust Banks reaffirmed a “buy” rating and set a $19.00 price objective on shares of Regions Financial in a research note on Wednesday, November 29th. Finally, Nomura reaffirmed a “neutral” rating and set a $17.00 price objective (up from $16.00) on shares of Regions Financial in a research note on Thursday, October 26th. Three investment analysts have rated the stock with a sell rating, eighteen have assigned a hold rating, four have assigned a buy rating and two have assigned a strong buy rating to the stock. Regions Financial presently has a consensus rating of “Hold” and a consensus price target of $16.90.

Regions Financial (RF) opened at $19.16 on Tuesday. Regions Financial has a 12 month low of $13.00 and a 12 month high of $19.17. The stock has a market capitalization of $22,230.00, a PE ratio of 19.16, a PEG ratio of 1.07 and a beta of 1.30. The company has a debt-to-equity ratio of 0.53, a quick ratio of 0.86 and a current ratio of 0.86.

A number of institutional investors and hedge funds have recently modified their holdings of the business. Smith Graham & Co. Investment Advisors LP lifted its holdings in Regions Financial by 21.3% in the fourth quarter. Smith Graham & Co. Investment Advisors LP now owns 436,500 shares of the bank’s stock worth $7,543,000 after buying an additional 76,740 shares during the period. Oakworth Capital Inc. lifted its holdings in shares of Regions Financial by 19.3% during the fourth quarter. Oakworth Capital Inc. now owns 136,789 shares of the bank’s stock valued at $2,269,000 after purchasing an additional 22,140 shares during the last quarter. State of Alaska Department of Revenue lifted its holdings in shares of Regions Financial by 45.0% during the fourth quarter. State of Alaska Department of Revenue now owns 227,153 shares of the bank’s stock valued at $3,923,000 after purchasing an additional 70,510 shares during the last quarter. Creative Planning lifted its holdings in shares of Regions Financial by 66.4% during the fourth quarter. Creative Planning now owns 78,028 shares of the bank’s stock valued at $1,348,000 after purchasing an additional 31,129 shares during the last quarter. Finally, National Pension Service lifted its holdings in shares of Regions Financial by 1.7% during the fourth quarter. National Pension Service now owns 1,218,410 shares of the bank’s stock valued at $21,054,000 after purchasing an additional 19,953 shares during the last quarter. Institutional investors and hedge funds own 75.32% of the company’s stock.

In other Regions Financial news, EVP John B. Owen sold 40,000 shares of the firm’s stock in a transaction dated Tuesday, November 7th. The shares were sold at an average price of $15.67, for a total value of $626,800.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director John E. D. D. S. Maupin, Jr. sold 15,000 shares of the firm’s stock in a transaction dated Tuesday, December 5th. The stock was sold at an average price of $17.04, for a total transaction of $255,600.00. Following the completion of the sale, the director now owns 59,436 shares of the company’s stock, valued at $1,012,789.44. The disclosure for this sale can be found here. Insiders sold 80,000 shares of company stock worth $1,278,400 over the last three months. 0.52% of the stock is owned by insiders.

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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 and Estimates for Regions Financial (NYSE:RF)

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