Regions Financial (NYSE:RF) released its earnings results on Friday. The bank reported $0.35 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.31 by $0.04, Bloomberg Earnings reports. Regions Financial had a net margin of 20.48% and a return on equity of 7.87%. During the same period in the prior year, the firm posted $0.23 EPS.
Shares of NYSE:RF opened at $18.24 on Friday. Regions Financial has a twelve month low of $13.02 and a twelve month high of $20.21. The company has a current ratio of 0.86, a quick ratio of 0.86 and a debt-to-equity ratio of 0.53. The company has a market capitalization of $20,105.14, a PE ratio of 18.00, a price-to-earnings-growth ratio of 1.00 and a beta of 1.26.
The firm also recently disclosed a quarterly dividend, which was paid on Monday, April 2nd. Stockholders of record on Friday, March 9th were paid a $0.09 dividend. This represents a $0.36 annualized dividend and a dividend yield of 1.97%. The ex-dividend date of this dividend was Thursday, March 8th. Regions Financial’s dividend payout ratio (DPR) is presently 36.00%.
In related news, EVP Ronald G. Smith sold 92,301 shares of the firm’s stock in a transaction on Friday, February 23rd. The shares were sold at an average price of $19.32, for a total value of $1,783,255.32. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Scott M. Peters sold 25,627 shares of the firm’s stock in a transaction on Wednesday, January 24th. The shares were sold at an average price of $19.50, for a total transaction of $499,726.50. Following the completion of the transaction, the executive vice president now directly owns 240,796 shares of the company’s stock, valued at $4,695,522. The disclosure for this sale can be found here. 0.84% of the stock is owned by corporate insiders.
A number of institutional investors and hedge funds have recently modified their holdings of RF. Welch Investments LLC bought a new stake in Regions Financial in the fourth quarter worth $120,000. Avestar Capital LLC bought a new stake in shares of Regions Financial in the fourth quarter valued at about $135,000. Steward Partners Investment Advisory LLC bought a new stake in shares of Regions Financial in the third quarter valued at about $150,000. Captrust Financial Advisors bought a new stake in shares of Regions Financial in the fourth quarter valued at about $166,000. Finally, Valeo Financial Advisors LLC raised its holdings in shares of Regions Financial by 152.4% in the fourth quarter. Valeo Financial Advisors LLC now owns 10,349 shares of the bank’s stock valued at $179,000 after acquiring an additional 6,249 shares in the last quarter. Institutional investors own 76.28% of the company’s stock.
A number of analysts have recently weighed in on the stock. Sandler O’Neill raised shares of Regions Financial from a “hold” rating to a “buy” rating in a research report on Monday, January 22nd. B. Riley reaffirmed a “hold” rating and issued a $19.00 target price on shares of Regions Financial in a research report on Monday, January 22nd. Piper Jaffray reaffirmed a “hold” rating and issued a $18.00 target price on shares of Regions Financial in a research report on Friday, January 19th. ValuEngine downgraded shares of Regions Financial from a “buy” rating to a “hold” rating in a research report on Tuesday, January 16th. Finally, Morgan Stanley increased their price objective on shares of Regions Financial from $20.00 to $21.00 and gave the company an “equal weight” rating in a research report on Friday, February 2nd. Three investment analysts have rated the stock with a sell rating, seventeen have assigned a hold rating, four have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus target price of $17.25.
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Regions Financial Company Profile
Regions Financial Corporation, together with its subsidiaries, provides banking and bank-related services to individual and corporate customers in the United States. Its Corporate Bank segment offers commercial banking services, such as commercial and industrial, commercial real estate, and investor real estate lending, as well as equipment lease financing services and corresponding deposits.
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