Regions Financial Corporation (NYSE:RF) – Equities research analysts at Wedbush increased their Q2 2018 earnings estimates for Regions Financial Corporation in a report released on Wednesday. Wedbush analyst P. Winter now expects that the bank will post earnings per share of $0.28 for the quarter, up from their previous forecast 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.
Regions Financial Corporation (NYSE:RF) last released its quarterly earnings results on Tuesday, October 24th. The bank reported $0.25 earnings per share for the quarter, hitting the consensus estimate of $0.25. Regions Financial Corporation had a net margin of 20.14% and a return on equity of 7.56%. The firm had revenue of $1.44 billion during the quarter, compared to the consensus estimate of $1.45 billion. During the same quarter in the prior year, the firm earned $0.24 EPS. The company’s revenue for the quarter was down 1.3% on a year-over-year basis. COPYRIGHT VIOLATION NOTICE: “Analysts Issue Forecasts for Regions Financial Corporation’s Q2 2018 Earnings (RF)” was first published by The Ledger Gazette and is the property of of The Ledger Gazette. If you are accessing this story on another site, it was stolen and reposted in violation of US & international trademark and copyright law. The original version of this story can be read at https://ledgergazette.com/2017/10/28/analysts-issue-forecasts-for-regions-financial-corporations-q2-2018-earnings-rf.html.
Other analysts also recently issued research reports about the stock. Bank of America Corporation reissued a “buy” rating and set a $17.00 price objective on shares of Regions Financial Corporation in a report on Wednesday, July 26th. Keefe, Bruyette & Woods restated a “hold” rating and set a $15.50 target price on shares of Regions Financial Corporation in a research report on Friday, September 15th. Piper Jaffray Companies restated a “hold” rating and set a $14.50 target price on shares of Regions Financial Corporation in a research report on Thursday, August 17th. Deutsche Bank AG restated a “hold” rating on shares of Regions Financial Corporation in a research report on Monday, July 3rd. Finally, BidaskClub upgraded shares of Regions Financial Corporation from a “sell” rating to a “hold” rating in a research report on Thursday, August 3rd. Four equities research analysts have rated the stock with a sell rating, seventeen have issued a hold rating, four have assigned a buy rating and one has given a strong buy rating to the stock. Regions Financial Corporation presently has a consensus rating of “Hold” and a consensus target price of $15.10.
Regions Financial Corporation (NYSE:RF) traded down 0.57% on Friday, hitting $15.72. 11,897,783 shares of the company traded hands. The stock’s 50-day moving average is $14.62 and its 200 day moving average is $14.33. Regions Financial Corporation has a 12 month low of $10.32 and a 12 month high of $16.03. The stock has a market cap of $18.79 billion, a PE ratio of 16.43 and a beta of 1.34.
The business also recently declared a quarterly dividend, which will be paid on Tuesday, January 2nd. Investors of record on Friday, December 8th will be issued a $0.09 dividend. The ex-dividend date is Thursday, December 7th. This represents a $0.36 annualized dividend and a yield of 2.29%. Regions Financial Corporation’s dividend payout ratio is presently 37.50%.
In related news, Director Susan W. Matlock sold 10,000 shares of the company’s stock in a transaction on Friday, August 4th. The shares were sold at an average price of $15.23, for a total value of $152,300.00. Following the sale, the director now directly owns 32,188 shares of the company’s stock, valued at $490,223.24. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO David J. Turner, Jr. sold 65,000 shares of the company’s stock in a transaction on Monday, August 7th. The shares were sold at an average price of $14.95, for a total transaction of $971,750.00. Following the completion of the sale, the chief financial officer now directly owns 121,160 shares in the company, valued at $1,811,342. The disclosure for this sale can be found here. Insiders sold 100,000 shares of company stock worth $1,520,050 over the last ninety days. 0.52% of the stock is currently owned by corporate insiders.
Institutional investors and hedge funds have recently bought and sold shares of the stock. FNY Partners Fund LP acquired a new stake in Regions Financial Corporation in the first quarter valued at $103,000. Lloyds Banking Group plc acquired a new stake in Regions Financial Corporation in the second quarter valued at $108,000. Seven Eight Capital LP acquired a new stake in Regions Financial Corporation in the second quarter valued at $111,000. Sun Life Financial INC raised its holdings in Regions Financial Corporation by 98,133.3% in the second quarter. Sun Life Financial INC now owns 8,841 shares of the bank’s stock valued at $129,000 after acquiring an additional 8,832 shares in the last quarter. Finally, Salem Investment Counselors Inc. raised its holdings 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 in the last quarter. 75.68% 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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