Regions Financial Corporation (NYSE:RF) – Equities research analysts at Wedbush lifted their Q1 2018 earnings per share (EPS) estimates for shares of Regions Financial in a report issued on Thursday. Wedbush analyst P. Winter now forecasts that the bank will post earnings per share of $0.30 for the quarter, up from their prior forecast of $0.26. Wedbush currently has a “Outperform” rating and a $20.00 target price on the stock. Wedbush also issued estimates for Regions Financial’s Q2 2018 earnings at $0.32 EPS, Q3 2018 earnings at $0.34 EPS, Q4 2018 earnings at $0.36 EPS, FY2018 earnings at $1.32 EPS, Q1 2019 earnings at $0.34 EPS, Q2 2019 earnings at $0.36 EPS, Q3 2019 earnings at $0.38 EPS and FY2019 earnings at $1.46 EPS.
Regions Financial (NYSE:RF) last issued its 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 had a net margin of 20.14% and a return on equity of 7.56%. The company had revenue of $1.44 billion for the quarter, compared to analyst estimates of $1.45 billion. During the same period in the prior year, the business posted $0.24 earnings per share. The firm’s revenue for the quarter was down 1.3% compared to the same quarter last year.
Regions Financial (NYSE RF) opened at $17.47 on Friday. The company has a current ratio of 0.85, a quick ratio of 0.84 and a debt-to-equity ratio of 0.39. Regions Financial has a 1 year low of $13.00 and a 1 year high of $17.58. The firm has a market cap of $20,287.89, a PE ratio of 18.20, a price-to-earnings-growth ratio of 1.58 and a beta of 1.30.
Institutional investors have recently added to or reduced their stakes in the business. Salem Investment Counselors Inc. raised its position in shares of Regions Financial by 0.3% in the 2nd 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 period. Lbmc Investment Advisors LLC raised its position in shares of Regions Financial by 0.3% in the 2nd 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 period. Cadence Capital Management LLC raised its position in shares of Regions Financial by 0.5% in the 2nd quarter. Cadence Capital Management LLC now owns 51,617 shares of the bank’s stock valued at $756,000 after acquiring an additional 244 shares during the period. Sentry Investment Management LLC raised its position in shares of Regions Financial by 0.7% in the 2nd quarter. Sentry Investment Management LLC now owns 53,166 shares of the bank’s stock valued at $778,000 after acquiring an additional 345 shares during the period. Finally, Moors & Cabot Inc. raised its position in shares of Regions Financial by 1.8% in the 2nd quarter. Moors & Cabot Inc. now owns 38,785 shares of the bank’s stock valued at $567,000 after acquiring an additional 702 shares during the period. Institutional investors own 75.25% of the company’s stock.
In other Regions Financial news, Director John E. D. D. S. Maupin, Jr. sold 15,000 shares of the company’s stock in a transaction dated Tuesday, December 5th. The shares were sold at an average price of $17.04, for a total transaction of $255,600.00. Following the transaction, the director now directly owns 59,436 shares in the company, valued at approximately $1,012,789.44. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP Scott M. Peters sold 25,000 shares of the company’s stock in a transaction dated Thursday, October 26th. The shares were sold at an average price of $15.84, for a total transaction of $396,000.00. Following the transaction, the executive vice president now owns 121,459 shares in the company, valued at $1,923,910.56. The disclosure for this sale can be found here. In the last three months, insiders have sold 80,000 shares of company stock worth $1,278,400. Insiders own 0.52% of the company’s stock.
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 2nd. Shareholders of record on Friday, December 8th will be issued a dividend of $0.09 per share. This represents a $0.36 dividend on an annualized basis and a yield of 2.06%. The ex-dividend date is Thursday, December 7th. Regions Financial’s dividend payout ratio is currently 37.50%.
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.
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