Analysts Expect Regions Financial Corporation (RF) to Announce $0.26 Earnings Per Share

Brokerages expect that Regions Financial Corporation (NYSE:RF) will report $0.26 earnings per share for the current quarter, Zacks reports. Twenty Three analysts have provided estimates for Regions Financial’s earnings, with the lowest EPS estimate coming in at $0.25 and the highest estimate coming in at $0.28. Regions Financial reported earnings per share of $0.23 during the same quarter last year, which would indicate a positive year-over-year growth rate of 13%. The firm is expected to issue its next quarterly earnings results on Friday, January 19th.

On average, analysts expect that Regions Financial will report full-year earnings of $0.99 per share for the current year, with EPS estimates ranging from $0.98 to $1.01. For the next fiscal year, analysts forecast that the company will report earnings of $1.14 per share, with EPS estimates ranging from $1.09 to $1.32. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of sell-side research firms that follow Regions Financial.

Regions Financial (NYSE:RF) last issued its earnings results on Tuesday, October 24th. The bank reported $0.25 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $0.25. Regions Financial had a return on equity of 7.56% and a net margin of 20.14%. The firm had revenue of $1.44 billion for the quarter, compared to analysts’ expectations of $1.45 billion. During the same quarter last year, the business earned $0.24 earnings per share. The company’s revenue was down 1.3% compared to the same quarter last year.

Several equities analysts have recently weighed in on the company. Wedbush upgraded Regions Financial from a “neutral” rating to an “outperform” rating and set a $20.00 price objective on the stock in a report on Thursday, December 21st. UBS Group upgraded Regions Financial from a “sell” rating to a “neutral” rating and lifted their price objective for the company from $15.00 to $18.00 in a report on Tuesday, December 12th. Keefe, Bruyette & Woods reiterated a “hold” rating and set a $15.00 price objective on shares of Regions Financial in a report on Tuesday, October 3rd. Piper Jaffray Companies reiterated a “hold” rating and set a $14.50 price objective on shares of Regions Financial in a report on Tuesday, September 19th. Finally, Robert W. Baird lowered Regions Financial from a “neutral” rating to an “underperform” rating and set a $13.00 target price on the stock. in a research report on Monday, October 2nd. Three analysts have rated the stock with a sell rating, sixteen have given a hold rating, three have assigned a buy rating and two have given a strong buy rating to the company’s stock. Regions Financial has an average rating of “Hold” and a consensus target price of $16.13.

Regions Financial (NYSE RF) traded down $0.05 during trading hours on Friday, hitting $17.30. The stock had a trading volume of 4,524,581 shares, compared to its average volume of 14,835,025. Regions Financial has a fifty-two week low of $13.00 and a fifty-two week high of $17.58. The company has a debt-to-equity ratio of 0.39, a current ratio of 0.85 and a quick ratio of 0.84. The company has a market cap of $20,150.00, a PE ratio of 18.21, a PEG ratio of 1.58 and a beta of 1.30.

The business also recently declared a quarterly dividend, which will be paid on Tuesday, January 2nd. Shareholders of record on Friday, December 8th will be given a dividend of $0.09 per share. This represents a $0.36 annualized dividend and a dividend yield of 2.08%. The ex-dividend date of this dividend is Thursday, December 7th. Regions Financial’s dividend payout ratio (DPR) is 37.89%.

In other Regions Financial news, EVP Scott M. Peters sold 25,000 shares of the business’s stock in a transaction that occurred on Thursday, October 26th. The stock was 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 of the company’s stock, valued at approximately $1,923,910.56. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director John E. D. D. S. Maupin, Jr. sold 15,000 shares of the business’s stock in a transaction that occurred on Tuesday, December 5th. The stock was sold at an average price of $17.04, for a total value 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 disclosure for this sale can be found here. Insiders have sold a total of 80,000 shares of company stock worth $1,278,400 in the last ninety days. Insiders own 0.52% of the company’s stock.

Several large investors have recently bought and sold shares of RF. Janus Henderson Group PLC increased its holdings in shares of Regions Financial by 8,065.3% during the 2nd quarter. Janus Henderson Group PLC now owns 13,067,310 shares of the bank’s stock worth $191,306,000 after acquiring an additional 12,907,276 shares during the last quarter. Old Mutual Global Investors UK Ltd. increased its holdings in shares of Regions Financial by 257.2% during the 3rd quarter. Old Mutual Global Investors UK Ltd. now owns 9,538,317 shares of the bank’s stock worth $145,268,000 after acquiring an additional 6,868,243 shares during the last quarter. Samlyn Capital LLC increased its holdings in shares of Regions Financial by 63.0% during the 2nd quarter. Samlyn Capital LLC now owns 9,074,895 shares of the bank’s stock worth $132,856,000 after acquiring an additional 3,506,995 shares during the last quarter. Shapiro Capital Management LLC acquired a new position in shares of Regions Financial during the 2nd quarter worth approximately $47,308,000. Finally, Parametric Portfolio Associates LLC increased its holdings in shares of Regions Financial by 66.2% during the 2nd quarter. Parametric Portfolio Associates LLC now owns 6,319,165 shares of the bank’s stock worth $92,513,000 after acquiring an additional 2,517,411 shares during the last quarter. 75.25% of the stock is currently owned by hedge funds and other institutional investors.

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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.

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Earnings History and Estimates for Regions Financial (NYSE:RF)

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