Regions Financial Corporation (NYSE:RF) – Stock analysts at SunTrust Banks upped their Q1 2018 earnings per share (EPS) estimates for Regions Financial in a report released on Monday. SunTrust Banks analyst J. Demba now expects that the bank will post earnings of $0.27 per share for the quarter, up from their prior forecast of $0.26. SunTrust Banks currently has a “Buy” rating and a $19.00 target price on the stock. SunTrust Banks also issued estimates for Regions Financial’s Q2 2018 earnings at $0.30 EPS, Q3 2018 earnings at $0.32 EPS, Q4 2018 earnings at $0.33 EPS, FY2018 earnings at $1.22 EPS and FY2019 earnings at $1.36 EPS.
Regions Financial (NYSE:RF) last announced its quarterly earnings data on Tuesday, October 24th. The bank reported $0.25 earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ 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 in the prior year, the firm posted $0.24 earnings per share. Regions Financial’s revenue for the quarter was down 1.3% compared to the same quarter last year.
Shares of Regions Financial (NYSE:RF) opened at $17.78 on Tuesday. Regions Financial has a one year low of $13.00 and a one year high of $17.92. The stock has a market capitalization of $20,620.00, a P/E ratio of 18.72, a price-to-earnings-growth ratio of 1.23 and a beta of 1.30. The company has a current ratio of 0.85, a quick ratio of 0.84 and a debt-to-equity ratio of 0.39.
Hedge funds and other institutional investors have recently modified their holdings of the business. Salem Investment Counselors Inc. lifted its position in shares of Regions Financial by 0.3% during 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 last quarter. Sentry Investment Management LLC lifted its position in shares of Regions Financial by 0.7% during 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 last quarter. Moors & Cabot Inc. lifted its position in shares of Regions Financial by 1.8% during 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 last quarter. Woodmont Investment Counsel LLC lifted its position in shares of Regions Financial by 8.3% during the 2nd quarter. Woodmont Investment Counsel LLC now owns 11,724 shares of the bank’s stock valued at $172,000 after acquiring an additional 894 shares during the last quarter. Finally, Thrivent Financial For Lutherans lifted its position in shares of Regions Financial by 3.0% during the 2nd quarter. Thrivent Financial For Lutherans now owns 45,537 shares of the bank’s stock valued at $667,000 after acquiring an additional 1,310 shares during the last quarter. 75.25% of the stock is owned by hedge funds and other institutional investors.
In other Regions Financial news, EVP John B. Owen sold 40,000 shares of the stock in a transaction on Tuesday, November 7th. The stock was sold at an average price of $15.67, for a total transaction of $626,800.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director John E. D. D. S. Maupin, Jr. sold 15,000 shares of the stock in a transaction on Tuesday, December 5th. The shares were 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 of the company’s stock, valued at $1,012,789.44. The disclosure for this sale can be found here. Insiders sold a total of 80,000 shares of company stock valued at $1,278,400 over the last three months. Corporate insiders own 0.52% of the company’s stock.
The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, January 2nd. Investors of record on Friday, December 8th were issued a $0.09 dividend. This represents a $0.36 dividend on an annualized basis and a yield of 2.02%. The ex-dividend date of this dividend was Thursday, December 7th. Regions Financial’s dividend payout ratio (DPR) is 37.89%.
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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