Regions Financial Corp (NYSE:RF) – Investment analysts at B. Riley issued their FY2018 earnings per share estimates for shares of Regions Financial in a note issued to investors on Tuesday, January 8th. B. Riley analyst S. Moss anticipates that the bank will post earnings of $1.46 per share for the year. B. Riley has a “Hold” rating and a $20.00 price objective on the stock. B. Riley also issued estimates for Regions Financial’s Q4 2018 earnings at $0.38 EPS and Q2 2019 earnings at $0.38 EPS.
RF has been the topic of several other reports. Raymond James raised Regions Financial from an “outperform” rating to a “strong-buy” rating in a research note on Wednesday, October 31st. They noted that the move was a valuation call. Vining Sparks reissued a “buy” rating and set a $22.00 target price on shares of Regions Financial in a research note on Tuesday, October 9th. JPMorgan Chase & Co. raised Regions Financial from a “neutral” rating to an “overweight” rating in a research note on Monday, November 26th. Barclays reduced their target price on Regions Financial from $20.00 to $17.00 and set an “underweight” rating on the stock in a research note on Wednesday, January 2nd. Finally, UBS Group raised Regions Financial from a “neutral” rating to a “buy” rating in a research note on Tuesday. Three equities research analysts have rated the stock with a sell rating, five have assigned a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of $18.28.
Regions Financial (NYSE:RF) last announced its quarterly earnings data on Tuesday, October 23rd. The bank reported $0.32 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.36 by ($0.04). Regions Financial had a net margin of 26.39% and a return on equity of 10.15%. The company had revenue of $1.46 billion during the quarter, compared to the consensus estimate of $1.47 billion. During the same quarter in the previous year, the firm posted $0.25 EPS. The business’s revenue for the quarter was up 5.9% compared to the same quarter last year.
The firm also recently announced a quarterly dividend, which was paid on Wednesday, January 2nd. Stockholders of record on Friday, December 7th were paid a dividend of $0.14 per share. The ex-dividend date of this dividend was Thursday, December 6th. This represents a $0.56 annualized dividend and a dividend yield of 3.79%. Regions Financial’s dividend payout ratio (DPR) is presently 56.00%.
Institutional investors and hedge funds have recently bought and sold shares of the company. Stratos Wealth Partners LTD. purchased a new stake in Regions Financial in the third quarter worth $114,000. Rational Advisors LLC grew its stake in Regions Financial by 245.8% in the third quarter. Rational Advisors LLC now owns 6,217 shares of the bank’s stock worth $114,000 after purchasing an additional 4,419 shares during the period. Flagship Harbor Advisors LLC purchased a new stake in Regions Financial in the second quarter worth $116,000. NEXT Financial Group Inc purchased a new stake in Regions Financial in the third quarter worth $150,000. Finally, Independent Advisor Alliance purchased a new stake in Regions Financial in the third quarter worth $180,000. 76.91% of the stock is currently owned by hedge funds and other institutional investors.
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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