Jefferies Financial Group Weighs in on Regions Financial Corp’s FY2018 Earnings (RF)

Regions Financial Corp (NYSE:RF) – Equities researchers at Jefferies Financial Group dropped their FY2018 EPS estimates for Regions Financial in a note issued to investors on Tuesday, January 8th. Jefferies Financial Group analyst K. Usdin now expects that the bank will post earnings per share of $1.47 for the year, down from their previous forecast of $1.48. Jefferies Financial Group also issued estimates for Regions Financial’s Q1 2019 earnings at $0.38 EPS, Q2 2019 earnings at $0.40 EPS, Q3 2019 earnings at $0.41 EPS, Q4 2019 earnings at $0.41 EPS, FY2019 earnings at $1.60 EPS and FY2020 earnings at $1.66 EPS.

Regions Financial (NYSE:RF) last posted its quarterly earnings data on Tuesday, October 23rd. The bank reported $0.32 EPS for the quarter, missing the consensus estimate of $0.36 by ($0.04). The firm had revenue of $1.46 billion during the quarter, compared to analysts’ expectations of $1.47 billion. Regions Financial had a net margin of 26.39% and a return on equity of 10.15%. Regions Financial’s revenue for the quarter was up 5.9% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.25 EPS.

RF has been the subject of a number of other research reports. Raymond James raised shares of Regions Financial from an “outperform” rating to a “strong-buy” rating in a research report on Wednesday, October 31st. They noted that the move was a valuation call. Vining Sparks reissued a “buy” rating and issued a $22.00 price objective on shares of Regions Financial in a research report on Tuesday, October 9th. JPMorgan Chase & Co. raised shares of Regions Financial from a “neutral” rating to an “overweight” rating in a research report on Monday, November 26th. Barclays cut their price objective on shares of 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, B. Riley set a $20.00 price target on shares of Regions Financial and gave the company a “hold” rating in a research report on Monday, October 15th. Three 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. The stock currently has an average rating of “Hold” and an average target price of $18.28.

Regions Financial stock opened at $14.78 on Friday. The company has a quick ratio of 0.88, a current ratio of 0.88 and a debt-to-equity ratio of 0.80. Regions Financial has a 1-year low of $12.39 and a 1-year high of $20.21. The stock has a market cap of $15.20 billion, a PE ratio of 14.78, a PEG ratio of 0.75 and a beta of 1.40.

Institutional investors have recently added to or reduced their stakes in the stock. LSV Asset Management grew its holdings in shares of Regions Financial by 0.3% in the third quarter. LSV Asset Management now owns 28,691,540 shares of the bank’s stock valued at $526,489,000 after purchasing an additional 87,899 shares in the last quarter. JPMorgan Chase & Co. grew its holdings in shares of Regions Financial by 17.7% in the third quarter. JPMorgan Chase & Co. now owns 20,054,121 shares of the bank’s stock valued at $367,993,000 after purchasing an additional 3,013,569 shares in the last quarter. Millennium Management LLC grew its holdings in shares of Regions Financial by 52.7% in the second quarter. Millennium Management LLC now owns 19,743,411 shares of the bank’s stock valued at $351,038,000 after purchasing an additional 6,813,530 shares in the last quarter. Dimensional Fund Advisors LP grew its holdings in shares of Regions Financial by 1.1% in the third quarter. Dimensional Fund Advisors LP now owns 14,318,052 shares of the bank’s stock valued at $262,751,000 after purchasing an additional 152,841 shares in the last quarter. Finally, Bank of America Corp DE grew its holdings in shares of Regions Financial by 0.8% in the second quarter. Bank of America Corp DE now owns 12,496,685 shares of the bank’s stock valued at $222,190,000 after purchasing an additional 95,653 shares in the last quarter. Hedge funds and other institutional investors own 76.91% of the company’s stock.

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, January 2nd. Investors of record on Friday, December 7th were given a dividend of $0.14 per share. This represents a $0.56 annualized dividend and a yield of 3.79%. The ex-dividend date of this dividend was Thursday, December 6th. Regions Financial’s payout ratio is currently 56.00%.

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

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