FY2016 EPS Estimates for Regions Financial Corp. (RF) Cut by Analyst
Regions Financial Corp. (NYSE:RF) – Jefferies Group dropped their FY2016 earnings per share estimates for shares of Regions Financial Corp. in a research report issued to clients and investors on Tuesday. Jefferies Group analyst K. Usdin now forecasts that the firm will post earnings per share of $0.85 for the year, down from their previous estimate of $0.86. Jefferies Group currently has a “Buy” rating and a $9.50 target price on the stock. Jefferies Group also issued estimates for Regions Financial Corp.’s Q1 2017 earnings at $0.22 EPS, Q3 2017 earnings at $0.24 EPS and FY2017 earnings at $0.94 EPS.
Regions Financial Corp. (NYSE:RF) last issued its earnings results on Tuesday, July 19th. The company reported $0.20 EPS for the quarter, missing the consensus estimate of $0.21 by $0.01. The business had revenue of $1.40 billion for the quarter, compared to the consensus estimate of $1.37 billion. Regions Financial Corp. had a net margin of 18.63% and a return on equity of 6.65%.
RF has been the topic of a number of other research reports. Sanford C. Bernstein lowered shares of Regions Financial Corp. from an “outperform” rating to a “market perform” rating and decreased their target price for the stock from $9.56 to $9.50 in a report on Tuesday, August 16th. They noted that the move was a valuation call. Bank of America Corp. lowered shares of Regions Financial Corp. from a “buy” rating to a “neutral” rating in a report on Wednesday, June 29th. Credit Suisse Group AG set a $9.50 target price on shares of Regions Financial Corp. and gave the stock a “hold” rating in a report on Wednesday, September 14th. Raymond James Financial Inc. lowered shares of Regions Financial Corp. from a “strong-buy” rating to an “outperform” rating and set a $10.50 target price on the stock. in a report on Thursday, October 6th. Finally, Barclays PLC reaffirmed a “sell” rating and set a $10.00 target price on shares of Regions Financial Corp. in a report on Tuesday. One analyst has rated the stock with a sell rating, thirteen have issued a hold rating, twelve have issued a buy rating and one has given a strong buy rating to the company’s stock. Regions Financial Corp. currently has an average rating of “Hold” and a consensus price target of $10.34.
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Shares of Regions Financial Corp. (NYSE:RF) traded down 3.662% during trading on Thursday, hitting $9.865. 9,934,814 shares of the stock traded hands. The firm has a 50-day moving average of $9.87 and a 200-day moving average of $9.23. Regions Financial Corp. has a 1-year low of $7.00 and a 1-year high of $10.47. The firm has a market capitalization of $12.38 billion, a price-to-earnings ratio of 12.409 and a beta of 1.44.
In related news, EVP C. Keith Herron sold 38,753 shares of the stock in a transaction dated Tuesday, August 9th. The shares were sold at an average price of $9.38, for a total value of $363,503.14. Following the completion of the transaction, the executive vice president now directly owns 290,384 shares in the company, valued at approximately $2,723,801.92. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Ellen S. Jones sold 10,000 shares of the stock in a transaction dated Thursday, August 18th. The stock was sold at an average price of $9.53, for a total transaction of $95,300.00. Following the completion of the transaction, the executive vice president now owns 54,886 shares of the company’s stock, valued at $523,063.58. The disclosure for this sale can be found here. 0.88% of the stock is currently owned by corporate insiders.
A number of hedge funds have recently made changes to their positions in the stock. Meiji Yasuda Asset Management Co Ltd. increased its stake in shares of Regions Financial Corp. by 6.2% in the second quarter. Meiji Yasuda Asset Management Co Ltd. now owns 12,215 shares of the company’s stock valued at $104,000 after buying an additional 710 shares during the period. Kanaly Trust Co increased its stake in shares of Regions Financial Corp. by 9.6% in the second quarter. Kanaly Trust Co now owns 13,044 shares of the company’s stock valued at $111,000 after buying an additional 1,145 shares during the period. Wesbanco Bank Inc. increased its stake in shares of Regions Financial Corp. by 14.2% in the second quarter. Wesbanco Bank Inc. now owns 13,329 shares of the company’s stock valued at $114,000 after buying an additional 1,662 shares during the period. Paradigm Financial Advisors LLC purchased a new stake in shares of Regions Financial Corp. during the second quarter valued at approximately $119,000. Finally, Woodmont Investment Counsel LLC increased its stake in shares of Regions Financial Corp. by 3.1% in the second quarter. Woodmont Investment Counsel LLC now owns 14,144 shares of the company’s stock valued at $120,000 after buying an additional 426 shares during the period. 74.29% of the stock is currently owned by institutional investors.
Regions Financial Corp. Company Profile
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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