Regions Financial Corp. (RF) to Release Quarterly Earnings on Tuesday
Regions Financial Corp. (NYSE:RF) is scheduled to be posting its Q316 quarterly earnings results on Tuesday, October 18th. Analysts expect Regions Financial Corp. to post earnings of $0.21 per share and revenue of $1.38 billion for the quarter.
Shares of Regions Financial Corp. (NYSE:RF) opened at 10.05 on Monday. Regions Financial Corp. has a 52 week low of $7.00 and a 52 week high of $10.47. The firm’s 50-day moving average is $9.89 and its 200-day moving average is $9.25. The stock has a market capitalization of $12.61 billion, a price-to-earnings ratio of 12.64 and a beta of 1.44.
The company also recently declared a quarterly dividend, which will be paid on Tuesday, January 3rd. Stockholders of record on Friday, December 9th will be given a $0.065 dividend. This represents a $0.26 dividend on an annualized basis and a dividend yield of 2.59%. The ex-dividend date is Wednesday, December 7th. Regions Financial Corp.’s dividend payout ratio is currently 32.91%.
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In other Regions Financial Corp. news, EVP Ellen S. Jones sold 10,000 shares of Regions Financial Corp. stock in a transaction that occurred on Thursday, August 18th. The stock was sold at an average price of $9.53, for a total transaction of $95,300.00. Following the sale, the executive vice president now directly owns 54,886 shares in the company, valued at approximately $523,063.58. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP C. Keith Herron sold 38,753 shares of Regions Financial Corp. stock in a transaction that occurred on Tuesday, August 9th. The stock was sold at an average price of $9.38, for a total value of $363,503.14. Following the sale, the executive vice president now owns 290,384 shares in the company, valued at $2,723,801.92. The disclosure for this sale can be found here. Corporate insiders own 0.88% of the company’s stock.
A number of large investors have recently bought and sold shares of the company. Sei Investments Co. increased its stake in Regions Financial Corp. by 55.0% in the second quarter. Sei Investments Co. now owns 113,182 shares of the company’s stock valued at $962,000 after buying an additional 40,151 shares in the last quarter. Fifth Third Bancorp increased its stake in Regions Financial Corp. by 218.3% in the second quarter. Fifth Third Bancorp now owns 26,285 shares of the company’s stock valued at $224,000 after buying an additional 18,026 shares in the last quarter. Janney Montgomery Scott LLC increased its stake in Regions Financial Corp. by 9.3% in the second quarter. Janney Montgomery Scott LLC now owns 61,648 shares of the company’s stock valued at $592,000 after buying an additional 5,221 shares in the last quarter. Public Sector Pension Investment Board increased its stake in Regions Financial Corp. by 14.2% in the second quarter. Public Sector Pension Investment Board now owns 240,011 shares of the company’s stock valued at $2,042,000 after buying an additional 29,800 shares in the last quarter. Finally, National Pension Service increased its stake in Regions Financial Corp. by 18.7% in the second quarter. National Pension Service now owns 1,056,497 shares of the company’s stock valued at $8,991,000 after buying an additional 166,436 shares in the last quarter. Institutional investors own 74.29% of the company’s stock.
RF has been the subject of a number of research analyst reports. FBR & Co restated a “buy” rating and issued a $10.50 price target on shares of Regions Financial Corp. in a research report on Wednesday, July 20th. Wedbush initiated coverage on Regions Financial Corp. in a research report on Thursday, October 6th. They issued an “outperform” rating and a $12.00 price target for the company. They noted that the move was a valuation call. Evercore ISI restated a “buy” rating and issued a $10.00 price target (up previously from $9.00) on shares of Regions Financial Corp. in a research report on Friday, July 22nd. Credit Suisse Group AG set a $9.50 price target on Regions Financial Corp. and gave the company a “hold” rating in a research report on Wednesday, September 14th. Finally, Bank of America Corp. cut Regions Financial Corp. from a “buy” rating to a “neutral” rating in a research report on Wednesday, June 29th. One analyst has rated the stock with a sell rating, thirteen have assigned a hold rating, twelve have given a buy rating and one has given a strong buy rating to the stock. Regions Financial Corp. has a consensus rating of “Hold” and a consensus target price of $10.34.
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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