Regions Financial Corp (NYSE:RF) – Stock analysts at Jefferies Group reduced their Q4 2017 earnings per share estimates for shares of Regions Financial Corp in a report issued on Tuesday. Jefferies Group analyst K. Usdin now anticipates that the bank will post earnings per share of $0.26 for the quarter, down from their prior estimate of $0.27. Jefferies Group currently has a “Hold” rating and a $16.00 price target on the stock.

Regions Financial Corp (NYSE:RF) last announced its quarterly earnings results on Tuesday, April 18th. The bank reported $0.23 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.22 by $0.01. Regions Financial Corp had a net margin of 19.49% and a return on equity of 7.09%. The firm earned $1.39 billion during the quarter, compared to the consensus estimate of $1.40 billion. During the same period last year, the firm posted $0.20 EPS. The firm’s quarterly revenue was up .1% on a year-over-year basis.

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

A number of other brokerages have also issued reports on RF. Stephens lowered shares of Regions Financial Corp from an “overweight” rating to an “equal weight” rating in a report on Wednesday, March 1st. FBR & Co reiterated a “buy” rating on shares of Regions Financial Corp in a report on Monday, January 23rd. Barclays PLC raised their price objective on shares of Regions Financial Corp from $10.00 to $15.00 and gave the company an “underweight” rating in a report on Tuesday, January 3rd. Keefe, Bruyette & Woods reiterated a “hold” rating and issued a $14.50 price objective on shares of Regions Financial Corp in a report on Wednesday. Finally, Goldman Sachs Group Inc dropped their price objective on shares of Regions Financial Corp to $17.00 and set a “buy” rating for the company in a report on Thursday, March 30th. One equities research analyst has rated the stock with a sell rating, fifteen have assigned a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the stock. Regions Financial Corp has a consensus rating of “Hold” and an average target price of $13.50.

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Shares of Regions Financial Corp (NYSE:RF) traded down 1.61% during trading on Friday, reaching $13.42. 10,805,172 shares of the company traded hands. The company has a 50-day moving average of $14.53 and a 200-day moving average of $13.60. Regions Financial Corp has a 12 month low of $7.80 and a 12 month high of $16.03. The stock has a market capitalization of $16.17 billion, a PE ratio of 15.35 and a beta of 1.37.

Hedge funds have recently bought and sold shares of the stock. Covenant Asset Management LLC acquired a new stake in Regions Financial Corp during the first quarter valued at about $1,620,000. State of Alaska Department of Revenue acquired a new stake in Regions Financial Corp during the first quarter valued at about $776,000. Nisa Investment Advisors LLC increased its stake in Regions Financial Corp by 7.1% in the first quarter. Nisa Investment Advisors LLC now owns 456,032 shares of the bank’s stock valued at $6,626,000 after buying an additional 30,123 shares during the last quarter. DnB Asset Management AS increased its stake in Regions Financial Corp by 7.9% in the first quarter. DnB Asset Management AS now owns 130,714 shares of the bank’s stock valued at $1,899,000 after buying an additional 9,600 shares during the last quarter. Finally, Vicus Capital acquired a new stake in Regions Financial Corp during the first quarter valued at about $667,000. 74.09% of the stock is owned by institutional investors and hedge funds.

In related news, EVP Barbara Godin sold 35,000 shares of Regions Financial Corp stock in a transaction on Tuesday, January 24th. The shares were sold at an average price of $14.18, for a total value of $496,300.00. Following the completion of the sale, the executive vice president now owns 18,086 shares of the company’s stock, valued at approximately $256,459.48. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, EVP C. Matthew Lusco sold 43,000 shares of Regions Financial Corp stock in a transaction on Monday, January 30th. The shares were sold at an average price of $14.52, for a total transaction of $624,360.00. Following the completion of the sale, the executive vice president now directly owns 59,960 shares of the company’s stock, valued at approximately $870,619.20. The disclosure for this sale can be found here. In the last three months, insiders sold 158,848 shares of company stock valued at $2,318,675. 0.88% of the stock is currently owned by insiders.

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 30th. Investors of record on Friday, June 9th will be given a $0.07 dividend. This represents a $0.28 annualized dividend and a yield of 2.05%. This is an increase from Regions Financial Corp’s previous quarterly dividend of $0.07. Regions Financial Corp’s dividend payout ratio (DPR) is presently 29.89%.

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.

5 Day Chart for NYSE:RF

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