Regions Financial Corp (NYSE:RF) – Wedbush lowered their Q4 2017 earnings estimates for Regions Financial Corp in a research note issued on Tuesday. Wedbush analyst P. Winter now anticipates that the bank will post earnings per share of $0.25 for the quarter, down from their prior forecast of $0.27. Wedbush has a “Outperform” rating and a $16.00 price target on the stock. Wedbush also issued estimates for Regions Financial Corp’s Q3 2018 earnings at $0.29 EPS, Q4 2018 earnings at $0.29 EPS and FY2018 earnings at $1.11 EPS.

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

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

Other equities analysts have also recently issued reports about the company. Keefe, Bruyette & Woods reissued a “hold” rating and set a $15.00 target price on shares of Regions Financial Corp in a research note on Monday, April 3rd. Rafferty Capital Markets cut Regions Financial Corp from a “buy” rating to a “hold” rating in a research note on Thursday. Jefferies Group LLC reissued a “hold” rating and set a $16.00 target price on shares of Regions Financial Corp in a research note on Wednesday, April 5th. FBR & Co set a $18.00 target price on Regions Financial Corp and gave the company a “buy” rating in a research note on Wednesday. Finally, Compass Point cut Regions Financial Corp from a “buy” rating to a “neutral” rating and set a $15.00 target price on the stock. in a research note on Monday, January 23rd. One analyst has rated the stock with a sell rating, fifteen have given a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the stock. Regions Financial Corp presently has a consensus rating of “Hold” and an average target price of $13.50.

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Regions Financial Corp (NYSE:RF) traded down 1.61% on Friday, hitting $13.42. The stock had a trading volume of 10,805,172 shares. Regions Financial Corp has a 1-year low of $7.80 and a 1-year high of $16.03. The stock has a market capitalization of $16.17 billion, a price-to-earnings ratio of 15.35 and a beta of 1.37. The company has a 50-day moving average price of $14.53 and a 200-day moving average price of $13.60.

A number of hedge funds and other institutional investors have recently bought and sold shares of RF. Wells Fargo & Company MN increased its position in Regions Financial Corp by 2.7% in the third quarter. Wells Fargo & Company MN now owns 11,203,448 shares of the bank’s stock worth $110,578,000 after buying an additional 299,006 shares in the last quarter. Savant Capital LLC increased its position in Regions Financial Corp by 7.4% in the third quarter. Savant Capital LLC now owns 15,277 shares of the bank’s stock worth $151,000 after buying an additional 1,050 shares in the last quarter. World Asset Management Inc increased its position in Regions Financial Corp by 0.6% in the third quarter. World Asset Management Inc now owns 129,221 shares of the bank’s stock worth $1,275,000 after buying an additional 815 shares in the last quarter. DnB Asset Management AS increased its position in Regions Financial Corp by 1.7% in the third quarter. DnB Asset Management AS now owns 192,114 shares of the bank’s stock worth $1,896,000 after buying an additional 3,200 shares in the last quarter. Finally, Mitsubishi UFJ Kokusai Asset Management Co. Ltd. increased its position in Regions Financial Corp by 1.4% in the third quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 194,548 shares of the bank’s stock worth $1,920,000 after buying an additional 2,691 shares in the last quarter. 74.09% of the stock is currently owned by institutional investors.

In other Regions Financial Corp news, EVP C. Matthew Lusco sold 43,000 shares of the stock in a transaction dated Monday, January 30th. The stock was sold at an average price of $14.52, for a total value of $624,360.00. Following the transaction, the executive vice president now owns 59,960 shares of the company’s stock, valued at $870,619.20. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, EVP Barbara Godin sold 15,000 shares of the stock in a transaction dated Wednesday, February 15th. The shares were sold at an average price of $15.60, for a total value of $234,000.00. Following the completion of the transaction, the executive vice president now directly owns 3,086 shares in the company, valued at approximately $48,141.60. The disclosure for this sale can be found here. In the last three months, insiders sold 158,848 shares of company stock worth $2,318,675. 0.88% of the stock is owned by corporate insiders.

The company also recently announced a quarterly dividend, which will be paid on Friday, June 30th. Shareholders of record on Friday, June 9th will be issued a $0.07 dividend. This is an increase from Regions Financial Corp’s previous quarterly dividend of $0.07. This represents a $0.28 dividend on an annualized basis and a yield of 2.05%. Regions Financial Corp’s dividend payout ratio is currently 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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