$0.26 Earnings Per Share Expected for Regions Financial Corporation (RF) This Quarter
Brokerages expect Regions Financial Corporation (NYSE:RF) to post earnings per share of $0.26 for the current quarter, according to Zacks. Twenty Three analysts have provided estimates for Regions Financial’s earnings. The highest EPS estimate is $0.28 and the lowest is $0.25. Regions Financial reported earnings per share of $0.23 during the same quarter last year, which suggests a positive year over year growth rate of 13%. The firm is expected to announce its next quarterly earnings results on Friday, January 19th.
According to Zacks, analysts expect that Regions Financial will report full year earnings of $0.99 per share for the current fiscal year, with EPS estimates ranging from $0.98 to $1.01. For the next year, analysts expect that the firm will report earnings of $1.12 per share, with EPS estimates ranging from $1.08 to $1.15. Zacks Investment Research’s EPS averages are a mean average based on a survey of research firms that cover Regions Financial.
Regions Financial (NYSE:RF) last issued its earnings results on Tuesday, October 24th. The bank reported $0.25 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.25. The firm had revenue of $1.44 billion for the quarter, compared to analyst estimates of $1.45 billion. Regions Financial had a return on equity of 7.56% and a net margin of 20.14%. Regions Financial’s revenue for the quarter was down 1.3% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.24 earnings per share.
In related news, EVP Scott M. Peters sold 25,000 shares of the firm’s stock in a transaction that occurred on Thursday, October 26th. The stock was sold at an average price of $15.84, for a total transaction of $396,000.00. Following the transaction, the executive vice president now owns 121,459 shares in the company, valued at approximately $1,923,910.56. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director John E. D. D S. Maupin, Jr. sold 15,000 shares of the firm’s stock in a transaction that occurred on Tuesday, December 5th. The stock was sold at an average price of $17.04, for a total value of $255,600.00. The disclosure for this sale can be found here. Insiders have sold a total of 80,000 shares of company stock worth $1,278,400 in the last three months. Corporate insiders own 0.52% of the company’s stock.
Several hedge funds have recently made changes to their positions in the business. Salem Investment Counselors Inc. boosted its stake in shares of Regions Financial by 0.3% in the second quarter. Salem Investment Counselors Inc. now owns 9,124 shares of the bank’s stock valued at $134,000 after buying an additional 26 shares in the last quarter. IFC Holdings Incorporated FL boosted its stake in shares of Regions Financial by 0.3% in the second quarter. IFC Holdings Incorporated FL now owns 20,289 shares of the bank’s stock valued at $295,000 after buying an additional 58 shares in the last quarter. Advisor Partners LLC boosted its stake in shares of Regions Financial by 0.3% in the second quarter. Advisor Partners LLC now owns 20,041 shares of the bank’s stock valued at $293,000 after buying an additional 59 shares in the last quarter. Lbmc Investment Advisors LLC boosted its stake in shares of Regions Financial by 0.3% in the second quarter. Lbmc Investment Advisors LLC now owns 31,904 shares of the bank’s stock valued at $467,000 after buying an additional 109 shares in the last quarter. Finally, Cadence Capital Management LLC boosted its stake in shares of Regions Financial by 0.5% in the second quarter. Cadence Capital Management LLC now owns 51,617 shares of the bank’s stock valued at $756,000 after buying an additional 244 shares in the last quarter. Institutional investors own 75.70% of the company’s stock.
Shares of Regions Financial (NYSE RF) traded down $0.08 during trading hours on Wednesday, reaching $16.87. The company’s stock had a trading volume of 11,925,100 shares, compared to its average volume of 15,162,780. Regions Financial has a one year low of $13.00 and a one year high of $17.17. The firm has a market capitalization of $19,661.51, a P/E ratio of 17.66, a PEG ratio of 1.53 and a beta of 1.30. The company has a debt-to-equity ratio of 0.39, a current ratio of 0.85 and a quick ratio of 0.84.
The business also recently declared a quarterly dividend, which will be paid on Tuesday, January 2nd. Shareholders of record on Friday, December 8th will be given a $0.09 dividend. This represents a $0.36 dividend on an annualized basis and a yield of 2.13%. The ex-dividend date of this dividend is Thursday, December 7th. Regions Financial’s dividend payout ratio is currently 37.50%.
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About Regions Financial
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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