Regions Financial Corporation (NYSE:RF) – Wedbush boosted their FY2017 earnings per share estimates for Regions Financial in a research note issued on Tuesday. Wedbush analyst P. Winter now expects that the bank will earn $1.01 per share for the year, up from their previous estimate of $1.00.

Regions Financial (NYSE:RF) last posted its earnings results on Tuesday, October 24th. The bank reported $0.25 EPS for the quarter, hitting the Zacks’ consensus estimate of $0.25. Regions Financial had a return on equity of 7.56% and a net margin of 20.14%. The business had revenue of $1.44 billion for the quarter, compared to analysts’ expectations of $1.45 billion. During the same quarter in the previous year, the firm earned $0.24 earnings per share. The business’s revenue was down 1.3% compared to the same quarter last year.

Other analysts have also recently issued research reports about the company. SunTrust Banks reiterated a “buy” rating and set a $19.00 target price on shares of Regions Financial in a research report on Wednesday, November 29th. Goldman Sachs Group upgraded Regions Financial from a “buy” rating to a “conviction-buy” rating in a research report on Thursday, November 16th. Royal Bank Of Canada reiterated a “hold” rating and set a $16.00 target price on shares of Regions Financial in a research report on Wednesday, October 25th. FBR & Co reiterated a “hold” rating and set a $16.00 target price on shares of Regions Financial in a research report on Wednesday, October 25th. Finally, Piper Jaffray Companies reiterated a “hold” rating and set a $14.50 target price on shares of Regions Financial in a research report on Tuesday, September 19th. Four research analysts have rated the stock with a sell rating, sixteen have assigned a hold rating, two have given a buy rating and two have assigned a strong buy rating to the company’s stock. The stock has an average rating of “Hold” and an average target price of $15.63.

Shares of Regions Financial (NYSE:RF) opened at $16.87 on Wednesday. The company has a current ratio of 0.85, a quick ratio of 0.84 and a debt-to-equity ratio of 0.39. Regions Financial has a 52-week low of $13.00 and a 52-week high of $17.17. The company has a market capitalization of $19,660.00, a PE ratio of 17.34, a PEG ratio of 1.51 and a beta of 1.30.

The business also recently declared a quarterly dividend, which will be paid on Tuesday, January 2nd. Investors of record on Friday, December 8th will be issued a dividend of $0.09 per share. This represents a $0.36 dividend on an annualized basis and a dividend yield of 2.13%. The ex-dividend date is Thursday, December 7th. Regions Financial’s dividend payout ratio is currently 37.89%.

In other Regions Financial news, EVP Scott M. Peters sold 25,000 shares of Regions Financial stock in a transaction that occurred on Thursday, October 26th. The stock was sold at an average price of $15.84, for a total value of $396,000.00. Following the sale, the executive vice president now owns 121,459 shares of the company’s stock, valued at approximately $1,923,910.56. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP John B. Owen sold 40,000 shares of Regions Financial stock in a transaction that occurred on Tuesday, November 7th. The shares were sold at an average price of $15.67, for a total value of $626,800.00. The disclosure for this sale can be found here. Company insiders own 0.52% of the company’s stock.

Institutional investors and hedge funds have recently made changes to their positions in the business. OMERS ADMINISTRATION Corp purchased a new stake in Regions Financial in the 2nd quarter valued at approximately $1,259,000. Koch Industries Inc. purchased a new stake in Regions Financial in the 2nd quarter valued at approximately $614,000. Fjarde AP Fonden Fourth Swedish National Pension Fund boosted its holdings in Regions Financial by 17.9% in the 2nd quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 295,359 shares of the bank’s stock valued at $4,324,000 after purchasing an additional 44,909 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in Regions Financial by 35.6% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 432,686 shares of the bank’s stock valued at $6,335,000 after purchasing an additional 113,610 shares in the last quarter. Finally, Synovus Financial Corp boosted its holdings in Regions Financial by 4.8% in the 2nd quarter. Synovus Financial Corp now owns 155,071 shares of the bank’s stock valued at $2,272,000 after purchasing an additional 7,078 shares in the last quarter. 75.70% of the stock is currently owned by institutional investors.

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Regions Financial 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.

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

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