Brokerages expect Regions Financial Corporation (NYSE:RF) to report $1.45 billion in sales for the current quarter, Zacks Investment Research reports. Twenty Three analysts have provided estimates for Regions Financial’s earnings. The highest sales estimate is $1.47 billion and the lowest is $1.43 billion. Regions Financial posted sales of $1.38 billion in the same quarter last year, which would suggest a positive year-over-year growth rate of 5.1%. The company is scheduled to announce its next quarterly earnings results on Friday, January 19th.

According to Zacks, analysts expect that Regions Financial will report full-year sales of $1.45 billion for the current fiscal year, with estimates ranging from $5.62 billion to $5.78 billion. For the next fiscal year, analysts forecast that the company will post sales of $5.92 billion per share, with estimates ranging from $5.80 billion to $6.10 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of analysts that cover Regions Financial.

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

Several analysts have weighed in on the stock. Jefferies Group reissued a “hold” rating and set a $16.00 target price on shares of Regions Financial in a research report on Friday, August 11th. Royal Bank Of Canada reissued a “hold” rating and set a $16.00 target price on shares of Regions Financial in a research report on Wednesday, October 25th. Piper Jaffray Companies restated a “hold” rating and set a $14.50 price objective on shares of Regions Financial in a research note on Thursday, August 17th. Keefe, Bruyette & Woods restated a “hold” rating and set a $15.50 price objective on shares of Regions Financial in a research note on Wednesday, August 16th. Finally, SunTrust Banks restated a “buy” rating and set a $19.00 price objective on shares of Regions Financial in a research note on Wednesday, November 29th. Four analysts have rated the stock with a sell rating, sixteen have assigned a hold rating, two have issued a buy rating and two have issued a strong buy rating to the stock. The stock currently has an average rating of “Hold” and an average price target of $15.63.

Regions Financial (RF) opened at $16.97 on Friday. The company has a debt-to-equity ratio of 0.39, a current ratio of 0.85 and a quick ratio of 0.84. Regions Financial has a 12-month low of $13.00 and a 12-month high of $17.17. The stock has a market cap of $19,464.31, a P/E ratio of 17.48, a PEG ratio of 1.52 and a beta of 1.30.

The company also recently announced a quarterly dividend, which will be paid on Tuesday, January 2nd. Investors of record on Friday, December 8th will be issued a $0.09 dividend. The ex-dividend date of this dividend is Thursday, December 7th. This represents a $0.36 annualized dividend and a yield of 2.12%. Regions Financial’s dividend payout ratio (DPR) is 37.50%.

In related news, 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 shares were sold at an average price of $17.04, for a total value of $255,600.00. Following the sale, the director now owns 59,436 shares of the company’s stock, valued at $1,012,789.44. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, EVP Scott M. Peters sold 25,000 shares of the firm’s stock in a transaction that occurred on Thursday, October 26th. The shares were sold at an average price of $15.84, for a total transaction of $396,000.00. Following the completion of the sale, the executive vice president now directly owns 121,459 shares in the company, valued at approximately $1,923,910.56. The disclosure for this sale can be found here. In the last ninety days, insiders sold 80,000 shares of company stock worth $1,278,400. 0.52% of the stock is owned by corporate insiders.

A number of institutional investors have recently made changes to their positions in the business. Lloyds Banking Group plc purchased a new position in shares of Regions Financial during the second quarter worth approximately $108,000. Seven Eight Capital LP acquired a new stake in Regions Financial in the second quarter valued at $111,000. Sun Life Financial INC lifted its holdings in Regions Financial by 98,133.3% in the second quarter. Sun Life Financial INC now owns 8,841 shares of the bank’s stock valued at $129,000 after acquiring an additional 8,832 shares during the period. Salem Investment Counselors Inc. lifted its holdings in 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 acquiring an additional 26 shares during the period. Finally, Captrust Financial Advisors acquired a new stake in Regions Financial in the second quarter valued at $139,000. Institutional investors own 75.70% of the company’s stock.

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

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