Regions Financial Corp (NYSE:RF) – Investment analysts at B. Riley raised their Q1 2018 earnings per share (EPS) estimates for shares of Regions Financial in a report issued on Monday. B. Riley analyst S. Moss now expects that the bank will post earnings of $0.31 per share for the quarter, up from their prior forecast of $0.30. B. Riley currently has a “Hold” rating and a $19.00 target price on the stock. B. Riley also issued estimates for Regions Financial’s Q2 2018 earnings at $0.33 EPS, Q3 2018 earnings at $0.36 EPS, Q4 2018 earnings at $0.36 EPS and FY2018 earnings at $1.35 EPS.
Regions Financial (NYSE:RF) last posted its earnings results on Friday, January 19th. The bank reported $0.27 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.26 by $0.01. The firm had revenue of $1.48 billion for the quarter, compared to the consensus estimate of $1.45 billion. Regions Financial had a return on equity of 7.87% and a net margin of 20.48%. The business’s quarterly revenue was up 5.9% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.23 earnings per share.
Shares of Regions Financial (NYSE:RF) opened at $19.16 on Tuesday. The stock has a market capitalization of $22,230.00, a price-to-earnings ratio of 19.16, a price-to-earnings-growth ratio of 1.07 and a beta of 1.30. Regions Financial has a 12-month low of $13.00 and a 12-month high of $19.17. The company has a current ratio of 0.86, a quick ratio of 0.86 and a debt-to-equity ratio of 0.53.
In related news, EVP Scott M. Peters sold 25,000 shares of the stock in a transaction 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 in the company, valued at $1,923,910.56. The sale 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 stock in a transaction on Tuesday, December 5th. The stock was sold at an average price of $17.04, for a total value of $255,600.00. Following the completion of the sale, the director now owns 59,436 shares in the company, valued at approximately $1,012,789.44. The disclosure for this sale can be found here. Insiders sold 80,000 shares of company stock worth $1,278,400 in the last quarter. 0.52% of the stock is currently owned by company insiders.
Hedge funds have recently modified their holdings of the stock. Koch Industries Inc. bought a new position in Regions Financial in the second quarter valued at $614,000. Pinebridge Investments L.P. increased its stake in Regions Financial by 5.7% in the third quarter. Pinebridge Investments L.P. now owns 758,442 shares of the bank’s stock valued at $11,551,000 after acquiring an additional 40,919 shares during the last quarter. Cipher Capital LP bought a new position in Regions Financial in the third quarter valued at $1,160,000. Toronto Dominion Bank increased its stake in Regions Financial by 24.8% in the second quarter. Toronto Dominion Bank now owns 408,156 shares of the bank’s stock valued at $5,974,000 after acquiring an additional 81,188 shares during the last quarter. Finally, Colonial Trust Advisors increased its stake in Regions Financial by 54.5% in the second quarter. Colonial Trust Advisors now owns 34,184 shares of the bank’s stock valued at $500,000 after acquiring an additional 12,060 shares during the last quarter. Institutional investors own 75.32% 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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