Wall Street analysts forecast that Regions Financial Corp (NYSE:RF) will announce $0.31 earnings per share for the current fiscal quarter, Zacks reports. Twenty Four analysts have made estimates for Regions Financial’s earnings, with estimates ranging from $0.29 to $0.33. Regions Financial reported earnings per share of $0.23 during the same quarter last year, which indicates a positive year-over-year growth rate of 34.8%. The business is scheduled to issue its next earnings report on Tuesday, April 17th.
According to Zacks, analysts expect that Regions Financial will report full year earnings of $1.34 per share for the current financial year, with EPS estimates ranging from $1.28 to $1.40. For the next fiscal year, analysts anticipate that the business will post earnings of $1.49 per share, with EPS estimates ranging from $1.40 to $1.60. Zacks Investment Research’s earnings per share averages are an average based on a survey of sell-side research analysts that that provide coverage for Regions Financial.
Regions Financial (NYSE:RF) last posted its quarterly earnings data 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 company had revenue of $1.48 billion for the quarter, compared to the consensus estimate of $1.45 billion. Regions Financial had a net margin of 20.48% and a return on equity of 7.87%. The business’s revenue was up 5.9% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.23 EPS.
In other news, EVP Scott M. Peters sold 25,627 shares of the company’s stock in a transaction that occurred on Wednesday, January 24th. The shares were sold at an average price of $19.50, for a total transaction of $499,726.50. Following the transaction, the executive vice president now directly owns 240,796 shares in the company, valued at $4,695,522. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director John E. D. D. S. Maupin, Jr. sold 15,000 shares of the company’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 transaction of $255,600.00. Following the transaction, the director now owns 59,436 shares in the company, valued at $1,012,789.44. The disclosure for this sale can be found here. 0.52% of the stock is currently owned by corporate insiders.
Several hedge funds have recently made changes to their positions in RF. Macquarie Group Ltd. lifted its position in shares of Regions Financial by 29.6% during the second quarter. Macquarie Group Ltd. now owns 51,242 shares of the bank’s stock worth $750,000 after purchasing an additional 11,700 shares in the last quarter. Arrowstreet Capital Limited Partnership acquired a new position in shares of Regions Financial during the second quarter worth approximately $1,848,000. Raymond James Financial Services Advisors Inc. lifted its position in shares of Regions Financial by 1.6% during the second quarter. Raymond James Financial Services Advisors Inc. now owns 109,428 shares of the bank’s stock worth $1,602,000 after purchasing an additional 1,774 shares in the last quarter. Piedmont Investment Advisors LLC lifted its position in shares of Regions Financial by 3.6% during the second quarter. Piedmont Investment Advisors LLC now owns 108,413 shares of the bank’s stock worth $1,587,000 after purchasing an additional 3,728 shares in the last quarter. Finally, Dynamic Technology Lab Private Ltd lifted its position in shares of Regions Financial by 194.0% during the second quarter. Dynamic Technology Lab Private Ltd now owns 36,225 shares of the bank’s stock worth $531,000 after purchasing an additional 23,902 shares in the last quarter. Institutional investors own 76.77% of the company’s stock.
Regions Financial (RF) traded up $0.20 during midday trading on Monday, reaching $18.47. 9,323,609 shares of the company were exchanged, compared to its average volume of 11,480,000. The company has a market capitalization of $21,420.00, a PE ratio of 18.47, a P/E/G ratio of 1.36 and a beta of 1.32. Regions Financial has a twelve month low of $13.00 and a twelve month high of $19.90. The company has a debt-to-equity ratio of 0.53, a quick ratio of 0.86 and a current ratio of 0.86.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, April 2nd. Shareholders of record on Friday, March 9th will be paid a dividend of $0.09 per share. The ex-dividend date of this dividend is Thursday, March 8th. This represents a $0.36 annualized dividend and a yield of 1.95%. Regions Financial’s dividend payout ratio is 36.00%.
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.
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