Equities research analysts expect Regions Financial Corp (NYSE:RF) to report sales of $1.44 billion for the current quarter, Zacks reports. Twenty Four analysts have issued estimates for Regions Financial’s earnings, with the highest sales estimate coming in at $1.49 billion and the lowest estimate coming in at $1.41 billion. Regions Financial posted sales of $1.37 billion in the same quarter last year, which suggests a positive year-over-year growth rate of 5.1%. The business is scheduled to issue its next quarterly earnings results on Tuesday, April 17th.
According to Zacks, analysts expect that Regions Financial will report full year sales of $1.44 billion for the current financial year, with estimates ranging from $5.79 billion to $6.10 billion. For the next year, analysts anticipate that the business will post sales of $6.11 billion per share, with estimates ranging from $5.87 billion to $6.22 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of research firms that that provide coverage for Regions Financial.
Regions Financial (NYSE:RF) last announced its earnings results on Friday, January 19th. The bank reported $0.27 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.26 by $0.01. The company had revenue of $1.48 billion during the quarter, compared to analysts’ expectations of $1.45 billion. Regions Financial had a net margin of 20.48% and a return on equity of 7.87%. Regions Financial’s quarterly revenue was up 5.9% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.23 earnings per share.
In other Regions Financial news, EVP Scott M. Peters sold 25,627 shares of the business’s stock in a transaction dated Wednesday, January 24th. The stock was sold at an average price of $19.50, for a total transaction of $499,726.50. Following the completion of the transaction, the executive vice president now owns 240,796 shares of the company’s stock, valued at $4,695,522. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director John E. D. D. S. Maupin, Jr. sold 15,000 shares of the business’s stock in a transaction dated Tuesday, December 5th. The stock was sold at an average price of $17.04, for a total value of $255,600.00. Following the transaction, the director now directly owns 59,436 shares of the company’s stock, valued at approximately $1,012,789.44. The disclosure for this sale can be found here. 0.52% of the stock is currently owned by insiders.
A number of hedge funds and other institutional investors have recently modified their holdings of the business. Old Mutual Global Investors UK Ltd. increased its stake in shares of Regions Financial by 257.2% in the third quarter. Old Mutual Global Investors UK Ltd. now owns 9,538,317 shares of the bank’s stock valued at $145,268,000 after buying an additional 6,868,243 shares during the period. Sirios Capital Management L P acquired a new position in shares of Regions Financial in the fourth quarter valued at approximately $23,365,000. Boston Partners increased its stake in shares of Regions Financial by 3.7% in the third quarter. Boston Partners now owns 33,692,511 shares of the bank’s stock valued at $513,137,000 after buying an additional 1,191,474 shares during the period. Amundi Pioneer Asset Management Inc. acquired a new position in shares of Regions Financial in the fourth quarter valued at approximately $19,735,000. Finally, Assenagon Asset Management S.A. acquired a new position in shares of Regions Financial in the third quarter valued at approximately $12,314,000. 76.77% of the stock is owned by hedge funds and other institutional investors.
Shares of Regions Financial (NYSE RF) opened at $18.85 on Wednesday. The stock has a market cap of $21,870.00, a PE ratio of 18.85, a PEG ratio of 1.36 and a beta of 1.32. Regions Financial has a 52-week low of $13.00 and a 52-week high of $19.90. The company has a debt-to-equity ratio of 0.53, a current ratio of 0.86 and a quick ratio of 0.86.
The firm also recently announced 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. This represents a $0.36 annualized dividend and a yield of 1.91%. The ex-dividend date of this dividend is Thursday, March 8th. Regions Financial’s payout ratio is 36.00%.
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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.
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