Regions Financial (NYSE:RF) is scheduled to be releasing its earnings data before the market opens on Friday, July 19th. Analysts expect Regions Financial to post earnings of $0.39 per share for the quarter.
Regions Financial (NYSE:RF) last issued its quarterly earnings results on Thursday, April 18th. The bank reported $0.37 EPS for the quarter, hitting the Zacks’ consensus estimate of $0.37. The business had revenue of $1.45 billion for the quarter, compared to analyst estimates of $1.46 billion. Regions Financial had a return on equity of 10.76% and a net margin of 26.38%. Regions Financial’s quarterly revenue was up .7% compared to the same quarter last year. During the same period last year, the company posted $0.35 earnings per share. On average, analysts expect Regions Financial to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.
Shares of Regions Financial stock opened at $15.23 on Friday. The stock’s fifty day simple moving average is $14.50. The company has a market capitalization of $15.41 billion, a price-to-earnings ratio of 11.20, a P/E/G ratio of 1.18 and a beta of 1.50. Regions Financial has a 12 month low of $12.39 and a 12 month high of $19.99. The company has a quick ratio of 0.90, a current ratio of 0.91 and a debt-to-equity ratio of 0.88.
The firm also recently declared a quarterly dividend, which was paid on Monday, July 1st. Investors of record on Friday, June 7th were issued a dividend of $0.14 per share. The ex-dividend date of this dividend was Thursday, June 6th. This represents a $0.56 dividend on an annualized basis and a yield of 3.68%. Regions Financial’s dividend payout ratio (DPR) is currently 41.18%.
Regions Financial announced that its Board of Directors has approved a share buyback program on Thursday, June 27th that allows the company to buyback $1.37 billion in outstanding shares. This buyback authorization allows the bank to repurchase up to 9% of its stock through open market purchases. Stock buyback programs are usually a sign that the company’s management believes its stock is undervalued.
In other news, COO John B. Owen sold 61,756 shares of Regions Financial stock in a transaction on Tuesday, April 23rd. The stock was sold at an average price of $15.25, for a total value of $941,779.00. Following the completion of the transaction, the chief operating officer now directly owns 127,152 shares in the company, valued at $1,939,068. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP David R. Keenan sold 30,877 shares of Regions Financial stock in a transaction on Friday, April 26th. The shares were sold at an average price of $15.50, for a total value of $478,593.50. Following the completion of the transaction, the executive vice president now owns 24,321 shares of the company’s stock, valued at $376,975.50. The disclosure for this sale can be found here. Over the last quarter, insiders sold 123,510 shares of company stock valued at $1,889,394. 0.28% of the stock is owned by company insiders.
A number of analysts have issued reports on the company. Sandler O’Neill raised First Bancorp from a “hold” rating to a “buy” rating in a research report on Monday, March 25th. Nomura raised their target price on Equinix from $480.00 to $500.00 and gave the stock a “buy” rating in a research report on Friday, March 29th. Bank of America set a $97.00 target price on Merck & Co., Inc. and gave the stock a “buy” rating in a research report on Thursday. Morgan Stanley downgraded Silicon Motion Technology from an “equal weight” rating to an “underweight” rating in a research report on Monday, April 22nd. Finally, Raymond James reissued a “buy” rating on shares of West Fraser Timber in a research report on Monday, April 22nd. Three research analysts have rated the stock with a sell rating, six have given a hold rating, six have assigned a buy rating and one has given a strong buy rating to the stock. The company presently has an average rating of “Hold” and a consensus target price of $17.54.
About Regions Financial
Regions Financial Corporation, a financial holding company, provides banking and bank-related services to individual and corporate customers in the United States. It operates through three segments: Corporate Bank, Consumer Bank, and Wealth Management. The Corporate Bank segment offers commercial banking services, such as commercial and industrial, commercial real estate, and investor real estate lending; equipment lease financing services; corresponding deposit products; and securities underwriting and placement, loan syndication and placement, foreign exchange, derivatives, merger and acquisition, and other advisory services.
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