Regions Financial Corporation (RF) Expected to Post Earnings of $0.25 Per Share

Wall Street brokerages expect that Regions Financial Corporation (NYSE:RF) will report $0.25 earnings per share (EPS) for the current fiscal quarter, Zacks Investment Research reports. Twenty Four analysts have provided estimates for Regions Financial Corporation’s earnings, with the lowest EPS estimate coming in at $0.24 and the highest estimate coming in at $0.26. Regions Financial Corporation reported earnings per share of $0.24 in the same quarter last year, which would indicate a positive year-over-year growth rate of 4.2%. The business is scheduled to announce its next earnings results before the market opens on Tuesday, October 24th.

On average, analysts expect that Regions Financial Corporation will report full-year earnings of $0.99 per share for the current financial year, with EPS estimates ranging from $0.97 to $1.01. For the next financial year, analysts anticipate that the business will post earnings of $1.12 per share, with EPS estimates ranging from $1.08 to $1.26. Zacks Investment Research’s earnings per share averages are an average based on a survey of analysts that follow Regions Financial Corporation.

Regions Financial Corporation (NYSE:RF) last released its quarterly earnings results on Friday, July 21st. The bank reported $0.25 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.24 by $0.01. Regions Financial Corporation had a net margin of 20.25% and a return on equity of 7.51%. The business had revenue of $1.42 billion for the quarter, compared to analyst estimates of $1.43 billion. During the same period in the previous year, the company earned $0.20 earnings per share. The business’s revenue for the quarter was up 2.0% on a year-over-year basis.

Several equities research analysts recently commented on RF shares. BidaskClub lowered shares of Regions Financial Corporation from a “hold” rating to a “sell” rating in a research note on Tuesday, July 25th. Vining Sparks raised shares of Regions Financial Corporation from an “outperform” rating to a “strong-buy” rating in a research report on Wednesday, July 26th. Robert W. Baird downgraded shares of Regions Financial Corporation from a “neutral” rating to an “underperform” rating and set a $13.00 price objective on the stock. in a research report on Monday, October 2nd. Piper Jaffray Companies reissued a “hold” rating and set a $14.50 price objective on shares of Regions Financial Corporation in a research report on Thursday, August 17th. Finally, Keefe, Bruyette & Woods reissued a “hold” rating and set a $15.50 price objective on shares of Regions Financial Corporation in a research report on Friday, September 15th. Four analysts have rated the stock with a sell rating, sixteen have assigned a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company’s stock. Regions Financial Corporation has an average rating of “Hold” and an average price target of $14.95.

In related news, EVP Scott M. Peters sold 13,689 shares of the firm’s stock in a transaction dated Wednesday, July 26th. The shares were sold at an average price of $14.61, for a total value of $199,996.29. Following the completion of the sale, the executive vice president now owns 147,528 shares in the company, valued at $2,155,384.08. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Susan W. Matlock sold 10,000 shares of the firm’s stock in a transaction dated Friday, August 4th. The shares were sold at an average price of $15.23, for a total transaction of $152,300.00. Following the completion of the sale, the director now owns 32,188 shares of the company’s stock, valued at approximately $490,223.24. The disclosure for this sale can be found here. Insiders sold 124,514 shares of company stock valued at $1,846,733 in the last quarter. Company insiders own 0.52% of the company’s stock.

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Salem Investment Counselors Inc. raised its position in Regions Financial Corporation by 0.3% during the second quarter. Salem Investment Counselors Inc. now owns 9,124 shares of the bank’s stock worth $134,000 after acquiring an additional 26 shares during the last quarter. IFC Holdings Incorporated FL raised its position in Regions Financial Corporation by 0.3% during the second quarter. IFC Holdings Incorporated FL now owns 20,289 shares of the bank’s stock worth $295,000 after acquiring an additional 58 shares during the last quarter. Advisor Partners LLC raised its position in Regions Financial Corporation by 0.3% during the second quarter. Advisor Partners LLC now owns 20,041 shares of the bank’s stock worth $293,000 after acquiring an additional 59 shares during the last quarter. Lbmc Investment Advisors LLC raised its position in Regions Financial Corporation by 0.3% during the second quarter. Lbmc Investment Advisors LLC now owns 31,904 shares of the bank’s stock worth $467,000 after acquiring an additional 109 shares during the last quarter. Finally, Huntington National Bank raised its position in Regions Financial Corporation by 0.9% during the second quarter. Huntington National Bank now owns 17,347 shares of the bank’s stock worth $254,000 after acquiring an additional 161 shares during the last quarter. Institutional investors own 75.53% of the company’s stock.

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Regions Financial Corporation (NYSE RF) traded down 0.54% during trading on Tuesday, reaching $14.83. 9,732,046 shares of the company’s stock traded hands. The company has a 50 day moving average price of $14.41 and a 200-day moving average price of $14.30. Regions Financial Corporation has a 12-month low of $9.87 and a 12-month high of $16.03. The company has a market cap of $17.72 billion, a PE ratio of 15.50 and a beta of 1.34.

Regions Financial Corporation announced that its Board of Directors has approved a stock buyback plan on Wednesday, June 28th that authorizes the company to repurchase $1.47 billion in shares. This repurchase authorization authorizes the bank to reacquire up to 8.7% of its stock through open market purchases. Stock repurchase plans are usually a sign that the company’s leadership believes its shares are undervalued.

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 29th. Investors of record on Friday, September 8th were paid a $0.09 dividend. This is a boost from Regions Financial Corporation’s previous quarterly dividend of $0.07. The ex-dividend date of this dividend was Thursday, September 7th. This represents a $0.36 annualized dividend and a dividend yield of 2.43%. Regions Financial Corporation’s dividend payout ratio (DPR) is 37.89%.

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

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