Wall Street analysts predict that Regions Financial Corp (NYSE:RF) will post sales of $1.44 billion for the current fiscal quarter, Zacks reports. Twenty Four analysts have made estimates for Regions Financial’s earnings, with the lowest sales estimate coming in at $1.40 billion and the highest estimate coming in at $1.46 billion. Regions Financial reported sales of $1.37 billion in the same quarter last year, which would suggest a positive year-over-year growth rate of 5.1%. The firm is scheduled to report its next earnings results before the market opens on Friday, April 20th.
According to Zacks, analysts expect that Regions Financial will report full-year sales of $5.91 billion for the current financial year, with estimates ranging from $5.81 billion to $5.99 billion. For the next year, analysts expect that the firm will post sales of $6.11 billion per share, with estimates ranging from $5.84 billion to $6.27 billion. Zacks’ sales averages are a mean average based on a survey of sell-side analysts that cover Regions Financial.
Regions Financial (NYSE:RF) last issued 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. Regions Financial had a return on equity of 7.87% and a net margin of 20.48%. The company had revenue of $1.48 billion for the quarter, compared to analyst estimates of $1.45 billion. During the same quarter last year, the company posted $0.23 earnings per share. The business’s quarterly revenue was up 5.9% compared to the same quarter last year.
In other news, EVP Ronald G. Smith sold 92,301 shares of Regions Financial stock in a transaction that occurred on Friday, February 23rd. The shares were sold at an average price of $19.32, for a total transaction of $1,783,255.32. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Scott M. Peters sold 25,627 shares of Regions Financial 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 sale, the executive vice president now owns 240,796 shares of the company’s stock, valued at $4,695,522. The disclosure for this sale can be found here. 0.84% of the stock is currently owned by company insiders.
Hedge funds have recently bought and sold shares of the company. Green Square Capital LLC increased its stake in shares of Regions Financial by 417.3% during the 4th quarter. Green Square Capital LLC now owns 89,112 shares of the bank’s stock worth $1,548,000 after purchasing an additional 71,884 shares in the last quarter. Xact Kapitalforvaltning AB increased its stake in shares of Regions Financial by 6.4% during the 4th quarter. Xact Kapitalforvaltning AB now owns 216,053 shares of the bank’s stock worth $3,733,000 after purchasing an additional 12,938 shares in the last quarter. Massmutual Trust Co. FSB ADV increased its stake in shares of Regions Financial by 51,131.6% during the 4th quarter. Massmutual Trust Co. FSB ADV now owns 160,355 shares of the bank’s stock worth $3,260,000 after purchasing an additional 160,042 shares in the last quarter. Envestnet Asset Management Inc. increased its stake in shares of Regions Financial by 3.6% during the 4th quarter. Envestnet Asset Management Inc. now owns 131,309 shares of the bank’s stock worth $2,268,000 after purchasing an additional 4,602 shares in the last quarter. Finally, Delek Group Ltd. purchased a new position in shares of Regions Financial during the 4th quarter worth approximately $669,000. Institutional investors own 76.28% of the company’s stock.
Shares of RF traded down $0.47 during mid-day trading on Friday, hitting $18.51. 10,682,041 shares of the company’s stock were exchanged, compared to its average volume of 11,186,713. Regions Financial has a fifty-two week low of $13.00 and a fifty-two week high of $20.21. The company has a market capitalization of $20,677.65, a price-to-earnings ratio of 18.51, a price-to-earnings-growth ratio of 1.03 and a beta of 1.26. 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 business also recently declared a quarterly dividend, which was paid on Monday, April 2nd. Stockholders of record on Friday, March 9th were given a dividend of $0.09 per share. The ex-dividend date of this dividend was Thursday, March 8th. This represents a $0.36 dividend on an annualized basis and a dividend yield of 1.94%. Regions Financial’s payout ratio is 36.00%.
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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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