Zacks: Brokerages Anticipate Regions Financial Co. (NYSE:RF) to Post $0.52 EPS

Equities analysts expect Regions Financial Co. (NYSE:RF) to announce earnings per share (EPS) of $0.52 for the current fiscal quarter, according to Zacks. Seven analysts have made estimates for Regions Financial’s earnings, with the lowest EPS estimate coming in at $0.45 and the highest estimate coming in at $0.58. Regions Financial reported earnings of ($0.23) per share in the same quarter last year, which would indicate a positive year-over-year growth rate of 326.1%. The firm is scheduled to issue its next earnings report before the market opens on Friday, July 23rd.

According to Zacks, analysts expect that Regions Financial will report full-year earnings of $2.15 per share for the current financial year, with EPS estimates ranging from $1.99 to $2.30. For the next year, analysts expect that the business will post earnings of $1.99 per share, with EPS estimates ranging from $1.70 to $2.18. Zacks Investment Research’s EPS calculations are a mean average based on a survey of research analysts that cover Regions Financial.

Regions Financial (NYSE:RF) last posted its quarterly earnings data on Thursday, April 22nd. The bank reported $0.63 EPS for the quarter, topping analysts’ consensus estimates of $0.48 by $0.15. The business had revenue of $1.61 billion for the quarter, compared to analyst estimates of $1.56 billion. Regions Financial had a return on equity of 9.70% and a net margin of 23.34%. During the same period in the previous year, the company posted $0.14 earnings per share.

Several equities analysts recently issued reports on RF shares. Stephens boosted their price target on Regions Financial from $23.00 to $25.00 and gave the company an “overweight” rating in a research note on Tuesday, March 30th. Compass Point boosted their target price on Regions Financial from $24.00 to $25.00 and gave the stock a “buy” rating in a report on Tuesday, May 18th. Raymond James downgraded Regions Financial from an “outperform” rating to a “market perform” rating in a report on Thursday, July 8th. Keefe, Bruyette & Woods downgraded Regions Financial from an “outperform” rating to an “underperform” rating and set a $18.00 target price on the stock. in a report on Wednesday, July 7th. Finally, Barclays boosted their target price on Regions Financial from $22.00 to $23.00 and gave the stock an “underweight” rating in a report on Monday, April 26th. Two investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and ten have assigned a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus price target of $21.35.

Shares of Regions Financial stock traded down $0.22 during trading on Thursday, reaching $19.02. The company’s stock had a trading volume of 176,179 shares, compared to its average volume of 6,914,855. Regions Financial has a one year low of $10.44 and a one year high of $23.81. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.83 and a current ratio of 0.85. The company has a market cap of $18.28 billion, a price-to-earnings ratio of 12.60, a price-to-earnings-growth ratio of 1.26 and a beta of 1.52. The stock has a fifty day moving average price of $21.16.

The firm also recently announced a quarterly dividend, which will be paid on Friday, October 1st. Shareholders of record on Friday, September 3rd will be given a dividend of $0.17 per share. This is a boost from Regions Financial’s previous quarterly dividend of $0.16. This represents a $0.68 annualized dividend and a dividend yield of 3.58%. Regions Financial’s payout ratio is presently 59.62%.

In other Regions Financial news, CFO David J. Turner, Jr. sold 88,000 shares of the stock in a transaction dated Tuesday, April 27th. The stock was sold at an average price of $21.11, for a total transaction of $1,857,680.00. Following the completion of the transaction, the chief financial officer now owns 160,891 shares in the company, valued at approximately $3,396,409.01. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP Scott M. Peters sold 12,000 shares of the stock in a transaction dated Tuesday, April 27th. The stock was sold at an average price of $21.00, for a total value of $252,000.00. Following the transaction, the executive vice president now owns 23,036 shares of the company’s stock, valued at approximately $483,756. The disclosure for this sale can be found here. Insiders own 0.21% of the company’s stock.

A number of hedge funds have recently added to or reduced their stakes in the business. Massmutual Trust Co. FSB ADV boosted its stake in shares of Regions Financial by 23.9% during the 1st quarter. Massmutual Trust Co. FSB ADV now owns 2,720 shares of the bank’s stock worth $56,000 after buying an additional 525 shares during the last quarter. GHP Investment Advisors Inc. lifted its stake in Regions Financial by 0.4% in the 1st quarter. GHP Investment Advisors Inc. now owns 140,230 shares of the bank’s stock valued at $2,897,000 after purchasing an additional 526 shares during the last quarter. Stonebridge Capital Advisors LLC lifted its stake in Regions Financial by 4.4% in the 4th quarter. Stonebridge Capital Advisors LLC now owns 13,264 shares of the bank’s stock valued at $214,000 after purchasing an additional 564 shares during the last quarter. AMG National Trust Bank lifted its stake in Regions Financial by 1.1% in the 1st quarter. AMG National Trust Bank now owns 58,877 shares of the bank’s stock valued at $1,217,000 after purchasing an additional 622 shares during the last quarter. Finally, Lido Advisors LLC lifted its stake in Regions Financial by 4.9% in the 1st quarter. Lido Advisors LLC now owns 13,599 shares of the bank’s stock valued at $283,000 after purchasing an additional 637 shares during the last quarter. Hedge funds and other institutional investors own 72.01% of the company’s stock.

About Regions Financial

Regions Financial Corporation, a financial holding company, provides banking and bank-related services to individual and corporate customers. 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; 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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Earnings History and Estimates for Regions Financial (NYSE:RF)

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