Regions Financial (NYSE:RF – Get Rating) is scheduled to be announcing its earnings results before the market opens on Friday, April 22nd. Analysts expect the company to announce earnings of $0.49 per share for the quarter. Persons that are interested in participating in the company’s earnings conference call can do so using this link.
Regions Financial (NYSE:RF – Get Rating) last posted its quarterly earnings data on Thursday, January 20th. The bank reported $0.44 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.49 by ($0.05). The business had revenue of $1.63 billion during the quarter, compared to analysts’ expectations of $1.63 billion. Regions Financial had a return on equity of 15.33% and a net margin of 38.17%. The business’s quarterly revenue was down 3.1% compared to the same quarter last year. During the same period in the previous year, the business posted $0.62 EPS. On average, analysts expect Regions Financial to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.
RF opened at $20.73 on Friday. The company has a current ratio of 0.84, a quick ratio of 0.83 and a debt-to-equity ratio of 0.14. The company has a market cap of $19.43 billion, a price-to-earnings ratio of 8.36, a PEG ratio of 0.61 and a beta of 1.29. The company’s 50 day moving average is $22.89 and its 200 day moving average is $23.01. Regions Financial has a 12-month low of $18.02 and a 12-month high of $25.57.
A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Deutsche Bank AG increased its position in Regions Financial by 11.3% in the fourth quarter. Deutsche Bank AG now owns 3,238,200 shares of the bank’s stock worth $70,592,000 after purchasing an additional 328,459 shares during the last quarter. Barclays PLC increased its position in Regions Financial by 10.7% in the fourth quarter. Barclays PLC now owns 2,774,028 shares of the bank’s stock worth $60,471,000 after purchasing an additional 268,979 shares during the last quarter. California State Teachers Retirement System increased its position in Regions Financial by 1.5% in the fourth quarter. California State Teachers Retirement System now owns 1,723,711 shares of the bank’s stock worth $37,577,000 after purchasing an additional 25,984 shares during the last quarter. State of Tennessee Treasury Department increased its position in Regions Financial by 29.6% in the fourth quarter. State of Tennessee Treasury Department now owns 739,771 shares of the bank’s stock worth $16,127,000 after purchasing an additional 168,974 shares during the last quarter. Finally, Allstate Corp increased its position in Regions Financial by 323.5% in the fourth quarter. Allstate Corp now owns 145,380 shares of the bank’s stock worth $3,169,000 after purchasing an additional 111,050 shares during the last quarter. Institutional investors own 74.88% of the company’s stock.
A number of research firms recently issued reports on RF. Wolfe Research downgraded shares of Regions Financial from an “outperform” rating to a “peer perform” rating and dropped their price objective for the stock from $29.00 to $24.00 in a report on Thursday, April 7th. UBS Group began coverage on shares of Regions Financial in a research note on Wednesday, January 12th. They set a “buy” rating and a $32.00 target price on the stock. Barclays upgraded shares of Regions Financial from an “underweight” rating to an “equal weight” rating and set a $26.00 target price on the stock in a research note on Monday, January 3rd. StockNews.com began coverage on shares of Regions Financial in a research note on Thursday, March 31st. They set a “hold” rating on the stock. Finally, JPMorgan Chase & Co. raised their target price on shares of Regions Financial from $26.50 to $27.00 in a research note on Thursday, February 3rd. One analyst has rated the stock with a sell rating, seven have issued a hold rating and eight have issued a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $26.17.
Regions Financial Company Profile (Get Rating)
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.
- Get a free copy of the StockNews.com research report on Regions Financial (RF)
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