$0.54 Earnings Per Share Expected for Regions Financial Co. (NYSE:RF) This Quarter

Brokerages forecast that Regions Financial Co. (NYSE:RF – Get Rating) will post earnings per share of $0.54 for the current quarter, according to Zacks. Eight analysts have issued estimates for Regions Financial’s earnings. The highest EPS estimate is $0.58 and the lowest is $0.50. Regions Financial posted earnings per share of $0.77 during the same quarter last year, which indicates a negative year over year growth rate of 29.9%. The company is expected to report its next earnings report on Monday, January 1st.

According to Zacks, analysts expect that Regions Financial will report full year earnings of $2.22 per share for the current financial year, with EPS estimates ranging from $2.09 to $2.48. For the next fiscal year, analysts expect that the firm will post earnings of $2.41 per share, with EPS estimates ranging from $2.25 to $2.94. Zacks’ earnings per share averages are a mean average based on a survey of sell-side research firms that follow Regions Financial.

Regions Financial (NYSE:RF – Get Rating) last posted its earnings results on Friday, April 22nd. The bank reported $0.55 earnings per share for the quarter, beating analysts’ consensus estimates of $0.47 by $0.08. Regions Financial had a net margin of 36.85% and a return on equity of 14.96%. The firm had revenue of $1.60 billion during the quarter, compared to analyst estimates of $1.62 billion. During the same period last year, the firm posted $0.63 earnings per share. Regions Financial’s revenue for the quarter was down .3% compared to the same quarter last year.

RF has been the subject of a number of recent research reports. JPMorgan Chase & Co. raised their target price on shares of Regions Financial from $26.50 to $27.00 in a report on Thursday, February 3rd. StockNews.com initiated coverage on shares of Regions Financial in a report on Thursday, March 31st. They issued a “hold” rating for the company. Morgan Stanley cut their target price on shares of Regions Financial from $31.00 to $30.00 and set an “overweight” rating for the company in a report on Monday, March 28th. Wolfe Research lowered 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 research note on Thursday, April 7th. Finally, Wells Fargo & Company raised shares of Regions Financial from an “equal weight” rating to an “overweight” rating and lifted their price objective for the stock from $24.00 to $26.00 in a research note on Monday, April 11th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $26.17.

RF stock opened at $19.72 on Tuesday. The firm has a fifty day moving average price of $21.65 and a 200 day moving average price of $22.79. Regions Financial has a fifty-two week low of $18.02 and a fifty-two week high of $25.57. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.82 and a current ratio of 0.83. The firm has a market cap of $18.43 billion, a PE ratio of 8.22, a price-to-earnings-growth ratio of 0.56 and a beta of 1.26.

The business also recently announced a quarterly dividend, which will be paid on Friday, July 1st. Stockholders of record on Friday, June 3rd will be paid a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a dividend yield of 3.45%. The ex-dividend date is Thursday, June 2nd. Regions Financial’s dividend payout ratio is currently 28.33%.

Several institutional investors and hedge funds have recently modified their holdings of the company. Profund Advisors LLC raised its holdings in shares of Regions Financial by 1.5% in the fourth quarter. Profund Advisors LLC now owns 27,907 shares of the bank’s stock valued at $608,000 after acquiring an additional 410 shares in the last quarter. OPSEU Pension Plan Trust Fund raised its holdings in shares of Regions Financial by 1.5% in the fourth quarter. OPSEU Pension Plan Trust Fund now owns 29,529 shares of the bank’s stock valued at $692,000 after acquiring an additional 433 shares in the last quarter. Barings LLC raised its holdings in shares of Regions Financial by 2.1% in the fourth quarter. Barings LLC now owns 22,706 shares of the bank’s stock valued at $495,000 after acquiring an additional 462 shares in the last quarter. NewEdge Advisors LLC raised its holdings in shares of Regions Financial by 1.5% in the fourth quarter. NewEdge Advisors LLC now owns 32,564 shares of the bank’s stock valued at $710,000 after acquiring an additional 468 shares in the last quarter. Finally, Argent Trust Co raised its holdings in shares of Regions Financial by 0.7% in the fourth quarter. Argent Trust Co now owns 65,862 shares of the bank’s stock valued at $1,436,000 after acquiring an additional 481 shares in the last quarter. 74.90% of the stock is owned by hedge funds and other institutional investors.

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.

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