Regions Financial Co. (NYSE:RF – Get Rating) – Analysts at Jefferies Financial Group upped their FY2022 earnings per share estimates for Regions Financial in a report released on Monday, January 9th. Jefferies Financial Group analyst K. Usdin now anticipates that the bank will post earnings of $2.36 per share for the year, up from their prior estimate of $2.33. Jefferies Financial Group has a “Hold” rating on the stock. The consensus estimate for Regions Financial’s current full-year earnings is $2.37 per share. Jefferies Financial Group also issued estimates for Regions Financial’s Q4 2022 earnings at $0.64 EPS, Q1 2023 earnings at $0.61 EPS, Q2 2023 earnings at $0.53 EPS, FY2023 earnings at $2.05 EPS, Q1 2024 earnings at $0.60 EPS, Q2 2024 earnings at $0.57 EPS and Q3 2024 earnings at $0.57 EPS.
RF has been the topic of several other research reports. Compass Point lowered their price target on shares of Regions Financial to $23.00 in a research report on Thursday, October 20th. Barclays boosted their price target on shares of Regions Financial from $27.00 to $29.00 and gave the company an “equal weight” rating in a research report on Tuesday, January 3rd. Wells Fargo & Company lowered shares of Regions Financial from an “outperform” rating to a “market perform” rating in a report on Monday, November 21st. DA Davidson assumed coverage on shares of Regions Financial in a report on Tuesday, December 20th. They issued a “buy” rating and a $25.00 price objective on the stock. Finally, Raymond James lowered shares of Regions Financial from an “outperform” rating to a “market perform” rating in a report on Monday, November 21st. Ten research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $24.50.
Regions Financial Trading Up 0.5 %
Regions Financial (NYSE:RF – Get Rating) last announced its quarterly earnings results on Friday, October 21st. The bank reported $0.56 earnings per share for the quarter, missing the consensus estimate of $0.59 by ($0.03). The firm had revenue of $1.87 billion for the quarter, compared to analyst estimates of $1.81 billion. Regions Financial had a net margin of 28.34% and a return on equity of 14.13%. The company’s revenue was up 15.9% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.66 EPS.
Regions Financial Dividend Announcement
The firm also recently declared a quarterly dividend, which was paid on Tuesday, January 3rd. Shareholders of record on Thursday, December 8th were paid a dividend of $0.20 per share. The ex-dividend date was Wednesday, December 7th. This represents a $0.80 dividend on an annualized basis and a yield of 3.62%. Regions Financial’s dividend payout ratio (DPR) is presently 40.00%.
Institutional Trading of Regions Financial
A number of large investors have recently made changes to their positions in RF. Yousif Capital Management LLC increased its stake in shares of Regions Financial by 0.8% during the first quarter. Yousif Capital Management LLC now owns 149,877 shares of the bank’s stock worth $3,336,000 after buying an additional 1,249 shares during the period. Vontobel Holding Ltd. increased its stake in shares of Regions Financial by 23.5% during the first quarter. Vontobel Holding Ltd. now owns 24,426 shares of the bank’s stock worth $553,000 after buying an additional 4,648 shares during the period. Allianz Asset Management GmbH increased its stake in shares of Regions Financial by 929.9% during the first quarter. Allianz Asset Management GmbH now owns 1,070,728 shares of the bank’s stock worth $23,834,000 after buying an additional 966,768 shares during the period. Brown Brothers Harriman & Co. increased its stake in shares of Regions Financial by 44.7% during the first quarter. Brown Brothers Harriman & Co. now owns 15,715 shares of the bank’s stock worth $350,000 after buying an additional 4,852 shares during the period. Finally, Parkside Financial Bank & Trust increased its stake in shares of Regions Financial by 41.7% during the first quarter. Parkside Financial Bank & Trust now owns 2,505 shares of the bank’s stock worth $56,000 after buying an additional 737 shares during the period. 72.87% of the stock is currently owned by hedge funds and other institutional investors.
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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