Regions Financial (NYSE:RF) Issues Quarterly Earnings Results

Regions Financial (NYSE:RF) posted its earnings results on Friday. The bank reported $0.37 EPS for the quarter, missing the consensus estimate of $0.45 by ($0.08), RTT News reports. The business had revenue of $1.75 billion during the quarter, compared to the consensus estimate of $1.75 billion. Regions Financial had a return on equity of 13.28% and a net margin of 19.75%. The business’s revenue was down 10.5% on a year-over-year basis. During the same period in the prior year, the firm earned $0.62 earnings per share.

Regions Financial Trading Down 0.5 %

Shares of RF stock opened at $18.90 on Monday. Regions Financial has a 52-week low of $13.72 and a 52-week high of $21.08. The stock has a market cap of $17.37 billion, a price-to-earnings ratio of 10.27, a P/E/G ratio of 1.37 and a beta of 1.21. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.82 and a current ratio of 0.83. The firm has a fifty day moving average of $19.32 and a 200-day moving average of $18.01.

Regions Financial Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, July 1st. Stockholders of record on Monday, June 3rd will be paid a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a dividend yield of 5.08%. The ex-dividend date is Friday, May 31st. Regions Financial’s dividend payout ratio is 52.17%.

Hedge Funds Weigh In On Regions Financial

A number of hedge funds have recently made changes to their positions in the business. Dark Forest Capital Management LP acquired a new stake in shares of Regions Financial during the 1st quarter worth about $26,000. Clear Street Markets LLC acquired a new stake in shares of Regions Financial during the 4th quarter worth about $33,000. Harbour Investments Inc. increased its position in shares of Regions Financial by 715.1% during the 4th quarter. Harbour Investments Inc. now owns 1,891 shares of the bank’s stock worth $41,000 after purchasing an additional 1,659 shares in the last quarter. Coppell Advisory Solutions Corp. acquired a new stake in shares of Regions Financial during the 4th quarter worth about $49,000. Finally, ICA Group Wealth Management LLC acquired a new stake in shares of Regions Financial during the 4th quarter worth about $53,000. Institutional investors and hedge funds own 79.39% of the company’s stock.

Analyst Ratings Changes

Several analysts recently issued reports on RF shares. Citigroup raised shares of Regions Financial from a “neutral” rating to a “buy” rating and upped their price objective for the stock from $20.00 to $23.00 in a report on Monday, March 18th. Morgan Stanley upped their price objective on shares of Regions Financial from $21.00 to $27.00 and gave the stock an “overweight” rating in a report on Tuesday, January 30th. Argus downgraded shares of Regions Financial from a “buy” rating to a “hold” rating in a report on Tuesday, January 23rd. StockNews.com downgraded shares of Regions Financial from a “hold” rating to a “sell” rating in a report on Tuesday, February 6th. Finally, Royal Bank of Canada upped their price objective on shares of Regions Financial from $19.00 to $21.00 and gave the stock an “outperform” rating in a report on Monday, January 22nd. Two research analysts have rated the stock with a sell rating, eleven have given a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat.com, Regions Financial presently has an average rating of “Hold” and a consensus target price of $20.39.

Regions Financial Company Profile

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.