Wall Street brokerages expect that Regions Financial Corp (NYSE:RF) will report sales of $1.44 billion for the current fiscal quarter, according to Zacks Investment Research. Twenty Four analysts have provided estimates for Regions Financial’s earnings, with the lowest sales estimate coming in at $1.41 billion and the highest estimate coming in at $1.49 billion. Regions Financial reported sales of $1.37 billion in the same quarter last year, which indicates a positive year over year growth rate of 5.1%. The firm is expected to announce its next quarterly earnings results on Tuesday, April 17th.
On average, analysts expect that Regions Financial will report full year sales of $1.44 billion for the current year, with estimates ranging from $5.79 billion to $6.10 billion. For the next fiscal year, analysts anticipate that the firm will post sales of $6.11 billion per share, with estimates ranging from $5.87 billion to $6.22 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of analysts that that provide coverage for Regions Financial.
Regions Financial (NYSE:RF) last posted its earnings results on Friday, January 19th. The bank reported $0.27 earnings per share for the quarter, beating the consensus estimate of $0.26 by $0.01. The firm had revenue of $1.48 billion during the quarter, compared to analyst estimates of $1.45 billion. Regions Financial had a net margin of 20.48% and a return on equity of 7.87%. The business’s quarterly revenue was up 5.9% on a year-over-year basis. During the same period in the previous year, the firm earned $0.23 EPS.
Shares of Regions Financial (NYSE:RF) traded down $0.03 during midday trading on Wednesday, reaching $19.45. 7,847,230 shares of the company traded hands, compared to its average volume of 11,817,225. The stock has a market cap of $22,560.00, a price-to-earnings ratio of 19.45, a PEG ratio of 1.45 and a beta of 1.32. The company has a debt-to-equity ratio of 0.53, a quick ratio of 0.86 and a current ratio of 0.86. Regions Financial has a 12 month low of $13.00 and a 12 month high of $19.90.
The firm also recently announced a quarterly dividend, which will be paid on Monday, April 2nd. Shareholders of record on Friday, March 9th will be paid a dividend of $0.09 per share. The ex-dividend date of this dividend is Thursday, March 8th. This represents a $0.36 annualized dividend and a yield of 1.85%. Regions Financial’s dividend payout ratio (DPR) is presently 36.00%.
In other news, Director John E. D. D. S. Maupin, Jr. sold 15,000 shares of the business’s stock in a transaction dated Tuesday, December 5th. The shares were sold at an average price of $17.04, for a total transaction of $255,600.00. Following the transaction, the director now owns 59,436 shares of the company’s stock, valued at approximately $1,012,789.44. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, EVP Scott M. Peters sold 25,627 shares of the business’s stock in a transaction dated Wednesday, January 24th. The shares were sold at an average price of $19.50, for a total transaction of $499,726.50. Following the transaction, the executive vice president now directly owns 240,796 shares in the company, valued at approximately $4,695,522. The disclosure for this sale can be found here. Insiders own 0.52% of the company’s stock.
Several hedge funds have recently made changes to their positions in RF. Welch Investments LLC acquired a new position in shares of Regions Financial during the 4th quarter valued at about $120,000. Avestar Capital LLC acquired a new position in shares of Regions Financial during the 4th quarter valued at about $135,000. Steward Partners Investment Advisory LLC acquired a new position in shares of Regions Financial during the 3rd quarter valued at about $150,000. Pax World Management LLC acquired a new position in shares of Regions Financial during the 3rd quarter valued at about $154,000. Finally, Brightworth acquired a new position in shares of Regions Financial during the 3rd quarter valued at about $159,000. 74.03% of the stock is currently owned by hedge funds and other institutional investors.
About Regions Financial
Regions Financial Corporation is a financial holding company. The Company conducts its banking operations through Regions Bank, an Alabama state-chartered commercial bank, which is a member of the Federal Reserve System. It operates in three segments: Corporate Bank, which represents its commercial banking functions, including commercial and industrial, commercial real estate and investor real estate lending; Consumer Bank, which represents its branch network, including consumer banking products and services related to residential first mortgages, home equity lines and loans, small business loans, indirect loans, consumer credit cards and other consumer loans, as well as the corresponding deposit relationships, and Wealth Management, which offers individuals, businesses, governmental institutions and non-profit entities a range of solutions to enable transfer of wealth.
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