Analysts expect that Regions Financial Corp (NYSE:RF) will report earnings of $0.36 per share for the current quarter, according to Zacks Investment Research. Twenty Five analysts have made estimates for Regions Financial’s earnings, with the lowest EPS estimate coming in at $0.35 and the highest estimate coming in at $0.37. Regions Financial reported earnings per share of $0.25 in the same quarter last year, which indicates a positive year over year growth rate of 44%. The company is expected to announce its next earnings report before the market opens on Tuesday, October 23rd.
According to Zacks, analysts expect that Regions Financial will report full-year earnings of $1.42 per share for the current year, with EPS estimates ranging from $1.37 to $1.46. For the next fiscal year, analysts forecast that the firm will report earnings of $1.58 per share, with EPS estimates ranging from $1.50 to $1.66. Zacks’ EPS calculations are a mean average based on a survey of research analysts that that provide coverage for Regions Financial.
Regions Financial (NYSE:RF) last posted its earnings results on Friday, July 20th. The bank reported $0.34 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.33 by $0.01. The company had revenue of $1.44 billion for the quarter, compared to analyst estimates of $1.45 billion. Regions Financial had a net margin of 22.77% and a return on equity of 9.46%. The business’s revenue for the quarter was up 4.8% compared to the same quarter last year. During the same period last year, the business posted $0.25 earnings per share.
In related news, EVP C. Keith Herron sold 23,186 shares of the firm’s stock in a transaction on Tuesday, July 31st. The shares were sold at an average price of $18.76, for a total transaction of $434,969.36. Following the sale, the executive vice president now directly owns 204,537 shares in the company, valued at $3,837,114.12. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Susan W. Matlock sold 24,000 shares of the firm’s stock in a transaction on Friday, July 27th. The stock was sold at an average price of $18.50, for a total transaction of $444,000.00. Following the sale, the director now owns 14,914 shares in the company, valued at $275,909. The disclosure for this sale can be found here. Company insiders own 0.84% of the company’s stock.
Several large investors have recently modified their holdings of the stock. Parallel Advisors LLC increased its stake in Regions Financial by 87.3% in the 2nd quarter. Parallel Advisors LLC now owns 6,062 shares of the bank’s stock valued at $107,000 after buying an additional 2,825 shares during the last quarter. Migdal Insurance & Financial Holdings Ltd. increased its stake in Regions Financial by 8,481.6% in the 2nd quarter. Migdal Insurance & Financial Holdings Ltd. now owns 6,522 shares of the bank’s stock valued at $116,000 after buying an additional 6,446 shares during the last quarter. Flagship Harbor Advisors LLC acquired a new stake in Regions Financial in the 2nd quarter valued at $116,000. Summit Trail Advisors LLC increased its stake in Regions Financial by 1,646.8% in the 1st quarter. Summit Trail Advisors LLC now owns 134,102 shares of the bank’s stock valued at $134,000 after buying an additional 126,425 shares during the last quarter. Finally, Advisory Services Network LLC increased its stake in Regions Financial by 61.6% in the 2nd quarter. Advisory Services Network LLC now owns 7,694 shares of the bank’s stock valued at $141,000 after buying an additional 2,933 shares during the last quarter. Institutional investors and hedge funds own 74.80% of the company’s stock.
RF traded down $0.29 during mid-day trading on Thursday, hitting $17.04. The stock had a trading volume of 13,015,100 shares, compared to its average volume of 11,138,325. The company has a debt-to-equity ratio of 0.66, a quick ratio of 0.87 and a current ratio of 0.88. The firm has a market cap of $20.23 billion, a PE ratio of 17.04, a price-to-earnings-growth ratio of 1.04 and a beta of 1.29. Regions Financial has a 1-year low of $14.68 and a 1-year high of $20.21.
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 2nd. Investors of record on Friday, December 7th will be issued a dividend of $0.14 per share. This represents a $0.56 dividend on an annualized basis and a dividend yield of 3.29%. Regions Financial’s payout ratio is 56.00%.
Regions Financial Company Profile
Regions Financial Corporation, together with its subsidiaries, provides banking and bank-related services to individual and corporate customers in the United States. Its Corporate Bank segment offers commercial banking services, such as commercial and industrial, commercial real estate, and investor real estate lending, as well as equipment lease financing services and corresponding deposits.
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