Regions Financial Corporation (NYSE:RF) – Investment analysts at Jefferies Group issued their Q1 2018 earnings estimates for shares of Regions Financial Corporation in a note issued to investors on Tuesday. Jefferies Group analyst K. Usdin expects that the bank will post earnings per share of $0.26 for the quarter. Jefferies Group currently has a “Hold” rating and a $16.00 target price on the stock. Jefferies Group also issued estimates for Regions Financial Corporation’s Q2 2018 earnings at $0.27 EPS, Q3 2018 earnings at $0.29 EPS and Q4 2018 earnings at $0.28 EPS.
Other equities research analysts have also recently issued research reports about the stock. Bank of America Corporation restated a “buy” rating and issued a $17.00 target price on shares of Regions Financial Corporation in a report on Wednesday, July 26th. BidaskClub upgraded shares of Regions Financial Corporation from a “sell” rating to a “hold” rating in a report on Thursday, August 3rd. Royal Bank Of Canada restated a “hold” rating and issued a $15.00 target price on shares of Regions Financial Corporation in a report on Friday, June 23rd. Keefe, Bruyette & Woods set a $15.00 target price on shares of Regions Financial Corporation and gave the stock a “hold” rating in a report on Tuesday, June 20th. Finally, Deutsche Bank AG restated a “hold” rating on shares of Regions Financial Corporation in a report on Monday, July 3rd. Four equities research analysts have rated the stock with a sell rating, sixteen have given a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus target price of $14.95.
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Regions Financial Corporation (NYSE RF) traded up 0.101% during trading on Thursday, hitting $14.925. 3,935,327 shares of the company’s stock traded hands. The company’s 50 day moving average is $14.40 and its 200-day moving average is $14.29. Regions Financial Corporation has a 12 month low of $9.87 and a 12 month high of $16.03. The stock has a market cap of $17.84 billion, a P/E ratio of 15.596 and a beta of 1.34.
Regions Financial Corporation (NYSE:RF) last released its quarterly earnings results on Friday, July 21st. The bank reported $0.25 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.24 by $0.01. Regions Financial Corporation had a return on equity of 7.51% and a net margin of 20.25%. The business had revenue of $1.42 billion during the quarter, compared to the consensus estimate of $1.43 billion. During the same quarter in the previous year, the business earned $0.20 EPS. The company’s quarterly revenue was up 2.0% on a year-over-year basis.
The company also recently declared a quarterly dividend, which was paid on Friday, September 29th. Investors of record on Friday, September 8th were paid a dividend of $0.09 per share. The ex-dividend date of this dividend was Thursday, September 7th. This is a boost from Regions Financial Corporation’s previous quarterly dividend of $0.07. This represents a $0.36 dividend on an annualized basis and a dividend yield of 2.41%. Regions Financial Corporation’s payout ratio is currently 37.89%.
Regions Financial Corporation declared that its board has approved a stock repurchase program on Wednesday, June 28th that permits the company to buyback $1.47 billion in shares. This buyback authorization permits the bank to reacquire up to 8.7% of its stock through open market purchases. Stock buyback programs are generally an indication that the company’s leadership believes its stock is undervalued.
In related news, CFO David J. Turner, Jr. sold 65,000 shares of Regions Financial Corporation stock in a transaction dated Monday, August 7th. The shares were sold at an average price of $14.95, for a total transaction of $971,750.00. Following the completion of the sale, the chief financial officer now owns 121,160 shares in the company, valued at approximately $1,811,342. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Susan W. Matlock sold 10,000 shares of Regions Financial Corporation stock in a transaction dated Friday, August 4th. The shares were sold at an average price of $15.23, for a total transaction of $152,300.00. Following the sale, the director now owns 32,188 shares of the company’s stock, valued at approximately $490,223.24. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 124,514 shares of company stock valued at $1,846,733. 0.52% of the stock is owned by corporate insiders.
Large investors have recently bought and sold shares of the company. FNY Partners Fund LP bought a new stake in shares of Regions Financial Corporation in the 1st quarter valued at about $103,000. Lloyds Banking Group plc bought a new stake in shares of Regions Financial Corporation in the 2nd quarter valued at about $108,000. Seven Eight Capital LP bought a new stake in shares of Regions Financial Corporation in the 2nd quarter valued at about $111,000. Sun Life Financial INC raised its holdings in shares of Regions Financial Corporation by 98,133.3% in the 2nd quarter. Sun Life Financial INC now owns 8,841 shares of the bank’s stock valued at $129,000 after purchasing an additional 8,832 shares in the last quarter. Finally, Salem Investment Counselors Inc. raised its holdings in shares of Regions Financial Corporation by 0.3% in the 2nd quarter. Salem Investment Counselors Inc. now owns 9,124 shares of the bank’s stock valued at $134,000 after purchasing an additional 26 shares in the last quarter. Institutional investors and hedge funds own 75.53% of the company’s stock.
About Regions Financial Corporation
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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