FY2017 EPS Estimates for Regions Financial Corporation (RF) Raised by Analyst

Regions Financial Corporation (NYSE:RF) – Equities researchers at Wedbush raised their FY2017 earnings per share (EPS) estimates for Regions Financial in a research note issued to investors on Tuesday. Wedbush analyst P. Winter now forecasts that the bank will earn $1.01 per share for the year, up from their previous forecast of $1.00.

Regions Financial (NYSE:RF) last posted its quarterly earnings results on Tuesday, October 24th. The bank reported $0.25 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.25. The firm had revenue of $1.44 billion for the quarter, compared to analysts’ expectations of $1.45 billion. Regions Financial had a return on equity of 7.56% and a net margin of 20.14%. The company’s revenue for the quarter was down 1.3% compared to the same quarter last year. During the same period in the prior year, the business earned $0.24 EPS.

RF has been the topic of a number of other reports. FBR & Co restated a “hold” rating and set a $16.00 price target on shares of Regions Financial in a report on Wednesday, October 25th. J P Morgan Chase & Co increased their price target on Regions Financial from $15.50 to $16.00 and gave the stock a “neutral” rating in a report on Wednesday, November 1st. Goldman Sachs Group upgraded Regions Financial from a “buy” rating to a “conviction-buy” rating in a report on Thursday, November 16th. Keefe, Bruyette & Woods restated a “hold” rating and set a $15.50 price target on shares of Regions Financial in a report on Friday, September 15th. Finally, Robert W. Baird cut Regions Financial from a “neutral” rating to an “underperform” rating and set a $13.00 price target on the stock. in a report on Monday, October 2nd. Four investment analysts have rated the stock with a sell rating, sixteen have assigned a hold rating, two have given a buy rating and two have issued a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $15.63.

Regions Financial (RF) opened at $16.97 on Wednesday. The stock has a market capitalization of $19,568.71, a P/E ratio of 17.57, a price-to-earnings-growth ratio of 1.53 and a beta of 1.30. Regions Financial has a twelve month low of $13.00 and a twelve month high of $17.17. The company has a current ratio of 0.85, a quick ratio of 0.84 and a debt-to-equity ratio of 0.39.

Institutional investors have recently made changes to their positions in the company. Lloyds Banking Group plc purchased a new stake in Regions Financial in the 2nd quarter worth about $108,000. Seven Eight Capital LP purchased a new stake in Regions Financial in the 2nd quarter worth about $111,000. Sun Life Financial INC increased its holdings in Regions Financial by 98,133.3% in the 2nd quarter. Sun Life Financial INC now owns 8,841 shares of the bank’s stock worth $129,000 after acquiring an additional 8,832 shares during the last quarter. Salem Investment Counselors Inc. increased its holdings in Regions Financial by 0.3% in the 2nd quarter. Salem Investment Counselors Inc. now owns 9,124 shares of the bank’s stock worth $134,000 after acquiring an additional 26 shares during the last quarter. Finally, Captrust Financial Advisors purchased a new stake in Regions Financial in the 2nd quarter worth about $139,000. 75.70% of the stock is owned by hedge funds and other institutional investors.

In other news, EVP John B. Owen sold 40,000 shares of the firm’s stock in a transaction on Tuesday, November 7th. The stock was sold at an average price of $15.67, for a total transaction of $626,800.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director John E. D. D. S. Maupin, Jr. sold 15,000 shares of the firm’s stock in a transaction on Tuesday, December 5th. The shares were sold at an average price of $17.04, for a total value of $255,600.00. Following the sale, the director now directly owns 59,436 shares of the company’s stock, valued at $1,012,789.44. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 80,000 shares of company stock worth $1,278,400. Company insiders own 0.52% of the company’s stock.

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 2nd. Shareholders of record on Friday, December 8th will be paid a dividend of $0.09 per share. This represents a $0.36 annualized dividend and a yield of 2.12%. The ex-dividend date is Thursday, December 7th. Regions Financial’s dividend payout ratio (DPR) is presently 37.50%.

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Regions Financial Company Profile

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.

Earnings History and Estimates for Regions Financial (NYSE:RF)

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