$0.36 Earnings Per Share Expected for Regions Financial Corp (RF) This Quarter

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Equities research analysts expect Regions Financial Corp (NYSE:RF) to report $0.36 earnings per share for the current quarter, according to Zacks Investment Research. Twenty Five analysts have made estimates for Regions Financial’s earnings. The highest EPS estimate is $0.37 and the lowest is $0.35. Regions Financial reported earnings per share of $0.25 during the same quarter last year, which suggests a positive year over year growth rate of 44%. The company is expected to announce its next quarterly earnings results before the market opens on Tuesday, October 23rd.

On average, analysts expect that Regions Financial will report full year earnings of $1.42 per share for the current financial year, with EPS estimates ranging from $1.37 to $1.46. For the next financial year, analysts forecast that the business will report earnings of $1.58 per share, with EPS estimates ranging from $1.50 to $1.66. Zacks’ earnings per share calculations are a mean average based on a survey of research analysts that that provide coverage for Regions Financial.

Regions Financial (NYSE:RF) last released its quarterly earnings results on Friday, July 20th. The bank reported $0.34 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.33 by $0.01. Regions Financial had a return on equity of 9.46% and a net margin of 22.77%. The company had revenue of $1.44 billion during the quarter, compared to the consensus estimate of $1.45 billion. During the same quarter in the prior year, the company posted $0.25 EPS. The firm’s revenue was up 4.8% on a year-over-year basis.

Several brokerages recently weighed in on RF. Wedbush set a $22.00 target price on Regions Financial and gave the company a “buy” rating in a research note on Friday, September 7th. Vining Sparks restated a “buy” rating and set a $22.00 target price on shares of Regions Financial in a research note on Tuesday. ValuEngine downgraded Regions Financial from a “buy” rating to a “hold” rating in a research note on Friday, June 15th. Royal Bank of Canada upgraded Regions Financial from a “sector perform” rating to an “outperform” rating and set a $11.00 target price for the company in a research note on Monday, June 18th. Finally, Robert W. Baird upgraded Regions Financial from an “underperform” rating to a “neutral” rating in a research note on Thursday, June 28th. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Regions Financial currently has an average rating of “Hold” and a consensus target price of $18.23.

In other Regions Financial news, EVP C. Keith Herron sold 23,186 shares of the company’s stock in a transaction that occurred on Tuesday, July 31st. The stock was sold at an average price of $18.76, for a total value of $434,969.36. Following the completion of the transaction, the executive vice president now owns 204,537 shares of the company’s stock, valued at approximately $3,837,114.12. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Susan W. Matlock sold 24,000 shares of the company’s stock in a transaction that occurred on Friday, July 27th. The shares were sold at an average price of $18.50, for a total value of $444,000.00. Following the completion of the transaction, the director now directly owns 14,914 shares of the company’s stock, valued at approximately $275,909. The disclosure for this sale can be found here. Corporate insiders own 0.84% of the company’s stock.

Institutional investors have recently bought and sold shares of the business. Commonwealth Equity Services LLC raised its holdings in shares of Regions Financial by 0.9% in the 2nd quarter. Commonwealth Equity Services LLC now owns 293,277 shares of the bank’s stock worth $5,214,000 after buying an additional 2,696 shares in the last quarter. Wesbanco Bank Inc. raised its holdings in shares of Regions Financial by 21.2% in the 1st quarter. Wesbanco Bank Inc. now owns 15,879 shares of the bank’s stock worth $295,000 after buying an additional 2,775 shares in the last quarter. Jaffetilchin Investment Partners LLC raised its holdings in shares of Regions Financial by 13.1% in the 2nd quarter. Jaffetilchin Investment Partners LLC now owns 24,320 shares of the bank’s stock worth $432,000 after buying an additional 2,809 shares in the last quarter. Parallel Advisors LLC raised its holdings in shares of Regions Financial by 87.3% in the 2nd quarter. Parallel Advisors LLC now owns 6,062 shares of the bank’s stock worth $107,000 after buying an additional 2,825 shares in the last quarter. Finally, Advisory Services Network LLC raised its holdings in shares of Regions Financial by 61.6% in the 2nd quarter. Advisory Services Network LLC now owns 7,694 shares of the bank’s stock worth $141,000 after buying an additional 2,933 shares in the last quarter. 74.80% of the stock is owned by hedge funds and other institutional investors.

Shares of NYSE:RF opened at $18.27 on Thursday. Regions Financial has a twelve month low of $14.62 and a twelve month high of $20.21. The company has a market cap of $20.23 billion, a P/E ratio of 18.27, a price-to-earnings-growth ratio of 1.04 and a beta of 1.29. The company has a quick ratio of 0.87, a current ratio of 0.88 and a debt-to-equity ratio of 0.66.

The company also recently declared a quarterly dividend, which was paid on Monday, October 1st. Shareholders of record on Friday, September 7th were issued a $0.14 dividend. This is a boost from Regions Financial’s previous quarterly dividend of $0.09. The ex-dividend date was Thursday, September 6th. This represents a $0.56 annualized dividend and a yield of 3.07%. Regions Financial’s dividend payout ratio is 56.00%.

About Regions Financial

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.

Further Reading: Price to Earnings Ratio (PE) Basics

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