Analysts Expect Regions Financial Corp (NYSE:RF) Will Announce Earnings of $0.39 Per Share

Wall Street brokerages predict that Regions Financial Corp (NYSE:RF) will post earnings per share (EPS) of $0.39 for the current quarter, according to Zacks. Twenty Three analysts have provided estimates for Regions Financial’s earnings. The lowest EPS estimate is $0.37 and the highest is $0.41. Regions Financial reported earnings of $0.37 per share in the same quarter last year, which would indicate a positive year over year growth rate of 5.4%. The company is scheduled to announce its next quarterly earnings results on Friday, January 17th.

On average, analysts expect that Regions Financial will report full-year earnings of $1.53 per share for the current financial year, with EPS estimates ranging from $1.50 to $1.57. For the next year, analysts expect that the business will post earnings of $1.62 per share, with EPS estimates ranging from $1.54 to $1.68. Zacks’ EPS averages 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 quarterly earnings data on Tuesday, October 22nd. The bank reported $0.39 EPS for the quarter, hitting the Zacks’ consensus estimate of $0.39. Regions Financial had a return on equity of 10.88% and a net margin of 23.78%. The company had revenue of $1.50 billion for the quarter, compared to the consensus estimate of $1.48 billion. During the same quarter in the previous year, the business earned $0.50 EPS. The company’s quarterly revenue was up 2.7% compared to the same quarter last year.

A number of research firms have recently commented on RF. Wedbush raised Regions Financial from a “neutral” rating to an “outperform” rating and boosted their price objective for the stock from $15.00 to $17.00 in a research note on Monday, July 22nd. Raymond James set a $18.50 target price on Regions Financial and gave the stock a “buy” rating in a report on Thursday, September 12th. Jefferies Financial Group upgraded Regions Financial from a “hold” rating to a “buy” rating and lifted their target price for the stock from $16.00 to $18.00 in a report on Tuesday, October 8th. UBS Group lifted their target price on Regions Financial from $17.00 to $18.00 and gave the stock a “buy” rating in a report on Thursday, October 3rd. Finally, Morgan Stanley set a $16.00 target price on Regions Financial and gave the stock a “hold” rating in a report on Friday, August 9th. Three investment analysts have rated the stock with a sell rating, five have given a hold rating and nine have assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average target price of $16.74.

Shares of RF traded down $0.03 during midday trading on Tuesday, reaching $16.88. The stock had a trading volume of 6,622,510 shares, compared to its average volume of 11,533,622. Regions Financial has a 52 week low of $12.39 and a 52 week high of $17.78. The company has a debt-to-equity ratio of 0.60, a current ratio of 0.88 and a quick ratio of 0.88. The firm’s 50 day moving average price is $15.96 and its 200-day moving average price is $15.12. The company has a market capitalization of $17.16 billion, a P/E ratio of 12.41, a P/E/G ratio of 1.57 and a beta of 1.56.

The business also recently announced a quarterly dividend, which will be paid on Thursday, January 2nd. Investors of record on Friday, December 6th will be issued a $0.155 dividend. This represents a $0.62 dividend on an annualized basis and a dividend yield of 3.67%. The ex-dividend date of this dividend is Thursday, December 5th. Regions Financial’s payout ratio is 45.59%.

In other news, EVP C. Keith Herron sold 69,288 shares of Regions Financial stock in a transaction on Thursday, August 29th. The stock was sold at an average price of $14.51, for a total transaction of $1,005,368.88. Following the transaction, the executive vice president now owns 232,595 shares in the company, valued at $3,374,953.45. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Hardie B. Kimbrough, Jr. sold 18,409 shares of Regions Financial stock in a transaction on Thursday, October 24th. The shares were sold at an average price of $16.27, for a total value of $299,514.43. Following the transaction, the insider now owns 20,009 shares in the company, valued at approximately $325,546.43. The disclosure for this sale can be found here. Insiders sold a total of 107,697 shares of company stock worth $1,633,483 over the last 90 days. Insiders own 0.28% of the company’s stock.

Hedge funds have recently modified their holdings of the company. Vanguard Group Inc. boosted its position in Regions Financial by 0.4% during the second quarter. Vanguard Group Inc. now owns 124,955,465 shares of the bank’s stock valued at $1,866,834,000 after purchasing an additional 540,749 shares during the last quarter. Bank of America Corp DE boosted its position in Regions Financial by 20.6% during the second quarter. Bank of America Corp DE now owns 12,704,955 shares of the bank’s stock valued at $189,812,000 after purchasing an additional 2,172,240 shares during the last quarter. Boston Partners boosted its position in Regions Financial by 6.2% during the second quarter. Boston Partners now owns 12,570,448 shares of the bank’s stock valued at $187,804,000 after purchasing an additional 732,007 shares during the last quarter. Invesco Ltd. boosted its position in Regions Financial by 68.9% during the second quarter. Invesco Ltd. now owns 10,444,676 shares of the bank’s stock valued at $156,043,000 after purchasing an additional 4,259,901 shares during the last quarter. Finally, Parametric Portfolio Associates LLC boosted its position in Regions Financial by 4.8% during the second quarter. Parametric Portfolio Associates LLC now owns 7,577,935 shares of the bank’s stock valued at $113,214,000 after purchasing an additional 349,158 shares during the last quarter. Institutional investors and hedge funds own 71.42% of the company’s stock.

About Regions Financial

Regions Financial Corporation, a financial holding company, provides banking and bank-related services to individual and corporate customers in the United States. It operates through three segments: Corporate Bank, Consumer Bank, and Wealth Management. The Corporate Bank segment offers commercial banking services, such as commercial and industrial, commercial real estate, and investor real estate lending; equipment lease financing services; corresponding deposit products; and securities underwriting and placement, loan syndication and placement, foreign exchange, derivatives, merger and acquisition, and other advisory services.

Read More: Portfolio Manager

Get a free copy of the Zacks research report on Regions Financial (RF)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

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

Receive News & Ratings for Regions Financial Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Regions Financial and related companies with MarketBeat.com's FREE daily email newsletter.