Regions Financial (NYSE:RF) Releases Earnings Results, Beats Expectations By $0.01 EPS

Regions Financial (NYSE:RF) released its quarterly earnings data on Friday. The bank reported $0.56 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.55 by $0.01, RTT News reports. Regions Financial had a net margin of 18.78% and a return on equity of 12.60%. The business had revenue of $1.82 billion during the quarter, compared to analysts’ expectations of $1,857,300 billion. During the same period in the previous year, the company earned $0.39 EPS. The company’s revenue for the quarter was up .2% on a year-over-year basis.

Regions Financial Stock Down 0.7 %

Shares of Regions Financial stock opened at $24.53 on Friday. The company has a market cap of $22.29 billion, a P/E ratio of 13.86, a PEG ratio of 2.21 and a beta of 1.21. The firm has a fifty day moving average of $25.14 and a two-hundred day moving average of $23.34. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.83 and a current ratio of 0.84. Regions Financial has a one year low of $17.42 and a one year high of $27.96.

Analyst Ratings Changes

Several research analysts have recently issued reports on the company. Stephens raised Regions Financial from an “equal weight” rating to an “overweight” rating and set a $26.00 price objective for the company in a research report on Tuesday, October 29th. DA Davidson upped their price target on Regions Financial from $27.00 to $29.00 and gave the company a “buy” rating in a report on Monday, October 21st. Morgan Stanley reissued an “equal weight” rating and set a $32.00 price objective (up previously from $28.00) on shares of Regions Financial in a report on Monday, December 9th. Citigroup upped their target price on shares of Regions Financial from $26.00 to $30.00 and gave the company a “buy” rating in a report on Thursday, November 21st. Finally, Wells Fargo & Company lifted their price target on shares of Regions Financial from $24.00 to $28.00 and gave the stock an “equal weight” rating in a research note on Friday, November 15th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and eleven have assigned a buy rating to the stock. According to MarketBeat, Regions Financial presently has a consensus rating of “Moderate Buy” and a consensus price target of $27.67.

Regions Financial Company Profile

Regions Financial Corporation, a financial holding company, provides banking and bank-related services to individual and corporate customers. 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; deposit products; and securities underwriting and placement, loan syndication and placement, foreign exchange, derivatives, merger and acquisition, and other advisory services.