Regions Financial (NYSE:RF) Releases Quarterly Earnings Results, Beats Expectations By $0.03 EPS

Regions Financial (NYSE:RF) issued its quarterly earnings data on Thursday. The bank reported $0.54 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.51 by $0.03, RTT News reports. Regions Financial had a return on equity of 12.83% and a net margin of 20.20%. During the same quarter in the previous year, the firm earned $0.37 earnings per share.

Regions Financial Trading Down 1.2 %

RF opened at $19.20 on Thursday. The company has a fifty day moving average of $21.79 and a 200-day moving average of $23.60. Regions Financial has a twelve month low of $17.72 and a twelve month high of $27.96. The company has a quick ratio of 0.83, a current ratio of 0.84 and a debt-to-equity ratio of 0.37. The stock has a market cap of $17.38 billion, a PE ratio of 9.90, a price-to-earnings-growth ratio of 1.93 and a beta of 1.01.

Regions Financial Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 1st. Stockholders of record on Friday, May 2nd will be paid a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 5.21%. Regions Financial’s dividend payout ratio is currently 51.55%.

Insiders Place Their Bets

In other Regions Financial news, Director Joia M. Johnson purchased 2,300 shares of the firm’s stock in a transaction on Tuesday, March 11th. The stock was acquired at an average price of $21.18 per share, for a total transaction of $48,714.00. Following the purchase, the director now owns 17,486 shares of the company’s stock, valued at $370,353.48. This trade represents a 15.15 % increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In the last three months, insiders have acquired 3,343 shares of company stock worth $74,348. Corporate insiders own 0.29% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have weighed in on the stock. Morgan Stanley decreased their price target on shares of Regions Financial from $29.00 to $22.00 and set an “equal weight” rating on the stock in a report on Monday, April 7th. JPMorgan Chase & Co. cut their price target on shares of Regions Financial from $26.00 to $23.00 and set a “neutral” rating on the stock in a report on Thursday, April 3rd. Truist Financial dropped their price objective on shares of Regions Financial from $26.00 to $24.00 and set a “hold” rating for the company in a research report on Friday, March 21st. Citigroup decreased their target price on Regions Financial from $28.00 to $25.00 and set a “buy” rating for the company in a research report on Monday, March 24th. Finally, Wells Fargo & Company dropped their price objective on shares of Regions Financial from $28.00 to $26.00 and set an “equal weight” rating on the stock in a research note on Friday, March 28th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and eleven have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $26.42.

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.