Analysts expect that Regions Financial Corp (NYSE:RF) will report earnings of $0.39 per share for the current fiscal quarter, according to Zacks. Twenty Four analysts have made estimates for Regions Financial’s earnings, with the lowest EPS estimate coming in at $0.37 and the highest estimate coming in at $0.41. Regions Financial posted earnings per share of $0.32 in the same quarter last year, which suggests a positive year over year growth rate of 21.9%. The firm is scheduled to report its next earnings results on Tuesday, October 22nd.
On average, analysts expect that Regions Financial will report full year earnings of $1.54 per share for the current year, with EPS estimates ranging from $1.50 to $1.58. For the next fiscal year, analysts expect that the firm will post earnings of $1.65 per share, with EPS estimates ranging from $1.58 to $1.72. Zacks Investment Research’s EPS averages are a mean average based on a survey of sell-side research analysts that cover Regions Financial.
Regions Financial (NYSE:RF) last released its quarterly earnings results on Friday, July 19th. The bank reported $0.39 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.39. The business had revenue of $1.44 billion during the quarter, compared to the consensus estimate of $1.49 billion. Regions Financial had a net margin of 26.43% and a return on equity of 10.86%. The business’s quarterly revenue was down .1% compared to the same quarter last year. During the same quarter last year, the company earned $0.32 earnings per share.
Regions Financial stock traded down $0.03 during mid-day trading on Tuesday, reaching $14.27. The company’s stock had a trading volume of 15,189,847 shares, compared to its average volume of 12,201,321. The company has a market capitalization of $14.64 billion, a price-to-earnings ratio of 10.49, a price-to-earnings-growth ratio of 1.36 and a beta of 1.49. The firm’s 50 day moving average is $15.11. The company has a current ratio of 0.89, a quick ratio of 0.88 and a debt-to-equity ratio of 0.60. Regions Financial has a twelve month low of $12.39 and a twelve month high of $19.99.
The business also recently announced a quarterly dividend, which will be paid on Tuesday, October 1st. Shareholders of record on Friday, September 6th will be paid a $0.155 dividend. This represents a $0.62 dividend on an annualized basis and a yield of 4.34%. This is a boost from Regions Financial’s previous quarterly dividend of $0.14. The ex-dividend date is Thursday, September 5th. Regions Financial’s dividend payout ratio (DPR) is presently 41.18%.
Regions Financial announced that its board has initiated a share repurchase plan on Thursday, June 27th that authorizes the company to repurchase $1.37 billion in outstanding shares. This repurchase authorization authorizes the bank to repurchase up to 9% of its stock through open market purchases. Stock repurchase plans are typically a sign that the company’s board believes its stock is undervalued.
In other Regions Financial news, COO John B. Owen sold 40,000 shares of the firm’s stock in a transaction on Friday, August 9th. The stock was sold at an average price of $14.63, for a total value of $585,200.00. Following the sale, the chief operating officer now directly owns 87,152 shares in the company, valued at $1,275,033.76. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Hardie B. Kimbrough, Jr. sold 7,148 shares of Regions Financial stock in a transaction dated Friday, August 9th. The shares were sold at an average price of $14.68, for a total transaction of $104,932.64. Following the sale, the insider now owns 34,482 shares in the company, valued at $506,195.76. The disclosure for this sale can be found here. Company insiders own 0.28% of the company’s stock.
Several hedge funds and other institutional investors have recently modified their holdings of the stock. Buffington Mohr McNeal bought a new stake in Regions Financial in the first quarter worth about $28,000. Mcmillion Capital Management Inc. bought a new stake in Regions Financial in the second quarter worth about $40,000. SRS Capital Advisors Inc. purchased a new position in Regions Financial in the 2nd quarter worth about $47,000. Wealthcare Advisory Partners LLC increased its stake in Regions Financial by 101.4% in the 2nd quarter. Wealthcare Advisory Partners LLC now owns 3,305 shares of the bank’s stock worth $49,000 after purchasing an additional 1,664 shares in the last quarter. Finally, Private Ocean LLC purchased a new position in Regions Financial in the 2nd quarter worth about $52,000. Institutional investors and hedge funds own 71.89% 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.
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