Regions Financial Corp (NYSE:RF) Expected to Post Earnings of $0.39 Per Share

Brokerages forecast that Regions Financial Corp (NYSE:RF) will announce earnings per share of $0.39 for the current fiscal quarter, according to Zacks. Twenty Four analysts have issued estimates for Regions Financial’s earnings, with the highest EPS estimate coming in at $0.41 and the lowest estimate coming in at $0.37. Regions Financial reported earnings per share of $0.32 in the same quarter last year, which would indicate a positive year-over-year growth rate of 21.9%. The company is expected to announce its next quarterly earnings results before the market opens on Tuesday, October 22nd.

On average, analysts expect that Regions Financial will report full year earnings of $1.54 per share for the current financial year, with EPS estimates ranging from $1.50 to $1.57. For the next fiscal year, analysts expect that the firm will post earnings of $1.63 per share, with EPS estimates ranging from $1.57 to $1.68. Zacks’ earnings per share calculations are a mean average based on a survey of sell-side research firms that that provide coverage for Regions Financial.

Regions Financial (NYSE:RF) last announced its earnings results on Friday, July 19th. The bank reported $0.39 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.39. The business had revenue of $1.44 billion for the quarter, compared to analysts’ expectations of $1.49 billion. Regions Financial had a return on equity of 10.86% and a net margin of 26.43%. The business’s revenue for the quarter was down .1% on a year-over-year basis. During the same quarter last year, the firm earned $0.32 EPS.

A number of research firms have recently weighed in on RF. Morgan Stanley set a $16.00 price objective on Regions Financial and gave the stock a “hold” rating in a research report on Friday, August 9th. Jefferies Financial Group raised Regions Financial from a “hold” rating to a “buy” rating and raised their price objective for the stock from $16.00 to $18.00 in a research report on Tuesday, October 8th. ValuEngine raised Regions Financial from a “sell” rating to a “hold” rating in a research report on Wednesday, October 2nd. Raymond James set a $18.50 price objective on Regions Financial and gave the stock a “buy” rating in a research report on Thursday, September 12th. Finally, Bank of America cut Regions Financial from a “buy” rating to a “neutral” rating and lowered their price objective for the stock from $18.00 to $16.00 in a research report on Thursday, July 11th. Three research analysts have rated the stock with a sell rating, five have assigned a hold rating and nine have assigned a buy rating to the company’s stock. Regions Financial has a consensus rating of “Hold” and an average price target of $16.74.

In other Regions Financial news, EVP C. Matthew Lusco sold 20,000 shares of Regions Financial stock in a transaction dated Friday, September 13th. The stock was sold at an average price of $16.43, for a total transaction of $328,600.00. Following the completion of the transaction, the executive vice president now owns 163,229 shares in the company, valued at approximately $2,681,852.47. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP C. Keith Herron sold 69,288 shares of Regions Financial stock in a transaction dated Thursday, August 29th. The shares were sold at an average price of $14.51, for a total value of $1,005,368.88. Following the transaction, the executive vice president now owns 232,595 shares of the company’s stock, valued at approximately $3,374,953.45. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 136,436 shares of company stock valued at $2,024,102. 0.28% of the stock is currently owned by insiders.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Robeco Institutional Asset Management B.V. increased its stake in shares of Regions Financial by 1.7% in the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 1,993,501 shares of the bank’s stock valued at $31,535,000 after purchasing an additional 33,788 shares in the last quarter. Nisa Investment Advisors LLC increased its stake in shares of Regions Financial by 1.5% in the 3rd quarter. Nisa Investment Advisors LLC now owns 414,160 shares of the bank’s stock valued at $6,552,000 after purchasing an additional 6,000 shares in the last quarter. First Bank & Trust increased its stake in shares of Regions Financial by 15.2% in the 3rd quarter. First Bank & Trust now owns 45,198 shares of the bank’s stock valued at $715,000 after purchasing an additional 5,959 shares in the last quarter. Wealthcare Advisory Partners LLC increased its stake in shares of Regions Financial by 46.2% in the 3rd quarter. Wealthcare Advisory Partners LLC now owns 4,832 shares of the bank’s stock valued at $76,000 after purchasing an additional 1,527 shares in the last quarter. Finally, Advisor Partners LLC increased its stake in shares of Regions Financial by 28.1% in the 3rd quarter. Advisor Partners LLC now owns 35,856 shares of the bank’s stock valued at $567,000 after purchasing an additional 7,862 shares in the last quarter. Institutional investors and hedge funds own 71.55% of the company’s stock.

NYSE RF traded down $0.06 during midday trading on Monday, hitting $15.47. 3,350,234 shares of the company traded hands, compared to its average volume of 9,099,685. The company has a debt-to-equity ratio of 0.60, a current ratio of 0.89 and a quick ratio of 0.88. The company has a market cap of $15.36 billion, a PE ratio of 11.38, a price-to-earnings-growth ratio of 1.52 and a beta of 1.55. The company’s 50-day simple moving average is $15.44 and its 200-day simple moving average is $14.97. Regions Financial has a 52 week low of $12.39 and a 52 week high of $17.88.

Regions Financial announced that its Board of Directors has approved a share buyback program on Thursday, June 27th that permits the company to buyback $1.37 billion in shares. This buyback authorization permits the bank to reacquire up to 9% of its shares through open market purchases. Shares buyback programs are often an indication that the company’s board believes its stock is undervalued.

The company also recently declared a quarterly dividend, which was paid on Tuesday, October 1st. Shareholders of record on Friday, September 6th were given a dividend of $0.155 per share. The ex-dividend date was Thursday, September 5th. This represents a $0.62 dividend on an annualized basis and a yield of 4.01%. This is a boost from Regions Financial’s previous quarterly dividend of $0.14. Regions Financial’s payout ratio is currently 45.59%.

Regions Financial Company Profile

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

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