Regions Financial Corp (NYSE:RF) – Equities research analysts at SunTrust Banks boosted their Q2 2017 earnings per share (EPS) estimates for shares of Regions Financial Corp in a note issued to investors on Wednesday. SunTrust Banks analyst J. Demba now expects that the bank will earn $0.24 per share for the quarter, up from their previous forecast of $0.23. SunTrust Banks has a “Buy” rating on the stock. SunTrust Banks also issued estimates for Regions Financial Corp’s Q4 2017 earnings at $0.26 EPS, FY2017 earnings at $0.98 EPS, Q1 2018 earnings at $0.25 EPS, Q2 2018 earnings at $0.27 EPS and FY2018 earnings at $1.10 EPS.
Other analysts have also recently issued research reports about the stock. Goldman Sachs Group Inc reduced their target price on shares of Regions Financial Corp to $17.00 and set a “buy” rating on the stock in a report on Thursday, March 30th. FBR & Co set a $18.00 target price on shares of Regions Financial Corp and gave the company a “buy” rating in a report on Wednesday. Stephens cut shares of Regions Financial Corp from an “overweight” rating to an “equal weight” rating in a report on Wednesday, March 1st. Rafferty Capital Markets cut shares of Regions Financial Corp from a “buy” rating to a “hold” rating in a report on Thursday. Finally, Keefe, Bruyette & Woods reaffirmed a “hold” rating and issued a $14.50 target price on shares of Regions Financial Corp in a report on Wednesday. One analyst has rated the stock with a sell rating, fifteen have given a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company. Regions Financial Corp has a consensus rating of “Hold” and a consensus target price of $13.50.
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Regions Financial Corp (NYSE:RF) opened at 13.64 on Friday. The company has a market capitalization of $16.44 billion, a P/E ratio of 15.61 and a beta of 1.37. Regions Financial Corp has a 52-week low of $7.80 and a 52-week high of $16.03. The firm has a 50-day moving average of $14.53 and a 200 day moving average of $13.60.
Regions Financial Corp (NYSE:RF) last released its quarterly earnings results on Tuesday, April 18th. The bank reported $0.23 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.22 by $0.01. Regions Financial Corp had a net margin of 19.49% and a return on equity of 7.09%. The business had revenue of $1.39 billion for the quarter, compared to the consensus estimate of $1.40 billion. During the same period last year, the firm earned $0.20 earnings per share. The company’s quarterly revenue was up .1% on a year-over-year basis.
The firm also recently announced a quarterly dividend, which will be paid on Friday, June 30th. Stockholders of record on Friday, June 9th will be given a dividend of $0.07 per share. This is a positive change from Regions Financial Corp’s previous quarterly dividend of $0.07. This represents a $0.28 dividend on an annualized basis and a dividend yield of 2.05%. Regions Financial Corp’s dividend payout ratio (DPR) is 29.89%.
In other news, EVP Barbara Godin sold 35,000 shares of the firm’s stock in a transaction that occurred on Tuesday, January 24th. The shares were sold at an average price of $14.18, for a total transaction of $496,300.00. Following the transaction, the executive vice president now directly owns 18,086 shares in the company, valued at $256,459.48. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, EVP C. Matthew Lusco sold 43,000 shares of the firm’s stock in a transaction that occurred on Monday, January 30th. The stock was sold at an average price of $14.52, for a total transaction of $624,360.00. Following the transaction, the executive vice president now owns 59,960 shares in the company, valued at $870,619.20. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 158,848 shares of company stock worth $2,318,675. Insiders own 0.88% of the company’s stock.
Institutional investors have recently made changes to their positions in the company. Norges Bank acquired a new position in shares of Regions Financial Corp during the fourth quarter worth about $136,750,000. Appaloosa LP acquired a new position in shares of Regions Financial Corp during the fourth quarter worth about $105,404,000. The Manufacturers Life Insurance Company acquired a new position in shares of Regions Financial Corp during the third quarter worth about $54,184,000. AQR Capital Management LLC raised its position in shares of Regions Financial Corp by 108.3% in the fourth quarter. AQR Capital Management LLC now owns 10,185,226 shares of the bank’s stock worth $146,260,000 after buying an additional 5,296,632 shares during the period. Finally, State Street Corp raised its position in shares of Regions Financial Corp by 4.5% in the fourth quarter. State Street Corp now owns 73,217,844 shares of the bank’s stock worth $1,051,405,000 after buying an additional 3,158,238 shares during the period. Institutional investors and hedge funds own 74.09% of the company’s stock.
Regions Financial Corp Company Profile
Regions Financial Corporation is a financial holding company. The Company conducts its banking operations through Regions Bank, an Alabama state-chartered commercial bank, which is a member of the Federal Reserve System. It operates in three segments: Corporate Bank, which represents its commercial banking functions, including commercial and industrial, commercial real estate and investor real estate lending; Consumer Bank, which represents its branch network, including consumer banking products and services related to residential first mortgages, home equity lines and loans, small business loans, indirect loans, consumer credit cards and other consumer loans, as well as the corresponding deposit relationships, and Wealth Management, which offers individuals, businesses, governmental institutions and non-profit entities a range of solutions to enable transfer of wealth.
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