Equities analysts expect Regions Financial Corp (NYSE:RF) to announce $1.44 billion in sales for the current quarter, Zacks Investment Research reports. Twenty Four analysts have issued estimates for Regions Financial’s earnings. The lowest sales estimate is $1.41 billion and the highest is $1.49 billion. Regions Financial reported sales of $1.37 billion in the same quarter last year, which indicates a positive year-over-year growth rate of 5.1%. The firm is scheduled to announce its next quarterly earnings report on Tuesday, April 17th.
According to Zacks, analysts expect that Regions Financial will report full year sales of $1.44 billion for the current fiscal year, with estimates ranging from $5.79 billion to $6.10 billion. For the next year, analysts forecast that the company will report sales of $6.11 billion per share, with estimates ranging from $5.87 billion to $6.22 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of analysts that that provide coverage for Regions Financial.
Regions Financial (NYSE:RF) last announced its quarterly earnings data on Friday, January 19th. The bank reported $0.27 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.26 by $0.01. The business had revenue of $1.48 billion during the quarter, compared to analysts’ expectations of $1.45 billion. Regions Financial had a return on equity of 8.18% and a net margin of 22.67%. The firm’s quarterly revenue was up 5.9% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.23 earnings per share.
In related news, Director John E. D. D. S. Maupin, Jr. sold 15,000 shares of Regions Financial stock in a transaction on Tuesday, December 5th. The stock was sold at an average price of $17.04, for a total value of $255,600.00. Following the completion of the sale, the director now owns 59,436 shares of the company’s stock, valued at $1,012,789.44. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Scott M. Peters sold 25,627 shares of Regions Financial stock in a transaction on Wednesday, January 24th. The stock was sold at an average price of $19.50, for a total value of $499,726.50. Following the completion of the sale, the executive vice president now directly owns 240,796 shares of the company’s stock, valued at approximately $4,695,522. The disclosure for this sale can be found here. Insiders own 0.52% of the company’s stock.
A number of large investors have recently added to or reduced their stakes in RF. Macquarie Group Ltd. grew its holdings in Regions Financial by 29.6% during the second quarter. Macquarie Group Ltd. now owns 51,242 shares of the bank’s stock valued at $750,000 after purchasing an additional 11,700 shares during the period. Arrowstreet Capital Limited Partnership bought a new stake in Regions Financial during the second quarter valued at about $1,848,000. Raymond James Financial Services Advisors Inc. grew its holdings in Regions Financial by 1.6% during the second quarter. Raymond James Financial Services Advisors Inc. now owns 109,428 shares of the bank’s stock valued at $1,602,000 after purchasing an additional 1,774 shares during the period. Dynamic Technology Lab Private Ltd grew its holdings in Regions Financial by 194.0% during the second quarter. Dynamic Technology Lab Private Ltd now owns 36,225 shares of the bank’s stock valued at $531,000 after purchasing an additional 23,902 shares during the period. Finally, Toronto Dominion Bank grew its holdings in Regions Financial by 24.8% during the second quarter. Toronto Dominion Bank now owns 408,156 shares of the bank’s stock valued at $5,974,000 after purchasing an additional 81,188 shares during the period. 76.77% of the stock is owned by institutional investors and hedge funds.
Shares of Regions Financial (RF) traded down $0.03 during trading hours on Wednesday, reaching $19.45. The company’s stock had a trading volume of 7,873,642 shares, compared to its average volume of 13,499,587. The stock has a market capitalization of $22,090.32, a PE ratio of 19.45, a price-to-earnings-growth ratio of 1.45 and a beta of 1.32. Regions Financial has a 1-year low of $13.00 and a 1-year high of $19.90. The company has a quick ratio of 0.86, a current ratio of 0.86 and a debt-to-equity ratio of 0.53.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, April 2nd. Investors of record on Friday, March 9th will be issued a $0.09 dividend. This represents a $0.36 annualized dividend and a dividend yield of 1.85%. The ex-dividend date of this dividend is Thursday, March 8th. Regions Financial’s payout ratio is currently 36.00%.
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About Regions Financial
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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