Regions Financial Corp (NYSE:RF) – FBR & Co boosted their Q3 2018 EPS estimates for shares of Regions Financial Corp in a report released on Wednesday. FBR & Co analyst S. Moss now expects that the bank will post earnings of $0.34 per share for the quarter, up from their prior forecast of $0.33. FBR & Co has a “Buy” rating and a $18.00 price objective on the stock.
RF has been the subject of a number of other reports. Wedbush reaffirmed an “outperform” rating and issued a $16.00 target price on shares of Regions Financial Corp in a report on Tuesday, March 7th. Barclays PLC upped their target price on shares of Regions Financial Corp from $10.00 to $15.00 and gave the company an “underweight” rating in a report on Tuesday, January 3rd. SunTrust Banks, Inc. raised shares of Regions Financial Corp from a “hold” rating to a “buy” rating in a report on Thursday, February 16th. Stephens cut shares of Regions Financial Corp from an “overweight” rating to an “equal weight” rating in a report on Wednesday, March 1st. Finally, Goldman Sachs Group Inc reduced their target price on shares of Regions Financial Corp to $17.00 and set a “buy” rating for the company in a report on Thursday, March 30th. One research analyst has rated the stock with a sell rating, fifteen have assigned 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 an average target price of $13.50.
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Regions Financial Corp (NYSE:RF) traded down 0.843% during mid-day trading on Thursday, hitting $13.525. The stock had a trading volume of 13,362,304 shares. The firm has a 50-day moving average of $14.53 and a 200-day moving average of $13.60. Regions Financial Corp has a 52-week low of $7.80 and a 52-week high of $16.03. The stock has a market cap of $16.30 billion, a P/E ratio of 15.475 and a beta of 1.37.
Regions Financial Corp (NYSE:RF) last posted its quarterly earnings data on Tuesday, April 18th. The bank reported $0.23 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.22 by $0.01. The firm earned $1.39 billion during the quarter, compared to analysts’ expectations of $1.40 billion. Regions Financial Corp had a return on equity of 7.09% and a net margin of 19.49%. The business’s quarterly revenue was up .1% on a year-over-year basis. During the same quarter last year, the firm earned $0.20 EPS.
A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Virtus Investment Advisers Inc. purchased a new stake in Regions Financial Corp during the third quarter worth $102,000. TradeLink Capital LLC purchased a new stake in Regions Financial Corp during the third quarter worth $103,000. Dorsey & Whitney Trust CO LLC increased its stake in Regions Financial Corp by 0.4% in the third quarter. Dorsey & Whitney Trust CO LLC now owns 10,847 shares of the bank’s stock worth $108,000 after buying an additional 48 shares in the last quarter. Sowell Financial Services LLC purchased a new stake in Regions Financial Corp during the fourth quarter worth $109,000. Finally, MCF Advisors LLC increased its stake in Regions Financial Corp by 0.6% in the third quarter. MCF Advisors LLC now owns 14,332 shares of the bank’s stock worth $141,000 after buying an additional 89 shares in the last quarter. 74.09% of the stock is owned by institutional investors.
In other Regions Financial Corp news, EVP C. Matthew Lusco sold 43,000 shares of the stock in a transaction dated Monday, January 30th. The shares were sold at an average price of $14.52, for a total value of $624,360.00. Following the completion of the transaction, the executive vice president now directly owns 59,960 shares of the company’s stock, valued at $870,619.20. The sale was disclosed in a filing with the SEC, which is available at this link. Also, EVP Barbara Godin sold 35,000 shares of the stock in a transaction dated Tuesday, January 24th. The shares were sold at an average price of $14.18, for a total transaction of $496,300.00. Following the completion of the transaction, the executive vice president now directly owns 18,086 shares of the company’s stock, valued at $256,459.48. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 158,848 shares of company stock valued at $2,318,675. 0.88% of the stock is currently owned by corporate insiders.
The business also recently announced a quarterly dividend, which will be paid on Friday, June 30th. Shareholders of record on Friday, June 9th will be issued a $0.07 dividend. This is a boost from Regions Financial Corp’s previous quarterly dividend of $0.07. This represents a $0.28 dividend on an annualized basis and a yield of 2.05%. Regions Financial Corp’s dividend payout ratio (DPR) is 29.89%.
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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