Regions Financial Corporation (NYSE:RF) – Analysts at Jefferies Group raised their FY2018 earnings per share estimates for Regions Financial in a research report issued on Monday. Jefferies Group analyst K. Usdin now expects that the bank will earn $1.32 per share for the year, up from their prior forecast of $1.15. Jefferies Group also issued estimates for Regions Financial’s FY2019 earnings at $1.44 EPS.
Regions Financial (NYSE:RF) last announced its quarterly earnings data on Tuesday, October 24th. The bank reported $0.25 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.25. The firm had revenue of $1.44 billion during the quarter, compared to the consensus estimate of $1.45 billion. Regions Financial had a net margin of 20.14% and a return on equity of 7.56%. The firm’s revenue was down 1.3% compared to the same quarter last year. During the same quarter last year, the firm earned $0.24 earnings per share.
Shares of Regions Financial (NYSE RF) traded up $0.13 during trading hours on Tuesday, reaching $18.20. 6,330,000 shares of the company were exchanged, compared to its average volume of 10,690,000. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.84 and a current ratio of 0.85. The firm has a market capitalization of $21,110.00, a P/E ratio of 19.16, a P/E/G ratio of 1.23 and a beta of 1.30. Regions Financial has a 1 year low of $13.00 and a 1 year high of $18.27.
Several institutional investors and hedge funds have recently modified their holdings of the company. Vanguard Group Inc. grew its stake in Regions Financial by 1.3% in the 2nd quarter. Vanguard Group Inc. now owns 134,473,976 shares of the bank’s stock worth $1,968,699,000 after acquiring an additional 1,742,890 shares during the period. Boston Partners grew its stake in Regions Financial by 3.7% in the 3rd quarter. Boston Partners now owns 33,692,511 shares of the bank’s stock worth $513,137,000 after acquiring an additional 1,191,474 shares during the period. Dimensional Fund Advisors LP grew its stake in Regions Financial by 2.7% in the 3rd quarter. Dimensional Fund Advisors LP now owns 14,430,899 shares of the bank’s stock worth $219,767,000 after acquiring an additional 382,430 shares during the period. Janus Henderson Group PLC grew its stake in Regions Financial by 8,065.3% in the 2nd quarter. Janus Henderson Group PLC now owns 13,067,310 shares of the bank’s stock worth $191,306,000 after acquiring an additional 12,907,276 shares during the period. Finally, Old Mutual Global Investors UK Ltd. grew its stake in Regions Financial by 257.2% in the 3rd quarter. Old Mutual Global Investors UK Ltd. now owns 9,538,317 shares of the bank’s stock worth $145,268,000 after acquiring an additional 6,868,243 shares during the period. 75.25% of the stock is owned by institutional investors and hedge funds.
In other news, EVP John B. Owen sold 40,000 shares of the firm’s stock in a transaction that occurred on Tuesday, November 7th. The shares were sold at an average price of $15.67, for a total transaction of $626,800.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director John E. D. D. S. Maupin, Jr. sold 15,000 shares of the firm’s stock in a transaction that occurred on Tuesday, December 5th. The stock was sold at an average price of $17.04, for a total transaction of $255,600.00. Following the transaction, the director now directly owns 59,436 shares of the company’s stock, valued at $1,012,789.44. The disclosure for this sale can be found here. Over the last three months, insiders have sold 80,000 shares of company stock valued at $1,278,400. Corporate insiders own 0.52% of the company’s stock.
The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, January 2nd. Stockholders of record on Friday, December 8th were paid a dividend of $0.09 per share. The ex-dividend date of this dividend was Thursday, December 7th. This represents a $0.36 dividend on an annualized basis and a dividend yield of 1.98%. Regions Financial’s dividend payout ratio (DPR) is 37.89%.
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Regions Financial 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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