$0.36 EPS Expected for Regions Financial Corp (NYSE:RF) This Quarter

Wall Street brokerages expect Regions Financial Corp (NYSE:RF) to announce earnings per share of $0.36 for the current quarter, according to Zacks. Nine analysts have made estimates for Regions Financial’s earnings. The highest EPS estimate is $0.39 and the lowest is $0.23. Regions Financial reported earnings per share of $0.37 during the same quarter last year, which would suggest a negative year over year growth rate of 2.7%. The business is expected to issue its next quarterly earnings results on Thursday, April 16th.

On average, analysts expect that Regions Financial will report full-year earnings of $1.56 per share for the current financial year, with EPS estimates ranging from $1.32 to $1.70. For the next year, analysts expect that the business will report earnings of $1.65 per share, with EPS estimates ranging from $1.50 to $1.75. Zacks Investment Research’s EPS calculations are an average based on a survey of research analysts that cover Regions Financial.

Regions Financial (NYSE:RF) last posted its earnings results on Friday, January 17th. The bank reported $0.40 earnings per share for the quarter, topping analysts’ consensus estimates of $0.39 by $0.01. The firm had revenue of $1.48 billion for the quarter, compared to analysts’ expectations of $1.48 billion. Regions Financial had a net margin of 23.42% and a return on equity of 10.77%. The company’s revenue was up 3.0% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.37 earnings per share.

A number of research firms have weighed in on RF. Goldman Sachs Group raised shares of Regions Financial from a “buy” rating to a “conviction-buy” rating and set a $14.00 target price on the stock in a research note on Thursday, March 19th. ValuEngine cut shares of Regions Financial from a “hold” rating to a “sell” rating in a research note on Tuesday, March 3rd. Janney Montgomery Scott raised shares of Regions Financial from a “neutral” rating to a “buy” rating and set a $18.50 price objective on the stock in a research note on Tuesday, January 21st. Odeon Capital Group cut shares of Regions Financial from a “buy” rating to a “hold” rating in a research note on Monday, February 3rd. Finally, Citigroup reduced their price objective on shares of Regions Financial from $17.00 to $15.00 and set a “neutral” rating on the stock in a research note on Friday, March 6th. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the stock. The company currently has an average rating of “Hold” and an average target price of $16.92.

Shares of NYSE RF traded up $1.12 during midday trading on Friday, reaching $9.85. 17,688,028 shares of the company were exchanged, compared to its average volume of 14,111,295. The stock’s 50-day moving average price is $13.25 and its 200-day moving average price is $15.56. The stock has a market cap of $8.47 billion, a P/E ratio of 6.52, a PEG ratio of 0.83 and a beta of 1.50. Regions Financial has a one year low of $6.94 and a one year high of $17.54. The company has a quick ratio of 0.87, a current ratio of 0.88 and a debt-to-equity ratio of 0.53.

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 1st. Investors of record on Friday, March 6th will be paid a $0.155 dividend. The ex-dividend date is Thursday, March 5th. This represents a $0.62 annualized dividend and a dividend yield of 6.29%. Regions Financial’s dividend payout ratio is 40.00%.

A number of hedge funds have recently added to or reduced their stakes in RF. Parkside Financial Bank & Trust lifted its holdings in Regions Financial by 77.4% in the fourth quarter. Parkside Financial Bank & Trust now owns 2,432 shares of the bank’s stock valued at $42,000 after buying an additional 1,061 shares during the period. Samalin Investment Counsel LLC acquired a new position in Regions Financial in the fourth quarter valued at $45,000. Mcmillion Capital Management Inc. acquired a new position in Regions Financial in the fourth quarter valued at $46,000. Tobias Financial Advisors Inc. acquired a new position in Regions Financial in the fourth quarter valued at $48,000. Finally, Thor Advisors LLC acquired a new position in Regions Financial in the third quarter valued at $51,000. Institutional investors and hedge funds own 72.64% of the company’s stock.

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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