Analysts expect Regions Financial Corp (NYSE:RF) to announce sales of $1.45 billion for the current fiscal quarter, Zacks Investment Research reports. Nine analysts have made estimates for Regions Financial’s earnings, with the lowest sales estimate coming in at $1.44 billion and the highest estimate coming in at $1.47 billion. Regions Financial also reported sales of $1.45 billion during the same quarter last year. The business is expected to report its next earnings report on Thursday, April 16th.
On average, analysts expect that Regions Financial will report full year sales of $5.88 billion for the current financial year, with estimates ranging from $5.79 billion to $6.02 billion. For the next year, analysts expect that the company will report sales of $5.95 billion, with estimates ranging from $5.82 billion to $6.11 billion. Zacks’ sales averages are an average based on a survey of analysts that follow Regions Financial.
Regions Financial (NYSE:RF) last issued its quarterly earnings results on Friday, January 17th. The bank reported $0.40 EPS for the quarter, topping analysts’ consensus estimates of $0.39 by $0.01. The company had revenue of $1.48 billion for the quarter, compared to analyst estimates of $1.48 billion. Regions Financial had a net margin of 23.42% and a return on equity of 10.77%. Regions Financial’s revenue was up 3.0% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.37 earnings per share.
Shares of NYSE:RF traded up $1.12 during mid-day trading on Monday, reaching $9.85. 17,688,028 shares of the company’s stock were exchanged, compared to its average volume of 14,111,295. The firm has a market capitalization of $8.47 billion, a price-to-earnings ratio of 6.52, a PEG ratio of 0.83 and a beta of 1.50. The business’s fifty day moving average price is $13.25 and its 200-day moving average price is $15.56. The company has a debt-to-equity ratio of 0.53, a quick ratio of 0.87 and a current ratio of 0.88. Regions Financial has a twelve month low of $6.94 and a twelve month high of $17.54.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 1st. Investors of record on Friday, March 6th will be issued a $0.155 dividend. The ex-dividend date of this dividend is Thursday, March 5th. This represents a $0.62 annualized dividend and a yield of 6.29%. Regions Financial’s payout ratio is 40.00%.
Hedge funds have recently added to or reduced their stakes in the stock. Lloyd Advisory Services LLC. acquired a new position in Regions Financial in the fourth quarter valued at $100,000. Parametric Portfolio Associates LLC lifted its holdings in Regions Financial by 4.9% in the third quarter. Parametric Portfolio Associates LLC now owns 7,952,372 shares of the bank’s stock valued at $125,807,000 after buying an additional 374,437 shares during the period. JT Stratford LLC lifted its holdings in Regions Financial by 12.2% in the third quarter. JT Stratford LLC now owns 99,376 shares of the bank’s stock valued at $1,572,000 after buying an additional 10,770 shares during the period. Exchange Traded Concepts LLC acquired a new position in Regions Financial in the fourth quarter valued at $1,888,000. Finally, National Pension Service lifted its holdings in Regions Financial by 5.4% in the third quarter. National Pension Service now owns 1,456,827 shares of the bank’s stock valued at $23,047,000 after buying an additional 74,806 shares during the period. 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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