Regions Financial (RF) to Release Earnings on Friday
Regions Financial (NYSE:RF) will announce its earnings results before the market opens on Friday, January 19th. Analysts expect the company to announce earnings of $0.26 per share for the quarter.
Regions Financial (NYSE:RF) last issued its earnings results on Tuesday, October 24th. The bank reported $0.25 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.25. The business had revenue of $1.44 billion for 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 for the quarter was down 1.3% on a year-over-year basis. During the same period in the previous year, the company earned $0.24 earnings per share. On average, analysts expect Regions Financial to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.
Regions Financial (NYSE RF) opened at $18.20 on Friday. The firm has a market cap of $21,110.00, a price-to-earnings ratio of 19.16, a P/E/G ratio of 1.23 and a beta of 1.30. Regions Financial has a fifty-two week low of $13.00 and a fifty-two week high of $18.27. The company has a current ratio of 0.85, a quick ratio of 0.84 and a debt-to-equity ratio of 0.39.
The company also recently announced a quarterly dividend, which was paid on Tuesday, January 2nd. Investors of record on Friday, December 8th were issued a dividend of $0.09 per share. The ex-dividend date was Thursday, December 7th. This represents a $0.36 dividend on an annualized basis and a yield of 1.98%. Regions Financial’s payout ratio is 37.89%.
A number of equities analysts recently weighed in on RF shares. Goldman Sachs Group upgraded shares of Regions Financial from a “buy” rating to a “conviction-buy” rating in a report on Thursday, November 16th. Keefe, Bruyette & Woods restated a “hold” rating and set a $15.50 target price on shares of Regions Financial in a report on Friday, September 15th. JPMorgan Chase & Co. boosted their target price on shares of Regions Financial from $15.50 to $16.00 and gave the stock a “neutral” rating in a report on Wednesday, November 1st. Citigroup restated a “neutral” rating and set a $16.00 target price (up from $15.00) on shares of Regions Financial in a report on Monday, October 9th. Finally, SunTrust Banks reiterated a “buy” rating and issued a $19.00 price objective on shares of Regions Financial in a report on Wednesday, November 29th. Three analysts have rated the stock with a sell rating, sixteen have assigned a hold rating, three have issued a buy rating and two have issued a strong buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average price target of $16.65.
In other news, EVP John B. Owen sold 40,000 shares of the business’s stock in a transaction dated Tuesday, November 7th. The shares were sold at an average price of $15.67, for a total value of $626,800.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Scott M. Peters sold 25,000 shares of the business’s stock in a transaction dated Thursday, October 26th. The shares were sold at an average price of $15.84, for a total transaction of $396,000.00. Following the completion of the sale, the executive vice president now directly owns 121,459 shares of the company’s stock, valued at approximately $1,923,910.56. The disclosure for this sale can be found here. Over the last quarter, insiders sold 80,000 shares of company stock worth $1,278,400. Corporate insiders own 0.52% of the company’s stock.
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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