Research Analysts Set Expectations for Regions Financial Corp’s Q1 2019 Earnings (RF)
Regions Financial Corp (NYSE:RF) – Equities research analysts at B. Riley raised their Q1 2019 earnings per share estimates for Regions Financial in a report released on Monday, October 15th. B. Riley analyst S. Moss now anticipates that the bank will earn $0.36 per share for the quarter, up from their prior estimate of $0.35. B. Riley has a “Hold” rating and a $20.00 price target on the stock. B. Riley also issued estimates for Regions Financial’s Q2 2019 earnings at $0.39 EPS.
Regions Financial (NYSE:RF) last released its quarterly earnings results on Friday, July 20th. The bank reported $0.34 EPS for the quarter, topping the consensus estimate of $0.33 by $0.01. The business had revenue of $1.44 billion during the quarter, compared to analyst estimates of $1.45 billion. Regions Financial had a net margin of 22.77% and a return on equity of 9.46%. The company’s quarterly revenue was up 4.8% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.25 earnings per share.
Regions Financial stock opened at $17.22 on Wednesday. The stock has a market cap of $20.23 billion, a PE ratio of 17.22, a PEG ratio of 1.04 and a beta of 1.29. The company has a debt-to-equity ratio of 0.66, a current ratio of 0.88 and a quick ratio of 0.87. Regions Financial has a one year low of $14.68 and a one year high of $20.21.
Hedge funds and other institutional investors have recently modified their holdings of the business. Parallel Advisors LLC lifted its holdings in Regions Financial by 87.3% in the 2nd quarter. Parallel Advisors LLC now owns 6,062 shares of the bank’s stock valued at $107,000 after acquiring an additional 2,825 shares during the last quarter. Migdal Insurance & Financial Holdings Ltd. lifted its holdings in Regions Financial by 8,481.6% in the 2nd quarter. Migdal Insurance & Financial Holdings Ltd. now owns 6,522 shares of the bank’s stock valued at $116,000 after acquiring an additional 6,446 shares during the last quarter. Flagship Harbor Advisors LLC acquired a new stake in Regions Financial in the 2nd quarter valued at about $116,000. Summit Trail Advisors LLC lifted its holdings in Regions Financial by 1,646.8% in the 1st quarter. Summit Trail Advisors LLC now owns 134,102 shares of the bank’s stock valued at $134,000 after acquiring an additional 126,425 shares during the last quarter. Finally, Advisory Services Network LLC lifted its holdings in Regions Financial by 61.6% in the 2nd quarter. Advisory Services Network LLC now owns 7,694 shares of the bank’s stock valued at $141,000 after acquiring an additional 2,933 shares during the last quarter. 74.80% of the stock is owned by institutional investors.
In related news, Director Susan W. Matlock sold 24,000 shares of the stock in a transaction dated Friday, July 27th. The shares were sold at an average price of $18.50, for a total value of $444,000.00. Following the completion of the transaction, the director now owns 14,914 shares in the company, valued at approximately $275,909. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP C. Keith Herron sold 23,186 shares of the stock in a transaction dated Tuesday, July 31st. The shares were sold at an average price of $18.76, for a total transaction of $434,969.36. Following the completion of the transaction, the executive vice president now owns 204,537 shares of the company’s stock, valued at approximately $3,837,114.12. The disclosure for this sale can be found here. Corporate insiders own 0.84% of the company’s stock.
The business also recently announced a quarterly dividend, which was paid on Monday, October 1st. Investors of record on Friday, September 7th were given a $0.14 dividend. This represents a $0.56 dividend on an annualized basis and a yield of 3.25%. The ex-dividend date was Thursday, September 6th. This is a positive change from Regions Financial’s previous quarterly dividend of $0.09. Regions Financial’s dividend payout ratio is currently 56.00%.
About Regions Financial
Regions Financial Corporation, together with its subsidiaries, provides banking and bank-related services to individual and corporate customers in the United States. Its Corporate Bank segment offers commercial banking services, such as commercial and industrial, commercial real estate, and investor real estate lending, as well as equipment lease financing services and corresponding deposits.
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