Regions Financial Corp (NYSE:RF) – Equities research analysts at Wedbush cut their Q4 2018 EPS estimates for Regions Financial in a note issued to investors on Sunday, November 11th. Wedbush analyst P. Winter now expects that the bank will post earnings of $0.39 per share for the quarter, down from their prior estimate of $0.40. Wedbush has a “Buy” rating and a $22.00 price target on the stock. Wedbush also issued estimates for Regions Financial’s FY2019 earnings at $1.62 EPS and FY2020 earnings at $1.72 EPS.

A number of other equities analysts have also recently issued reports on RF. Vining Sparks reiterated a “buy” rating and issued a $22.00 price objective on shares of Regions Financial in a report on Tuesday, October 9th. B. Riley set a $20.00 price objective on Regions Financial and gave the stock a “hold” rating in a report on Monday, October 15th. Finally, Raymond James cut their price objective on Regions Financial from $21.00 to $20.00 and set an “outperform” rating for the company in a report on Wednesday, October 24th. One analyst has rated the stock with a sell rating, seven have issued a hold rating, five have given a buy rating and two have assigned a strong buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus price target of $18.91.

RF opened at $16.88 on Wednesday. Regions Financial has a 12-month low of $15.36 and a 12-month high of $20.21. The company has a debt-to-equity ratio of 0.80, a current ratio of 0.88 and a quick ratio of 0.88. The stock has a market capitalization of $17.50 billion, a PE ratio of 16.88, a PEG ratio of 0.94 and a beta of 1.29.

Regions Financial (NYSE:RF) last posted its quarterly earnings data on Tuesday, October 23rd. The bank reported $0.32 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.36 by ($0.04). Regions Financial had a return on equity of 10.15% and a net margin of 26.39%. The firm had revenue of $1.46 billion during the quarter, compared to analysts’ expectations of $1.47 billion. During the same quarter in the previous year, the company posted $0.25 earnings per share. Regions Financial’s revenue for the quarter was up 5.9% compared to the same quarter last year.

A number of hedge funds have recently modified their holdings of the stock. Parallel Advisors LLC raised its position in Regions Financial by 87.3% during the 2nd quarter. Parallel Advisors LLC now owns 6,062 shares of the bank’s stock valued at $107,000 after purchasing an additional 2,825 shares during the last quarter. Rational Advisors LLC raised its position in Regions Financial by 245.8% during the 3rd quarter. Rational Advisors LLC now owns 6,217 shares of the bank’s stock valued at $114,000 after purchasing an additional 4,419 shares during the last quarter. Stratos Wealth Partners LTD. bought a new position in Regions Financial during the 3rd quarter valued at approximately $114,000. Migdal Insurance & Financial Holdings Ltd. raised its position in Regions Financial by 8,481.6% during the 2nd quarter. Migdal Insurance & Financial Holdings Ltd. now owns 6,522 shares of the bank’s stock valued at $116,000 after purchasing an additional 6,446 shares during the last quarter. Finally, Flagship Harbor Advisors LLC bought a new position in Regions Financial during the 2nd quarter valued at approximately $116,000. Institutional investors own 73.89% of the company’s stock.

The business also recently announced a quarterly dividend, which will be paid on Wednesday, January 2nd. Investors of record on Friday, December 7th will be issued a dividend of $0.14 per share. This represents a $0.56 annualized dividend and a yield of 3.32%. The ex-dividend date of this dividend is Thursday, December 6th. Regions Financial’s dividend payout ratio is presently 56.00%.

Regions Financial Company Profile

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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Earnings History and Estimates for Regions Financial (NYSE:RF)

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