Regions Financial Corp. (NYSE:RF) – Equities researchers at Jefferies Group issued their FY2018 earnings per share (EPS) estimates for shares of Regions Financial Corp. in a report issued on Friday. Jefferies Group analyst K. Usdin expects that the brokerage will earn $1.01 per share for the year. Jefferies Group currently has a “Buy” rating and a $9.50 price objective on the stock.
A number of other brokerages also recently issued reports on RF. FBR & Co reiterated a “buy” rating and issued a $10.50 price target on shares of Regions Financial Corp. in a report on Wednesday, July 20th. Wedbush initiated coverage on shares of Regions Financial Corp. in a report on Thursday, October 6th. They issued an “outperform” rating and a $12.00 price target on the stock. They noted that the move was a valuation call. Deutsche Bank AG reiterated a “hold” rating on shares of Regions Financial Corp. in a report on Wednesday, June 15th. Evercore ISI reiterated a “buy” rating and issued a $10.00 price target (up from $9.00) on shares of Regions Financial Corp. in a report on Friday, July 22nd. Finally, Credit Suisse Group AG set a $9.50 price target on shares of Regions Financial Corp. and gave the company a “hold” rating in a report on Wednesday, September 14th. One equities research analyst has rated the stock with a sell rating, fourteen have issued a hold rating, twelve have given a buy rating and one has given a strong buy rating to the company. Regions Financial Corp. presently has an average rating of “Hold” and a consensus price target of $10.34.
Shares of Regions Financial Corp. (NYSE:RF) traded down 0.19% during trading on Monday, hitting $10.24. 18,336,351 shares of the stock traded hands. Regions Financial Corp. has a 12 month low of $7.00 and a 12 month high of $10.47. The stock has a market cap of $12.85 billion, a PE ratio of 12.88 and a beta of 1.44. The firm’s 50-day moving average price is $9.86 and its 200-day moving average price is $9.22.
Regions Financial Corp. (NYSE:RF) last issued its quarterly earnings data on Tuesday, July 19th. The company reported $0.20 EPS for the quarter, missing the consensus estimate of $0.21 by $0.01. The firm had revenue of $1.40 billion for the quarter, compared to the consensus estimate of $1.37 billion. Regions Financial Corp. had a net margin of 18.63% and a return on equity of 6.65%.
Hedge funds have recently added to or reduced their stakes in the company. Meiji Yasuda Asset Management Co Ltd. increased its stake in Regions Financial Corp. by 6.2% in the second quarter. Meiji Yasuda Asset Management Co Ltd. now owns 12,215 shares of the company’s stock valued at $104,000 after buying an additional 710 shares in the last quarter. Kanaly Trust Co increased its stake in Regions Financial Corp. by 9.6% in the second quarter. Kanaly Trust Co now owns 13,044 shares of the company’s stock valued at $111,000 after buying an additional 1,145 shares in the last quarter. Wesbanco Bank Inc. increased its stake in Regions Financial Corp. by 14.2% in the second quarter. Wesbanco Bank Inc. now owns 13,329 shares of the company’s stock valued at $114,000 after buying an additional 1,662 shares in the last quarter. Paradigm Financial Advisors LLC bought a new stake in Regions Financial Corp. during the second quarter valued at $119,000. Finally, Woodmont Investment Counsel LLC increased its stake in Regions Financial Corp. by 3.1% in the second quarter. Woodmont Investment Counsel LLC now owns 14,144 shares of the company’s stock valued at $120,000 after buying an additional 426 shares in the last quarter. 74.29% of the stock is currently owned by institutional investors.
In other Regions Financial Corp. news, EVP C. Keith Herron sold 38,753 shares of the business’s stock in a transaction that occurred on Tuesday, August 9th. The shares were sold at an average price of $9.38, for a total transaction of $363,503.14. Following the sale, the executive vice president now owns 290,384 shares of the company’s stock, valued at approximately $2,723,801.92. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, EVP Ellen S. Jones sold 10,000 shares of the business’s stock in a transaction that occurred on Thursday, August 18th. The stock was sold at an average price of $9.53, for a total transaction of $95,300.00. Following the sale, the executive vice president now directly owns 54,886 shares in the company, valued at approximately $523,063.58. The disclosure for this sale can be found here. Corporate insiders own 0.88% of the company’s stock.
The company also recently disclosed a quarterly dividend, which was paid on Monday, October 3rd. Investors of record on Friday, September 9th were paid a dividend of $0.065 per share. The ex-dividend date of this dividend was Wednesday, September 7th. This represents a $0.26 annualized dividend and a dividend yield of 2.54%. Regions Financial Corp.’s dividend payout ratio (DPR) is presently 32.91%.
Regions Financial Corp. Company Profile
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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