Regions Financial Corp. (NYSE:RF) – Equities research analysts at FBR & Co issued their Q3 2016 earnings per share (EPS) estimates for shares of Regions Financial Corp. in a research note issued to investors on Monday. FBR & Co analyst S. Moss expects that the firm will earn $0.21 per share for the quarter. FBR & Co currently has a “Marketperform” rating on the stock. FBR & Co also issued estimates for Regions Financial Corp.’s Q4 2016 earnings at $0.21 EPS, FY2016 earnings at $0.82 EPS, Q1 2017 earnings at $0.20 EPS, Q2 2017 earnings at $0.22 EPS, Q3 2017 earnings at $0.23 EPS, Q4 2017 earnings at $0.23 EPS and FY2017 earnings at $0.88 EPS.
Regions Financial Corp. (NYSE:RF) last issued its quarterly earnings data on Tuesday, July 19th. The company reported $0.20 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.21 by $0.01. The business earned $1.40 billion during the quarter, compared to the consensus estimate of $1.37 billion. Regions Financial Corp. had a return on equity of 6.65% and a net margin of 18.63%.
RF has been the topic of several other reports. Jefferies Group reiterated a “buy” rating and issued a $9.50 target price on shares of Regions Financial Corp. in a report on Thursday, July 7th. TheStreet upgraded shares of Regions Financial Corp. from a “hold” rating to a “buy” rating in a report on Friday, August 5th. Evercore ISI reiterated a “buy” rating and issued a $10.00 target price (up from $9.00) on shares of Regions Financial Corp. in a report on Friday, July 22nd. Wells Fargo & Co. reiterated a “hold” rating on shares of Regions Financial Corp. in a report on Saturday, July 9th. Finally, Credit Suisse Group AG reiterated a “hold” rating and issued a $9.50 target price on shares of Regions Financial Corp. in a report on Wednesday, July 20th. One investment analyst has rated the stock with a sell rating, thirteen have issued a hold rating, twelve have issued a buy rating and one has issued a strong buy rating to the company. The stock has a consensus rating of “Hold” and an average price target of $10.34.
Shares of Regions Financial Corp. (NYSE:RF) opened at 9.95 on Thursday. The company has a market capitalization of $12.49 billion, a PE ratio of 12.52 and a beta of 1.44. Regions Financial Corp. has a one year low of $7.00 and a one year high of $10.47. The company has a 50-day moving average of $9.88 and a 200-day moving average of $9.24.
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 3rd. Investors of record on Friday, December 9th will be given a dividend of $0.065 per share. This represents a $0.26 dividend on an annualized basis and a yield of 2.61%. Regions Financial Corp.’s dividend payout ratio is 32.91%.
In related news, EVP Ellen S. Jones sold 10,000 shares of the company’s stock in a transaction that occurred on Thursday, August 18th. The shares were sold at an average price of $9.53, for a total transaction of $95,300.00. Following the completion of the transaction, the executive vice president now directly owns 54,886 shares in the company, valued at approximately $523,063.58. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP Scott M. Peters sold 23,391 shares of the company’s stock in a transaction that occurred on Friday, August 26th. The stock was sold at an average price of $9.73, for a total transaction of $227,594.43. Following the transaction, the executive vice president now owns 201,391 shares of the company’s stock, valued at $1,959,534.43. The disclosure for this sale can be found here. Corporate insiders own 0.88% of the company’s stock.
A number of institutional investors have recently added to or reduced their stakes in RF. BlackRock Institutional Trust Company N.A. boosted its position in Regions Financial Corp. by 5.5% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 36,010,738 shares of the company’s stock worth $282,684,000 after buying an additional 1,878,532 shares in the last quarter. BlackRock Japan Co. Ltd raised its stake in Regions Financial Corp. by 0.5% in the first quarter. BlackRock Japan Co. Ltd now owns 1,783,360 shares of the company’s stock worth $13,999,000 after buying an additional 8,310 shares during the last quarter. Columbia Partners L L C Investment Management acquired a new stake in Regions Financial Corp. during the first quarter worth $894,000. Menta Capital LLC raised its stake in Regions Financial Corp. by 178.3% in the first quarter. Menta Capital LLC now owns 101,300 shares of the company’s stock worth $795,000 after buying an additional 64,900 shares during the last quarter. Finally, ING Groep NV raised its stake in Regions Financial Corp. by 9,978.5% in the first quarter. ING Groep NV now owns 1,622,538 shares of the company’s stock worth $12,721,000 after buying an additional 1,606,439 shares during the last quarter. Institutional investors and hedge funds own 74.29% of the company’s stock.
About Regions Financial Corp.
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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