Regions Financial Corp. (NYSE:RF) – Research analysts at Jefferies Group lowered their FY2016 earnings per share estimates for shares of Regions Financial Corp. in a research report issued to clients and investors on Tuesday. Jefferies Group analyst K. Usdin now expects that the firm will post earnings per share of $0.85 for the year, down from their prior estimate of $0.86. Jefferies Group has a “Buy” rating and a $9.50 price objective on the stock. Jefferies Group also issued estimates for Regions Financial Corp.’s Q1 2017 earnings at $0.22 EPS, Q3 2017 earnings at $0.24 EPS and FY2017 earnings at $0.94 EPS.

Regions Financial Corp. (NYSE:RF) last released its quarterly earnings data on Tuesday, July 19th. The company reported $0.20 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.21 by $0.01. The company 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%.

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

A number of other equities research analysts have also commented on RF. Nomura reiterated a “hold” rating on shares of Regions Financial Corp. in a research report on Saturday, July 9th. Wells Fargo & Co. reiterated a “hold” rating on shares of Regions Financial Corp. in a research report on Saturday, July 9th. Barclays PLC reiterated a “sell” rating on shares of Regions Financial Corp. in a research report on Saturday, July 9th. FBR & Co reiterated a “marketperform” rating on shares of Regions Financial Corp. in a research report on Monday. Finally, Deutsche Bank AG reiterated a “hold” rating on shares of Regions Financial Corp. in a research report on Wednesday, June 15th. One equities research analyst has rated the stock with a sell rating, thirteen have issued a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average price target of $10.34.

Regions Financial Corp. (NYSE:RF) traded down 3.662% on Thursday, hitting $9.865. 9,934,814 shares of the company were exchanged. The stock’s 50-day moving average price is $9.87 and its 200-day moving average price is $9.23. The stock has a market capitalization of $12.38 billion, a P/E ratio of 12.409 and a beta of 1.44. Regions Financial Corp. has a 52-week low of $7.00 and a 52-week high of $10.47.

Several large investors have recently modified their holdings of RF. BlackRock Institutional Trust Company N.A. raised its stake in shares of 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 valued at $282,684,000 after buying an additional 1,878,532 shares during the period. BlackRock Japan Co. Ltd raised its stake in shares of 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 valued at $13,999,000 after buying an additional 8,310 shares during the period. Columbia Partners L L C Investment Management acquired a new stake in shares of Regions Financial Corp. during the first quarter valued at $894,000. Menta Capital LLC raised its stake in shares of Regions Financial Corp. by 178.3% in the first quarter. Menta Capital LLC now owns 101,300 shares of the company’s stock valued at $795,000 after buying an additional 64,900 shares during the period. Finally, ING Groep NV raised its stake in shares of 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 valued at $12,721,000 after buying an additional 1,606,439 shares during the period. 74.29% of the stock is currently owned by institutional investors and hedge funds.

In other news, EVP Ellen S. Jones sold 10,000 shares of the firm’s stock in a transaction dated 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 owns 54,886 shares of the company’s stock, valued at approximately $523,063.58. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP C. Keith Herron sold 38,753 shares of the firm’s stock in a transaction dated Tuesday, August 9th. The stock was sold at an average price of $9.38, for a total value of $363,503.14. Following the sale, the executive vice president now directly owns 290,384 shares in the company, valued at approximately $2,723,801.92. The disclosure for this sale can be found here. 0.88% of the stock is owned by insiders.

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.

5 Day Chart for NYSE:RF

Receive News & Stock Ratings for Regions Financial Corp. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Regions Financial Corp. and related stocks with our FREE daily email newsletter.