Regions Financial Corp. (NYSE:RF) is scheduled to be announcing its Q316 earnings results on Tuesday, October 18th. Analysts expect the company to announce earnings of $0.21 per share and revenue of $1.38 billion for the quarter.

Regions Financial Corp. (NYSE:RF) last posted its quarterly earnings results on Tuesday, July 19th. The company reported $0.20 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.21 by $0.01. Regions Financial Corp. had a net margin of 18.63% and a return on equity of 6.65%. The company had revenue of $1.40 billion for the quarter, compared to the consensus estimate of $1.37 billion. On average, analysts expect Regions Financial Corp. to post $0.83 EPS for the current fiscal year and $0.91 EPS for the next fiscal year.

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

Shares of Regions Financial Corp. (NYSE:RF) opened at 9.95 on Friday. Regions Financial Corp. has a 1-year low of $7.00 and a 1-year high of $10.47. The company has a market cap of $12.49 billion, a P/E ratio of 12.52 and a beta of 1.44. The stock’s 50 day moving average is $9.88 and its 200 day moving average is $9.24.

The business also recently declared 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 annualized dividend and a dividend yield of 2.61%. Regions Financial Corp.’s dividend payout ratio (DPR) is presently 32.91%.

In other Regions Financial Corp. news, EVP C. Keith Herron sold 38,753 shares of the firm’s stock in a transaction 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 transaction, the executive vice president now directly owns 290,384 shares of the company’s stock, valued at approximately $2,723,801.92. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Ellen S. Jones sold 10,000 shares of the firm’s stock in a transaction 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 transaction, the executive vice president now directly owns 54,886 shares in the company, valued at $523,063.58. The disclosure for this sale can be found here. Corporate insiders own 0.88% of the company’s stock.

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Meiji Yasuda Asset Management Co Ltd. increased its position in shares of 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 during the last quarter. Woodmont Investment Counsel LLC increased its position in shares of 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 during the last quarter. Pacer Advisors Inc. increased its position in shares of Regions Financial Corp. by 7.2% in the second quarter. Pacer Advisors Inc. now owns 22,848 shares of the company’s stock valued at $194,000 after buying an additional 1,529 shares during the last quarter. Advisor Group Inc. acquired a new position in shares of Regions Financial Corp. during the second quarter valued at about $198,000. Finally, Bank of Nova Scotia increased its position in shares of Regions Financial Corp. by 5.4% in the second quarter. Bank of Nova Scotia now owns 25,633 shares of the company’s stock valued at $218,000 after buying an additional 1,310 shares during the last quarter. 74.29% of the stock is currently owned by institutional investors.

A number of research firms have commented on RF. Nomura reiterated a “hold” rating on shares of Regions Financial Corp. in a report on Saturday, July 9th. Wells Fargo & Co. reiterated a “hold” rating on shares of Regions Financial Corp. in a report on Saturday, July 9th. Barclays PLC reiterated a “sell” rating on shares of Regions Financial Corp. in a report on Saturday, July 9th. Credit Suisse Group AG reiterated a “hold” rating on shares of Regions Financial Corp. in a report on Tuesday, July 12th. Finally, Bank of America Corp. downgraded shares of Regions Financial Corp. from a “buy” rating to a “neutral” rating in a report on Wednesday, June 29th. One analyst has rated the stock with a sell rating, thirteen have issued a hold rating, twelve have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of $10.34.

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

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