FBR & Co Comments on Regions Financial Corp.’s Q3 2016 Earnings (RF)
Regions Financial Corp. (NYSE:RF) – Investment analysts at FBR & Co issued their Q3 2016 earnings per share estimates for Regions Financial Corp. in a research report issued to clients and investors on Monday. FBR & Co analyst S. Moss forecasts that the brokerage will post earnings per share of $0.21 for the quarter. FBR & Co 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 announced its quarterly earnings results on Tuesday, July 19th. The company reported $0.20 earnings per share for the quarter, missing analysts’ consensus estimates of $0.21 by $0.01. Regions Financial Corp. had a return on equity of 6.65% and a net margin of 18.63%. The business had revenue of $1.40 billion for the quarter, compared to analysts’ expectations of $1.37 billion.
A number of other research firms have also commented on RF. Wedbush initiated coverage on shares of Regions Financial Corp. in a research note on Thursday, October 6th. They issued an “outperform” rating and a $12.00 price objective for the company. They noted that the move was a valuation call. Evercore ISI reaffirmed a “buy” rating and issued a $10.00 price objective (up previously from $9.00) on shares of Regions Financial Corp. in a research note on Friday, July 22nd. Credit Suisse Group AG set a $9.50 price objective on shares of Regions Financial Corp. and gave the stock a “hold” rating in a research note on Wednesday, September 14th. Bank of America Corp. lowered shares of Regions Financial Corp. from a “buy” rating to a “neutral” rating in a research note on Wednesday, June 29th. Finally, Keefe, Bruyette & Woods raised shares of Regions Financial Corp. from an “underperform” rating to a “market perform” rating and set a $10.50 price objective for the company in a research note on Thursday, August 25th. 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 issued a strong buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of $10.34.
Shares of Regions Financial Corp. (NYSE:RF) opened at 10.05 on Thursday. The company’s 50-day moving average is $9.89 and its 200-day moving average is $9.25. Regions Financial Corp. has a 12 month low of $7.00 and a 12 month high of $10.47. The stock has a market capitalization of $12.61 billion, a PE ratio of 12.64 and a beta of 1.44.
A number of hedge funds have recently bought and sold shares of RF. AJO LP raised its stake in Regions Financial Corp. by 665.8% in the second quarter. AJO LP now owns 12,532,352 shares of the company’s stock valued at $106,650,000 after buying an additional 10,895,919 shares in the last quarter. Bank of Montreal Can bought a new stake in Regions Financial Corp. during the second quarter valued at about $44,648,000. Basswood Capital Management L.L.C. raised its stake in Regions Financial Corp. by 70.7% in the second quarter. Basswood Capital Management L.L.C. now owns 11,942,752 shares of the company’s stock valued at $101,633,000 after buying an additional 4,944,933 shares in the last quarter. Samlyn Capital LLC raised its stake in Regions Financial Corp. by 66.0% in the first quarter. Samlyn Capital LLC now owns 11,611,786 shares of the company’s stock valued at $91,152,000 after buying an additional 4,616,877 shares in the last quarter. Finally, Systematic Financial Management LP bought a new stake in Regions Financial Corp. during the second quarter valued at about $36,379,000. Institutional investors own 74.29% of the company’s stock.
In other Regions Financial Corp. news, EVP Scott M. Peters sold 23,391 shares of the firm’s stock in a transaction on Friday, August 26th. The shares were sold at an average price of $9.73, for a total value of $227,594.43. Following the sale, the executive vice president now directly owns 201,391 shares in the company, valued at approximately $1,959,534.43. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP C. Keith Herron sold 38,753 shares of the firm’s stock in a transaction on Tuesday, August 9th. The stock was sold at an average price of $9.38, for a total transaction of $363,503.14. Following the completion of the sale, the executive vice president now owns 290,384 shares in the company, valued at $2,723,801.92. The disclosure for this sale can be found here. 0.88% of the stock is currently owned by company insiders.
The business also recently declared a quarterly dividend, which will be paid on Tuesday, January 3rd. Shareholders of record on Friday, December 9th will be given a $0.065 dividend. The ex-dividend date is Wednesday, December 7th. This represents a $0.26 annualized dividend and a yield of 2.59%. Regions Financial Corp.’s dividend payout ratio is 32.91%.
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.
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.