Regions Financial Corp. (NYSE:RF) released its quarterly earnings data on Tuesday. The company reported $0.24 EPS for the quarter, topping the consensus estimate of $0.21 by $0.03. Regions Financial Corp. had a net margin of 18.63% and a return on equity of 6.65%. The business had revenue of $1.46 billion for the quarter, compared to analyst estimates of $1.38 billion. During the same period in the previous year, the firm earned $0.18 EPS.

Shares of Regions Financial Corp. (NYSE:RF) opened at 10.01 on Tuesday. The firm has a 50-day moving average of $9.90 and a 200 day moving average of $9.29. Regions Financial Corp. has a 12 month low of $7.00 and a 12 month high of $10.47. The firm has a market cap of $12.56 billion, a P/E ratio of 12.59 and a beta of 1.44.

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

The company also recently disclosed 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. This represents a $0.26 annualized dividend and a yield of 2.60%. The ex-dividend date is Wednesday, December 7th. Regions Financial Corp.’s dividend payout ratio (DPR) is 32.91%.

In related news, EVP C. Keith Herron sold 38,753 shares of Regions Financial Corp. 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 transaction, the executive vice president now owns 290,384 shares of the company’s stock, valued at approximately $2,723,801.92. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Scott M. Peters sold 23,391 shares of Regions Financial Corp. stock in a transaction dated Friday, August 26th. The stock was sold at an average price of $9.73, for a total value of $227,594.43. Following the completion of the transaction, the executive vice president now directly owns 201,391 shares in the company, valued at approximately $1,959,534.43. The disclosure for this sale can be found here. 0.88% of the stock is owned by corporate insiders.

A number of institutional investors have recently modified their holdings of the company. Meiji Yasuda Asset Management Co Ltd. boosted 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 worth $104,000 after buying an additional 710 shares in the last quarter. Woodmont Investment Counsel LLC boosted 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 worth $120,000 after buying an additional 426 shares in the last quarter. Pacer Advisors Inc. boosted 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 worth $194,000 after buying an additional 1,529 shares in the last quarter. Advisor Group Inc. bought a new position in shares of Regions Financial Corp. during the second quarter worth $198,000. Finally, Bank of Nova Scotia boosted 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 worth $218,000 after buying an additional 1,310 shares in the last quarter. 74.26% of the stock is currently owned by hedge funds and other institutional investors.

Several equities research analysts recently commented on RF shares. Bank of America Corp. lowered shares of Regions Financial Corp. from a “buy” rating to a “neutral” rating in a research report on Wednesday, June 29th. TheStreet lowered shares of Regions Financial Corp. from a “buy” rating to a “hold” rating in a research report on Tuesday, July 5th. Jefferies Group reiterated a “buy” rating and issued a $9.50 price objective on shares of Regions Financial Corp. in a research report on Thursday, July 7th. Wells Fargo & Co. reiterated a “hold” rating on shares of Regions Financial Corp. in a research report on Saturday, July 9th. Finally, Barclays PLC reiterated a “sell” rating on shares of Regions Financial Corp. in a research report on Saturday, July 9th. One equities research analyst has rated the stock with a sell rating, thirteen have assigned a hold rating, twelve have given a buy rating and one has assigned a strong buy rating to the company. The stock 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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