Regions Financial Corp. (NYSE:RF) – Equities research analysts at FBR & Co increased their Q1 2018 earnings estimates for Regions Financial Corp. in a report issued on Wednesday. FBR & Co analyst S. Moss now anticipates that the firm will earn $0.22 per share for the quarter, up from their prior estimate of $0.21. FBR & Co has a “Marketperform” rating on the stock. FBR & Co also issued estimates for Regions Financial Corp.’s Q3 2018 earnings at $0.25 EPS and FY2018 earnings at $0.95 EPS.

Regions Financial Corp. (NYSE:RF) last announced its quarterly earnings results on Tuesday, October 18th. The company reported $0.24 earnings per share for the quarter, beating analysts’ consensus estimates of $0.21 by $0.03. The business earned $1.46 billion during the quarter, compared to analysts’ expectations of $1.38 billion. Regions Financial Corp. had a return on equity of 7.03% and a net margin of 19.43%. The business’s revenue for the quarter was up .8% on a year-over-year basis. During the same quarter last year, the business posted $0.18 earnings per share.

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

Several other research analysts have also recently weighed in on RF. Drexel Hamilton reissued a “hold” rating on shares of Regions Financial Corp. in a research report on Wednesday, July 20th. Credit Suisse Group AG reissued a “hold” rating and set a $9.50 price target on shares of Regions Financial Corp. in a research report on Wednesday, July 20th. Evercore ISI reissued a “buy” rating and set a $10.00 price target (up previously from $9.00) on shares of Regions Financial Corp. in a research report on Friday, July 22nd. TheStreet raised shares of Regions Financial Corp. from a “hold” rating to a “buy” rating in a research report on Friday, August 5th. Finally, Sanford C. Bernstein cut shares of Regions Financial Corp. from an “outperform” rating to a “market perform” rating and decreased their target price for the company from $9.56 to $9.50 in a research report on Tuesday, August 16th. They noted that the move was a valuation call. One investment analyst has rated the stock with a sell rating, fourteen have assigned a hold rating, eleven have given a buy rating and one has given a strong buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average target price of $10.40.

Regions Financial Corp. (NYSE:RF) traded up 2.22% during mid-day trading on Friday, reaching $12.45. The company had a trading volume of 30,371,264 shares. The firm has a market capitalization of $15.39 billion, a P/E ratio of 14.63 and a beta of 1.35. Regions Financial Corp. has a 12 month low of $7.00 and a 12 month high of $12.47. The stock’s 50-day moving average is $10.47 and its 200 day moving average is $9.61.

Large investors have recently modified their holdings of the company. Pictet Asset Management Ltd. increased its stake in shares of Regions Financial Corp. by 1.5% in the first quarter. Pictet Asset Management Ltd. now owns 699,663 shares of the company’s stock valued at $5,262,000 after buying an additional 10,100 shares in the last quarter. Geode Capital Management LLC increased its stake in shares of Regions Financial Corp. by 0.3% in the first quarter. Geode Capital Management LLC now owns 11,508,410 shares of the company’s stock valued at $90,175,000 after buying an additional 35,161 shares in the last quarter. Hancock Holding Co. increased its stake in shares of Regions Financial Corp. by 34.5% in the first quarter. Hancock Holding Co. now owns 19,492 shares of the company’s stock valued at $153,000 after buying an additional 5,000 shares in the last quarter. HBK Investments L P bought a new stake in shares of Regions Financial Corp. during the first quarter valued at $1,302,000. Finally, Renaissance Technologies LLC increased its stake in shares of Regions Financial Corp. by 822.3% in the first quarter. Renaissance Technologies LLC now owns 1,922,921 shares of the company’s stock valued at $15,095,000 after buying an additional 1,714,421 shares in the last quarter. 74.75% of the stock is owned by hedge funds and other institutional investors.

In related news, EVP William D. Ritter sold 69,410 shares of the stock in a transaction on Wednesday, October 26th. The stock was sold at an average price of $10.73, for a total transaction of $744,769.30. Following the completion of the sale, the executive vice president now directly owns 321,691 shares of the company’s stock, valued at $3,451,744.43. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP Ellen S. Jones sold 10,000 shares of the stock in a transaction on Thursday, August 18th. The stock was sold at an average price of $9.53, for a total value of $95,300.00. Following the sale, the executive vice president now directly owns 54,886 shares of the company’s stock, valued at $523,063.58. The disclosure for this sale can be found here. 0.88% of the stock is owned by insiders.

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 3rd. Stockholders of record on Friday, December 9th will be issued a $0.065 dividend. This represents a $0.26 annualized dividend and a dividend yield of 2.09%. The ex-dividend date of this dividend is Wednesday, December 7th. Regions Financial Corp.’s payout ratio is currently 30.59%.

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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