Regions Financial Corporation (NYSE:RF) – Wedbush decreased their Q3 2017 earnings estimates for shares of Regions Financial Corporation in a research report issued to clients and investors on Monday. Wedbush analyst P. Winter now expects that the bank will earn $0.26 per share for the quarter, down from their prior forecast of $0.27. Wedbush also issued estimates for Regions Financial Corporation’s FY2017 earnings at $1.00 EPS, Q2 2018 earnings at $0.27 EPS, Q3 2018 earnings at $0.28 EPS, Q4 2018 earnings at $0.29 EPS and FY2018 earnings at $1.10 EPS.

Regions Financial Corporation (NYSE:RF) last issued its quarterly earnings data on Friday, July 21st. The bank reported $0.25 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.24 by $0.01. The business had revenue of $1.42 billion for the quarter, compared to analysts’ expectations of $1.43 billion. Regions Financial Corporation had a return on equity of 7.51% and a net margin of 20.25%. The firm’s quarterly revenue was up 2.0% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.20 EPS.

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RF has been the topic of several other reports. Deutsche Bank AG reiterated a “hold” rating on shares of Regions Financial Corporation in a research report on Monday, July 3rd. Bank of America Corporation reiterated a “buy” rating and set a $17.00 target price on shares of Regions Financial Corporation in a research report on Wednesday, July 26th. BidaskClub downgraded Regions Financial Corporation from a “hold” rating to a “sell” rating in a research report on Tuesday, July 25th. Wells Fargo & Company initiated coverage on Regions Financial Corporation in a research report on Wednesday, August 9th. They set a “market perform” rating and a $16.00 target price on the stock. Finally, Royal Bank Of Canada reiterated a “hold” rating and set a $15.00 target price on shares of Regions Financial Corporation in a research report on Thursday, May 18th. Three research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating, six have issued a buy rating and one has given a strong buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus target price of $14.63.

Regions Financial Corporation (NYSE:RF) opened at 13.70 on Wednesday. The firm has a 50-day moving average price of $14.29 and a 200-day moving average price of $14.34. Regions Financial Corporation has a 52 week low of $9.37 and a 52 week high of $16.03. The company has a market capitalization of $16.37 billion, a price-to-earnings ratio of 14.32 and a beta of 1.33.

A number of hedge funds and other institutional investors have recently modified their holdings of the business. USA Financial Portformulas Corp increased its stake in Regions Financial Corporation by 17.1% during the second quarter. USA Financial Portformulas Corp now owns 36,303 shares of the bank’s stock worth $531,000 after acquiring an additional 5,295 shares during the last quarter. Sentry Investment Management LLC increased its stake in Regions Financial Corporation by 0.7% during the second quarter. Sentry Investment Management LLC now owns 53,166 shares of the bank’s stock worth $778,000 after acquiring an additional 345 shares during the last quarter. Toronto Dominion Bank increased its stake in Regions Financial Corporation by 24.8% during the second quarter. Toronto Dominion Bank now owns 408,156 shares of the bank’s stock worth $5,974,000 after acquiring an additional 81,188 shares during the last quarter. Dynamic Technology Lab Private Ltd increased its stake in Regions Financial Corporation by 194.0% during the second quarter. Dynamic Technology Lab Private Ltd now owns 36,225 shares of the bank’s stock worth $531,000 after acquiring an additional 23,902 shares during the last quarter. Finally, Koch Industries Inc. bought a new stake in Regions Financial Corporation during the second quarter worth approximately $614,000. 75.61% of the stock is currently owned by institutional investors.

In other Regions Financial Corporation news, CFO David J. Turner, Jr. sold 65,000 shares of the business’s stock in a transaction that occurred on Monday, August 7th. The stock was sold at an average price of $14.95, for a total transaction of $971,750.00. Following the sale, the chief financial officer now directly owns 121,160 shares of the company’s stock, valued at $1,811,342. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Susan W. Matlock sold 10,000 shares of the business’s stock in a transaction that occurred on Friday, August 4th. The stock was sold at an average price of $15.23, for a total value of $152,300.00. Following the sale, the director now directly owns 32,188 shares in the company, valued at $490,223.24. The disclosure for this sale can be found here. Insiders have sold 124,514 shares of company stock worth $1,846,733 over the last three months. 0.52% of the stock is currently owned by insiders.

Regions Financial Corporation announced that its Board of Directors has authorized a stock buyback program on Wednesday, June 28th that authorizes the company to buyback $1.47 billion in outstanding shares. This buyback authorization authorizes the bank to purchase up to 8.7% of its shares through open market purchases. Shares buyback programs are typically a sign that the company’s board of directors believes its stock is undervalued.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 29th. Shareholders of record on Friday, September 8th will be paid a dividend of $0.09 per share. This is a boost from Regions Financial Corporation’s previous quarterly dividend of $0.07. This represents a $0.36 annualized dividend and a yield of 2.63%. The ex-dividend date of this dividend is Thursday, September 7th. Regions Financial Corporation’s payout ratio is presently 37.89%.

Regions Financial Corporation Company Profile

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.

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

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