Equities research analysts predict that Regions Financial Corp (NYSE:RF) will post sales of $1.48 billion for the current quarter, according to Zacks Investment Research. Twenty Five analysts have issued estimates for Regions Financial’s earnings, with estimates ranging from $1.47 billion to $1.50 billion. Regions Financial posted sales of $1.46 billion in the same quarter last year, which would indicate a positive year-over-year growth rate of 1.4%. The business is expected to issue its next earnings results on Friday, January 18th.

On average, analysts expect that Regions Financial will report full year sales of $5.82 billion for the current year, with estimates ranging from $5.76 billion to $6.09 billion. For the next fiscal year, analysts expect that the company will post sales of $6.01 billion, with estimates ranging from $5.89 billion to $6.11 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of research analysts that cover Regions Financial.

Regions Financial (NYSE:RF) last issued its earnings results on Tuesday, October 23rd. The bank reported $0.32 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.36 by ($0.04). Regions Financial had a net margin of 26.39% and a return on equity of 10.15%. The firm had revenue of $1.46 billion during the quarter, compared to analyst estimates of $1.47 billion. During the same quarter in the prior year, the firm posted $0.25 EPS. The firm’s revenue for the quarter was up 5.9% on a year-over-year basis.

Several equities research analysts have recently commented on the stock. Raymond James upgraded shares of Regions Financial from an “outperform” rating to a “strong-buy” rating in a research note on Wednesday, October 31st. They noted that the move was a valuation call. B. Riley set a $20.00 price target on shares of Regions Financial and gave the stock a “hold” rating in a research report on Monday, October 15th. Vining Sparks reiterated a “buy” rating and set a $22.00 price target on shares of Regions Financial in a research report on Tuesday, October 9th. Finally, Wedbush set a $22.00 price target on shares of Regions Financial and gave the stock a “buy” rating in a research report on Friday, September 7th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating, five have given a buy rating and two have given a strong buy rating to the company. The stock has an average rating of “Buy” and an average target price of $18.91.

Shares of NYSE:RF traded down $0.05 on Tuesday, hitting $16.88. The stock had a trading volume of 12,300,060 shares, compared to its average volume of 11,553,782. Regions Financial has a twelve month low of $15.36 and a twelve month high of $20.21. The company has a debt-to-equity ratio of 0.80, a quick ratio of 0.88 and a current ratio of 0.88. The company has a market capitalization of $17.82 billion, a PE ratio of 16.88, a P/E/G ratio of 0.96 and a beta of 1.29.

The business also recently declared a quarterly dividend, which will be paid on Wednesday, January 2nd. Investors of record on Friday, December 7th will be given a dividend of $0.14 per share. The ex-dividend date is Thursday, December 6th. This represents a $0.56 annualized dividend and a yield of 3.32%. Regions Financial’s dividend payout ratio (DPR) is 56.00%.

Hedge funds and other institutional investors have recently modified their holdings of the stock. Parallel Advisors LLC raised its holdings in Regions Financial by 87.3% during the 2nd quarter. Parallel Advisors LLC now owns 6,062 shares of the bank’s stock worth $107,000 after purchasing an additional 2,825 shares during the last quarter. Rational Advisors LLC raised its holdings in Regions Financial by 245.8% during the 3rd quarter. Rational Advisors LLC now owns 6,217 shares of the bank’s stock worth $114,000 after purchasing an additional 4,419 shares during the last quarter. Stratos Wealth Partners LTD. bought a new stake in Regions Financial during the 3rd quarter worth about $114,000. Migdal Insurance & Financial Holdings Ltd. raised its holdings in Regions Financial by 8,481.6% during the 2nd quarter. Migdal Insurance & Financial Holdings Ltd. now owns 6,522 shares of the bank’s stock worth $116,000 after purchasing an additional 6,446 shares during the last quarter. Finally, Flagship Harbor Advisors LLC bought a new stake in Regions Financial during the 2nd quarter worth about $116,000. Institutional investors and hedge funds own 73.89% of the company’s stock.

About Regions Financial

Regions Financial Corporation, together with its subsidiaries, provides banking and bank-related services to individual and corporate customers in the United States. Its Corporate Bank segment offers commercial banking services, such as commercial and industrial, commercial real estate, and investor real estate lending, as well as equipment lease financing services and corresponding deposits.

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

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