Regions Financial (RF) to Release Earnings on Friday

Regions Financial (NYSE:RF) is scheduled to release its earnings data before the market opens on Friday, April 19th. Analysts expect Regions Financial to post earnings of $0.46 per share for the quarter. Investors that are interested in participating in the company’s conference call can do so using this link.

Regions Financial (NYSE:RF) last posted its quarterly earnings data on Friday, January 19th. The bank reported $0.39 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.48 by ($0.09). Regions Financial had a return on equity of 14.50% and a net margin of 22.66%. The firm had revenue of $1.81 billion during the quarter, compared to analyst estimates of $1.80 billion. During the same quarter in the previous year, the firm posted $0.67 earnings per share. The company’s quarterly revenue was down 9.5% on a year-over-year basis. On average, analysts expect Regions Financial to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Regions Financial Trading Up 0.3 %

RF stock opened at $18.86 on Thursday. The company has a current ratio of 0.82, a quick ratio of 0.82 and a debt-to-equity ratio of 0.15. Regions Financial has a 12-month low of $13.72 and a 12-month high of $21.08. The stock has a market cap of $17.33 billion, a price-to-earnings ratio of 9.02, a PEG ratio of 1.39 and a beta of 1.21. The business’s 50-day moving average is $19.28 and its 200 day moving average is $17.97.

Regions Financial Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, July 1st. Stockholders of record on Monday, June 3rd will be given a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a dividend yield of 5.09%. Regions Financial’s payout ratio is presently 45.93%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. Advisory Services Network LLC lifted its stake in shares of Regions Financial by 8.0% in the 1st quarter. Advisory Services Network LLC now owns 10,244 shares of the bank’s stock valued at $190,000 after purchasing an additional 755 shares during the last quarter. Industrial Alliance Investment Management Inc. bought a new position in shares of Regions Financial during the 3rd quarter worth about $184,000. Lido Advisors LLC acquired a new stake in shares of Regions Financial during the 3rd quarter valued at about $175,000. MBM Wealth Consultants LLC boosted its position in Regions Financial by 44.7% in the fourth quarter. MBM Wealth Consultants LLC now owns 6,474 shares of the bank’s stock valued at $139,000 after buying an additional 1,999 shares in the last quarter. Finally, Money Concepts Capital Corp boosted its position in Regions Financial by 3,254.6% in the fourth quarter. Money Concepts Capital Corp now owns 4,730 shares of the bank’s stock valued at $102,000 after buying an additional 4,589 shares in the last quarter. 79.39% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of analysts have recently weighed in on RF shares. StockNews.com lowered Regions Financial from a “hold” rating to a “sell” rating in a research report on Tuesday, February 6th. Morgan Stanley boosted their target price on shares of Regions Financial from $21.00 to $27.00 and gave the stock an “overweight” rating in a research note on Tuesday, January 30th. Jefferies Financial Group upgraded shares of Regions Financial from a “hold” rating to a “buy” rating and boosted their target price for the stock from $15.00 to $22.00 in a research note on Tuesday, January 9th. Royal Bank of Canada boosted their target price on shares of Regions Financial from $19.00 to $21.00 and gave the stock an “outperform” rating in a research note on Monday, January 22nd. Finally, Truist Financial raised their price objective on Regions Financial from $20.00 to $22.00 and gave the stock a “hold” rating in a report on Monday, April 1st. Two research analysts have rated the stock with a sell rating, eleven have given a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat, Regions Financial presently has a consensus rating of “Hold” and a consensus target price of $20.39.

About Regions Financial

Regions Financial Corporation, a financial holding company, provides banking and bank-related services to individual and corporate customers. It operates through three segments: Corporate Bank, Consumer Bank, and Wealth Management. The Corporate Bank segment offers commercial banking services, such as commercial and industrial, commercial real estate, and investor real estate lending; equipment lease financing; deposit products; and securities underwriting and placement, loan syndication and placement, foreign exchange, derivatives, merger and acquisition, and other advisory services.