Regions Financial (NYSE:RF) posted its quarterly earnings results on Friday. The bank reported $0.35 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.31 by $0.04, Bloomberg Earnings reports. The business had revenue of $1.42 billion during the quarter, compared to the consensus estimate of $1.44 billion. Regions Financial had a net margin of 20.48% and a return on equity of 7.87%. During the same quarter in the previous year, the firm posted $0.23 earnings per share.
Shares of RF opened at $18.89 on Friday. Regions Financial has a 1-year low of $13.02 and a 1-year high of $20.21. The firm has a market capitalization of $21,205.25, a P/E ratio of 18.89, a P/E/G ratio of 1.06 and a beta of 1.26. The company has a debt-to-equity ratio of 0.53, a current ratio of 0.86 and a quick ratio of 0.86.
The business also recently declared a quarterly dividend, which was paid on Monday, April 2nd. Investors of record on Friday, March 9th were given a $0.09 dividend. The ex-dividend date of this dividend was Thursday, March 8th. This represents a $0.36 dividend on an annualized basis and a yield of 1.91%. Regions Financial’s dividend payout ratio (DPR) is presently 36.00%.
RF has been the subject of several research reports. Barclays boosted their price target on shares of Regions Financial from $15.00 to $19.00 and gave the stock an “underweight” rating in a research note on Tuesday, January 2nd. Robert W. Baird restated a “sell” rating and issued a $17.00 price target on shares of Regions Financial in a research note on Wednesday, January 3rd. Royal Bank of Canada restated a “hold” rating and issued a $18.00 price target on shares of Regions Financial in a research note on Sunday, January 21st. ValuEngine raised shares of Regions Financial from a “hold” rating to a “buy” rating in a research report on Thursday, March 1st. Finally, Piper Jaffray reaffirmed a “hold” rating and set a $18.00 price objective on shares of Regions Financial in a research report on Friday, January 19th. Three analysts have rated the stock with a sell rating, sixteen have assigned a hold rating, four have assigned a buy rating and two have given a strong buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average price target of $17.37.
In related news, EVP Scott M. Peters sold 25,627 shares of the business’s stock in a transaction on Wednesday, January 24th. The shares were sold at an average price of $19.50, for a total value of $499,726.50. Following the completion of the sale, the executive vice president now directly owns 240,796 shares of the company’s stock, valued at $4,695,522. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, EVP Ronald G. Smith sold 92,301 shares of the business’s stock in a transaction on Friday, February 23rd. The shares were sold at an average price of $19.32, for a total transaction of $1,783,255.32. The disclosure for this sale can be found here. 0.84% of the stock is owned by insiders.
Several large investors have recently made changes to their positions in RF. Welch Investments LLC purchased a new stake in shares of Regions Financial in the fourth quarter valued at about $120,000. Avestar Capital LLC purchased a new stake in shares of Regions Financial in the fourth quarter valued at about $135,000. Steward Partners Investment Advisory LLC purchased a new stake in shares of Regions Financial in the third quarter valued at about $150,000. Captrust Financial Advisors purchased a new stake in shares of Regions Financial in the fourth quarter valued at about $166,000. Finally, Valeo Financial Advisors LLC raised its holdings in shares of Regions Financial by 152.4% in the fourth quarter. Valeo Financial Advisors LLC now owns 10,349 shares of the bank’s stock valued at $179,000 after buying an additional 6,249 shares during the last quarter. 76.28% of the stock is owned by institutional investors and hedge funds.
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Regions Financial Company Profile
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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