Brokerages forecast Regions Financial Co. (NYSE: RF) to report earnings of $ 0.49 per share for the current quarter, according to Zack. Six analysts have released estimates for Regions Financial’s revenue, with estimates ranging from $ 0.41 to $ 0.56. Regions Financial reported earnings of $ 0.62 per share in the same quarter last year, which would indicate a negative growth rate of 21%. The company is expected to publish its next results before the market opens on Thursday, January 20.
According to Zacks, analysts expect Regions Financial to report annual earnings of $ 2.56 per share for the current fiscal year, with EPS estimates ranging from $ 2.42 to $ 2.64. For next year, analysts expect the company to post earnings of $ 2.08 per share, with EPS estimates ranging from $ 1.88 to $ 2.21. Zacks’ EPS calculations are an average based on a survey of analysts who cover Regions Financial.
Regions Financial (NYSE: RF) last released its quarterly earnings data on Thursday, October 21. The bank reported $ 0.65 of EPS for the quarter, beating the consensus estimate of $ 0.53 by $ 0.12. Regions Financial had a net margin of 40.43% and a return on equity of 16.44%. The company posted revenue of $ 1.61 billion in the quarter, compared to analysts’ estimates of $ 1.56 billion. During the same period of the previous year, the company achieved earnings per share of $ 0.49. Regions Financial’s quarterly revenues fell 1.8% from the same quarter last year.
A number of brokerage firms have recently weighed in on RF. Morgan Stanley raised its price target on Regions Financial from $ 26.00 to $ 30.00 and rated the stock “overweight” in a research note on Monday, December 6. Barclays raised its price target on Regions Financial from $ 23.00 to $ 26.00 and rated the stock “underweight” in a research note on Monday, October 25. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating on Regions Financial shares in a research report on Friday, December 17th. Wedbush upgraded Regions Financial from a “neutral” to an “outperforming” rating and raised its target price for the company from $ 26.40 to $ 29.00 in a research report published on Monday, October 25. Finally, Truist increased its price target on Regions Financial from $ 23.00 to $ 28.00 and gave the company a “buy” rating in a research report on Monday, October 25. Two research analysts rated the stock with a sell rating, eight assigned a conservation rating, and eight gave the company a buy rating. Based on data from MarketBeat.com, the company currently has an average “Hold” rating and a consensus price target of $ 22.83.
In other news, EVP Amala Duggirala sold 25,000 shares in a trade on Wednesday, November 10. The stock was sold for an average price of $ 24.50, for a total trade of $ 612,500.00. The transaction was disclosed in a legal file with the Securities & Exchange Commission, accessible via this link. Company insiders own 0.21% of the company’s shares.
Institutional investors recently changed their positions in the stock. Russell Investments Group Ltd. increased its position in Regions Financial by 4.3% in the second quarter. Russell Investments Group Ltd. now owns 1,074,515 shares of the bank valued at $ 21,678,000 after purchasing an additional 44,190 shares last quarter. BNP Paribas Arbitrage SA increased its position in Regions Financial shares by 93.4% during the second quarter. BNP Paribas Arbitrage SA now owns 1,809,911 bank shares worth $ 36,524,000 after acquiring 874,226 additional shares in the last quarter. Capital Fund Management SA increased its position in Regions Financial shares by 241.7% during the second quarter. Capital Fund Management SA now owns 238,815 shares of the bank valued at $ 4,819,000 after acquiring an additional 168,933 shares during the last quarter. The New York State Teachers’ Pension System increased its position in Regions Financial stocks by 2.5% in the third quarter. The New York State Teachers’ Pension System now owns 1,358,993 shares of the bank valued at $ 28,960,000 after acquiring an additional 33,515 shares in the last quarter. Finally, Edgestream Partners LP acquired a new stake in the shares of Regions Financial during the second quarter valued at approximately $ 4,918,000. Institutional investors hold 73.03% of the shares of the company.
Shares of RF traded up $ 0.18 on Friday, reaching $ 21.52. The stock had a trade volume of 4,489,235 shares, compared to its average volume of 7,932,989. The company has a quick ratio of 0.83, a current ratio of 0.84, and a leverage ratio of 0.14. The company has a 50-day moving average price of $ 23.21 and a 200-day moving average price of $ 21.29. The company has a market cap of $ 20.51 billion, a PE ratio of 8.09, a P / E / G ratio of 0.52, and a beta of 1.45. Regions Financial has a one-year low of $ 15.69 and a one-year high of $ 24.89.
The company also recently announced a quarterly dividend, which will be paid on Monday, January 3. Shareholders of record on Friday, December 3 will receive a dividend of $ 0.17. This represents an annualized dividend of $ 0.68 and a return of 3.16%. The ex-dividend date of this dividend is Thursday, December 2. Regions Financial’s payout ratio is currently 25.56%.
Profile of the financial company of the regions
Regions Financial Corp. operates as a bank holding company. It provides traditional commercial, retail and mortgage banking, as well as other financial services in the areas of investment banking, asset management, trusts, mutual funds, securities brokerage. securities, insurance and other financing. The company operates through the following segments: Corporate Bank, Consumer Bank and Wealth Management.
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