Regions Financial (NYSE:RF) Announces Earnings Results, Misses Estimates By $0.08 EPS

Regions Financial (NYSE:RF) posted its quarterly earnings data on Friday. The bank reported $0.37 earnings per share for the quarter, missing the consensus estimate of $0.45 by ($0.08), RTT News reports. Regions Financial had a net margin of 22.66% and a return on equity of 14.50%. The firm had revenue of $1.75 billion for the quarter, compared to the consensus estimate of $1.75 billion. During the same period in the previous year, the firm posted $0.62 earnings per share. The business’s revenue was down 10.5% compared to the same quarter last year.

Regions Financial Stock Performance

RF opened at $18.91 on Friday. Regions Financial has a twelve month low of $13.72 and a twelve month high of $21.08. The firm has a market capitalization of $17.38 billion, a PE ratio of 9.05, a PEG ratio of 1.37 and a beta of 1.21. The company has a current ratio of 0.82, a quick ratio of 0.82 and a debt-to-equity ratio of 0.15. The firm’s 50-day moving average price is $19.32 and its 200 day moving average price is $17.99.

Regions Financial Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, July 1st. Stockholders of record on Monday, June 3rd will be given a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a dividend yield of 5.08%. The ex-dividend date is Monday, June 3rd. Regions Financial’s dividend payout ratio (DPR) is 45.93%.

Institutional Trading of Regions Financial

A number of hedge funds have recently bought and sold shares of the business. Advisory Services Network LLC grew its position in shares of Regions Financial by 8.0% in the first 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 in the last quarter. Industrial Alliance Investment Management Inc. acquired a new stake in shares of Regions Financial during the 3rd quarter worth about $184,000. Lido Advisors LLC purchased a new stake in shares of Regions Financial in the 3rd quarter valued at approximately $175,000. MBM Wealth Consultants LLC boosted its position in shares of Regions Financial by 44.7% during the 4th quarter. MBM Wealth Consultants LLC now owns 6,474 shares of the bank’s stock worth $139,000 after purchasing an additional 1,999 shares during the period. Finally, Money Concepts Capital Corp boosted its position in shares of Regions Financial by 3,254.6% during the fourth quarter. Money Concepts Capital Corp now owns 4,730 shares of the bank’s stock worth $102,000 after buying an additional 4,589 shares during the period. Institutional investors and hedge funds own 79.39% of the company’s stock.

Wall Street Analysts Forecast Growth

RF has been the subject of several research reports. Jefferies Financial Group upgraded shares of Regions Financial from a “hold” rating to a “buy” rating and increased their price target for the stock from $15.00 to $22.00 in a research note on Tuesday, January 9th. Evercore ISI boosted their price target on Regions Financial from $20.00 to $22.00 and gave the stock an “in-line” rating in a research note on Thursday, March 28th. Barclays restated an “underweight” rating and set a $22.00 target price (up previously from $20.00) on shares of Regions Financial in a research note on Tuesday, January 2nd. Argus cut shares of Regions Financial from a “buy” rating to a “hold” rating in a report on Tuesday, January 23rd. Finally, Stephens reissued an “equal weight” rating and issued a $21.00 target price on shares of Regions Financial in a research report on Tuesday, January 23rd. Two analysts have rated the stock with a sell rating, eleven have issued a hold rating and six have issued a buy rating to the company. According to data from MarketBeat, Regions Financial has an average rating of “Hold” and an average target price of $20.39.

Regions Financial Company Profile

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.