Equities Analysts Cut Earnings Estimates for Regions Financial Corp (RF)

Regions Financial Corp (NYSE:RF) – Stock analysts at Piper Jaffray Companies reduced their Q3 2019 earnings estimates for Regions Financial in a research report issued on Sunday, April 21st. Piper Jaffray Companies analyst K. Barker now forecasts that the bank will post earnings of $0.40 per share for the quarter, down from their prior estimate of $0.41. Piper Jaffray Companies also issued estimates for Regions Financial’s FY2020 earnings at $1.64 EPS.

Regions Financial (NYSE:RF) last issued its earnings results on Thursday, April 18th. The bank reported $0.37 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.37. The business had revenue of $1.45 billion for the quarter, compared to the consensus estimate of $1.46 billion. Regions Financial had a net margin of 26.38% and a return on equity of 10.76%. The firm’s revenue for the quarter was up .7% on a year-over-year basis. During the same period in the previous year, the company earned $0.35 earnings per share.

RF has been the topic of several other reports. Nomura upgraded shares of Regions Financial from a “reduce” rating to a “neutral” rating and set a $14.00 price objective on the stock in a report on Friday, March 29th. Wedbush upped their price objective on shares of Regions Financial from $17.00 to $18.00 and gave the company a “neutral” rating in a report on Thursday, February 28th. Barclays decreased their price objective on shares of Regions Financial from $20.00 to $17.00 and set an “underweight” rating on the stock in a report on Wednesday, January 2nd. UBS Group upgraded shares of Regions Financial from a “neutral” rating to a “buy” rating in a report on Tuesday, January 8th. Finally, BMO Capital Markets initiated coverage on shares of Regions Financial in a report on Tuesday, March 12th. They issued an “outperform” rating and a $17.00 price objective on the stock. Three analysts have rated the stock with a sell rating, six have given a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company. The stock presently has an average rating of “Hold” and an average target price of $17.19.

NYSE:RF opened at $15.37 on Wednesday. Regions Financial has a one year low of $12.39 and a one year high of $19.99. The firm has a market capitalization of $15.18 billion, a price-to-earnings ratio of 11.30, a P/E/G ratio of 1.05 and a beta of 1.48. The company has a debt-to-equity ratio of 0.88, a quick ratio of 0.90 and a current ratio of 0.91.

The firm also recently declared a quarterly dividend, which was paid on Monday, April 1st. Investors of record on Friday, March 8th were paid a $0.14 dividend. The ex-dividend date of this dividend was Thursday, March 7th. This represents a $0.56 annualized dividend and a dividend yield of 3.64%. Regions Financial’s dividend payout ratio (DPR) is presently 41.18%.

A number of institutional investors and hedge funds have recently bought and sold shares of RF. Lindbrook Capital LLC bought a new position in shares of Regions Financial in the fourth quarter worth about $27,000. Legacy Financial Advisors Inc. bought a new position in shares of Regions Financial in the fourth quarter worth about $30,000. Financial Architects Inc bought a new position in shares of Regions Financial in the fourth quarter worth about $31,000. Whittier Trust Co. raised its holdings in Regions Financial by 84.7% in the 4th quarter. Whittier Trust Co. now owns 2,770 shares of the bank’s stock valued at $37,000 after buying an additional 1,270 shares during the last quarter. Finally, Doyle Wealth Management bought a new position in Regions Financial in the 4th quarter valued at approximately $40,000. 74.38% of the stock is owned by institutional investors and hedge funds.

Regions Financial Company Profile

Regions Financial Corporation, a financial holding company, provides banking and bank-related services to individual and corporate customers in the United States. 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 services; corresponding deposit products; and securities underwriting and placement, loan syndication and placement, foreign exchange, derivatives, merger and acquisition, and other advisory services.