Regions Financial Corp (NYSE:RF) – Analysts at Truist Securiti increased their FY2020 earnings per share (EPS) estimates for shares of Regions Financial in a research report issued on Tuesday, September 29th. Truist Securiti analyst J. Demba now anticipates that the bank will post earnings per share of $0.54 for the year, up from their prior estimate of $0.49. Truist Securiti also issued estimates for Regions Financial’s Q4 2020 earnings at $0.29 EPS, Q1 2021 earnings at $0.29 EPS, Q2 2021 earnings at $0.32 EPS, Q3 2021 earnings at $0.32 EPS and FY2021 earnings at $1.25 EPS.
RF has been the subject of a number of other reports. Wells Fargo & Company boosted their target price on shares of Regions Financial from $12.00 to $15.00 in a research note on Friday, June 5th. Wolfe Research assumed coverage on shares of Regions Financial in a research note on Friday, July 31st. They issued an “outperform” rating for the company. Raymond James reduced their price target on shares of Regions Financial from $15.00 to $14.00 and set a “strong-buy” rating for the company in a research note on Monday, July 20th. Bank of America reduced their price target on shares of Regions Financial from $14.00 to $13.00 and set a “neutral” rating for the company in a research note on Friday, July 10th. Finally, Odeon Capital Group raised shares of Regions Financial from a “hold” rating to a “buy” rating in a research note on Tuesday, September 15th. Eight investment analysts have rated the stock with a hold rating, ten have assigned a buy rating and two have issued a strong buy rating to the company. The stock presently has an average rating of “Buy” and a consensus price target of $13.17.
NYSE RF opened at $11.53 on Wednesday. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.87 and a current ratio of 0.88. The company has a 50-day simple moving average of $11.54 and a 200-day simple moving average of $10.71. The firm has a market capitalization of $11.07 billion, a PE ratio of 17.47, a price-to-earnings-growth ratio of 3.70 and a beta of 1.64. Regions Financial has a one year low of $6.94 and a one year high of $17.54.
Regions Financial (NYSE:RF) last announced its earnings results on Friday, July 17th. The bank reported ($0.25) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.07 by ($0.32). Regions Financial had a return on equity of 5.10% and a net margin of 11.32%. The firm had revenue of $1.55 billion for the quarter, compared to analyst estimates of $1.45 billion. During the same quarter last year, the business posted $0.37 EPS.
The business also recently announced a quarterly dividend, which will be paid on Thursday, October 1st. Investors of record on Friday, September 4th will be paid a dividend of $0.155 per share. This represents a $0.62 annualized dividend and a yield of 5.38%. The ex-dividend date of this dividend is Thursday, September 3rd. Regions Financial’s payout ratio is currently 40.00%.
A number of large investors have recently added to or reduced their stakes in RF. Capital World Investors acquired a new position in Regions Financial during the 1st quarter valued at $288,941,000. Charles Schwab Investment Management Inc. raised its stake in shares of Regions Financial by 126.7% in the 2nd quarter. Charles Schwab Investment Management Inc. now owns 11,490,998 shares of the bank’s stock valued at $127,780,000 after buying an additional 6,421,820 shares in the last quarter. Wellington Management Group LLP raised its stake in shares of Regions Financial by 4,630.9% in the 1st quarter. Wellington Management Group LLP now owns 6,559,059 shares of the bank’s stock valued at $58,835,000 after buying an additional 6,420,417 shares in the last quarter. Nordea Investment Management AB raised its stake in shares of Regions Financial by 108.3% in the 2nd quarter. Nordea Investment Management AB now owns 11,057,484 shares of the bank’s stock valued at $120,968,000 after buying an additional 5,748,190 shares in the last quarter. Finally, Prudential PLC raised its stake in shares of Regions Financial by 33.4% in the 2nd quarter. Prudential PLC now owns 7,554,953 shares of the bank’s stock valued at $84,012,000 after buying an additional 1,891,431 shares in the last quarter. Hedge funds and other institutional investors own 73.35% of the company’s stock.
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.
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