Wall Street analysts expect Regions Financial Corp (NYSE:RF) to post earnings of $0.36 per share for the current fiscal quarter, according to Zacks. Nine analysts have issued estimates for Regions Financial’s earnings, with the highest EPS estimate coming in at $0.39 and the lowest estimate coming in at $0.23. Regions Financial reported earnings of $0.37 per share during the same quarter last year, which would indicate a negative year-over-year growth rate of 2.7%. The business is expected to issue its next quarterly earnings results on Thursday, April 16th.
On average, analysts expect that Regions Financial will report full-year earnings of $1.56 per share for the current year, with EPS estimates ranging from $1.32 to $1.70. For the next fiscal year, analysts anticipate that the business will report earnings of $1.65 per share, with EPS estimates ranging from $1.50 to $1.75. Zacks Investment Research’s earnings per share calculations are an average based on a survey of sell-side research firms that that provide coverage for Regions Financial.
Regions Financial (NYSE:RF) last posted its earnings results on Friday, January 17th. The bank reported $0.40 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.39 by $0.01. Regions Financial had a net margin of 23.42% and a return on equity of 10.77%. The business had revenue of $1.48 billion for the quarter, compared to analysts’ expectations of $1.48 billion. During the same period in the prior year, the company posted $0.37 EPS. The business’s revenue for the quarter was up 3.0% compared to the same quarter last year.
Large investors have recently modified their holdings of the company. Parkside Financial Bank & Trust grew its holdings in shares of Regions Financial by 77.4% during the 4th quarter. Parkside Financial Bank & Trust now owns 2,432 shares of the bank’s stock valued at $42,000 after purchasing an additional 1,061 shares during the last quarter. Samalin Investment Counsel LLC bought a new position in shares of Regions Financial during the 4th quarter valued at $45,000. Mcmillion Capital Management Inc. bought a new position in shares of Regions Financial during the 4th quarter valued at $46,000. Tobias Financial Advisors Inc. bought a new position in shares of Regions Financial during the 4th quarter valued at $48,000. Finally, Thor Advisors LLC bought a new position in shares of Regions Financial during the 3rd quarter valued at $51,000. 72.64% of the stock is currently owned by hedge funds and other institutional investors.
NYSE RF traded up $1.12 on Friday, hitting $9.85. The stock had a trading volume of 17,688,028 shares, compared to its average volume of 14,111,295. Regions Financial has a 52-week low of $6.94 and a 52-week high of $17.54. The company has a debt-to-equity ratio of 0.53, a quick ratio of 0.87 and a current ratio of 0.88. The company has a market capitalization of $8.47 billion, a price-to-earnings ratio of 6.52, a price-to-earnings-growth ratio of 0.83 and a beta of 1.50. The firm has a 50-day moving average of $13.25 and a 200-day moving average of $15.56.
The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 1st. Stockholders of record on Friday, March 6th will be issued a $0.155 dividend. This represents a $0.62 dividend on an annualized basis and a dividend yield of 6.29%. The ex-dividend date is Thursday, March 5th. Regions Financial’s payout ratio is 40.00%.
About Regions Financial
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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