Regions Financial (NYSE:RF – Get Free Report) is scheduled to release its earnings data before the market opens on Friday, July 21st. Analysts expect Regions Financial to post earnings of $0.61 per share for the quarter. Persons that wish to listen to the company’s earnings conference call can do so using this link.
Regions Financial (NYSE:RF – Get Free Report) last posted its earnings results on Friday, April 21st. The bank reported $0.62 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.65 by ($0.03). Regions Financial had a net margin of 28.61% and a return on equity of 16.60%. The company had revenue of $1.95 billion during the quarter, compared to analysts’ expectations of $1.96 billion. During the same quarter last year, the firm earned $0.55 EPS. Regions Financial’s revenue for the quarter was up 22.0% on a year-over-year basis. On average, analysts expect Regions Financial to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.
Regions Financial Price Performance
RF opened at $19.24 on Friday. The business’s 50-day moving average is $17.60 and its two-hundred day moving average is $19.72. Regions Financial has a 1 year low of $13.94 and a 1 year high of $24.33. The company has a debt-to-equity ratio of 0.15, a current ratio of 0.82 and a quick ratio of 0.81. The firm has a market capitalization of $18.05 billion, a PE ratio of 8.22, a price-to-earnings-growth ratio of 0.79 and a beta of 1.17.
Regions Financial Announces Dividend
Wall Street Analyst Weigh In
A number of equities research analysts recently commented on RF shares. JPMorgan Chase & Co. dropped their target price on Regions Financial from $26.00 to $23.00 in a research report on Monday, April 10th. Citigroup dropped their target price on Regions Financial from $25.00 to $20.00 in a research report on Friday, April 21st. Morgan Stanley dropped their target price on Regions Financial from $30.00 to $25.00 and set an “overweight” rating on the stock in a research report on Wednesday, April 5th. Barclays dropped their target price on Regions Financial from $29.00 to $23.00 in a research report on Wednesday, April 12th. Finally, Piper Sandler decreased their price target on Regions Financial from $27.50 to $25.00 in a report on Monday, April 24th. One analyst has rated the stock with a sell rating, seven have issued a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $23.29.
Insider Buying and Selling at Regions Financial
In other Regions Financial news, Director J Thomas Hill bought 11,926 shares of the business’s stock in a transaction dated Wednesday, May 17th. The shares were acquired at an average price of $16.78 per share, with a total value of $200,118.28. Following the transaction, the director now owns 23,107 shares of the company’s stock, valued at $387,735.46. The acquisition was disclosed in a filing with the SEC, which is accessible through this link. 0.32% of the stock is owned by corporate insiders.
Institutional Inflows and Outflows
Several hedge funds and other institutional investors have recently modified their holdings of RF. Bayesian Capital Management LP purchased a new stake in shares of Regions Financial in the first quarter valued at approximately $200,000. DoubleLine ETF Adviser LP purchased a new stake in shares of Regions Financial in the first quarter valued at approximately $196,000. Advisory Services Network LLC boosted its stake 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 buying an additional 755 shares in the last quarter. Industrial Alliance Investment Management Inc. acquired a new position in Regions Financial during the third quarter worth $184,000. Finally, MBM Wealth Consultants LLC raised its holdings in Regions Financial by 44.7% during the fourth 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 last quarter. 73.71% of the stock is currently owned by hedge funds and other institutional investors.
About Regions Financial
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.
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