Regions Financial (NYSE:RF) issued its earnings results on Friday, January 18th. The bank reported $0.37 earnings per share for the quarter, missing the consensus estimate of $0.38 by ($0.01), MarketWatch Earnings reports. The business had revenue of $1.44 billion for the quarter, compared to analyst estimates of $1.49 billion. Regions Financial had a net margin of 27.23% and a return on equity of 10.84%. Regions Financial’s revenue was up 1.6% on a year-over-year basis. During the same quarter last year, the firm posted $0.36 earnings per share.
NYSE:RF traded down $0.07 during trading hours on Friday, hitting $15.44. The stock had a trading volume of 12,905,879 shares, compared to its average volume of 12,723,523. Regions Financial has a one year low of $12.39 and a one year high of $20.21. The company has a debt-to-equity ratio of 0.87, a quick ratio of 0.90 and a current ratio of 0.90. The company has a market capitalization of $15.96 billion, a PE ratio of 11.35, a PEG ratio of 0.83 and a beta of 1.48.
The company also recently announced a quarterly dividend, which will be paid on Monday, April 1st. Shareholders of record on Friday, March 8th will be paid a $0.14 dividend. This represents a $0.56 annualized dividend and a yield of 3.63%. The ex-dividend date of this dividend is Thursday, March 7th. Regions Financial’s payout ratio is presently 41.18%.
A number of equities analysts have recently issued reports on the stock. Barclays reduced their target price on shares of Regions Financial from $20.00 to $17.00 and set an “underweight” rating on the stock in a research report on Wednesday, January 2nd. JPMorgan Chase & Co. upgraded shares of Regions Financial from a “neutral” rating to an “overweight” rating in a research report on Monday, November 26th. Argus started coverage on shares of Regions Financial in a research report on Wednesday, November 28th. They set a “buy” rating and a $19.00 target price on the stock. UBS Group raised shares of Regions Financial from a “neutral” rating to a “buy” rating in a research note on Tuesday, January 8th. Finally, Raymond James raised shares of Regions Financial from an “outperform” rating to a “strong-buy” rating in a research note on Wednesday, October 31st. They noted that the move was a valuation call. Three research analysts have rated the stock with a sell rating, four have issued a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of $17.46.
A number of large investors have recently modified their holdings of RF. Renaissance Technologies LLC bought a new stake in Regions Financial in the second quarter valued at approximately $8,751,000. Tower Research Capital LLC TRC acquired a new position in shares of Regions Financial in the second quarter valued at approximately $715,000. Verition Fund Management LLC boosted its holdings in shares of Regions Financial by 165.8% in the second quarter. Verition Fund Management LLC now owns 97,418 shares of the bank’s stock valued at $1,732,000 after buying an additional 60,764 shares during the period. Global X Management Co LLC boosted its holdings in shares of Regions Financial by 12.8% in the second quarter. Global X Management Co LLC now owns 55,198 shares of the bank’s stock valued at $981,000 after buying an additional 6,251 shares during the period. Finally, Andra AP fonden boosted its holdings in shares of Regions Financial by 16.7% in the second quarter. Andra AP fonden now owns 345,900 shares of the bank’s stock valued at $6,150,000 after buying an additional 49,600 shares during the period. 76.19% of the stock is owned by hedge funds and other institutional investors.
Regions Financial Company Profile
Regions Financial Corporation, together with its subsidiaries, provides banking and bank-related services to individual and corporate customers in the United States. Its Corporate Bank segment offers commercial banking services, such as commercial and industrial, commercial real estate, and investor real estate lending, as well as equipment lease financing services and corresponding deposits.
Featured Story: How Do Tariffs Affect Trade Balances?