Regions Financial (NYSE:RF) announced its quarterly earnings data on Friday. The bank reported $0.35 EPS for the quarter, beating the Zacks’ consensus estimate of $0.31 by $0.04, Bloomberg Earnings reports. Regions Financial had a net margin of 20.48% and a return on equity of 7.87%. During the same period in the prior year, the company earned $0.23 earnings per share.
Shares of RF opened at $18.89 on Friday. The company has a debt-to-equity ratio of 0.53, a current ratio of 0.86 and a quick ratio of 0.86. Regions Financial has a 1-year low of $13.02 and a 1-year high of $20.21. The company has a market cap of $20,374.55, a PE ratio of 18.15, a price-to-earnings-growth ratio of 1.02 and a beta of 1.26.
The firm also recently disclosed a quarterly dividend, which was paid on Monday, April 2nd. Stockholders of record on Friday, March 9th were paid a dividend of $0.09 per share. The ex-dividend date of this dividend was Thursday, March 8th. This represents a $0.36 dividend on an annualized basis and a dividend yield of 1.91%. Regions Financial’s dividend payout ratio (DPR) is 36.00%.
In other news, EVP Scott M. Peters sold 25,627 shares of the firm’s stock in a transaction that occurred on Wednesday, January 24th. The shares were sold at an average price of $19.50, for a total transaction of $499,726.50. Following the completion of the transaction, the executive vice president now directly owns 240,796 shares of the company’s stock, valued at approximately $4,695,522. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Ronald G. Smith sold 92,301 shares of the firm’s stock in a transaction that occurred on Friday, February 23rd. The stock was sold at an average price of $19.32, for a total transaction of $1,783,255.32. The disclosure for this sale can be found here. Company insiders own 0.84% of the company’s stock.
Several institutional investors and hedge funds have recently modified their holdings of RF. IFG Advisory LLC purchased a new stake in Regions Financial in the 4th quarter worth approximately $306,000. Welch Investments LLC purchased a new stake in Regions Financial in the 4th quarter worth approximately $120,000. Avestar Capital LLC purchased a new stake in Regions Financial in the 4th quarter worth approximately $135,000. Captrust Financial Advisors purchased a new stake in Regions Financial in the 4th quarter worth approximately $166,000. Finally, Steward Partners Investment Advisory LLC purchased a new stake in Regions Financial in the 3rd quarter worth approximately $150,000. 76.28% of the stock is owned by institutional investors and hedge funds.
RF has been the subject of a number of recent analyst reports. Barclays raised their price objective on shares of Regions Financial from $15.00 to $19.00 and gave the company an “underweight” rating in a research report on Tuesday, January 2nd. Robert W. Baird restated a “sell” rating and issued a $17.00 price objective on shares of Regions Financial in a research report on Wednesday, January 3rd. Royal Bank of Canada reaffirmed a “hold” rating and issued a $18.00 target price on shares of Regions Financial in a report on Sunday, January 21st. ValuEngine raised shares of Regions Financial from a “hold” rating to a “buy” rating in a report on Thursday, March 1st. Finally, Piper Jaffray reaffirmed a “hold” rating and issued a $18.00 target price on shares of Regions Financial in a report on Friday, January 19th. Three analysts have rated the stock with a sell rating, sixteen have issued a hold rating, four have given a buy rating and two have given a strong buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average target price of $17.37.
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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.
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