Research Analysts Issue Forecasts for Regions Financial Co.’s Q2 2024 Earnings (NYSE:RF)

Regions Financial Co. (NYSE:RF) – Equities researchers at DA Davidson issued their Q2 2024 EPS estimates for Regions Financial in a report issued on Monday, April 22nd. DA Davidson analyst P. Winter anticipates that the bank will post earnings per share of $0.48 for the quarter. The consensus estimate for Regions Financial’s current full-year earnings is $1.95 per share. DA Davidson also issued estimates for Regions Financial’s FY2025 earnings at $2.19 EPS.

RF has been the topic of a number of other research reports. StockNews.com downgraded shares of Regions Financial from a “hold” rating to a “sell” rating in a research note on Tuesday, February 6th. Truist Financial decreased their price objective on shares of Regions Financial from $22.00 to $20.00 and set a “hold” rating for the company in a report on Monday. Morgan Stanley decreased their price objective on shares of Regions Financial from $27.00 to $25.00 and set an “overweight” rating for the company in a report on Monday. Argus lowered shares of Regions Financial from a “buy” rating to a “hold” rating in a report on Tuesday, January 23rd. Finally, Keefe, Bruyette & Woods boosted their target price on shares of Regions Financial from $21.00 to $22.00 and gave the company a “market perform” rating in a research note on Friday, April 5th. Two equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $20.17.

Regions Financial Stock Up 2.1 %

Shares of RF opened at $19.75 on Tuesday. The firm has a market cap of $18.15 billion, a PE ratio of 10.73, a price-to-earnings-growth ratio of 1.40 and a beta of 1.21. The company’s fifty day moving average is $19.39 and its two-hundred day moving average is $18.06. Regions Financial has a fifty-two week low of $13.72 and a fifty-two week high of $21.08. The company has a quick ratio of 0.82, a current ratio of 0.83 and a debt-to-equity ratio of 0.22.

Regions Financial (NYSE:RF) last announced its earnings results on Friday, April 19th. The bank reported $0.37 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.45 by ($0.08). Regions Financial had a return on equity of 13.28% and a net margin of 19.75%. The firm had revenue of $1.75 billion for the quarter, compared to analyst estimates of $1.75 billion. During the same quarter last year, the business posted $0.62 EPS. The firm’s revenue was down 10.5% compared to the same quarter last year.

Institutional Trading of Regions Financial

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Moisand Fitzgerald Tamayo LLC acquired a new stake in shares of Regions Financial during the third quarter valued at approximately $26,000. Laurel Wealth Advisors LLC raised its holdings in shares of Regions Financial by 86.5% during the fourth quarter. Laurel Wealth Advisors LLC now owns 1,399 shares of the bank’s stock valued at $27,000 after acquiring an additional 649 shares during the period. ICA Group Wealth Management LLC acquired a new stake in shares of Regions Financial during the fourth quarter valued at approximately $28,000. Sound Income Strategies LLC raised its holdings in shares of Regions Financial by 103.2% during the fourth quarter. Sound Income Strategies LLC now owns 1,477 shares of the bank’s stock valued at $29,000 after acquiring an additional 750 shares during the period. Finally, Glassman Wealth Services raised its holdings in shares of Regions Financial by 163.3% during the fourth quarter. Glassman Wealth Services now owns 1,559 shares of the bank’s stock valued at $30,000 after acquiring an additional 967 shares during the period. 79.39% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other Regions Financial news, Director William C. Rhodes III bought 50,000 shares of the company’s stock in a transaction that occurred on Tuesday, April 23rd. The shares were acquired at an average cost of $19.37 per share, for a total transaction of $968,500.00. Following the acquisition, the director now directly owns 50,000 shares of the company’s stock, valued at $968,500. The purchase was disclosed in a document filed with the SEC, which is available at the SEC website. 0.33% of the stock is owned by insiders.

Regions Financial Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, July 1st. Shareholders of record on Monday, June 3rd will be given a dividend of $0.24 per share. The ex-dividend date of this dividend is Friday, May 31st. This represents a $0.96 dividend on an annualized basis and a dividend yield of 4.86%. Regions Financial’s dividend payout ratio (DPR) is 52.17%.

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.