Regions Financial (RF) Set to Announce Earnings on Friday

Regions Financial (NYSE:RF) is scheduled to be issuing its quarterly earnings data before the market opens on Friday, April 19th. Analysts expect the company to announce earnings of $0.46 per share for the quarter. Persons interested in listening to the company’s earnings conference call can do so using this link.

Regions Financial (NYSE:RF) last issued its earnings results on Friday, January 19th. The bank reported $0.39 earnings per share for the quarter, missing the consensus estimate of $0.48 by ($0.09). Regions Financial had a return on equity of 14.50% and a net margin of 22.66%. The business had revenue of $1.81 billion for the quarter, compared to analyst estimates of $1.80 billion. During the same period last year, the business posted $0.67 EPS. Regions Financial’s revenue was down 9.5% 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

Shares of NYSE RF opened at $18.80 on Wednesday. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.82 and a current ratio of 0.82. Regions Financial has a fifty-two week low of $13.72 and a fifty-two week high of $21.08. The firm has a market capitalization of $17.27 billion, a PE ratio of 9.00, a price-to-earnings-growth ratio of 1.38 and a beta of 1.21. The stock’s 50-day simple moving average is $19.25 and its 200-day simple moving average is $17.96.

Regions Financial Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, April 1st. Stockholders of record on Friday, March 1st were given a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a dividend yield of 5.11%. The ex-dividend date of this dividend was Thursday, February 29th. Regions Financial’s dividend payout ratio (DPR) is presently 45.93%.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on RF. Morgan Stanley raised their target price on Regions Financial from $21.00 to $27.00 and gave the stock an “overweight” rating in a research report on Tuesday, January 30th. StockNews.com downgraded Regions Financial from a “hold” rating to a “sell” rating in a research note on Tuesday, February 6th. Truist Financial raised their price target on Regions Financial from $20.00 to $22.00 and gave the stock a “hold” rating in a research note on Monday, April 1st. Evercore ISI raised their price target on Regions Financial from $20.00 to $22.00 and gave the stock an “in-line” rating in a research note on Thursday, March 28th. Finally, Citigroup upgraded Regions Financial from a “neutral” rating to a “buy” rating and raised their price target for the stock from $20.00 to $23.00 in a research note on Monday, March 18th. Two 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 MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $20.39.

Institutional Trading of Regions Financial

Several institutional investors and hedge funds have recently bought and sold shares of RF. Dark Forest Capital Management LP bought a new position in Regions Financial in the 1st quarter worth approximately $26,000. Clear Street Markets LLC bought a new position in Regions Financial during the 4th quarter valued at $33,000. Harbour Investments Inc. boosted its stake in Regions Financial by 715.1% during the 4th quarter. Harbour Investments Inc. now owns 1,891 shares of the bank’s stock valued at $41,000 after purchasing an additional 1,659 shares in the last quarter. Coppell Advisory Solutions Corp. bought a new position in Regions Financial during the 4th quarter valued at $49,000. Finally, ICA Group Wealth Management LLC bought a new position in Regions Financial during the 4th quarter valued at $53,000. Institutional investors and hedge funds own 79.39% of the company’s stock.

Regions Financial Company Profile

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.