DA Davidson Reduces Earnings Estimates for Regions Financial

Regions Financial Co. (NYSE:RF) – Equities researchers at DA Davidson cut their FY2025 earnings per share estimates for Regions Financial in a research note issued to investors on Wednesday, April 2nd. DA Davidson analyst P. Winter now anticipates that the bank will post earnings per share of $2.23 for the year, down from their previous estimate of $2.30. The consensus estimate for Regions Financial’s current full-year earnings is $2.26 per share. DA Davidson also issued estimates for Regions Financial’s FY2025 earnings at $2.23 EPS.

Several other research analysts have also commented on RF. Compass Point boosted their price target on Regions Financial from $25.00 to $31.00 and gave the stock a “buy” rating in a research report on Tuesday, December 10th. Barclays boosted their target price on shares of Regions Financial from $25.00 to $26.00 and gave the stock an “underweight” rating in a report on Monday, January 6th. Wells Fargo & Company lowered their price target on shares of Regions Financial from $28.00 to $26.00 and set an “equal weight” rating on the stock in a report on Friday, March 28th. Citigroup reduced their price objective on shares of Regions Financial from $28.00 to $25.00 and set a “buy” rating for the company in a research note on Monday, March 24th. Finally, Truist Financial decreased their target price on shares of Regions Financial from $26.00 to $24.00 and set a “hold” rating for the company in a research report on Friday, March 21st. One analyst has rated the stock with a sell rating, eight have given a hold rating and eleven have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $26.95.

Regions Financial Stock Performance

Shares of NYSE:RF opened at $18.64 on Friday. The company has a quick ratio of 0.83, a current ratio of 0.84 and a debt-to-equity ratio of 0.37. The company has a market capitalization of $16.88 billion, a price-to-earnings ratio of 9.61, a price-to-earnings-growth ratio of 1.93 and a beta of 1.01. The firm has a 50 day moving average of $22.88 and a 200 day moving average of $23.88. Regions Financial has a 52 week low of $17.72 and a 52 week high of $27.96.

Regions Financial (NYSE:RF) last posted its quarterly earnings results on Friday, January 17th. The bank reported $0.56 EPS for the quarter, beating the consensus estimate of $0.55 by $0.01. Regions Financial had a net margin of 20.20% and a return on equity of 12.83%. The business had revenue of $1.82 billion during the quarter, compared to analyst estimates of $1.86 billion. During the same quarter in the previous year, the business posted $0.39 EPS. The company’s quarterly revenue was up .2% compared to the same quarter last year.

Regions Financial Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, April 1st. Investors of record on Monday, March 3rd were issued a $0.25 dividend. The ex-dividend date of this dividend was Monday, March 3rd. This represents a $1.00 annualized dividend and a yield of 5.36%. Regions Financial’s dividend payout ratio (DPR) is presently 51.55%.

Insiders Place Their Bets

In other Regions Financial news, Director Joia M. Johnson acquired 2,300 shares of the business’s stock in a transaction dated Tuesday, March 11th. The shares were purchased at an average price of $21.18 per share, for a total transaction of $48,714.00. Following the completion of the purchase, the director now directly owns 17,486 shares of the company’s stock, valued at $370,353.48. The trade was a 15.15 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In the last ninety days, insiders acquired 3,868 shares of company stock valued at $86,722. 0.29% of the stock is owned by insiders.

Institutional Investors Weigh In On Regions Financial

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Y.D. More Investments Ltd lifted its holdings in shares of Regions Financial by 122.9% in the 4th quarter. Y.D. More Investments Ltd now owns 1,150 shares of the bank’s stock valued at $27,000 after buying an additional 634 shares during the period. Sierra Ocean LLC purchased a new position in Regions Financial during the fourth quarter valued at approximately $28,000. Picton Mahoney Asset Management lifted its holdings in Regions Financial by 2,354.9% in the fourth quarter. Picton Mahoney Asset Management now owns 1,252 shares of the bank’s stock valued at $29,000 after acquiring an additional 1,201 shares during the period. Millstone Evans Group LLC purchased a new stake in Regions Financial in the 4th quarter worth approximately $32,000. Finally, Legacy Investment Solutions LLC acquired a new stake in shares of Regions Financial during the 3rd quarter worth approximately $37,000. 79.39% of the stock is owned by institutional investors and hedge funds.

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.