Equities analysts expect Regions Financial Corp (NYSE:RF) to announce $1.46 billion in sales for the current quarter, Zacks Investment Research reports. Twenty Five analysts have made estimates for Regions Financial’s earnings, with the lowest sales estimate coming in at $1.44 billion and the highest estimate coming in at $1.49 billion. Regions Financial posted sales of $1.41 billion during the same quarter last year, which would suggest a positive year-over-year growth rate of 3.5%. The business is expected to issue its next earnings report on Tuesday, October 23rd.

On average, analysts expect that Regions Financial will report full year sales of $5.80 billion for the current financial year, with estimates ranging from $5.75 billion to $5.88 billion. For the next fiscal year, analysts forecast that the company will post sales of $6.01 billion, with estimates ranging from $5.92 billion to $6.16 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of research firms that that provide coverage for Regions Financial.

Regions Financial (NYSE:RF) last announced its quarterly earnings data on Friday, July 20th. The bank reported $0.34 EPS for the quarter, topping the Zacks’ consensus estimate of $0.33 by $0.01. The firm had revenue of $1.44 billion during the quarter, compared to analyst estimates of $1.45 billion. Regions Financial had a return on equity of 9.46% and a net margin of 22.77%. The company’s revenue was up 4.8% on a year-over-year basis. During the same period last year, the company earned $0.25 earnings per share.

Several equities analysts have recently issued reports on RF shares. ValuEngine lowered Regions Financial from a “buy” rating to a “hold” rating in a research report on Friday, June 15th. Royal Bank of Canada upgraded Regions Financial from a “sector perform” rating to an “outperform” rating and set a $11.00 target price for the company in a research report on Monday, June 18th. Robert W. Baird upgraded Regions Financial from an “underperform” rating to a “neutral” rating in a research report on Thursday, June 28th. Finally, Wedbush set a $22.00 target price on Regions Financial and gave the stock a “buy” rating in a research report on Friday, September 7th. One equities research analyst has rated the stock with a sell rating, eleven have issued a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company. The company has a consensus rating of “Hold” and a consensus target price of $17.57.

Regions Financial stock opened at $19.25 on Wednesday. The stock has a market cap of $21.43 billion, a PE ratio of 19.38, a P/E/G ratio of 1.10 and a beta of 1.26. Regions Financial has a 1 year low of $14.47 and a 1 year high of $20.21. The company has a debt-to-equity ratio of 0.66, a current ratio of 0.88 and a quick ratio of 0.87.

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, October 1st. Investors of record on Friday, September 7th will be given a $0.14 dividend. The ex-dividend date is Thursday, September 6th. This is a positive change from Regions Financial’s previous quarterly dividend of $0.09. This represents a $0.56 annualized dividend and a dividend yield of 2.91%. Regions Financial’s payout ratio is currently 56.00%.

In other news, EVP C. Keith Herron sold 23,186 shares of the company’s stock in a transaction that occurred on Tuesday, July 31st. The stock was sold at an average price of $18.76, for a total transaction of $434,969.36. Following the sale, the executive vice president now owns 204,537 shares in the company, valued at approximately $3,837,114.12. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Susan W. Matlock sold 24,000 shares of the business’s stock in a transaction that occurred on Friday, July 27th. The stock was sold at an average price of $18.50, for a total value of $444,000.00. Following the transaction, the director now directly owns 14,914 shares in the company, valued at $275,909. The disclosure for this sale can be found here. 0.84% of the stock is currently owned by insiders.

Hedge funds have recently bought and sold shares of the stock. Toronto Dominion Bank increased its holdings in shares of Regions Financial by 21.1% during the 1st quarter. Toronto Dominion Bank now owns 607,681 shares of the bank’s stock worth $11,288,000 after acquiring an additional 105,946 shares during the last quarter. Victory Capital Management Inc. increased its holdings in shares of Regions Financial by 422.5% during the 2nd quarter. Victory Capital Management Inc. now owns 856,548 shares of the bank’s stock worth $15,229,000 after acquiring an additional 692,611 shares during the last quarter. Soros Fund Management LLC increased its holdings in shares of Regions Financial by 31.3% during the 2nd quarter. Soros Fund Management LLC now owns 651,839 shares of the bank’s stock worth $11,590,000 after acquiring an additional 155,218 shares during the last quarter. Assenagon Asset Management S.A. increased its holdings in shares of Regions Financial by 195.5% during the 2nd quarter. Assenagon Asset Management S.A. now owns 883,161 shares of the bank’s stock worth $15,703,000 after acquiring an additional 584,241 shares during the last quarter. Finally, GSA Capital Partners LLP acquired a new position in shares of Regions Financial during the 2nd quarter worth approximately $612,000. 74.75% of the stock is currently owned by institutional investors and hedge funds.

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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Earnings History and Estimates for Regions Financial (NYSE:RF)

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