Regions Financial (NYSE:RF) Issues Earnings Results

Regions Financial (NYSE:RF) posted its earnings results on Friday. The bank reported $0.37 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.45 by ($0.08), RTT News reports. The business had revenue of $1.75 billion during the quarter, compared to analyst estimates of $1.75 billion. Regions Financial had a net margin of 22.66% and a return on equity of 14.50%. Regions Financial’s revenue was down 10.5% compared to the same quarter last year. During the same quarter last year, the firm earned $0.62 earnings per share.

Regions Financial Trading Down 0.5 %

Shares of Regions Financial stock opened at $18.90 on Friday. The company’s fifty day moving average price is $19.32 and its two-hundred day moving average price is $18.00. The company has a debt-to-equity ratio of 0.15, a current ratio of 0.82 and a quick ratio of 0.82. Regions Financial has a 52-week low of $13.72 and a 52-week high of $21.08. The firm has a market capitalization of $17.37 billion, a PE ratio of 10.27, a price-to-earnings-growth ratio of 1.36 and a beta of 1.21.

Regions Financial Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, July 1st. Shareholders of record on Monday, June 3rd will be issued a $0.24 dividend. This represents a $0.96 annualized dividend and a yield of 5.08%. The ex-dividend date of this dividend is Friday, May 31st. Regions Financial’s dividend payout ratio (DPR) is presently 52.17%.

Analysts Set New Price Targets

A number of analysts have issued reports on RF shares. Argus cut shares of Regions Financial from a “buy” rating to a “hold” rating in a research note on Tuesday, January 23rd. StockNews.com cut shares of Regions Financial from a “hold” rating to a “sell” rating in a research note on Tuesday, February 6th. Citigroup upgraded shares of Regions Financial from a “neutral” rating to a “buy” rating and boosted their price objective for the stock from $20.00 to $23.00 in a research note on Monday, March 18th. Truist Financial boosted their price objective on shares of Regions Financial from $20.00 to $22.00 and gave the stock a “hold” rating in a research note on Monday, April 1st. Finally, Morgan Stanley boosted their price objective on shares of Regions Financial from $21.00 to $27.00 and gave the stock an “overweight” rating in a research note on Tuesday, January 30th. Two research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and six have assigned a buy rating to the company. According to MarketBeat, Regions Financial has a consensus rating of “Hold” and a consensus target price of $20.39.

Institutional Investors Weigh In On Regions Financial

Large investors have recently made changes to their positions in the company. Advisory Services Network LLC grew its holdings in shares of Regions Financial by 8.0% in the 1st quarter. Advisory Services Network LLC now owns 10,244 shares of the bank’s stock worth $190,000 after purchasing an additional 755 shares during the last quarter. Industrial Alliance Investment Management Inc. bought a new stake in shares of Regions Financial in the 3rd quarter worth about $184,000. Lido Advisors LLC bought a new stake in shares of Regions Financial in the 3rd quarter worth about $175,000. MBM Wealth Consultants LLC grew its holdings in Regions Financial by 44.7% during the 4th quarter. MBM Wealth Consultants LLC now owns 6,474 shares of the bank’s stock worth $139,000 after acquiring an additional 1,999 shares during the last quarter. Finally, Money Concepts Capital Corp grew its holdings in Regions Financial by 3,254.6% during the 4th quarter. Money Concepts Capital Corp now owns 4,730 shares of the bank’s stock worth $102,000 after acquiring an additional 4,589 shares during the last quarter. Institutional investors 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.