Regions Financial (RF) Releases Quarterly Earnings Results, Beats Expectations By $0.01 EPS
Regions Financial (NYSE:RF) issued its quarterly earnings data on Friday. The bank reported $0.27 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.26 by $0.01, RTT News reports. The business had revenue of $1.48 billion for the quarter, compared to analysts’ expectations of $1.45 billion. Regions Financial had a return on equity of 7.56% and a net margin of 20.14%. The company’s revenue for the quarter was up 5.9% on a year-over-year basis. During the same period in the prior year, the firm earned $0.23 EPS.
Shares of Regions Financial (RF) opened at $18.67 on Friday. Regions Financial has a twelve month low of $13.00 and a twelve month high of $18.70. The firm has a market capitalization of $21,656.66, a price-to-earnings ratio of 18.67, a P/E/G ratio of 1.08 and a beta of 1.30. The company has a current ratio of 0.85, a quick ratio of 0.84 and a debt-to-equity ratio of 0.39.
In other Regions Financial news, Director John E. D. D. S. Maupin, Jr. sold 15,000 shares of the company’s stock in a transaction on Tuesday, December 5th. The stock was sold at an average price of $17.04, for a total value of $255,600.00. Following the transaction, the director now owns 59,436 shares of the company’s stock, valued at approximately $1,012,789.44. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Scott M. Peters sold 25,000 shares of the company’s stock in a transaction on Thursday, October 26th. The shares were sold at an average price of $15.84, for a total value of $396,000.00. Following the completion of the transaction, the executive vice president now directly owns 121,459 shares in the company, valued at approximately $1,923,910.56. The disclosure for this sale can be found here. Insiders have sold a total of 80,000 shares of company stock worth $1,278,400 in the last 90 days. 0.52% of the stock is currently owned by insiders.
Several brokerages have recently issued reports on RF. ValuEngine cut Regions Financial from a “buy” rating to a “hold” rating in a report on Tuesday, January 16th. Piper Jaffray Companies reaffirmed a “hold” rating and set a $18.00 price objective on shares of Regions Financial in a report on Friday. Keefe, Bruyette & Woods reaffirmed a “hold” rating and set a $15.00 price objective on shares of Regions Financial in a report on Tuesday, October 3rd. Robert W. Baird reaffirmed a “sell” rating and set a $17.00 price objective on shares of Regions Financial in a report on Wednesday, January 3rd. Finally, UBS Group raised Regions Financial from a “sell” rating to a “neutral” rating and upped their price objective for the stock from $15.00 to $18.00 in a report on Tuesday, December 12th. Three equities research analysts have rated the stock with a sell rating, seventeen have given a hold rating, three have issued a buy rating and two have issued a strong buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus target price of $16.70.
Regions Financial Company Profile
Regions Financial Corporation is a financial holding company. The Company conducts its banking operations through Regions Bank, an Alabama state-chartered commercial bank, which is a member of the Federal Reserve System. It operates in three segments: Corporate Bank, which represents its commercial banking functions, including commercial and industrial, commercial real estate and investor real estate lending; Consumer Bank, which represents its branch network, including consumer banking products and services related to residential first mortgages, home equity lines and loans, small business loans, indirect loans, consumer credit cards and other consumer loans, as well as the corresponding deposit relationships, and Wealth Management, which offers individuals, businesses, governmental institutions and non-profit entities a range of solutions to enable transfer of wealth.
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