Regions Financial Co. (NYSE:RF - Free Report) - Investment analysts at DA Davidson decreased their FY2025 earnings per share (EPS) estimates for shares of Regions Financial in a report issued on Wednesday, April 2nd. DA Davidson analyst P. Winter now expects that the bank will earn $2.23 per share for the year, down from their prior forecast 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.
Other analysts also recently issued reports about the stock. JPMorgan Chase & Co. decreased their target price on shares of Regions Financial from $26.00 to $23.00 and set a "neutral" rating for the company in a research report on Thursday, April 3rd. Wells Fargo & Company decreased their price objective on shares of Regions Financial from $28.00 to $26.00 and set an "equal weight" rating for the company in a report on Friday, March 28th. Truist Financial cut their target price on Regions Financial from $26.00 to $24.00 and set a "hold" rating on the stock in a report on Friday, March 21st. 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. Finally, Citigroup lowered their price objective on Regions Financial from $28.00 to $25.00 and set a "buy" rating on the stock in a report on Monday, March 24th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and eleven have given a buy rating to the company. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $26.42.
Read Our Latest Stock Analysis on RF
Regions Financial Stock Up 3.7 %
Shares of NYSE RF traded up $0.67 during trading hours on Friday, hitting $19.01. The stock had a trading volume of 7,881,159 shares, compared to its average volume of 7,989,252. The company has a market capitalization of $17.21 billion, a P/E ratio of 9.78, a P/E/G ratio of 1.93 and a beta of 1.01. The firm's 50-day moving average price is $22.50 and its two-hundred day moving average price is $23.78. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.83 and a current ratio of 0.84. Regions Financial has a 52 week low of $17.31 and a 52 week high of $27.96.
Regions Financial (NYSE:RF - Get Free Report) last released its earnings results on Friday, January 17th. The bank reported $0.56 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.55 by $0.01. Regions Financial had a net margin of 20.20% and a return on equity of 12.83%. The company had revenue of $1.82 billion during the quarter, compared to the consensus estimate of $1.86 billion. During the same quarter in the prior year, the firm earned $0.39 EPS. The company's revenue was up .2% compared to the same quarter last year.
Regions Financial Dividend Announcement
The company also recently announced a quarterly dividend, which was paid on Tuesday, April 1st. Investors of record on Monday, March 3rd were given 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 5.26%. Regions Financial's dividend payout ratio (DPR) is currently 51.55%.
Insider Buying and Selling at Regions Financial
In related news, Director Joia M. Johnson bought 2,300 shares of the company's stock in a transaction dated Tuesday, March 11th. The stock was acquired at an average cost of $21.18 per share, with a total value of $48,714.00. Following the acquisition, the director now owns 17,486 shares in the company, valued at approximately $370,353.48. This represents a 15.15 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Insiders have acquired 3,868 shares of company stock valued at $86,722 in the last 90 days. 0.29% of the stock is currently owned by company insiders.
Institutional Inflows and Outflows
Hedge funds have recently bought and sold shares of the stock. State Street Corp grew its holdings in shares of Regions Financial by 16.3% in the 3rd quarter. State Street Corp now owns 55,485,987 shares of the bank's stock worth $1,306,813,000 after purchasing an additional 7,791,399 shares during the last quarter. Charles Schwab Investment Management Inc. grew its stake in Regions Financial by 5.0% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 29,183,580 shares of the bank's stock worth $686,398,000 after buying an additional 1,396,647 shares during the last quarter. Geode Capital Management LLC increased its holdings in shares of Regions Financial by 1.8% during the fourth quarter. Geode Capital Management LLC now owns 23,028,497 shares of the bank's stock worth $540,284,000 after buying an additional 403,283 shares in the last quarter. First Trust Advisors LP raised its stake in shares of Regions Financial by 7.7% in the fourth quarter. First Trust Advisors LP now owns 17,053,457 shares of the bank's stock valued at $401,097,000 after acquiring an additional 1,224,645 shares during the last quarter. Finally, Invesco Ltd. raised its stake in shares of Regions Financial by 14.5% in the fourth quarter. Invesco Ltd. now owns 15,468,674 shares of the bank's stock valued at $363,823,000 after acquiring an additional 1,963,954 shares during the last quarter. 79.39% of the stock is currently owned by institutional investors and hedge funds.
About Regions Financial
(
Get Free Report)
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.
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