Regions Financial (NYSE:RF) Releases Quarterly Earnings Results

Regions Financial (NYSE:RF - Get Free Report) posted its quarterly earnings data on Thursday. The bank reported $0.54 EPS for the quarter, topping the consensus estimate of $0.51 by $0.03, RTT News reports. Regions Financial had a net margin of 20.20% and a return on equity of 12.83%. The business had revenue of $1.81 billion for the quarter, compared to analyst estimates of $1.84 billion. During the same quarter in the previous year, the firm posted $0.37 earnings per share.

Regions Financial Stock Performance

RF traded up $0.09 during midday trading on Friday, reaching $19.26. The company had a trading volume of 18,651,917 shares, compared to its average volume of 8,135,804. Regions Financial has a 1 year low of $17.72 and a 1 year high of $27.96. 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 cap of $17.44 billion, a P/E ratio of 9.93, a P/E/G ratio of 1.93 and a beta of 1.01. The business has a 50-day moving average of $21.59 and a two-hundred day moving average of $23.56.

Regions Financial Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, July 1st. Shareholders of record on Friday, May 2nd will be issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 5.19%. The ex-dividend date of this dividend is Monday, June 2nd. Regions Financial's dividend payout ratio is presently 48.08%.

Insider Activity at Regions Financial

In other Regions Financial news, Director Joia M. Johnson bought 2,300 shares of the business's stock in a transaction that occurred on Tuesday, March 11th. The stock was purchased at an average price of $21.18 per share, for a total transaction of $48,714.00. Following the completion of the transaction, the director now owns 17,486 shares of the company's stock, valued at $370,353.48. This trade represents a 15.15 % increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In the last ninety days, insiders purchased 3,343 shares of company stock worth $74,348. 0.29% of the stock is owned by company insiders.

Analyst Ratings Changes

A number of brokerages have recently commented on RF. Morgan Stanley dropped their price target on Regions Financial from $29.00 to $22.00 and set an "equal weight" rating on the stock in a research report on Monday, April 7th. Truist Financial lowered their price target on Regions Financial from $26.00 to $24.00 and set a "hold" rating for the company in a research report on Friday, March 21st. Barclays increased their price objective on shares of Regions Financial from $25.00 to $26.00 and gave the company an "underweight" rating in a research report on Monday, January 6th. JPMorgan Chase & Co. reduced their price objective on shares of Regions Financial from $26.00 to $23.00 and set a "neutral" rating for the company in a research note on Thursday, April 3rd. Finally, Wells Fargo & Company dropped their target price on shares of Regions Financial from $28.00 to $26.00 and set an "equal weight" rating on the stock in a research note on Friday, March 28th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and eleven have given a buy rating to the stock. According to data from MarketBeat.com, Regions Financial presently has a consensus rating of "Moderate Buy" and a consensus price target of $26.42.

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.