Equities analysts expect that Regions Financial Corp (NYSE:RF) will post sales of $1.49 billion for the current quarter, according to Zacks. Seven analysts have issued estimates for Regions Financial’s earnings. The highest sales estimate is $1.51 billion and the lowest is $1.47 billion. Regions Financial posted sales of $1.50 billion in the same quarter last year, which would indicate a negative year over year growth rate of 0.7%. The firm is expected to report its next earnings report before the market opens on Tuesday, October 20th.
According to Zacks, analysts expect that Regions Financial will report full year sales of $5.94 billion for the current year, with estimates ranging from $5.88 billion to $5.99 billion. For the next fiscal year, analysts anticipate that the firm will post sales of $5.93 billion, with estimates ranging from $5.73 billion to $6.07 billion. Zacks’ sales averages are an average based on a survey of analysts that cover Regions Financial.
Regions Financial (NYSE:RF) last announced its quarterly earnings results on Friday, July 17th. The bank reported ($0.25) earnings per share for the quarter, missing the consensus estimate of $0.07 by ($0.32). The company had revenue of $1.55 billion for the quarter, compared to analyst estimates of $1.45 billion. Regions Financial had a return on equity of 5.10% and a net margin of 11.32%. During the same period in the prior year, the business posted $0.37 earnings per share.
RF traded down $0.14 during midday trading on Tuesday, hitting $11.37. 7,783,876 shares of the company were exchanged, compared to its average volume of 11,541,934. Regions Financial has a 1-year low of $6.94 and a 1-year high of $17.54. The company has a current ratio of 0.88, a quick ratio of 0.87 and a debt-to-equity ratio of 0.40. The firm has a market capitalization of $10.92 billion, a price-to-earnings ratio of 17.23, a price-to-earnings-growth ratio of 3.70 and a beta of 1.64. The company’s 50 day simple moving average is $11.54 and its 200 day simple moving average is $10.71.
The company also recently announced a quarterly dividend, which will be paid on Thursday, October 1st. Investors of record on Friday, September 4th will be paid a dividend of $0.155 per share. The ex-dividend date is Thursday, September 3rd. This represents a $0.62 dividend on an annualized basis and a dividend yield of 5.45%. Regions Financial’s payout ratio is currently 40.00%.
Large investors have recently made changes to their positions in the company. Kore Private Wealth LLC lifted its stake in shares of Regions Financial by 442.8% during the second quarter. Kore Private Wealth LLC now owns 3,235 shares of the bank’s stock valued at $35,000 after buying an additional 2,639 shares during the period. HHM Wealth Advisors LLC purchased a new position in shares of Regions Financial during the first quarter valued at approximately $47,000. CSat Investment Advisory L.P. lifted its stake in shares of Regions Financial by 36.0% during the second quarter. CSat Investment Advisory L.P. now owns 5,059 shares of the bank’s stock valued at $56,000 after buying an additional 1,338 shares during the period. Ellevest Inc. lifted its stake in shares of Regions Financial by 332.0% during the second quarter. Ellevest Inc. now owns 5,586 shares of the bank’s stock valued at $62,000 after buying an additional 4,293 shares during the period. Finally, Rockefeller Capital Management L.P. lifted its stake in shares of Regions Financial by 65.5% during the second quarter. Rockefeller Capital Management L.P. now owns 5,787 shares of the bank’s stock valued at $64,000 after buying an additional 2,291 shares during the period. 73.35% of the stock is owned by institutional investors and hedge funds.
Regions Financial Company Profile
Regions Financial Corporation, a financial holding company, provides banking and bank-related services to individual and corporate customers in the United States. 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 services; corresponding 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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