Regions Financial (RF) Set to Announce Earnings on Friday

Regions Financial (NYSE:RF) is scheduled to release its earnings data before the market opens on Friday, October 18th. Analysts expect Regions Financial to post earnings of $0.51 per share for the quarter. Persons that are interested in participating in the company’s earnings conference call can do so using this link.

Regions Financial (NYSE:RF) last issued its quarterly earnings data on Friday, July 19th. The bank reported $0.52 EPS for the quarter, topping the consensus estimate of $0.49 by $0.03. Regions Financial had a return on equity of 12.64% and a net margin of 18.91%. The company had revenue of $1.73 billion during the quarter, compared to analyst estimates of $1.76 billion. During the same quarter in the previous year, the company posted $0.59 earnings per share. Regions Financial’s revenue was down 11.5% compared to the same quarter last year. On average, analysts expect Regions Financial to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Regions Financial Price Performance

Shares of Regions Financial stock opened at $23.04 on Friday. Regions Financial has a one year low of $13.72 and a one year high of $23.47. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.83 and a current ratio of 0.83. The stock has a market cap of $21.10 billion, a P/E ratio of 12.52, a P/E/G ratio of 2.95 and a beta of 1.17. The stock’s fifty day moving average is $22.26 and its 200 day moving average is $20.74.

Regions Financial Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, October 1st. Investors of record on Tuesday, September 3rd were paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 4.34%. The ex-dividend date was Tuesday, September 3rd. This is an increase from Regions Financial’s previous quarterly dividend of $0.24. Regions Financial’s dividend payout ratio (DPR) is 54.35%.

Analyst Ratings Changes

Several analysts have commented on RF shares. The Goldman Sachs Group boosted their price target on shares of Regions Financial from $25.00 to $28.00 and gave the stock a “buy” rating in a research note on Monday. Royal Bank of Canada boosted their price objective on shares of Regions Financial from $21.00 to $23.00 and gave the company an “outperform” rating in a research report on Monday, July 22nd. Bank of America increased their price target on Regions Financial from $22.00 to $25.00 and gave the stock a “neutral” rating in a report on Monday, July 22nd. StockNews.com upgraded shares of Regions Financial from a “sell” rating to a “hold” rating in a report on Thursday, September 12th. Finally, Keefe, Bruyette & Woods dropped their price target on Regions Financial from $22.00 to $21.00 and set a “market perform” rating on the stock in a research report on Tuesday, July 9th. One investment analyst has rated the stock with a sell rating, twelve have assigned a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $22.86.

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.