Q4 EPS Estimate for Regions Financial Decreased by Analyst

Regions Financial Co. (NYSE:RF) – Analysts at DA Davidson lowered their Q4 2024 earnings per share (EPS) estimates for shares of Regions Financial in a research report issued to clients and investors on Thursday, December 19th. DA Davidson analyst P. Winter now expects that the bank will post earnings per share of $0.55 for the quarter, down from their previous forecast of $0.56. DA Davidson currently has a “Buy” rating and a $29.00 price target on the stock. The consensus estimate for Regions Financial’s current full-year earnings is $2.12 per share.

Several other brokerages have also recently commented on RF. Truist Financial upped their target price on Regions Financial from $25.00 to $26.00 and gave the company a “hold” rating in a report on Monday, October 21st. Morgan Stanley restated an “equal weight” rating and issued a $32.00 target price (up previously from $28.00) on shares of Regions Financial in a report on Monday, December 9th. Wedbush boosted their price objective on Regions Financial from $28.00 to $30.00 and gave the company an “outperform” rating in a research note on Monday, October 21st. Wells Fargo & Company lifted their target price on Regions Financial from $24.00 to $28.00 and gave the stock an “equal weight” rating in a report on Friday, November 15th. Finally, Piper Sandler boosted their target price on shares of Regions Financial from $25.00 to $29.00 and gave the company a “neutral” rating in a research report on Tuesday, December 3rd. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and eleven have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $27.61.

Regions Financial Stock Up 2.6 %

Shares of NYSE:RF opened at $23.77 on Friday. The business has a fifty day simple moving average of $25.20 and a 200 day simple moving average of $22.68. Regions Financial has a 12-month low of $17.42 and a 12-month high of $27.96. The firm has a market cap of $21.60 billion, a P/E ratio of 13.43, a P/E/G ratio of 2.64 and a beta of 1.19. The company has a quick ratio of 0.83, a current ratio of 0.84 and a debt-to-equity ratio of 0.35.

Regions Financial (NYSE:RF) last released its quarterly earnings data on Friday, October 18th. The bank reported $0.49 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.53 by ($0.04). Regions Financial had a net margin of 18.78% and a return on equity of 12.60%. The firm had revenue of $1.79 billion during the quarter, compared to analyst estimates of $1.80 billion. During the same period in the prior year, the company earned $0.49 EPS. The business’s quarterly revenue was down 3.7% compared to the same quarter last year.

Regions Financial Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, January 2nd. Shareholders of record on Monday, December 2nd will be paid a $0.25 dividend. The ex-dividend date of this dividend is Monday, December 2nd. This represents a $1.00 dividend on an annualized basis and a yield of 4.21%. Regions Financial’s dividend payout ratio (DPR) is presently 56.50%.

Institutional Trading of Regions Financial

A number of large investors have recently added to or reduced their stakes in RF. Quarry LP increased its stake in shares of Regions Financial by 29.5% during the 3rd quarter. Quarry LP now owns 1,729 shares of the bank’s stock worth $40,000 after purchasing an additional 394 shares during the last quarter. Private Advisor Group LLC grew its holdings in Regions Financial by 1.8% during the third quarter. Private Advisor Group LLC now owns 24,928 shares of the bank’s stock valued at $581,000 after purchasing an additional 429 shares during the period. CWM LLC increased its position in Regions Financial by 1.1% in the third quarter. CWM LLC now owns 42,346 shares of the bank’s stock worth $988,000 after buying an additional 480 shares during the last quarter. Resonant Capital Advisors LLC raised its stake in shares of Regions Financial by 2.4% in the third quarter. Resonant Capital Advisors LLC now owns 21,845 shares of the bank’s stock valued at $515,000 after buying an additional 506 shares during the period. Finally, Centaurus Financial Inc. lifted its position in shares of Regions Financial by 5.9% during the 3rd quarter. Centaurus Financial Inc. now owns 9,768 shares of the bank’s stock valued at $228,000 after buying an additional 540 shares during the last quarter. Hedge funds and other institutional investors own 79.39% of the company’s stock.

Regions Financial Company Profile

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.