Regions Financial (NYSE:RF) released its earnings results on Friday. The bank reported $0.27 EPS for the quarter, beating the consensus estimate of $0.26 by $0.01, RTT News reports. Regions Financial had a net margin of 20.14% and a return on equity of 7.56%. The business had revenue of $1.48 billion during the quarter, compared to analyst estimates of $1.45 billion. During the same period in the prior year, the business earned $0.23 earnings per share. The business’s quarterly revenue was up 5.9% on a year-over-year basis.
Shares of Regions Financial (RF) traded up $0.52 during trading hours on Friday, hitting $18.67. 15,179,287 shares of the company traded hands, compared to its average volume of 6,869,356. The company has a current ratio of 0.85, a quick ratio of 0.84 and a debt-to-equity ratio of 0.39. The stock has a market cap of $21,656.66, a P/E ratio of 18.67, a PEG ratio of 1.08 and a beta of 1.30. Regions Financial has a fifty-two week low of $13.00 and a fifty-two week high of $18.70.
Several research firms recently commented on RF. ValuEngine lowered shares of Regions Financial from a “buy” rating to a “hold” rating in a research note on Tuesday, January 16th. Piper Jaffray Companies reissued a “hold” rating and set a $18.00 target price on shares of Regions Financial in a research note on Friday. Keefe, Bruyette & Woods reissued a “hold” rating and set a $15.00 target price on shares of Regions Financial in a research note on Tuesday, October 3rd. Robert W. Baird reissued a “sell” rating and set a $17.00 target price on shares of Regions Financial in a research note on Wednesday, January 3rd. Finally, UBS Group raised shares of Regions Financial from a “sell” rating to a “neutral” rating and increased their target price for the company from $15.00 to $18.00 in a research note on Tuesday, December 12th. Three analysts have rated the stock with a sell rating, seventeen have given a hold rating, three have assigned a buy rating and two have issued a strong buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus target price of $16.70.
In other Regions Financial news, EVP Scott M. Peters sold 25,000 shares of the stock in a transaction that occurred on Thursday, October 26th. The shares were sold at an average price of $15.84, for a total value of $396,000.00. Following the completion of the sale, the executive vice president now owns 121,459 shares in the company, valued at approximately $1,923,910.56. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP John B. Owen sold 40,000 shares of the stock in a transaction that occurred on Tuesday, November 7th. The stock was sold at an average price of $15.67, for a total transaction of $626,800.00. The disclosure for this sale can be found here. In the last 90 days, insiders sold 80,000 shares of company stock valued at $1,278,400. 0.52% of the stock is owned by insiders.
A number of hedge funds have recently added to or reduced their stakes in RF. Janus Henderson Group PLC lifted its position in Regions Financial by 8,065.3% in the 2nd quarter. Janus Henderson Group PLC now owns 13,067,310 shares of the bank’s stock worth $191,306,000 after buying an additional 12,907,276 shares in the last quarter. Old Mutual Global Investors UK Ltd. lifted its position in Regions Financial by 257.2% in the 3rd quarter. Old Mutual Global Investors UK Ltd. now owns 9,538,317 shares of the bank’s stock worth $145,268,000 after buying an additional 6,868,243 shares in the last quarter. Samlyn Capital LLC lifted its position in Regions Financial by 63.0% in the 2nd quarter. Samlyn Capital LLC now owns 9,074,895 shares of the bank’s stock worth $132,856,000 after buying an additional 3,506,995 shares in the last quarter. Parametric Portfolio Associates LLC lifted its position in Regions Financial by 66.2% in the 2nd quarter. Parametric Portfolio Associates LLC now owns 6,319,165 shares of the bank’s stock worth $92,513,000 after buying an additional 2,517,411 shares in the last quarter. Finally, Vanguard Group Inc. lifted its position in Regions Financial by 1.3% in the 2nd quarter. Vanguard Group Inc. now owns 134,473,976 shares of the bank’s stock worth $1,968,699,000 after buying an additional 1,742,890 shares in the last quarter. Institutional investors own 75.27% of the company’s stock.
Regions Financial Company Profile
Regions Financial Corporation is a financial holding company. The Company conducts its banking operations through Regions Bank, an Alabama state-chartered commercial bank, which is a member of the Federal Reserve System. It operates in three segments: Corporate Bank, which represents its commercial banking functions, including commercial and industrial, commercial real estate and investor real estate lending; Consumer Bank, which represents its branch network, including consumer banking products and services related to residential first mortgages, home equity lines and loans, small business loans, indirect loans, consumer credit cards and other consumer loans, as well as the corresponding deposit relationships, and Wealth Management, which offers individuals, businesses, governmental institutions and non-profit entities a range of solutions to enable transfer of wealth.
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