Q4 EPS Estimate for Regions Financial Reduced by Analyst

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

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

A number of other research analysts also recently weighed in on the stock. Barclays upped their price objective on shares of Regions Financial from $22.00 to $25.00 and gave the stock an “underweight” rating in a research report on Monday, October 21st. Truist Financial raised their price objective on Regions Financial from $25.00 to $26.00 and gave the company a “hold” rating in a report on Monday, October 21st. Compass Point boosted their price objective on Regions Financial from $25.00 to $31.00 and gave the company a “buy” rating in a research report on Tuesday, December 10th. The Goldman Sachs Group increased their target price on Regions Financial from $29.00 to $33.00 and gave the company a “buy” rating in a research report on Tuesday, November 26th. Finally, Citigroup lifted their target price on shares of Regions Financial from $26.00 to $30.00 and gave the company a “buy” rating in a research report on Thursday, November 21st. One research analyst has rated the stock with a sell rating, seven have given a hold rating and eleven have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $27.61.

Regions Financial Stock Performance

Shares of NYSE RF opened at $23.17 on Friday. The company has a market capitalization of $21.06 billion, a PE ratio of 13.09, a price-to-earnings-growth ratio of 2.64 and a beta of 1.19. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.83 and a current ratio of 0.84. The company’s fifty day moving average price is $25.20 and its 200 day moving average price is $22.65. Regions Financial has a 1 year low of $17.42 and a 1 year high of $27.96.

Institutional Trading of Regions Financial

Hedge funds have recently added to or reduced their stakes in the business. American National Bank & Trust raised its holdings in shares of Regions Financial by 1,856.7% in the 3rd quarter. American National Bank & Trust now owns 1,174 shares of the bank’s stock worth $27,000 after purchasing an additional 1,114 shares during the period. Quarry LP increased its position in Regions Financial by 157.2% during the 2nd quarter. Quarry LP now owns 1,335 shares of the bank’s stock worth $27,000 after purchasing an additional 816 shares in the last quarter. Whittier Trust Co. of Nevada Inc. raised its holdings in Regions Financial by 530.0% in the second quarter. Whittier Trust Co. of Nevada Inc. now owns 1,493 shares of the bank’s stock valued at $30,000 after buying an additional 1,256 shares during the period. Innealta Capital LLC purchased a new position in Regions Financial in the second quarter valued at approximately $32,000. Finally, EdgeRock Capital LLC acquired a new position in Regions Financial during the second quarter valued at approximately $33,000. 79.39% of the stock is owned by institutional investors and hedge funds.

Regions Financial Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, January 2nd. Shareholders of record on Monday, December 2nd will be paid a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 4.32%. The ex-dividend date of this dividend is Monday, December 2nd. Regions Financial’s dividend payout ratio is presently 56.50%.

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.