Regions Financial (NYSE:RF) Posts Earnings Results, Beats Expectations By $0.01 EPS

Regions Financial (NYSE:RF) posted its earnings results on Friday. The bank reported $0.56 earnings per share for the quarter, beating the consensus estimate of $0.55 by $0.01, RTT News reports. Regions Financial had a net margin of 18.78% and a return on equity of 12.60%. The firm had revenue of $1.82 billion during the quarter, compared to analyst estimates of $1,857,300 billion. During the same period in the previous year, the firm earned $0.39 EPS. The business’s quarterly revenue was up .2% on a year-over-year basis.

Regions Financial Trading Down 1.2 %

Shares of RF stock opened at $24.24 on Friday. The company has a current ratio of 0.84, a quick ratio of 0.83 and a debt-to-equity ratio of 0.35. Regions Financial has a twelve month low of $17.42 and a twelve month high of $27.96. The company’s 50-day moving average price is $25.11 and its 200-day moving average price is $23.39. The stock has a market cap of $22.03 billion, a price-to-earnings ratio of 13.69, a PEG ratio of 2.21 and a beta of 1.21.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on RF. Stephens raised shares of Regions Financial from an “equal weight” rating to an “overweight” rating and set a $26.00 target price on the stock in a research note on Tuesday, October 29th. DA Davidson raised their price objective on Regions Financial from $27.00 to $29.00 and gave the company a “buy” rating in a report on Monday, October 21st. Argus raised Regions Financial from a “hold” rating to a “buy” rating and set a $26.00 target price for the company in a research note on Thursday, October 24th. The Goldman Sachs Group lifted their price target on shares of Regions Financial from $29.00 to $33.00 and gave the company a “buy” rating in a research note on Tuesday, November 26th. Finally, Compass Point upped their price objective on shares of Regions Financial from $25.00 to $31.00 and gave the stock a “buy” rating in a research report on Tuesday, December 10th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and eleven have issued a buy rating to the company. Based on data from MarketBeat, Regions Financial has a consensus rating of “Moderate Buy” and a consensus target price of $27.67.

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.