DA Davidson Analysts Increase Earnings Estimates for RF

Regions Financial Co. (NYSE:RF) – Analysts at DA Davidson upped their FY2024 earnings estimates for shares of Regions Financial in a research report issued to clients and investors on Monday, October 21st. DA Davidson analyst P. Winter now expects that the bank will post earnings per share of $2.10 for the year, up from their prior estimate of $2.06. DA Davidson has a “Buy” rating and a $29.00 price objective on the stock. The consensus estimate for Regions Financial’s current full-year earnings is $2.02 per share. DA Davidson also issued estimates for Regions Financial’s Q4 2024 earnings at $0.56 EPS and FY2025 earnings at $2.29 EPS.

Several other equities analysts have also recently weighed in on RF. Barclays raised their price target on Regions Financial from $22.00 to $25.00 and gave the company an “underweight” rating in a report on Monday. Morgan Stanley raised their target price on shares of Regions Financial from $25.00 to $28.00 and gave the company an “overweight” rating in a report on Tuesday, July 30th. StockNews.com downgraded shares of Regions Financial from a “hold” rating to a “sell” rating in a research note on Thursday, October 17th. Evercore ISI lifted their price objective on shares of Regions Financial from $24.50 to $26.00 and gave the stock an “in-line” rating in a research note on Wednesday, October 2nd. Finally, The Goldman Sachs Group increased their price target on shares of Regions Financial from $25.00 to $28.00 and gave the company a “buy” rating in a report on Monday, October 7th. Two equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat.com, Regions Financial currently has a consensus rating of “Hold” and an average target price of $23.64.

Regions Financial Trading Up 0.0 %

Shares of Regions Financial stock opened at $23.64 on Tuesday. Regions Financial has a twelve month low of $13.72 and a twelve month high of $24.47. The company has a quick ratio of 0.83, a current ratio of 0.83 and a debt-to-equity ratio of 0.33. The business has a 50-day moving average price of $22.76 and a 200-day moving average price of $20.94. The firm has a market cap of $21.65 billion, a price-to-earnings ratio of 12.85, a PEG ratio of 2.80 and a beta of 1.17.

Regions Financial (NYSE:RF) last issued its earnings results 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 18.91% and a return on equity of 12.64%. The business had revenue of $1.79 billion for the quarter, compared to the consensus estimate of $1.80 billion. During the same period last year, the business posted $0.49 EPS. The firm’s revenue for the quarter was down 3.7% compared to the same quarter last year.

Institutional Trading of Regions Financial

Several institutional investors and hedge funds have recently modified their holdings of the stock. EntryPoint Capital LLC bought a new stake in shares of Regions Financial in the first quarter valued at about $26,000. American National Bank & Trust increased its position in Regions Financial by 1,856.7% during the 3rd quarter. American National Bank & Trust now owns 1,174 shares of the bank’s stock valued at $27,000 after purchasing an additional 1,114 shares during the period. Quarry LP raised its holdings in shares of Regions Financial by 157.2% in the 2nd quarter. Quarry LP now owns 1,335 shares of the bank’s stock valued at $27,000 after purchasing an additional 816 shares in the last quarter. MV Capital Management Inc. lifted its position in shares of Regions Financial by 75.6% in the 1st quarter. MV Capital Management Inc. now owns 1,435 shares of the bank’s stock worth $30,000 after purchasing an additional 618 shares during the period. Finally, Whittier Trust Co. of Nevada Inc. boosted its stake in shares of Regions Financial by 530.0% during the second quarter. Whittier Trust Co. of Nevada Inc. now owns 1,493 shares of the bank’s stock valued at $30,000 after purchasing an additional 1,256 shares in the last quarter. Institutional investors own 79.39% of the company’s stock.

Regions Financial Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, January 2nd. Investors of record on Monday, December 2nd will be issued a dividend of $0.25 per share. 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 4.23%. Regions Financial’s payout ratio is 54.35%.

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.