Q4 EPS Estimate for Regions Financial Reduced by Analyst

Regions Financial Co. (NYSE:RF) – Investment 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 anticipates that the bank will post earnings per share of $0.55 for the quarter, down from their previous estimate 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.

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

A number of other equities research analysts have also issued reports on the stock. Wells Fargo & Company upped their target price on shares of Regions Financial from $24.00 to $28.00 and gave the company an “equal weight” rating in a research note on Friday, November 15th. Piper Sandler increased their price objective on Regions Financial from $25.00 to $29.00 and gave the stock a “neutral” rating in a report on Tuesday, December 3rd. StockNews.com upgraded Regions Financial from a “sell” rating to a “hold” rating in a research report on Friday, October 25th. Argus upgraded shares of Regions Financial from a “hold” rating to a “buy” rating and set a $26.00 price target on the stock in a research report on Thursday, October 24th. Finally, Barclays raised their price objective on shares of Regions Financial from $22.00 to $25.00 and gave the stock an “underweight” rating in a research note on Monday, October 21st. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and eleven have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $27.61.

Regions Financial Stock Up 2.6 %

RF stock opened at $23.77 on Friday. Regions Financial has a twelve month low of $17.42 and a twelve month high of $27.96. The company has a current ratio of 0.84, a quick ratio of 0.83 and a debt-to-equity ratio of 0.35. The company has a market capitalization of $21.60 billion, a P/E ratio of 13.43, a PEG ratio of 2.64 and a beta of 1.19. The firm has a 50 day simple moving average of $25.20 and a 200-day simple moving average of $22.71.

Regions Financial Dividend Announcement

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

Institutional Investors Weigh In On Regions Financial

Several institutional investors and hedge funds have recently added to or reduced their stakes in RF. Citigroup Inc. lifted its position in shares of Regions Financial by 20.0% in the third quarter. Citigroup Inc. now owns 1,519,299 shares of the bank’s stock valued at $35,445,000 after buying an additional 253,708 shares during the last quarter. Commerce Bank lifted its stake in shares of Regions Financial by 392.5% during the 3rd quarter. Commerce Bank now owns 248,325 shares of the bank’s stock worth $5,793,000 after buying an additional 197,900 shares during the last quarter. National Pension Service boosted its holdings in shares of Regions Financial by 6.3% during the 3rd quarter. National Pension Service now owns 1,722,024 shares of the bank’s stock worth $40,175,000 after buying an additional 102,380 shares during the period. National Bank of Canada FI grew its stake in Regions Financial by 575.8% in the 3rd quarter. National Bank of Canada FI now owns 1,705,273 shares of the bank’s stock valued at $39,784,000 after buying an additional 1,452,956 shares during the last quarter. Finally, B. Metzler seel. Sohn & Co. Holding AG bought a new position in Regions Financial in the 3rd quarter valued at about $3,451,000. 79.39% of the stock is owned by institutional investors.

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.