Regions Financial (NYSE:RF) Releases Quarterly Earnings Results, Misses Estimates By $0.08 EPS

Regions Financial (NYSE:RF - Get Free Report) issued its quarterly earnings results on Friday. The bank reported $0.37 EPS for the quarter, missing the consensus estimate of $0.45 by ($0.08), RTT News reports. Regions Financial had a return on equity of 14.50% and a net margin of 22.66%. The company had revenue of $1.75 billion for the quarter, compared to analyst estimates of $1.75 billion. During the same period last year, the company posted $0.62 EPS. The business's revenue for the quarter was down 10.5% on a year-over-year basis.

Regions Financial Stock Down 0.5 %

NYSE RF traded down $0.09 during trading hours on Friday, reaching $18.91. 18,044,894 shares of the company traded hands, compared to its average volume of 8,718,936. Regions Financial has a 12 month low of $13.72 and a 12 month high of $21.08. The company has a current ratio of 0.82, a quick ratio of 0.82 and a debt-to-equity ratio of 0.15. The stock has a market capitalization of $17.38 billion, a PE ratio of 9.02, a PEG ratio of 1.36 and a beta of 1.21. The company has a 50 day moving average of $19.30 and a two-hundred day moving average of $17.97.

Regions Financial Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, July 1st. Shareholders of record on Monday, June 3rd will be paid a dividend of $0.24 per share. The ex-dividend date is Monday, June 3rd. This represents a $0.96 dividend on an annualized basis and a yield of 5.08%. Regions Financial's dividend payout ratio (DPR) is 45.93%.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the stock. Yousif Capital Management LLC lifted its position in shares of Regions Financial by 0.8% in the 1st quarter. Yousif Capital Management LLC now owns 149,877 shares of the bank's stock worth $3,336,000 after buying an additional 1,249 shares during the last quarter. Vontobel Holding Ltd. increased its holdings in shares of Regions Financial by 23.5% in the 1st quarter. Vontobel Holding Ltd. now owns 24,426 shares of the bank's stock worth $553,000 after acquiring an additional 4,648 shares during the period. Allianz Asset Management GmbH increased its holdings in shares of Regions Financial by 929.9% in the 1st quarter. Allianz Asset Management GmbH now owns 1,070,728 shares of the bank's stock worth $23,834,000 after acquiring an additional 966,768 shares during the period. Brown Brothers Harriman & Co. increased its holdings in shares of Regions Financial by 44.7% in the 1st quarter. Brown Brothers Harriman & Co. now owns 15,715 shares of the bank's stock worth $350,000 after acquiring an additional 4,852 shares during the period. Finally, Parkside Financial Bank & Trust increased its holdings in shares of Regions Financial by 41.7% in the 1st quarter. Parkside Financial Bank & Trust now owns 2,505 shares of the bank's stock worth $56,000 after acquiring an additional 737 shares during the period. 79.39% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

RF has been the subject of several research analyst reports. Citigroup raised shares of Regions Financial from a "neutral" rating to a "buy" rating and upped their price target for the stock from $20.00 to $23.00 in a research report on Monday, March 18th. Argus lowered shares of Regions Financial from a "buy" rating to a "hold" rating in a research report on Tuesday, January 23rd. Stephens reaffirmed an "equal weight" rating and set a $21.00 price target on shares of Regions Financial in a research report on Tuesday, January 23rd. Royal Bank of Canada upped their price target on shares of Regions Financial from $19.00 to $21.00 and gave the stock an "outperform" rating in a research report on Monday, January 22nd. Finally, Barclays reissued an "underweight" rating and issued a $22.00 price objective (up previously from $20.00) on shares of Regions Financial in a research report on Tuesday, January 2nd. Two analysts have rated the stock with a sell rating, eleven have issued a hold rating and six have assigned a buy rating to the company. According to MarketBeat, the company has an average rating of "Hold" and a consensus target price of $20.39.

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.