Regions Financial (NYSE:RF) Announces Earnings Results, Beats Estimates By $0.03 EPS

Regions Financial (NYSE:RF - Get Free Report) posted its earnings results on Thursday. The bank reported $0.54 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.51 by $0.03, RTT News reports. Regions Financial had a return on equity of 12.83% and a net margin of 20.20%. The firm had revenue of $1.81 billion during the quarter, compared to analysts' expectations of $1.84 billion. During the same period in the previous year, the firm earned $0.37 earnings per share.

Regions Financial Price Performance

Shares of NYSE RF traded up $0.35 during mid-day trading on Tuesday, hitting $19.44. 3,426,031 shares of the stock traded hands, compared to its average volume of 8,121,382. Regions Financial has a twelve month low of $17.72 and a twelve month high of $27.96. The firm has a 50 day simple moving average of $21.49 and a two-hundred day simple moving average of $23.54. The company has a debt-to-equity ratio of 0.37, a current ratio of 0.84 and a quick ratio of 0.83. The company has a market cap of $17.60 billion, a PE ratio of 10.02, a price-to-earnings-growth ratio of 1.93 and a beta of 1.01.

Regions Financial Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, July 1st. Shareholders of record on Friday, May 2nd will be paid a dividend of $0.25 per share. The ex-dividend date of this dividend is Monday, June 2nd. This represents a $1.00 dividend on an annualized basis and a dividend yield of 5.15%. Regions Financial's payout ratio is presently 48.08%.

Insider Activity

In other Regions Financial news, Director Joia M. Johnson bought 2,300 shares of Regions Financial stock in a transaction on Tuesday, March 11th. The shares were purchased at an average cost of $21.18 per share, with a total value of $48,714.00. Following the acquisition, the director now directly owns 17,486 shares of the company's stock, valued at $370,353.48. The trade was a 15.15 % increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Over the last three months, insiders have bought 3,343 shares of company stock valued at $74,348. 0.29% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on RF shares. Barclays decreased their price objective on Regions Financial from $26.00 to $24.00 and set an "underweight" rating for the company in a report on Monday. Wells Fargo & Company lowered their target price on Regions Financial from $28.00 to $26.00 and set an "equal weight" rating on the stock in a research note on Friday, March 28th. JPMorgan Chase & Co. decreased their price objective on Regions Financial from $26.00 to $23.00 and set a "neutral" rating on the stock in a report on Thursday, April 3rd. Keefe, Bruyette & Woods lowered their price target on shares of Regions Financial from $28.00 to $26.00 and set an "outperform" rating on the stock in a research report on Monday. Finally, Citigroup decreased their target price on shares of Regions Financial from $28.00 to $25.00 and set a "buy" rating on the stock in a research report on Monday, March 24th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and eleven have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $25.53.

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.