FY2024 EPS Estimates for Regions Financial Co. (NYSE:RF) Reduced by Analyst

Regions Financial Co. (NYSE:RF) – Research analysts at Wedbush cut their FY2024 earnings estimates for Regions Financial in a research report issued to clients and investors on Tuesday, September 24th. Wedbush analyst D. Chiaverini now anticipates that the bank will earn $1.90 per share for the year, down from their previous estimate of $2.00. Wedbush currently has a “Outperform” rating and a $28.00 target price on the stock. The consensus estimate for Regions Financial’s current full-year earnings is $2.01 per share. Wedbush also issued estimates for Regions Financial’s Q1 2025 earnings at $0.52 EPS, Q4 2025 earnings at $0.59 EPS, Q1 2026 earnings at $0.59 EPS and Q2 2026 earnings at $0.62 EPS.

Regions Financial (NYSE:RF) last announced its earnings results on Friday, July 19th. The bank reported $0.52 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.49 by $0.03. The firm had revenue of $1.73 billion during the quarter, compared to analyst estimates of $1.76 billion. Regions Financial had a net margin of 18.91% and a return on equity of 12.64%. Regions Financial’s revenue was down 11.5% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.59 EPS.

RF has been the subject of several other research reports. Royal Bank of Canada raised their price objective on shares of Regions Financial from $21.00 to $23.00 and gave the company an “outperform” rating in a research report on Monday, July 22nd. Jefferies Financial Group raised their price objective on shares of Regions Financial from $22.00 to $24.00 and gave the company a “buy” rating in a research report on Wednesday, July 3rd. StockNews.com upgraded shares of Regions Financial from a “sell” rating to a “hold” rating in a research report on Thursday, September 12th. Wells Fargo & Company raised their price objective on shares of Regions Financial from $18.00 to $22.00 and gave the company an “equal weight” rating in a research report on Monday, July 22nd. Finally, Bank of America raised their price objective on shares of Regions Financial from $22.00 to $25.00 and gave the company a “neutral” rating in a research report on Monday, July 22nd. One research analyst has rated the stock with a sell rating, twelve have issued a hold rating and six have given a buy rating to the stock. According to MarketBeat.com, Regions Financial currently has an average rating of “Hold” and a consensus price target of $22.06.

Regions Financial Stock Performance

Shares of RF opened at $23.02 on Thursday. The firm has a 50-day moving average price of $22.16 and a 200 day moving average price of $20.51. The firm has a market capitalization of $21.08 billion, a PE ratio of 12.51, a P/E/G ratio of 2.95 and a beta of 1.17. The company has a quick ratio of 0.83, a current ratio of 0.83 and a debt-to-equity ratio of 0.33. Regions Financial has a 52-week low of $13.72 and a 52-week high of $23.47.

Institutional Trading of Regions Financial

Large investors have recently modified their holdings of the company. EntryPoint Capital LLC acquired a new position in Regions Financial during the 1st quarter valued at $26,000. Quarry LP raised its stake in Regions Financial by 157.2% during 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 during the last quarter. MV Capital Management Inc. raised its stake in Regions Financial by 75.6% during the 1st quarter. MV Capital Management Inc. now owns 1,435 shares of the bank’s stock valued at $30,000 after purchasing an additional 618 shares during the last quarter. ICA Group Wealth Management LLC acquired a new position in Regions Financial during the 4th quarter valued at $28,000. Finally, Whittier Trust Co. of Nevada Inc. raised its stake in Regions Financial by 530.0% during the 2nd 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 during the last quarter. 79.39% of the stock is owned by institutional investors.

Regions Financial Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, October 1st. Stockholders of record on Tuesday, September 3rd will be given a $0.25 dividend. This is a positive change from Regions Financial’s previous quarterly dividend of $0.24. The ex-dividend date is Tuesday, September 3rd. This represents a $1.00 dividend on an annualized basis and a dividend yield of 4.34%. Regions Financial’s dividend payout ratio (DPR) is currently 54.35%.

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.