Research Analysts Set Expectations for Regions Financial Co.’s Q3 2024 Earnings (NYSE:RF)

Regions Financial Co. (NYSE:RF) – Equities research analysts at Wedbush raised their Q3 2024 earnings per share (EPS) estimates for shares of Regions Financial in a report released on Wednesday, October 9th. Wedbush analyst D. Chiaverini now expects that the bank will post earnings of $0.51 per share for the quarter, up from their previous forecast of $0.50. 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 $2.02 per share. Wedbush also issued estimates for Regions Financial’s Q2 2025 earnings at $0.56 EPS and Q3 2025 earnings at $0.58 EPS.

Regions Financial (NYSE:RF) last issued its quarterly earnings data on Friday, July 19th. The bank reported $0.52 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.49 by $0.03. The business had revenue of $1.73 billion for the quarter, compared to the consensus estimate of $1.76 billion. Regions Financial had a return on equity of 12.64% and a net margin of 18.91%. The business’s revenue was down 11.5% on a year-over-year basis. During the same period in the prior year, the business earned $0.59 earnings per share.

Several other analysts have also recently issued reports on the stock. Bank of America boosted their price objective on shares of Regions Financial from $22.00 to $25.00 and gave the company a “neutral” rating in a research note on Monday, July 22nd. Wells Fargo & Company upped their price target on Regions Financial from $18.00 to $22.00 and gave the stock an “equal weight” rating in a research note on Monday, July 22nd. Keefe, Bruyette & Woods reduced their price objective on Regions Financial from $22.00 to $21.00 and set a “market perform” rating on the stock in a research note on Tuesday, July 9th. The Goldman Sachs Group increased their target price on shares of Regions Financial from $25.00 to $28.00 and gave the stock a “buy” rating in a research report on Monday, October 7th. Finally, Evercore ISI lifted their price target on shares of Regions Financial from $24.50 to $26.00 and gave the company an “in-line” rating in a research report on Wednesday, October 2nd. One analyst has rated the stock with a sell rating, twelve have given a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $22.86.

Regions Financial Stock Up 2.8 %

RF stock opened at $23.69 on Thursday. The company has a 50 day moving average price of $22.26 and a two-hundred day moving average price of $20.74. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.83 and a current ratio of 0.83. The stock has a market capitalization of $21.70 billion, a P/E ratio of 12.88, a PEG ratio of 2.80 and a beta of 1.17. Regions Financial has a one year low of $13.72 and a one year high of $23.82.

Regions Financial Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, October 1st. Shareholders of record on Tuesday, September 3rd were paid a dividend of $0.25 per share. The ex-dividend date of this dividend was Tuesday, September 3rd. This represents a $1.00 annualized dividend and a yield of 4.22%. This is a boost from Regions Financial’s previous quarterly dividend of $0.24. Regions Financial’s dividend payout ratio is presently 54.35%.

Institutional Trading of Regions Financial

Institutional investors have recently added to or reduced their stakes in the business. Icon Wealth Advisors LLC bought a new stake in shares of Regions Financial in the 4th quarter worth approximately $499,000. Caxton Associates LP boosted its holdings in shares of Regions Financial by 493.3% during the fourth quarter. Caxton Associates LP now owns 115,316 shares of the bank’s stock valued at $2,235,000 after acquiring an additional 95,879 shares during the period. Black Maple Capital Management LP grew its position in shares of Regions Financial by 20.3% during the fourth quarter. Black Maple Capital Management LP now owns 135,300 shares of the bank’s stock worth $2,622,000 after acquiring an additional 22,800 shares during the last quarter. Voisard Asset Management Group Inc. acquired a new stake in shares of Regions Financial in the 4th quarter worth about $46,000. Finally, V Square Quantitative Management LLC lifted its position in Regions Financial by 22.7% in the 4th quarter. V Square Quantitative Management LLC now owns 22,371 shares of the bank’s stock valued at $434,000 after purchasing an additional 4,136 shares during the last quarter. Institutional investors own 79.39% of the company’s stock.

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.