DA Davidson Predicts Reduced Earnings for Regions Financial

Regions Financial Co. (NYSE:RF) – Equities research analysts at DA Davidson dropped their FY2024 earnings per share estimates for shares of Regions Financial in a research note issued on Thursday, December 19th. DA Davidson analyst P. Winter now anticipates that the bank will earn $2.08 per share for the year, down from their previous forecast of $2.10. 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. DA Davidson also issued estimates for Regions Financial’s FY2025 earnings at $2.28 EPS.

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

Other analysts also recently issued reports about the stock. Wedbush raised their price objective on shares of Regions Financial from $28.00 to $30.00 and gave the company an “outperform” rating in a research report on Monday, October 21st. Keefe, Bruyette & Woods upgraded Regions Financial from a “market perform” rating to an “outperform” rating and boosted their price objective for the company from $27.00 to $28.00 in a research report on Thursday, October 31st. Wells Fargo & Company increased their target price on Regions Financial from $24.00 to $28.00 and gave the stock an “equal weight” rating in a research report on Friday, November 15th. Argus raised Regions Financial from a “hold” rating to a “buy” rating and set a $26.00 price target on the stock in a report on Thursday, October 24th. Finally, Truist Financial upped their price target on Regions Financial from $25.00 to $26.00 and gave the stock a “hold” rating in a research note on Monday, October 21st. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and eleven have assigned a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $27.61.

Regions Financial Trading Up 0.8 %

Shares of NYSE:RF opened at $24.02 on Monday. The stock’s 50-day simple moving average is $25.20 and its two-hundred day simple moving average is $22.77. The stock has a market capitalization of $21.83 billion, a price-to-earnings ratio of 13.57, a PEG ratio of 2.64 and a beta of 1.19. Regions Financial has a 52-week low of $17.42 and a 52-week high of $27.96. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.83 and a current ratio of 0.84.

Institutional Investors Weigh In On Regions Financial

Several institutional investors have recently bought and sold shares of the company. Quarry LP increased its holdings in shares of Regions Financial by 29.5% during the third quarter. Quarry LP now owns 1,729 shares of the bank’s stock valued at $40,000 after acquiring an additional 394 shares in the last quarter. Private Advisor Group LLC grew its position in Regions Financial by 1.8% during the 3rd quarter. Private Advisor Group LLC now owns 24,928 shares of the bank’s stock worth $581,000 after purchasing an additional 429 shares during the last quarter. CWM LLC increased its stake in Regions Financial by 1.1% during the 3rd quarter. CWM LLC now owns 42,346 shares of the bank’s stock valued at $988,000 after purchasing an additional 480 shares in the last quarter. Resonant Capital Advisors LLC raised its holdings in shares of Regions Financial by 2.4% in the third quarter. Resonant Capital Advisors LLC now owns 21,845 shares of the bank’s stock worth $515,000 after buying an additional 506 shares during the last quarter. Finally, Centaurus Financial Inc. lifted its stake in shares of Regions Financial by 5.9% during the third quarter. Centaurus Financial Inc. now owns 9,768 shares of the bank’s stock worth $228,000 after buying an additional 540 shares during the period. 79.39% of the stock is currently owned by institutional investors and hedge funds.

Regions Financial Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, January 2nd. Stockholders of record on Monday, December 2nd will be issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 4.16%. The ex-dividend date of this dividend is Monday, December 2nd. Regions Financial’s dividend payout ratio is currently 56.50%.

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.