RF Corp Publicized FY2018 Earnings Of $1.01 Per Share

By klaireaustria

Nov 25, 2016 03:47 PM EST

Jefferies Group of equities researchers issued their FY2018 earnings per share estimates for shares of Regions Financial Corp. in a research report issued to clients and investors on Friday. Jefferies Group analyst K. Usdin anticipates that the brokerage will post earnings per share of $1.01 for the year. Jefferies Group currently has a "Buy" rating and a $9.50 target price on the stock.

Regions Financial Corp. (NYSE:RF) last issued its earnings results on Tuesday, July 19th. The company reported $0.20 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.21 by $0.01. The firm earned $1.40 billion during the quarter, compared to the consensus estimate of $1.37 billion. Regions Financial Corp. had a return on equity of 6.65% and a net margin of 18.63%.

Regions Financial Corp. (NYSE:RF) opened at 10.46 on Monday. The stock has a 50 day moving average of $9.82 and a 200 day moving average of $9.18. The company has a market cap of $13.13 billion, a P/E ratio of 13.16 and a beta of 1.44. Regions Financial Corp. has a 52 week low of $7.00 and a 52 week high of $10.47.

The business also recently disclosed a quarterly dividend, which was paid on Monday, October 3rd. Shareholders of record on Friday, September 9th were given a dividend of $0.065 per share. This represents a $0.26 dividend on an annualized basis and a yield of 2.52%. The ex-dividend date was Wednesday, September 7th. Regions Financial Corp.'s dividend payout ratio is presently 32.91%.

In other news, EVP Ellen S. Jones sold 10,000 shares of the company's stock in a transaction on Thursday, August 18th. The shares were sold at an average price of $9.53, for a total transaction of $95,300.00. Following the completion of the sale, the executive vice president now owns 54,886 shares of the company's stock, valued at $523,063.58. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Scott M. Peters sold 23,391 shares of the company's stock in a transaction on Friday, August 26th. The stock was sold at an average price of $9.73, for a total transaction of $227,594.43. Following the sale, the executive vice president now directly owns 201,391 shares of the company's stock, valued at approximately $1,959,534.43. The disclosure for this sale can be found here. Company insiders own 0.88% of the company's stock.

AJO LP raised its stake in Regions Financial Corp. by 665.8% in the second quarter. AJO LP now owns 12,532,352 shares of the company's stock worth $106,650,000 after buying an additional 10,895,919 shares during the last quarter.

Bank of Montreal Can acquired a new stake in Regions Financial Corp. during the second quarter worth about $44,648,000. Basswood Capital Management L.L.C. raised its stake in Regions Financial Corp. by 70.7% in the second quarter. Basswood Capital Management L.L.C. now owns 11,942,752 shares of the company's stock worth $101,633,000 after buying an additional 4,944,933 shares during the last quarter.

Samlyn Capital LLC raised its stake in Regions Financial Corp. by 66.0% in the first quarter. Samlyn Capital LLC now owns 11,611,786 shares of the company's stock worth $91,152,000 after buying an additional 4,616,877 shares during the last quarter. Finally, Systematic Financial Management LP acquired a new stake in Regions Financial Corp. during the second quarter worth about $36,379,000. 74.29% of the stock is owned by institutional investors and hedge funds.

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