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

Regions Financial Co. (NYSE:RF) – Equities research analysts at Wedbush increased their Q3 2024 earnings estimates for Regions Financial in a research report issued on Wednesday, October 9th. Wedbush analyst D. Chiaverini now anticipates that the bank will post earnings of $0.51 per share for the quarter, up from their prior 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 $2.01 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 results on Friday, July 19th. The bank reported $0.52 earnings per share for the quarter, beating analysts’ consensus estimates 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%. Regions Financial’s revenue for the quarter was down 11.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.59 earnings per share.

Other research analysts also recently issued reports about the stock. Keefe, Bruyette & Woods lowered their price objective on shares of Regions Financial from $22.00 to $21.00 and set a “market perform” rating on the stock in a research report on Tuesday, July 9th. Royal Bank of Canada upped their price target on Regions Financial from $21.00 to $23.00 and gave the stock an “outperform” rating in a research note on Monday, July 22nd. Wells Fargo & Company increased their price target on Regions Financial from $18.00 to $22.00 and gave the company an “equal weight” rating in a report on Monday, July 22nd. Citigroup upped their price objective on shares of Regions Financial from $25.00 to $26.00 and gave the stock a “buy” rating in a report on Thursday, September 19th. Finally, StockNews.com raised shares of Regions Financial from a “sell” rating to a “hold” rating in a research report on Thursday, September 12th. One research analyst has rated the stock with a sell rating, twelve have given a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat, Regions Financial presently has an average rating of “Hold” and a consensus target price of $22.86.

Regions Financial Trading Down 0.2 %

NYSE:RF opened at $23.04 on Thursday. The stock has a market cap of $21.10 billion, a PE ratio of 12.52, a price-to-earnings-growth ratio of 2.95 and a beta of 1.17. Regions Financial has a fifty-two week low of $13.72 and a fifty-two week high of $23.47. The company has a debt-to-equity ratio of 0.33, a current ratio of 0.83 and a quick ratio of 0.83. The stock’s 50-day moving average is $22.26 and its two-hundred day moving average is $20.74.

Regions Financial Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, October 1st. Stockholders of record on Tuesday, September 3rd were paid a $0.25 dividend. This is a positive change from Regions Financial’s previous quarterly dividend of $0.24. This represents a $1.00 annualized dividend and a dividend yield of 4.34%. The ex-dividend date of this dividend was Tuesday, September 3rd. Regions Financial’s dividend payout ratio is currently 54.35%.

Institutional Trading of Regions Financial

A number of large investors have recently bought and sold shares of RF. EntryPoint Capital LLC acquired a new stake in shares of Regions Financial in the first quarter valued at approximately $26,000. American National Bank & Trust lifted its stake in shares of Regions Financial by 1,856.7% in the 3rd quarter. American National Bank & Trust now owns 1,174 shares of the bank’s stock valued at $27,000 after purchasing an additional 1,114 shares during the period. Quarry LP boosted its position in shares of Regions Financial by 157.2% in the 2nd quarter. Quarry LP now owns 1,335 shares of the bank’s stock worth $27,000 after purchasing an additional 816 shares during the last quarter. MV Capital Management Inc. grew its stake in shares of Regions Financial by 75.6% during the first quarter. MV Capital Management Inc. now owns 1,435 shares of the bank’s stock worth $30,000 after purchasing an additional 618 shares during the period. Finally, Whittier Trust Co. of Nevada Inc. increased its holdings in Regions Financial by 530.0% in the second 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 currently owned by institutional investors.

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.