DA Davidson Cuts Earnings Estimates for Regions Financial

Regions Financial Co. (NYSE:RF) – Analysts at DA Davidson cut their Q4 2024 earnings per share estimates for Regions Financial in a note issued to investors on Thursday, December 19th. DA Davidson analyst P. Winter now anticipates that the bank will post earnings of $0.55 per share for the quarter, down from their previous estimate of $0.56. 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.

Regions Financial (NYSE:RF) last posted its quarterly earnings results on Friday, October 18th. The bank reported $0.49 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 company had revenue of $1.79 billion during the quarter, compared to analyst estimates of $1.80 billion. During the same period last year, the firm earned $0.49 EPS. The firm’s revenue for the quarter was down 3.7% compared to the same quarter last year.

Other analysts have also recently issued research reports about the stock. Wells Fargo & Company upped their price target on shares of Regions Financial from $24.00 to $28.00 and gave the company an “equal weight” rating in a research report on Friday, November 15th. Stephens raised Regions Financial from an “equal weight” rating to an “overweight” rating and set a $26.00 price objective for the company in a report on Tuesday, October 29th. Evercore ISI increased their price objective on shares of Regions Financial from $24.50 to $26.00 and gave the company an “in-line” rating in a research note on Wednesday, October 2nd. Barclays boosted their price target on shares of Regions Financial from $22.00 to $25.00 and gave the stock an “underweight” rating in a report on Monday, October 21st. Finally, Truist Financial increased 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 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 company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $27.61.

Regions Financial Stock Performance

Shares of RF stock opened at $23.77 on Friday. The company has a current ratio of 0.84, a quick ratio of 0.83 and a debt-to-equity ratio of 0.35. Regions Financial has a 12 month low of $17.42 and a 12 month high of $27.96. The business’s 50-day moving average price is $25.20 and its 200-day moving average price is $22.71. The firm has a market capitalization of $21.60 billion, a price-to-earnings ratio of 13.43, a PEG ratio of 2.64 and a beta of 1.19.

Regions Financial Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, January 2nd. Stockholders of record on Monday, December 2nd will be paid a dividend of $0.25 per share. The ex-dividend date of this dividend is Monday, December 2nd. This represents a $1.00 dividend on an annualized basis and a dividend yield of 4.21%. Regions Financial’s dividend payout ratio (DPR) is currently 56.50%.

Institutional Investors Weigh In On Regions Financial

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. State Street Corp increased its stake in shares of Regions Financial by 16.3% during the third quarter. State Street Corp now owns 55,485,987 shares of the bank’s stock valued at $1,306,813,000 after buying an additional 7,791,399 shares during the period. Charles Schwab Investment Management Inc. lifted its position in shares of Regions Financial by 3.0% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 27,786,933 shares of the bank’s stock worth $648,269,000 after purchasing an additional 816,226 shares during the period. Geode Capital Management LLC boosted its stake in shares of Regions Financial by 1.4% during the 3rd quarter. Geode Capital Management LLC now owns 22,625,214 shares of the bank’s stock valued at $526,118,000 after purchasing an additional 315,605 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in Regions Financial by 7.4% in the second quarter. Dimensional Fund Advisors LP now owns 14,252,693 shares of the bank’s stock worth $285,562,000 after buying an additional 979,597 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC boosted its position in Regions Financial by 13.3% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 8,625,734 shares of the bank’s stock valued at $201,238,000 after acquiring an additional 1,014,706 shares in the last quarter. Institutional investors own 79.39% of the company’s stock.

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.