Regions Financial (NYSE:RF) Posts Earnings Results, Beats Expectations By $0.01 EPS

Regions Financial (NYSE:RF) issued its quarterly earnings data on Friday. The bank reported $0.56 EPS for the quarter, topping the consensus estimate of $0.55 by $0.01, RTT News reports. Regions Financial had a net margin of 18.78% and a return on equity of 12.60%. The firm had revenue of $1.82 billion for the quarter, compared to analyst estimates of $1,857,300 billion. During the same period in the prior year, the business posted $0.39 EPS. The business’s revenue for the quarter was up .2% compared to the same quarter last year.

Regions Financial Stock Performance

NYSE:RF opened at $24.24 on Friday. Regions Financial has a 12 month low of $17.42 and a 12 month high of $27.96. The company has a debt-to-equity ratio of 0.35, a current ratio of 0.84 and a quick ratio of 0.83. The firm has a market capitalization of $22.03 billion, a PE ratio of 13.69, a price-to-earnings-growth ratio of 2.21 and a beta of 1.21. The business’s fifty day moving average price is $25.11 and its 200 day moving average price is $23.39.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on the company. Evercore ISI upped their price target on Regions Financial from $24.50 to $26.00 and gave the stock an “in-line” rating in a research note on Wednesday, October 2nd. Deutsche Bank Aktiengesellschaft raised Regions Financial from a “hold” rating to a “buy” rating and increased their target price for the stock from $24.00 to $26.00 in a research note on Thursday, October 24th. The Goldman Sachs Group lifted their target price on Regions Financial from $29.00 to $33.00 and gave the company a “buy” rating in a research report on Tuesday, November 26th. Citigroup increased their price target on shares of Regions Financial from $26.00 to $30.00 and gave the stock a “buy” rating in a research report on Thursday, November 21st. Finally, Stephens upgraded shares of 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. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and eleven have given a buy rating to the company. Based on data from MarketBeat, Regions Financial has an average rating of “Moderate Buy” and an average price target of $27.67.

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.