Wall Street brokerages expect that Regions Financial Corp (NYSE:RF) will report $1.48 billion in sales for the current fiscal quarter, according to Zacks Investment Research. Twenty Four analysts have provided estimates for Regions Financial’s earnings. The highest sales estimate is $1.50 billion and the lowest is $1.46 billion. Regions Financial posted sales of $1.46 billion during the same quarter last year, which suggests a positive year over year growth rate of 1.4%. The company is expected to report its next earnings results on Tuesday, October 22nd.

According to Zacks, analysts expect that Regions Financial will report full-year sales of $5.85 billion for the current fiscal year, with estimates ranging from $5.80 billion to $5.94 billion. For the next year, analysts anticipate that the company will report sales of $5.96 billion, with estimates ranging from $5.86 billion to $6.06 billion. Zacks’ sales calculations are an average based on a survey of sell-side research firms that follow Regions Financial.

Regions Financial (NYSE:RF) last announced its quarterly earnings results on Friday, July 19th. The bank reported $0.39 EPS for the quarter, meeting the consensus estimate of $0.39. Regions Financial had a net margin of 26.43% and a return on equity of 10.86%. The company had revenue of $1.44 billion for the quarter, compared to analyst estimates of $1.49 billion. During the same quarter last year, the business earned $0.32 earnings per share. Regions Financial’s revenue was down .1% compared to the same quarter last year.

Several equities research analysts have commented on the stock. Wedbush upgraded shares of Regions Financial from a “neutral” rating to an “outperform” rating and raised their price target for the company from $15.00 to $17.00 in a research note on Monday, July 22nd. ValuEngine upgraded shares of Regions Financial from a “strong sell” rating to a “sell” rating in a research note on Thursday, April 18th. Raymond James decreased their price objective on shares of Regions Financial from $19.50 to $18.00 and set a “strong-buy” rating for the company in a report on Monday, April 22nd. Bank of America cut shares of Regions Financial from a “buy” rating to a “neutral” rating and decreased their price objective for the company from $18.00 to $16.00 in a report on Thursday, July 11th. Finally, Macquarie cut shares of Regions Financial from a “neutral” rating to an “underperform” rating in a report on Tuesday, April 23rd. Three equities research analysts have rated the stock with a sell rating, five have given a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company’s stock. Regions Financial presently has a consensus rating of “Hold” and an average target price of $17.33.

In related news, insider Hardie B. Kimbrough, Jr. sold 7,148 shares of the firm’s stock in a transaction that occurred on Friday, August 9th. The shares were sold at an average price of $14.68, for a total transaction of $104,932.64. Following the completion of the sale, the insider now directly owns 34,482 shares in the company, valued at $506,195.76. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, COO John B. Owen sold 40,000 shares of the firm’s stock in a transaction that occurred on Friday, August 9th. The stock was sold at an average price of $14.63, for a total transaction of $585,200.00. Following the sale, the chief operating officer now owns 87,152 shares of the company’s stock, valued at $1,275,033.76. The disclosure for this sale can be found here. Company insiders own 0.28% of the company’s stock.

A number of large investors have recently modified their holdings of the stock. KG&L Capital Management LLC boosted its stake in Regions Financial by 6.2% in the 2nd quarter. KG&L Capital Management LLC now owns 50,101 shares of the bank’s stock worth $748,000 after purchasing an additional 2,938 shares during the period. Lee Danner & Bass Inc. boosted its stake in Regions Financial by 70.8% in the 2nd quarter. Lee Danner & Bass Inc. now owns 150,140 shares of the bank’s stock worth $2,243,000 after purchasing an additional 62,247 shares during the period. Country Club Trust Company n.a. boosted its stake in Regions Financial by 13.5% in the 1st quarter. Country Club Trust Company n.a. now owns 448,875 shares of the bank’s stock worth $6,352,000 after purchasing an additional 53,319 shares during the period. Investors Asset Management of Georgia Inc. GA ADV boosted its stake in Regions Financial by 2.3% in the 1st quarter. Investors Asset Management of Georgia Inc. GA ADV now owns 48,520 shares of the bank’s stock worth $687,000 after purchasing an additional 1,100 shares during the period. Finally, American Asset Management Inc. acquired a new position in Regions Financial in the 1st quarter worth approximately $261,000. Hedge funds and other institutional investors own 71.89% of the company’s stock.

Shares of NYSE:RF traded down $0.09 during trading hours on Thursday, hitting $13.57. The stock had a trading volume of 14,389,823 shares, compared to its average volume of 12,241,277. The stock’s fifty day simple moving average is $15.08 and its 200 day simple moving average is $15.06. Regions Financial has a 1-year low of $12.39 and a 1-year high of $19.99. The firm has a market capitalization of $13.65 billion, a price-to-earnings ratio of 9.98, a PEG ratio of 1.32 and a beta of 1.49. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.88 and a current ratio of 0.89.

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 1st. Stockholders of record on Friday, September 6th will be issued a $0.155 dividend. The ex-dividend date of this dividend is Thursday, September 5th. This is a boost from Regions Financial’s previous quarterly dividend of $0.14. This represents a $0.62 annualized dividend and a dividend yield of 4.57%. Regions Financial’s dividend payout ratio (DPR) is 41.18%.

Regions Financial declared that its board has initiated a stock repurchase plan on Thursday, June 27th that authorizes the company to repurchase $1.37 billion in shares. This repurchase authorization authorizes the bank to repurchase up to 9% of its stock through open market purchases. Stock repurchase plans are usually a sign that the company’s board of directors believes its stock is undervalued.

About Regions Financial

Regions Financial Corporation, a financial holding company, provides banking and bank-related services to individual and corporate customers in the United States. 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 services; corresponding deposit products; and securities underwriting and placement, loan syndication and placement, foreign exchange, derivatives, merger and acquisition, and other advisory services.

See Also: What is an SEC Filing?

Get a free copy of the Zacks research report on Regions Financial (RF)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Earnings History and Estimates for Regions Financial (NYSE:RF)

Receive News & Ratings for Regions Financial Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Regions Financial and related companies with MarketBeat.com's FREE daily email newsletter.