Q3 2018 EPS Estimates for Regions Financial Corporation Lowered by Analyst (RF)

Q3 2018 EPS Estimates for Regions Financial Corporation Lowered by Analyst (RF)

Regions Financial Corporation (NYSE:RF) – Analysts at SunTrust Banks reduced their Q3 2018 earnings estimates for shares of Regions Financial Corporation in a research report issued to clients and investors on Monday. SunTrust Banks analyst J. Demba now expects that the firm will post earnings per share of $0.28 for the quarter, down from their prior estimate of $0.30. SunTrust Banks also issued estimates for Regions Financial Corporation’s Q4 2018 earnings at $0.29 EPS.

A number of other equities research analysts have also recently issued reports on the stock. Deutsche Bank AG upped their price objective on shares of Regions Financial Corporation from $10.50 to $13.00 and gave the company a “hold” rating in a research note on Wednesday, November 30th. Raymond James Financial, Inc. cut shares of Regions Financial Corporation from a “strong-buy” rating to an “outperform” rating and set a $10.50 price objective for the company. in a research note on Thursday, October 6th. Piper Jaffray Companies reaffirmed an “overweight” rating and issued a $11.50 price objective (up previously from $11.00) on shares of Regions Financial Corporation in a research note on Friday, October 21st. Sandler O’Neill cut shares of Regions Financial Corporation from a “buy” rating to a “hold” rating and set a $11.50 price objective for the company. in a research note on Tuesday, November 8th. Finally, Barclays PLC reiterated a “sell” rating and set a $10.00 price target on shares of Regions Financial Corporation in a report on Tuesday, October 11th. One research analyst has rated the stock with a sell rating, eighteen have issued a hold rating, five have given a buy rating and one has given a strong buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average target price of $11.71.

Regions Financial Corporation (NYSE:RF) traded down 1.122% during midday trading on Wednesday, reaching $14.535. 7,433,734 shares of the company’s stock were exchanged. Regions Financial Corporation has a 12-month low of $7.00 and a 12-month high of $14.93. The company has a market cap of $17.66 billion, a price-to-earnings ratio of 16.630 and a beta of 1.46. The firm has a 50-day moving average price of $14.39 and a 200 day moving average price of $11.37.

A number of large investors have recently added to or reduced their stakes in the company. Virtus Investment Advisers Inc. bought a new stake in Regions Financial Corporation during the third quarter valued at about $102,000. TradeLink Capital LLC bought a new stake in Regions Financial Corporation during the third quarter valued at about $103,000. Meiji Yasuda Asset Management Co Ltd. boosted its stake in Regions Financial Corporation by 6.2% in the second quarter. Meiji Yasuda Asset Management Co Ltd. now owns 12,215 shares of the company’s stock valued at $104,000 after buying an additional 710 shares during the last quarter. Paragon Capital Management Ltd boosted its stake in Regions Financial Corporation by 7.9% in the third quarter. Paragon Capital Management Ltd now owns 10,827 shares of the company’s stock valued at $107,000 after buying an additional 796 shares during the last quarter. Finally, Dorsey & Whitney Trust CO LLC boosted its stake in Regions Financial Corporation by 0.4% in the third quarter. Dorsey & Whitney Trust CO LLC now owns 10,847 shares of the company’s stock valued at $108,000 after buying an additional 48 shares during the last quarter. Institutional investors own 72.97% of the company’s stock.

In other news, EVP William E. Horton sold 12,000 shares of the stock in a transaction that occurred on Monday, November 21st. The shares were sold at an average price of $13.17, for a total value of $158,040.00. Following the transaction, the executive vice president now owns 19,434 shares in the company, valued at approximately $255,945.78. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Barbara Godin sold 35,000 shares of the stock in a transaction that occurred on Tuesday, January 24th. The stock was sold at an average price of $14.18, for a total transaction of $496,300.00. Following the completion of the transaction, the executive vice president now owns 18,086 shares in the company, valued at approximately $256,459.48. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 97,000 shares of company stock worth $1,303,840. Insiders own 0.88% of the company’s stock.

Regions Financial Corporation Company Profile

Regions Financial Corporation is a financial holding company. The Company conducts its banking operations through Regions Bank, an Alabama state-chartered commercial bank, which is a member of the Federal Reserve System. It operates in three segments: Corporate Bank, which represents its commercial banking functions, including commercial and industrial, commercial real estate and investor real estate lending; Consumer Bank, which represents its branch network, including consumer banking products and services related to residential first mortgages, home equity lines and loans, small business loans, indirect loans, consumer credit cards and other consumer loans, as well as the corresponding deposit relationships, and Wealth Management, which offers individuals, businesses, governmental institutions and non-profit entities a range of solutions to enable transfer of wealth.

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