Regions Financial Co. Announces Quarterly Dividend of $0.25 (NYSE:RF)

Regions Financial Co. (NYSE:RF) declared a quarterly dividend on Wednesday, April 16th, RTT News reports. Stockholders of record on Friday, May 2nd will be paid a dividend of 0.25 per share by the bank on Tuesday, July 1st. This represents a $1.00 annualized dividend and a dividend yield of 5.19%. The ex-dividend date is Monday, June 2nd.

Regions Financial has raised its dividend by an average of 14.7% annually over the last three years and has raised its dividend every year for the last 12 years. Regions Financial has a payout ratio of 40.8% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Regions Financial to earn $2.48 per share next year, which means the company should continue to be able to cover its $1.00 annual dividend with an expected future payout ratio of 40.3%.

Regions Financial Trading Up 0.5 %

Shares of NYSE:RF opened at $19.26 on Friday. The company has a current ratio of 0.84, a quick ratio of 0.83 and a debt-to-equity ratio of 0.37. The stock has a market capitalization of $17.44 billion, a PE ratio of 9.93, a P/E/G ratio of 1.93 and a beta of 1.01. Regions Financial has a 1 year low of $17.72 and a 1 year high of $27.96. The firm has a fifty day moving average price of $21.69 and a 200 day moving average price of $23.58.

Regions Financial (NYSE:RF) last issued its quarterly earnings data on Thursday, April 17th. The bank reported $0.54 EPS for the quarter, beating analysts’ consensus estimates of $0.51 by $0.03. The business had revenue of $1.81 billion for the quarter, compared to analyst estimates of $1.84 billion. Regions Financial had a return on equity of 12.83% and a net margin of 20.20%. During the same quarter in the prior year, the firm posted $0.37 EPS. Analysts expect that Regions Financial will post 2.26 EPS for the current fiscal year.

Insiders Place Their Bets

In other Regions Financial news, Director Joia M. Johnson acquired 2,300 shares of Regions Financial stock in a transaction dated Tuesday, March 11th. The stock was bought at an average cost of $21.18 per share, for a total transaction of $48,714.00. Following the purchase, the director now directly owns 17,486 shares in the company, valued at approximately $370,353.48. This represents a 15.15 % increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through this link. In the last 90 days, insiders bought 3,343 shares of company stock worth $74,348. Corporate insiders own 0.29% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on the stock. Wells Fargo & Company dropped their price objective on shares of Regions Financial from $28.00 to $26.00 and set an “equal weight” rating on the stock in a report on Friday, March 28th. Citigroup lowered their price objective on shares of Regions Financial from $28.00 to $25.00 and set a “buy” rating for the company in a research report on Monday, March 24th. Barclays upped their price objective on Regions Financial from $25.00 to $26.00 and gave the stock an “underweight” rating in a report on Monday, January 6th. Morgan Stanley dropped their target price on Regions Financial from $29.00 to $22.00 and set an “equal weight” rating for the company in a research report on Monday, April 7th. Finally, Truist Financial lowered their price objective on Regions Financial from $26.00 to $24.00 and set a “hold” rating for the company in a research report on Friday, March 21st. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and eleven have issued a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $26.42.

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.