Regions Financial Corporation (RF) To Go Ex-Dividend on September 1st

Regions Financial Corporation (NYSE:RF) announced a quarterly dividend on Wednesday, July 15th. Shareholders of record on Tuesday, September 1st will be paid a dividend of 0.30 per share by the bank on Thursday, October 1st. This represents a c) dividend on an annualized basis and a yield of 4.0%. The ex-dividend date is Tuesday, September 1st. This is a 13.2% increase from Regions Financial’s previous quarterly dividend of $0.27.

Regions Financial has raised its dividend by an average of 0.1%per year over the last three years and has increased its dividend annually for the last 12 consecutive years. Regions Financial has a dividend payout ratio of 48.8% indicating that its dividend is sufficiently covered by earnings. Analysts expect Regions Financial to earn $2.84 per share next year, which means the company should continue to be able to cover its $1.20 annual dividend with an expected future payout ratio of 42.3%.

Regions Financial Trading Down 0.2%

NYSE:RF opened at $30.35 on Friday. Regions Financial has a 1 year low of $22.70 and a 1 year high of $32.47. The stock’s fifty day moving average price is $30.84 and its two-hundred day moving average price is $28.81. The company has a debt-to-equity ratio of 0.26, a current ratio of 0.81 and a quick ratio of 0.81. The company has a market cap of $25.86 billion, a P/E ratio of 12.39, a P/E/G ratio of 1.16 and a beta of 1.00.

Regions Financial (NYSE:RF) last announced its quarterly earnings results on Friday, July 17th. The bank reported $0.68 earnings per share for the quarter, beating the consensus estimate of $0.63 by $0.05. Regions Financial had a return on equity of 12.88% and a net margin of 23.33%.The company had revenue of $1.95 billion during the quarter, compared to analysts’ expectations of $1.94 billion. During the same period in the previous year, the business earned $0.60 earnings per share. The firm’s quarterly revenue was up .1% compared to the same quarter last year. As a group, analysts expect that Regions Financial will post 2.63 EPS for the current year.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on the company. Robert W. Baird reaffirmed an “underperform” rating and set a $28.00 target price on shares of Regions Financial in a report on Monday, July 6th. DA Davidson increased their price target on shares of Regions Financial from $33.00 to $34.00 and gave the stock a “neutral” rating in a report on Monday, July 20th. UBS Group boosted their price objective on shares of Regions Financial from $29.00 to $33.00 and gave the company a “neutral” rating in a research note on Tuesday, July 7th. Keefe, Bruyette & Woods upped their target price on shares of Regions Financial from $32.00 to $33.00 and gave the stock a “market perform” rating in a report on Monday, July 20th. Finally, Wells Fargo & Company increased their target price on shares of Regions Financial from $28.00 to $30.00 and gave the stock an “underweight” rating in a research note on Monday, July 6th. Six investment analysts have rated the stock with a Buy rating, ten have given a Hold rating and four have given a Sell rating to the company. According to MarketBeat, Regions Financial currently has a consensus rating of “Hold” and an average target price of $32.24.

Regions Financial Company Profile

Regions Financial Corporation (NYSE: RF) is a U.S. bank holding company headquartered in Birmingham, Alabama, that provides a broad range of banking and financial services. Its primary banking subsidiary, Regions Bank, serves retail and commercial customers through a combination of branch and ATM networks, digital channels and relationship-based delivery. The company offers deposit accounts, consumer and commercial loans, mortgage origination and servicing, and payment and treasury services.

In addition to core banking, Regions offers wealth management, trust and brokerage services, insurance solutions, and capital markets capabilities to corporate and institutional clients.