Regions Financial Co. (RF) to Issue Quarterly Dividend of $0.25 on April 1st

Regions Financial Co. (NYSE:RF) declared a quarterly dividend on Wednesday, February 12th, RTT News reports. Investors of record on Monday, March 3rd will be given a dividend of 0.25 per share by the bank on Tuesday, April 1st. This represents a $1.00 dividend on an annualized basis and a dividend yield of 4.22%. The ex-dividend date of this dividend is Monday, March 3rd.

Regions Financial has raised its dividend payment by an average of 14.7% per year over the last three years and has raised its dividend annually for the last 12 consecutive years. Regions Financial has a dividend payout ratio of 40.2% meaning 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 Stock Up 1.3 %

RF opened at $23.71 on Friday. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.83 and a current ratio of 0.84. Regions Financial has a fifty-two week low of $17.72 and a fifty-two week high of $27.96. The firm’s fifty day moving average is $24.06 and its 200 day moving average is $24.00. The stock has a market cap of $21.47 billion, a price-to-earnings ratio of 12.22, a price-to-earnings-growth ratio of 1.93 and a beta of 1.20.

Regions Financial (NYSE:RF) last released its earnings results on Friday, January 17th. The bank reported $0.56 earnings per share for the quarter, beating analysts’ consensus estimates of $0.55 by $0.01. Regions Financial had a net margin of 20.20% and a return on equity of 12.83%. The company had revenue of $1.82 billion for the quarter, compared to analysts’ expectations of $1.86 billion. During the same quarter in the previous year, the company earned $0.39 EPS. Regions Financial’s revenue for the quarter was up .2% on a year-over-year basis. On average, sell-side analysts forecast that Regions Financial will post 2.26 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several analysts have commented on RF shares. Wells Fargo & Company boosted their price target on shares of Regions Financial from $24.00 to $28.00 and gave the stock an “equal weight” rating in a research note on Friday, November 15th. Citigroup boosted their price target on shares of Regions Financial from $26.00 to $30.00 and gave the stock a “buy” rating in a research note on Thursday, November 21st. Morgan Stanley reiterated an “equal weight” rating and issued a $32.00 price target (up previously from $28.00) on shares of Regions Financial in a research note on Monday, December 9th. Barclays boosted their price target on shares of Regions Financial from $25.00 to $26.00 and gave the stock an “underweight” rating in a research note on Monday, January 6th. Finally, Truist Financial boosted their price target on shares of Regions Financial from $25.00 to $26.00 and gave the stock a “hold” rating in a research note on Tuesday, January 21st. One analyst has rated the stock with a sell rating, seven have given a hold rating and eleven have assigned a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus 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.