Regions Financial Co. Declares 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 given 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 5.21%.

Regions Financial has increased its dividend payment 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. Research 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 Performance

Regions Financial stock traded down $0.23 during mid-day trading on Wednesday, reaching $19.20. 12,571,381 shares of the company’s stock were exchanged, compared to its average volume of 9,384,942. The firm has a market capitalization of $17.38 billion, a PE ratio of 9.90, a P/E/G ratio of 1.93 and a beta of 1.01. The company has a quick ratio of 0.83, a current ratio of 0.84 and a debt-to-equity ratio of 0.37. The business’s fifty day simple moving average is $21.90 and its 200 day simple moving average is $23.64. Regions Financial has a one year low of $17.72 and a one year high of $27.96.

Regions Financial (NYSE:RF) last issued its quarterly earnings results on Friday, January 17th. The bank reported $0.56 earnings per share for the quarter, topping 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 the consensus estimate of $1.86 billion. During the same period in the previous year, the firm earned $0.39 EPS. The firm’s quarterly revenue was up .2% on a year-over-year basis. On average, sell-side analysts expect that Regions Financial will post 2.26 earnings per share for the current year.

Insider Activity at Regions Financial

In other news, Director Joia M. Johnson bought 2,300 shares of Regions Financial stock in a transaction that occurred on Tuesday, March 11th. The shares were acquired at an average price of $21.18 per share, with a total value of $48,714.00. Following the completion of the purchase, the director now directly owns 17,486 shares in the company, valued at $370,353.48. The trade was a 15.15 % increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through this hyperlink. Insiders have purchased 3,343 shares of company stock valued at $74,348 over the last three months. 0.29% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

RF has been the subject of a number of research reports. JPMorgan Chase & Co. reduced their target price on shares of Regions Financial from $26.00 to $23.00 and set a “neutral” rating for the company in a research report on Thursday, April 3rd. Citigroup decreased their target price on Regions Financial from $28.00 to $25.00 and set a “buy” rating for the company in a research report on Monday, March 24th. Morgan Stanley dropped their price target on Regions Financial from $29.00 to $22.00 and set an “equal weight” rating on the stock in a research report on Monday, April 7th. Truist Financial decreased their price objective on Regions Financial from $26.00 to $24.00 and set a “hold” rating for the company in a report on Friday, March 21st. Finally, Barclays increased their target price on shares of Regions Financial from $25.00 to $26.00 and gave the stock an “underweight” rating in a research report on Monday, January 6th. One 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 company’s stock. According to data from MarketBeat.com, Regions Financial currently has an average 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.