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

Regions Financial Co. (NYSE:RF) declared a quarterly dividend on Wednesday, February 12th,RTT News reports. Shareholders 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 annualized dividend and a dividend yield of 4.16%. The ex-dividend date is Monday, March 3rd.

Regions Financial has increased its dividend payment by an average of 14.7% annually 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 40.2% indicating that its dividend is sufficiently covered by earnings. 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 0.1 %

NYSE RF opened at $24.03 on Friday. Regions Financial has a 12 month low of $17.72 and a 12 month high of $27.96. 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 50 day moving average of $24.31 and a 200-day moving average of $23.79. The company has a market cap of $21.84 billion, a PE ratio of 12.38, a PEG ratio of 1.97 and a beta of 1.20.

Regions Financial (NYSE:RF) last announced its quarterly earnings results on Friday, January 17th. The bank reported $0.56 EPS 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 firm had revenue of $1.82 billion during the quarter, compared to analysts’ expectations of $1.86 billion. During the same quarter last year, the company posted $0.39 earnings per share. The company’s revenue for the quarter was up .2% compared to the same quarter last year. On average, equities research analysts anticipate that Regions Financial will post 2.26 EPS for the current fiscal year.

Analyst Ratings Changes

RF has been the subject of a number of research analyst reports. Barclays lifted their price target on Regions Financial from $25.00 to $26.00 and gave the stock an “underweight” rating in a report on Monday, January 6th. Truist Financial lifted their target price on Regions Financial from $25.00 to $26.00 and gave the stock a “hold” rating in a research note on Tuesday, January 21st. Citigroup increased their price target on Regions Financial from $26.00 to $30.00 and gave the company a “buy” rating in a research note on Thursday, November 21st. StockNews.com raised shares of Regions Financial from a “sell” rating to a “hold” rating in a research report on Friday, October 25th. Finally, Argus upgraded shares of Regions Financial from a “hold” rating to a “buy” rating and set a $26.00 target price for the company in a research note on Thursday, October 24th. One investment 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’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price 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.