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

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 paid a dividend of 0.25 per share by the bank on Tuesday, April 1st. This represents a $1.00 annualized dividend and a yield of 4.17%.

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. 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 Down 1.6 %

NYSE RF traded down $0.40 during midday trading on Wednesday, hitting $23.99. 6,645,106 shares of the company traded hands, compared to its average volume of 8,048,749. Regions Financial has a 52 week low of $17.61 and a 52 week high of $27.96. The company’s 50-day simple moving average is $24.36 and its 200-day simple moving average is $23.79. The company has a market cap of $21.80 billion, a PE ratio of 12.37, a price-to-earnings-growth ratio of 1.97 and a beta of 1.20. The company has a debt-to-equity ratio of 0.37, a current ratio of 0.84 and a quick ratio of 0.83.

Regions Financial (NYSE:RF) last issued its quarterly earnings data 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. The company had revenue of $1.82 billion for the quarter, compared to the consensus estimate of $1.86 billion. Regions Financial had a return on equity of 12.83% and a net margin of 20.20%. The firm’s revenue for the quarter was up .2% compared to the same quarter last year. During the same quarter last year, the company earned $0.39 earnings per share. As a group, equities research analysts forecast that Regions Financial will post 2.26 earnings per share for the current year.

Analyst Ratings Changes

A number of brokerages have recently issued reports on RF. DA Davidson lifted their price objective on shares of Regions Financial from $27.00 to $29.00 and gave the stock a “buy” rating in a research report on Monday, October 21st. Truist Financial lifted their price target on shares of Regions Financial from $25.00 to $26.00 and gave the stock a “hold” rating in a report on Tuesday, January 21st. Compass Point increased their price objective on Regions Financial from $25.00 to $31.00 and gave the company a “buy” rating in a report on Tuesday, December 10th. Morgan Stanley restated an “equal weight” rating and set a $32.00 target price (up from $28.00) on shares of Regions Financial in a research note on Monday, December 9th. Finally, 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. One investment analyst has rated the stock with a sell rating, seven have given 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 price target of $27.67.

Regions Financial Company Profile

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.