Regions Financial Corp. Announces Quarterly Dividend of $0.03 (RF)
Regions Financial Corp. (NYSE:RF) declared a quarterly dividend on Wednesday, January 15th, Stock Ratings News reports. Shareholders of record on Friday, March 14th will be given a dividend of 0.03 per share on Tuesday, April 1st. This represents a $0.12 dividend on an annualized basis and a yield of 1.16%.
A number of research firms have recently commented on RF. Analysts at Janney Montgomery Scott initiated coverage on shares of Regions Financial Corp. in a research note to investors on Tuesday. They set a “buy” rating on the stock. On a related note, analysts at Deutsche Bank upgraded shares of Regions Financial Corp. from a “hold” rating to a “buy” rating in a research note to investors on Friday, January 3rd. They now have a $12.00 price target on the stock, up previously from $10.00. Finally, analysts at Zacks reiterated a “neutral” rating on shares of Regions Financial Corp. in a research note to investors on Thursday, December 19th. They now have a $10.00 price target on the stock. One investment analyst has rated the stock with a sell rating, six have issued a hold rating, seventeen have assigned a buy rating and one has given a strong buy rating to the company. The stock has an average rating of “Buy” and a consensus price target of $10.10.
Regions Financial Corp. (NYSE:RF) traded up 2.51% on Wednesday, hitting $10.63. The stock had a trading volume of 22,993,176 shares. Regions Financial Corp. has a 52 week low of $7.30 and a 52 week high of $10.52. The stock has a 50-day moving average of $9.81 and a 200-day moving average of $9.74. The company has a market cap of $14.643 billion and a price-to-earnings ratio of 13.09.
Regions Financial Corporation (NYSE:RF) is a financial holding company.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.