Regions Financial Corp (RF) Plans Quarterly Dividend of $0.05
Regions Financial Corp (NYSE:RF) declared a quarterly dividend on Thursday, July 17th, AnalystRatings.NET reports. Stockholders of record on Friday, September 12th will be given a dividend of 0.05 per share on Wednesday, October 1st. This represents a $0.20 dividend on an annualized basis and a yield of 1.88%.
A number of analysts have recently weighed in on RF shares. Analysts at Citigroup Inc. initiated coverage on shares of Regions Financial Corp in a research note on Thursday, July 3rd. They set a “neutral” rating on the stock. On the ratings front, analysts at Raymond James raised their price target on shares of Regions Financial Corp from $12.00 to $12.50 in a research note on Friday, June 27th. They now have a “strong-buy” rating on the stock. Finally, analysts at Zacks reiterated a “neutral” rating on shares of Regions Financial Corp in a research note on Thursday, June 12th. They now have a $11.00 price target on the stock. One research analyst has rated the stock with a sell rating, six have assigned a hold rating, thirteen have issued a buy rating and one has issued a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and an average target price of $11.00.
Shares of Regions Financial Corp (NYSE:RF) traded down 3.95% during mid-day trading on Thursday, hitting $10.21. The stock had a trading volume of 23,114,912 shares. Regions Financial Corp has a one year low of $8.84 and a one year high of $11.54. The stock’s 50-day moving average is $10.60 and its 200-day moving average is $10.48. The company has a market cap of $14.080 billion and a price-to-earnings ratio of 14.04.
Regions Financial Corp (NYSE:RF) last released its earnings data on Tuesday, April 22nd. The company reported $0.21 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.20 by $0.01. During the same quarter in the previous year, the company posted $0.23 earnings per share. Analysts expect that Regions Financial Corp will post $0.86 EPS for the current fiscal year.
Regions Financial Corporation (NYSE:RF) is a financial holding company.
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