Regions Financial Corp (NYSE:RF) declared a quarterly dividend on Thursday, February 8th, RTT News reports. Investors of record on Friday, March 9th will be paid a dividend of 0.09 per share by the bank on Monday, April 2nd. This represents a $0.36 dividend on an annualized basis and a dividend yield of 2.01%.
Regions Financial has raised its dividend payment by an average of 21.9% annually over the last three years and has raised its dividend annually for the last 5 consecutive years. Regions Financial has a payout ratio of 36.4% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Regions Financial to earn $1.49 per share next year, which means the company should continue to be able to cover its $0.36 annual dividend with an expected future payout ratio of 24.2%.
Shares of Regions Financial (NYSE RF) traded down $1.07 during trading hours on Thursday, hitting $17.90. 16,320,000 shares of the company were exchanged, compared to its average volume of 10,620,000. The company has a current ratio of 0.86, a quick ratio of 0.86 and a debt-to-equity ratio of 0.53. Regions Financial has a 1 year low of $13.00 and a 1 year high of $19.90. The company has a market cap of $20,760.00, a P/E ratio of 17.90, a price-to-earnings-growth ratio of 1.39 and a beta of 1.32.
In related news, EVP Scott M. Peters sold 25,627 shares of Regions Financial stock in a transaction that occurred on Wednesday, January 24th. The shares were sold at an average price of $19.50, for a total transaction of $499,726.50. Following the transaction, the executive vice president now directly owns 240,796 shares of the company’s stock, valued at $4,695,522. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, Director John E. D. D. S. Maupin, Jr. sold 15,000 shares of Regions Financial stock in a transaction that occurred on Tuesday, December 5th. The shares were sold at an average price of $17.04, for a total transaction of $255,600.00. Following the transaction, the director now directly owns 59,436 shares in the company, valued at $1,012,789.44. The disclosure for this sale can be found here. Company insiders own 0.52% of the company’s stock.
Several analysts have issued reports on the stock. Morgan Stanley raised their price objective on shares of Regions Financial from $20.00 to $21.00 and gave the stock an “equal weight” rating in a research note on Friday, February 2nd. Barclays reissued a “sell” rating and issued a $20.00 price objective on shares of Regions Financial in a research note on Tuesday, January 23rd. Piper Jaffray Companies reissued a “hold” rating and issued a $18.00 price objective on shares of Regions Financial in a research note on Friday, January 19th. Royal Bank of Canada reissued a “hold” rating and issued a $18.00 price objective on shares of Regions Financial in a research note on Sunday, January 21st. Finally, Sandler O’Neill raised shares of Regions Financial from a “hold” rating to a “buy” rating in a research note on Monday, January 22nd. Three equities research analysts have rated the stock with a sell rating, eighteen have issued a hold rating, four have issued a buy rating and two have given a strong buy rating to the company’s stock. Regions Financial currently has an average rating of “Hold” and a consensus target price of $17.24.
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Regions Financial Company Profile
Regions Financial Corporation is a financial holding company. The Company conducts its banking operations through Regions Bank, an Alabama state-chartered commercial bank, which is a member of the Federal Reserve System. It operates in three segments: Corporate Bank, which represents its commercial banking functions, including commercial and industrial, commercial real estate and investor real estate lending; Consumer Bank, which represents its branch network, including consumer banking products and services related to residential first mortgages, home equity lines and loans, small business loans, indirect loans, consumer credit cards and other consumer loans, as well as the corresponding deposit relationships, and Wealth Management, which offers individuals, businesses, governmental institutions and non-profit entities a range of solutions to enable transfer of wealth.
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