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

Regions Financial Co. (NYSE:RF) declared a quarterly dividend on Wednesday, October 16th, RTT News reports. Shareholders of record on Monday, December 2nd will be given a dividend of 0.25 per share by the bank on Thursday, January 2nd. This represents a $1.00 annualized dividend and a dividend yield of 4.17%.

Regions Financial has increased its dividend by an average of 12.4% per year over the last three years and has increased its dividend every year for the last 12 years. Regions Financial has a dividend payout ratio of 44.8% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Regions Financial to earn $2.21 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 45.2%.

Regions Financial Price Performance

RF stock opened at $23.99 on Thursday. The firm has a market cap of $21.97 billion, a P/E ratio of 13.04, a P/E/G ratio of 2.80 and a beta of 1.17. The firm’s fifty day moving average is $22.52 and its 200 day moving average is $20.83. Regions Financial has a 52 week low of $13.72 and a 52 week high of $24.33. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.83 and a current ratio of 0.83.

Regions Financial (NYSE:RF) last released its quarterly earnings data on Friday, July 19th. The bank reported $0.52 earnings per share for the quarter, topping the consensus estimate of $0.49 by $0.03. The business had revenue of $1.73 billion during the quarter, compared to analysts’ expectations of $1.76 billion. Regions Financial had a return on equity of 12.64% and a net margin of 18.91%. The business’s revenue was down 11.5% on a year-over-year basis. During the same quarter last year, the business posted $0.59 EPS. Research analysts predict that Regions Financial will post 2.02 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several analysts have weighed in on the company. Royal Bank of Canada lifted their price objective on Regions Financial from $21.00 to $23.00 and gave the company an “outperform” rating in a research report on Monday, July 22nd. Wedbush upgraded shares of Regions Financial from a “neutral” rating to an “outperform” rating and boosted their target price for the company from $23.00 to $28.00 in a report on Tuesday, September 24th. The Goldman Sachs Group upped their target price on shares of Regions Financial from $25.00 to $28.00 and gave the stock a “buy” rating in a research report on Monday, October 7th. Jefferies Financial Group lifted their price target on shares of Regions Financial from $22.00 to $24.00 and gave the company a “buy” rating in a research report on Wednesday, July 3rd. Finally, Evercore ISI raised their target price on shares of Regions Financial from $24.50 to $26.00 and gave the company an “in-line” rating in a research note on Wednesday, October 2nd. One equities research analyst has rated the stock with a sell rating, twelve have issued a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $22.86.

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.