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

Regions Financial Co. (NYSE:RF) announced a quarterly dividend on Wednesday, February 12th,RTT News reports. Investors of record on Monday, March 3rd will be given a dividend of 0.25 per share by the bank on Tuesday, April 1st. This represents a $1.00 dividend on an annualized basis and a yield of 4.17%.

Regions Financial has increased its dividend 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 payout ratio of 40.2% meaning its dividend is sufficiently covered by earnings. 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 Performance

Shares of NYSE:RF opened at $23.99 on Thursday. The firm has a 50 day moving average of $24.36 and a 200 day moving average of $23.79. The company has a quick ratio of 0.83, a current ratio of 0.84 and a debt-to-equity ratio of 0.37. The company has a market capitalization of $21.80 billion, a price-to-earnings ratio of 12.37, a price-to-earnings-growth ratio of 1.97 and a beta of 1.20. Regions Financial has a 52 week low of $17.61 and a 52 week high of $27.96.

Regions Financial (NYSE:RF) last released its quarterly earnings results on Friday, January 17th. The bank reported $0.56 EPS for the quarter, beating analysts’ consensus estimates of $0.55 by $0.01. Regions Financial had a return on equity of 12.83% and a net margin of 20.20%. The company had revenue of $1.82 billion during the quarter, compared to analysts’ expectations of $1.86 billion. During the same period last year, the business posted $0.39 earnings per share. The firm’s revenue was up .2% compared to the same quarter last year. On average, sell-side analysts predict that Regions Financial will post 2.26 earnings per share for the current fiscal year.

Analyst Ratings Changes

RF has been the topic of several research analyst reports. Barclays upped their price target on shares of Regions Financial from $25.00 to $26.00 and gave the company an “underweight” rating in a research note on Monday, January 6th. The Goldman Sachs Group raised their target price on Regions Financial from $29.00 to $33.00 and gave the stock a “buy” rating in a research note on Tuesday, November 26th. Truist Financial lifted their target price on Regions Financial from $25.00 to $26.00 and gave the stock a “hold” rating in a report on Tuesday, January 21st. Wedbush increased their price target on shares of Regions Financial from $28.00 to $30.00 and gave the stock an “outperform” rating in a report on Monday, October 21st. Finally, Piper Sandler lifted their price objective on shares of Regions Financial from $25.00 to $29.00 and gave the company a “neutral” rating in a research note on Tuesday, December 3rd. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and eleven have assigned a buy rating to the company’s stock. According to data from MarketBeat, Regions Financial currently has a consensus rating of “Moderate Buy” and an average target price 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.