News coverage about Regions Financial (NYSE:RF) has been trending somewhat positive recently, Accern Sentiment Analysis reports. Accern identifies positive and negative news coverage by reviewing more than twenty million news and blog sources. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Regions Financial earned a news impact score of 0.20 on Accern’s scale. Accern also assigned headlines about the bank an impact score of 45.8634288244359 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the next several days.
Here are some of the headlines that may have effected Accern Sentiment’s analysis:
RF has been the subject of a number of recent research reports. ValuEngine cut shares of Regions Financial from a “buy” rating to a “hold” rating in a research note on Monday, April 2nd. Royal Bank of Canada reiterated a “hold” rating and set a $18.00 price target on shares of Regions Financial in a research note on Sunday, January 21st. Barclays reiterated a “sell” rating and set a $20.00 price target on shares of Regions Financial in a research note on Tuesday, January 23rd. Morgan Stanley upped 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 report on Friday, February 2nd. Finally, Piper Jaffray restated a “hold” rating and set a $18.00 price objective on shares of Regions Financial in a research report on Friday, January 19th. Three investment analysts have rated the stock with a sell rating, fifteen have given a hold rating, four have given a buy rating and two have given a strong buy rating to the company. The stock has an average rating of “Hold” and a consensus target price of $17.56.
Shares of Regions Financial traded up $0.19, reaching $19.39, during trading hours on Tuesday, according to Marketbeat.com. The company had a trading volume of 13,354,321 shares, compared to its average volume of 11,383,978. The company has a quick ratio of 0.85, a current ratio of 0.86 and a debt-to-equity ratio of 0.53. The company has a market capitalization of $21.70 billion, a PE ratio of 19.39, a P/E/G ratio of 0.98 and a beta of 1.26. Regions Financial has a 12-month low of $19.19 and a 12-month high of $19.45.
Regions Financial (NYSE:RF) last announced its quarterly earnings results on Friday, April 20th. The bank reported $0.35 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.31 by $0.04. Regions Financial had a net margin of 22.06% and a return on equity of 8.75%. The business had revenue of $1.42 billion during the quarter, compared to the consensus estimate of $1.44 billion. During the same quarter last year, the firm posted $0.23 EPS. research analysts anticipate that Regions Financial will post 1.4 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Monday, July 2nd. Shareholders of record on Friday, June 8th will be issued a dividend of $0.09 per share. The ex-dividend date is Thursday, June 7th. This represents a $0.36 annualized dividend and a yield of 1.86%. Regions Financial’s dividend payout ratio (DPR) is currently 36.00%.
In other Regions Financial news, Chairman Grayson Hall sold 193,228 shares of the firm’s stock in a transaction dated Thursday, May 10th. The shares were sold at an average price of $19.34, for a total transaction of $3,737,029.52. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO David J. Turner, Jr. sold 46,374 shares of the firm’s stock in a transaction dated Thursday, May 10th. The shares were sold at an average price of $19.34, for a total transaction of $896,873.16. The disclosure for this sale can be found here. Insiders have sold a total of 572,337 shares of company stock valued at $10,931,520 over the last 90 days. 0.84% of the stock is currently owned by insiders.
About Regions Financial
Regions Financial Corporation, together with its subsidiaries, provides banking and bank-related services to individual and corporate customers in the United States. Its Corporate Bank segment offers commercial banking services, such as commercial and industrial, commercial real estate, and investor real estate lending, as well as equipment lease financing services and corresponding deposits.
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