Regions Financial Corp (NYSE:RF) declared a quarterly dividend on Wednesday, October 16th, Zacks reports. Investors of record on Friday, December 6th will be given a dividend of 0.155 per share by the bank on Thursday, January 2nd. This represents a $0.62 annualized dividend and a dividend yield of 3.73%. The ex-dividend date is Thursday, December 5th.
Shares of NYSE:RF opened at $16.61 on Tuesday. The firm has a 50 day moving average of $16.42 and a 200-day moving average of $15.27. Regions Financial has a 12 month low of $12.39 and a 12 month high of $17.35. The company has a current ratio of 0.88, a quick ratio of 0.88 and a debt-to-equity ratio of 0.60. The stock has a market capitalization of $16.05 billion, a PE ratio of 12.21, a PEG ratio of 1.52 and a beta of 1.56.
Regions Financial (NYSE:RF) last announced its quarterly earnings data on Tuesday, October 22nd. The bank reported $0.39 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.39. Regions Financial had a net margin of 23.78% and a return on equity of 10.88%. The business had revenue of $1.50 billion for the quarter, compared to analysts’ expectations of $1.48 billion. During the same period last year, the firm posted $0.50 earnings per share. The firm’s quarterly revenue was up 2.7% compared to the same quarter last year. On average, research analysts predict that Regions Financial will post 1.53 EPS for the current fiscal year.
A number of brokerages have recently issued reports on RF. Raymond James set a $18.50 price target on shares of Regions Financial and gave the stock a “buy” rating in a research report on Thursday, September 12th. ValuEngine upgraded shares of Regions Financial from a “sell” rating to a “hold” rating in a report on Wednesday, October 2nd. Morgan Stanley set a $16.00 price target on shares of Regions Financial and gave the company a “hold” rating in a research report on Friday, August 9th. BMO Capital Markets downgraded Regions Financial from an “outperform” rating to a “market perform” rating in a report on Monday, November 11th. Finally, UBS Group boosted their price objective on Regions Financial from $17.00 to $18.00 and gave the company a “buy” rating in a research note on Thursday, October 3rd. Three equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and six have assigned a buy rating to the company. The company has an average rating of “Hold” and a consensus target price of $16.61.
In related news, insider Hardie B. Kimbrough, Jr. sold 18,409 shares of the business’s stock in a transaction dated Thursday, October 24th. The stock was sold at an average price of $16.27, for a total value of $299,514.43. Following the completion of the sale, the insider now directly owns 20,009 shares of the company’s stock, valued at approximately $325,546.43. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP David R. Keenan sold 30,658 shares of the company’s stock in a transaction that occurred on Tuesday, November 26th. The stock was sold at an average price of $16.73, for a total value of $512,908.34. Following the transaction, the executive vice president now directly owns 133,675 shares in the company, valued at $2,236,382.75. The disclosure for this sale can be found here. Insiders have sold a total of 69,067 shares of company stock worth $1,141,023 in the last quarter. 0.28% of the stock is owned by corporate insiders.
About Regions Financial
Regions Financial Corporation, a financial holding company, provides banking and bank-related services to individual and corporate customers in the United States. 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 services; corresponding deposit products; and securities underwriting and placement, loan syndication and placement, foreign exchange, derivatives, merger and acquisition, and other advisory services.
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