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

Regions Financial Co. (NYSE:RF - Get Free Report) announced a quarterly dividend on Wednesday, April 16th, RTT News reports. Stockholders of record on Friday, May 2nd will be paid a dividend of 0.25 per share by the bank on Tuesday, July 1st. This represents a $1.00 annualized dividend and a dividend yield of 5.19%. The ex-dividend date of this dividend is Monday, June 2nd.

Regions Financial has increased its dividend by an average of 14.7% annually over the last three years and has raised its dividend annually for the last 12 consecutive years. Regions Financial has a payout ratio of 40.8% indicating that 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 Price Performance

RF traded up $0.09 during trading on Friday, reaching $19.26. 18,651,917 shares of the stock were exchanged, compared to its average volume of 8,135,804. Regions Financial has a 1 year low of $17.72 and a 1 year high of $27.96. The company has a market capitalization of $17.44 billion, a price-to-earnings ratio of 9.93, a P/E/G ratio of 1.93 and a beta of 1.01. The business's 50 day moving average price is $21.59 and its two-hundred day moving average price is $23.56. The company has a debt-to-equity ratio of 0.37, a current ratio of 0.84 and a quick ratio of 0.83.

Regions Financial (NYSE:RF - Get Free Report) last posted its earnings results on Thursday, April 17th. The bank reported $0.54 earnings per share for the quarter, beating the consensus estimate of $0.51 by $0.03. Regions Financial had a net margin of 20.20% and a return on equity of 12.83%. The firm had revenue of $1.81 billion during the quarter, compared to the consensus estimate of $1.84 billion. During the same period last year, the firm posted $0.37 EPS. As a group, equities research analysts anticipate that Regions Financial will post 2.26 earnings per share for the current year.

Wall Street Analyst Weigh In

RF has been the subject of a number of recent research reports. Truist Financial dropped their price objective on Regions Financial from $26.00 to $24.00 and set a "hold" rating for the company in a research report on Friday, March 21st. Wells Fargo & Company decreased their target price on shares of Regions Financial from $28.00 to $26.00 and set an "equal weight" rating on the stock in a research report on Friday, March 28th. Citigroup reduced their price target on Regions Financial from $28.00 to $25.00 and set a "buy" rating on the stock in a research note on Monday, March 24th. JPMorgan Chase & Co. reduced their target price on Regions Financial from $26.00 to $23.00 and set a "neutral" rating on the stock in a research report on Thursday, April 3rd. Finally, Barclays upped their price objective 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. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and eleven have given a buy rating to the company. Based on data from MarketBeat, Regions Financial currently has a consensus rating of "Moderate Buy" and an average target price of $26.42.

Insider Buying and Selling

In other Regions Financial news, Director Joia M. Johnson acquired 2,300 shares of the firm's stock in a transaction on Tuesday, March 11th. The stock was purchased at an average price of $21.18 per share, with a total value of $48,714.00. Following the completion of the acquisition, the director now directly owns 17,486 shares in the company, valued at $370,353.48. This trade represents a 15.15 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Over the last quarter, insiders purchased 3,343 shares of company stock worth $74,348. Insiders own 0.29% of the company's stock.

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.