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

Regions Financial Co. (NYSE:RF - Get Free Report) declared a quarterly dividend on Wednesday, February 12th,RTT News reports. Shareholders 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 4.11%. The ex-dividend date is Monday, March 3rd.

Regions Financial has raised its dividend payment by an average of 14.7% annually over the last three years and has raised its dividend every year for the last 12 years. Regions Financial has a dividend payout ratio of 40.2% indicating that its dividend is sufficiently covered by earnings. Research 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 Up 1.1 %

RF stock traded up $0.27 during trading on Friday, reaching $24.32. The stock had a trading volume of 8,729,990 shares, compared to its average volume of 7,962,994. The company has a current ratio of 0.84, a quick ratio of 0.83 and a debt-to-equity ratio of 0.37. Regions Financial has a 1-year low of $17.72 and a 1-year high of $27.96. The firm has a fifty day moving average price of $24.23 and a 200 day moving average price of $23.83. The company has a market capitalization of $22.10 billion, a P/E ratio of 12.53, a PEG ratio of 1.97 and a beta of 1.20.

Regions Financial (NYSE:RF - Get Free Report) last posted its quarterly earnings results on Friday, January 17th. The bank reported $0.56 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.55 by $0.01. Regions Financial had a return on equity of 12.83% and a net margin of 20.20%. The business had revenue of $1.82 billion for the quarter, compared to analyst estimates of $1.86 billion. During the same period in the prior year, the company posted $0.39 EPS. The business's revenue was up .2% compared to the same quarter last year. On average, equities analysts anticipate that Regions Financial will post 2.26 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on RF shares. Morgan Stanley restated an "equal weight" rating and set a $32.00 price target (up previously from $28.00) on shares of Regions Financial in a research report on Monday, December 9th. StockNews.com raised Regions Financial from a "sell" rating to a "hold" rating in a report on Friday, October 25th. Citigroup increased their price objective on Regions Financial from $26.00 to $30.00 and gave the stock a "buy" rating in a report on Thursday, November 21st. Barclays lifted their target price on Regions Financial from $25.00 to $26.00 and gave the company an "underweight" rating in a research note on Monday, January 6th. Finally, The Goldman Sachs Group raised their price target on Regions Financial from $29.00 to $33.00 and gave the company a "buy" rating in a report on Tuesday, November 26th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and eleven have given a buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target 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.