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

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 paid 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 dividend yield of 4.17%.

Regions Financial has raised its dividend payment 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 dividend 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

NYSE:RF opened at $23.99 on Thursday. The company’s 50-day moving average is $24.36 and its two-hundred day moving average is $23.79. Regions Financial has a 1-year low of $17.61 and a 1-year high of $27.96. The company has a debt-to-equity ratio of 0.37, a current ratio of 0.84 and a quick ratio of 0.83. The firm has a market capitalization of $21.80 billion, a price-to-earnings ratio of 12.37, a PEG ratio of 1.97 and a beta of 1.20.

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

Analyst Ratings Changes

A number of research firms have recently weighed in on RF. Barclays increased their price target on Regions Financial from $25.00 to $26.00 and gave the stock an “underweight” rating in a report on Monday, January 6th. Keefe, Bruyette & Woods raised shares of Regions Financial from a “market perform” rating to an “outperform” rating and increased their target price for the stock from $27.00 to $28.00 in a research note on Thursday, October 31st. Truist Financial lifted their price target on shares of Regions Financial from $25.00 to $26.00 and gave the company a “hold” rating in a research report on Tuesday, January 21st. The Goldman Sachs Group upped their price objective on shares of Regions Financial from $29.00 to $33.00 and gave the stock a “buy” rating in a report on Tuesday, November 26th. Finally, Compass Point lifted their target price on shares of Regions Financial from $25.00 to $31.00 and gave the company a “buy” rating in a report on Tuesday, December 10th. One 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 stock. According to MarketBeat.com, Regions Financial has an average 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.