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

Regions Financial Co. (NYSE:RF) declared a quarterly dividend on Wednesday, February 12th, RTT News reports. Stockholders 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 dividend yield of 4.22%. The ex-dividend date is Monday, March 3rd.

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

NYSE RF opened at $23.71 on Friday. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.83 and a current ratio of 0.84. The firm’s 50 day moving average price is $24.06 and its 200-day moving average price is $24.00. Regions Financial has a 52-week low of $17.72 and a 52-week high of $27.96. The company has a market cap of $21.47 billion, a PE ratio of 12.22, a P/E/G ratio of 1.93 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 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.55 by $0.01. Regions Financial had a net margin of 20.20% and a return on equity of 12.83%. The firm had revenue of $1.82 billion for the quarter, compared to the consensus estimate of $1.86 billion. During the same period last year, the firm earned $0.39 earnings per share. The company’s quarterly revenue was up .2% on a year-over-year basis. Sell-side analysts forecast that Regions Financial will post 2.26 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on RF. The Goldman Sachs Group increased their target price on shares of Regions Financial from $29.00 to $33.00 and gave the company a “buy” rating in a research report on Tuesday, November 26th. Citigroup increased their target price on shares of Regions Financial from $26.00 to $30.00 and gave the company a “buy” rating in a research report on Thursday, November 21st. Truist Financial increased their target price 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. Morgan Stanley reissued an “equal weight” rating and set a $32.00 target price (up previously from $28.00) on shares of Regions Financial in a research report on Monday, December 9th. Finally, Barclays increased their target price on shares of Regions Financial from $25.00 to $26.00 and gave the company an “underweight” rating in a research report on Monday, January 6th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and eleven have given a buy rating to the company. Based on data from MarketBeat.com, Regions Financial currently has an average rating of “Moderate Buy” and an average price target of $27.67.

About Regions Financial

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.