Regions Financial Co. (RF) To Go Ex-Dividend on March 3rd

Regions Financial Co. (NYSE:RF) declared 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 annualized dividend and a yield of 4.16%. The ex-dividend date of this dividend is Monday, March 3rd.

Regions Financial has increased its dividend payment 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 dividend payout ratio of 40.2% indicating that its dividend is sufficiently covered by earnings. Equities 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 Performance

Shares of Regions Financial stock opened at $24.03 on Friday. The firm has a fifty day moving average of $24.31 and a two-hundred day moving average of $23.79. 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 stock has a market capitalization of $21.84 billion, a price-to-earnings ratio of 12.38, a PEG ratio of 1.97 and a beta of 1.20. Regions Financial has a 52 week low of $17.72 and a 52 week high of $27.96.

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. 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 during the quarter, compared to the consensus estimate of $1.86 billion. During the same quarter in the prior year, the company posted $0.39 earnings per share. The firm’s revenue was up .2% on a year-over-year basis. As a group, equities research analysts predict that Regions Financial will post 2.26 EPS for the current year.

Analyst Ratings Changes

RF has been the topic of several recent analyst reports. Deutsche Bank Aktiengesellschaft raised shares of Regions Financial from a “hold” rating to a “buy” rating and lifted their price objective for the stock from $24.00 to $26.00 in a research note on Thursday, October 24th. Barclays increased their target price on shares of Regions Financial from $25.00 to $26.00 and gave the stock an “underweight” rating in a report on Monday, January 6th. Morgan Stanley reissued an “equal weight” rating and issued a $32.00 price target (up previously from $28.00) on shares of Regions Financial in a report on Monday, December 9th. Keefe, Bruyette & Woods upgraded shares of Regions Financial from a “market perform” rating to an “outperform” rating and upped their price objective for the company from $27.00 to $28.00 in a research report on Thursday, October 31st. Finally, Wedbush lifted their target price on Regions Financial from $28.00 to $30.00 and gave the stock an “outperform” rating in a report on Monday, October 21st. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and eleven have given a buy rating to the stock. According to data from MarketBeat.com, Regions Financial presently has an average rating of “Moderate Buy” and an average target price 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.