News coverage about Regions Financial Corporation (NYSE:RF) has trended somewhat positive recently, according to Accern Sentiment. The research firm identifies negative and positive media coverage by analyzing more than twenty million news and blog sources in real time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Regions Financial Corporation earned a media sentiment score of 0.08 on Accern’s scale. Accern also assigned press coverage about the bank an impact score of 45.2863681221903 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the next several days.
These are some of the news stories that may have effected Accern Sentiment’s scoring:
- Regions Financial Corporation (RF) Scheduled to Post Quarterly Earnings on Tuesday (americanbankingnews.com)
- Interesting RF Put And Call Options For January 2020 (nasdaq.com)
- Equities Analysts Offer Predictions for Regions Financial Corporation’s Q1 2018 Earnings (RF) (americanbankingnews.com)
- Banker Learned Early to Serve the Hungry, Feed Souls (finance.yahoo.com)
- Regions Financial Corporation to Post FY2017 Earnings of $1.00 Per Share, FBR & Co Forecasts (RF) (americanbankingnews.com)
A number of analysts have recently issued reports on the stock. FBR & Co downgraded shares of Regions Financial Corporation from a “buy” rating to a “neutral” rating and set a $16.00 price target on the stock. in a report on Tuesday, October 10th. Citigroup Inc. restated a “neutral” rating and set a $16.00 target price (up previously from $15.00) on shares of Regions Financial Corporation in a research note on Monday, October 9th. Keefe, Bruyette & Woods restated a “hold” rating and set a $15.00 target price on shares of Regions Financial Corporation in a research note on Tuesday, October 3rd. Robert W. Baird lowered shares of Regions Financial Corporation from a “neutral” rating to an “underperform” rating and set a $13.00 target price for the company. in a report on Monday, October 2nd. Finally, Piper Jaffray Companies reissued a “hold” rating and issued a $14.50 target price on shares of Regions Financial Corporation in a report on Tuesday, September 19th. Four investment analysts have rated the stock with a sell rating, sixteen have assigned a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company. The company currently has an average rating of “Hold” and an average target price of $14.95.
Shares of Regions Financial Corporation (RF) opened at 14.96 on Tuesday. The stock has a market capitalization of $17.88 billion, a PE ratio of 15.63 and a beta of 1.34. The firm has a 50-day moving average price of $14.41 and a 200 day moving average price of $14.30. Regions Financial Corporation has a one year low of $9.87 and a one year high of $16.03.
Regions Financial Corporation (NYSE:RF) last released its earnings results on Friday, July 21st. The bank reported $0.25 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.24 by $0.01. Regions Financial Corporation had a return on equity of 7.51% and a net margin of 20.25%. The firm had revenue of $1.42 billion during the quarter, compared to analyst estimates of $1.43 billion. During the same period in the prior year, the firm posted $0.20 earnings per share. The business’s quarterly revenue was up 2.0% compared to the same quarter last year. On average, equities analysts expect that Regions Financial Corporation will post $1.00 EPS for the current fiscal year.
Regions Financial Corporation announced that its Board of Directors has initiated a stock buyback plan on Wednesday, June 28th that permits the company to buyback $1.47 billion in outstanding shares. This buyback authorization permits the bank to buy up to 8.7% of its stock through open market purchases. Stock buyback plans are typically a sign that the company’s leadership believes its stock is undervalued.
The firm also recently declared a quarterly dividend, which was paid on Friday, September 29th. Investors of record on Friday, September 8th were issued a $0.09 dividend. The ex-dividend date of this dividend was Thursday, September 7th. This represents a $0.36 dividend on an annualized basis and a yield of 2.41%. This is an increase from Regions Financial Corporation’s previous quarterly dividend of $0.07. Regions Financial Corporation’s dividend payout ratio is currently 37.89%.
In other news, EVP Fournier J. Gale III sold 35,825 shares of the stock in a transaction that occurred on Tuesday, July 25th. The stock was sold at an average price of $14.59, for a total transaction of $522,686.75. Following the sale, the executive vice president now directly owns 109,318 shares in the company, valued at approximately $1,594,949.62. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Susan W. Matlock sold 10,000 shares of the stock in a transaction that occurred on Friday, August 4th. The stock was sold at an average price of $15.23, for a total value of $152,300.00. Following the sale, the director now owns 32,188 shares in the company, valued at $490,223.24. The disclosure for this sale can be found here. Insiders have sold 124,514 shares of company stock worth $1,846,733 in the last 90 days. 0.52% of the stock is currently owned by insiders.
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Regions Financial Corporation Company Profile
Regions Financial Corporation is a financial holding company. The Company conducts its banking operations through Regions Bank, an Alabama state-chartered commercial bank, which is a member of the Federal Reserve System. It operates in three segments: Corporate Bank, which represents its commercial banking functions, including commercial and industrial, commercial real estate and investor real estate lending; Consumer Bank, which represents its branch network, including consumer banking products and services related to residential first mortgages, home equity lines and loans, small business loans, indirect loans, consumer credit cards and other consumer loans, as well as the corresponding deposit relationships, and Wealth Management, which offers individuals, businesses, governmental institutions and non-profit entities a range of solutions to enable transfer of wealth.
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