News articles about Regions Financial Corporation (NYSE:RF) have trended positive recently, according to Accern Sentiment. Accern identifies positive and negative news coverage by reviewing more than twenty million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Regions Financial Corporation earned a news impact score of 0.31 on Accern’s scale. Accern also assigned media headlines about the bank an impact score of 53 out of 100, indicating that recent news coverage is somewhat likely to have an impact on the stock’s share price in the near term.
These are some of the media headlines that may have impacted Accern Sentiment’s scoring:
- The Utah Retirement Systems Purchases 200 Shares of Regions Financial Corp (RF) (theaviationweek.net)
- Regions Financial Corporation (RF) stock has a mean analyst rating of 2.80 – Stocks Gallery (stocksgallery.com)
- Regions Financial Corporation (RF) Earns Hold Rating from Royal Bank Of Canada (americanbankingnews.com)
- Factors to Note Before Buying Regions Financial Corporation (RF) (cote-ivoire.com)
- ETFs with exposure to Regions Financial Corp. : June 23, 2017 (finance.yahoo.com)
Several equities research analysts have recently commented on the stock. Wedbush restated an “outperform” rating and issued a $16.00 price target on shares of Regions Financial Corporation in a report on Tuesday, March 7th. Royal Bank Of Canada restated a “hold” rating and issued a $15.00 price target on shares of Regions Financial Corporation in a report on Thursday, May 18th. FBR & Co set a $18.00 price target on shares of Regions Financial Corporation and gave the company a “buy” rating in a report on Wednesday, April 19th. Argus lowered shares of Regions Financial Corporation from a “buy” rating to a “hold” rating and set a $15.00 price target for the company. in a report on Monday, May 1st. Finally, Jefferies Group LLC restated a “hold” rating and issued a $16.00 price target on shares of Regions Financial Corporation in a report on Monday, May 15th. One analyst has rated the stock with a sell rating, eighteen have issued a hold rating and seven have assigned a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of $14.08.
Regions Financial Corporation (RF) traded up 0.36% during mid-day trading on Wednesday, reaching $14.05. 14,974,411 shares of the company’s stock traded hands. The stock has a market capitalization of $16.89 billion, a PE ratio of 15.44 and a beta of 1.34. Regions Financial Corporation has a 52 week low of $7.80 and a 52 week high of $16.03. The stock’s 50 day moving average is $14.14 and its 200-day moving average is $14.43.
Regions Financial Corporation (NYSE:RF) last issued its earnings results on Tuesday, April 18th. The bank reported $0.23 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.22 by $0.01. The firm had revenue of $1.39 billion for the quarter, compared to analysts’ expectations of $1.40 billion. Regions Financial Corporation had a net margin of 19.94% and a return on equity of 7.27%. The firm’s revenue was up .1% compared to the same quarter last year. During the same quarter last year, the company earned $0.20 earnings per share. On average, equities analysts anticipate that Regions Financial Corporation will post $0.98 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Friday, June 30th. Investors of record on Friday, June 9th will be issued a $0.07 dividend. This is a boost from Regions Financial Corporation’s previous quarterly dividend of $0.07. The ex-dividend date is Wednesday, June 7th. This represents a $0.28 annualized dividend and a yield of 2.00%. Regions Financial Corporation’s dividend payout ratio (DPR) is 31.11%.
In related news, Chairman Grayson Hall sold 202,231 shares of the firm’s stock in a transaction that occurred on Friday, April 21st. The shares were sold at an average price of $13.51, for a total value of $2,732,140.81. Following the sale, the chairman now owns 494,874 shares of the company’s stock, valued at $6,685,747.74. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CFO David J. Turner, Jr. sold 45,535 shares of the firm’s stock in a transaction that occurred on Tuesday, April 25th. The stock was sold at an average price of $13.82, for a total transaction of $629,293.70. Following the sale, the chief financial officer now directly owns 126,160 shares in the company, valued at approximately $1,743,531.20. The disclosure for this sale can be found here. In the last ninety days, insiders sold 396,176 shares of company stock worth $5,418,986. 0.52% of the stock is owned by corporate insiders.
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About Regions Financial Corporation
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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