Regions Financial Corp. (NYSE:RF) announced a quarterly dividend on Thursday, October 13th. Stockholders of record on Friday, December 9th will be paid a dividend of 0.065 per share on Tuesday, January 3rd. This represents a $0.26 annualized dividend and a dividend yield of 2.54%.

Shares of Regions Financial Corp. (NYSE:RF) traded down 3.564% during midday trading on Thursday, hitting $9.875. 10,392,497 shares of the stock traded hands. The stock has a market cap of $12.40 billion, a price-to-earnings ratio of 12.421 and a beta of 1.44. The company’s 50 day moving average price is $9.87 and its 200-day moving average price is $9.23. Regions Financial Corp. has a 12-month low of $7.00 and a 12-month high of $10.47.

Regions Financial Corp. (NYSE:RF) last issued its quarterly earnings results on Tuesday, July 19th. The company reported $0.20 EPS for the quarter, missing the consensus estimate of $0.21 by $0.01. The company earned $1.40 billion during the quarter, compared to analysts’ expectations of $1.37 billion. Regions Financial Corp. had a return on equity of 6.65% and a net margin of 18.63%. On average, equities research analysts expect that Regions Financial Corp. will post $0.83 EPS for the current year.

Dividend History for Regions Financial Corp. (NYSE:RF)

Several equities research analysts have issued reports on RF shares. FBR & Co cut shares of Regions Financial Corp. from an “outperform” rating to a “market perform” rating and set a $10.50 target price on the stock. in a research note on Tuesday. Barclays PLC reaffirmed a “sell” rating and set a $10.00 target price on shares of Regions Financial Corp. in a research note on Tuesday. Wedbush started coverage on shares of Regions Financial Corp. in a research note on Thursday, October 6th. They set an “outperform” rating and a $12.00 target price on the stock. They noted that the move was a valuation call. Raymond James Financial Inc. cut shares of Regions Financial Corp. from a “strong-buy” rating to an “outperform” rating and set a $10.50 target price on the stock. in a research note on Thursday, October 6th. Finally, Keefe, Bruyette & Woods raised shares of Regions Financial Corp. from an “underperform” rating to a “market perform” rating and set a $10.50 target price on the stock in a research note on Thursday, August 25th. One analyst has rated the stock with a sell rating, thirteen have assigned a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the company’s stock. Regions Financial Corp. has a consensus rating of “Hold” and an average target price of $10.34.

In other news, EVP C. Keith Herron sold 38,753 shares of the stock in a transaction that occurred on Tuesday, August 9th. The stock was sold at an average price of $9.38, for a total value of $363,503.14. Following the completion of the sale, the executive vice president now directly owns 290,384 shares of the company’s stock, valued at $2,723,801.92. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Ellen S. Jones sold 10,000 shares of the stock in a transaction that occurred on Thursday, August 18th. The shares were sold at an average price of $9.53, for a total value of $95,300.00. Following the completion of the sale, the executive vice president now directly owns 54,886 shares of the company’s stock, valued at $523,063.58. The disclosure for this sale can be found here. 0.88% of the stock is currently owned by company insiders.

Large investors have recently bought and sold shares of the stock. BlackRock Inc. increased its stake in Regions Financial Corp. by 20.4% in the second quarter. BlackRock Inc. now owns 3,067,184 shares of the company’s stock valued at $26,102,000 after buying an additional 518,772 shares during the last quarter. US Bancorp DE increased its stake in Regions Financial Corp. by 6.2% in the second quarter. US Bancorp DE now owns 210,627 shares of the company’s stock valued at $1,793,000 after buying an additional 12,250 shares during the last quarter. Wetherby Asset Management Inc. increased its stake in Regions Financial Corp. by 7.6% in the second quarter. Wetherby Asset Management Inc. now owns 26,374 shares of the company’s stock valued at $224,000 after buying an additional 1,874 shares during the last quarter. Bank of Nova Scotia increased its stake in Regions Financial Corp. by 5.4% in the second quarter. Bank of Nova Scotia now owns 25,633 shares of the company’s stock valued at $218,000 after buying an additional 1,310 shares during the last quarter. Finally, Tredje AP fonden increased its stake in Regions Financial Corp. by 21.9% in the second quarter. Tredje AP fonden now owns 58,814 shares of the company’s stock valued at $503,000 after buying an additional 10,574 shares during the last quarter. 74.29% of the stock is owned by institutional investors and hedge funds.

About Regions Financial Corp.

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.

5 Day Chart for NYSE:RF

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