Regions Financial Corporation (NYSE:RF) Declares Quarterly Dividend of $0.27

Regions Financial Corporation (NYSE:RF) announced a quarterly dividend on Wednesday, February 4th. Shareholders of record on Monday, March 2nd will be paid a dividend of 0.265 per share by the bank on Wednesday, April 1st. This represents a c) annualized dividend and a yield of 3.5%. The ex-dividend date of this dividend is Monday, March 2nd.

Regions Financial has increased its dividend payment by an average of 0.1%per year over the last three years and has raised its dividend annually for the last 12 consecutive years. Regions Financial has a dividend payout ratio of 43.1% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Regions Financial to earn $2.48 per share next year, which means the company should continue to be able to cover its $1.06 annual dividend with an expected future payout ratio of 42.7%.

Regions Financial Stock Down 0.1%

Shares of Regions Financial stock traded down $0.03 during midday trading on Thursday, hitting $30.41. The company’s stock had a trading volume of 658,824 shares, compared to its average volume of 15,425,927. The firm has a market capitalization of $26.67 billion, a P/E ratio of 13.27, a PEG ratio of 1.06 and a beta of 1.04. Regions Financial has a 1-year low of $17.74 and a 1-year high of $30.84. The company has a quick ratio of 0.80, a current ratio of 0.80 and a debt-to-equity ratio of 0.23. The stock has a 50-day simple moving average of $27.63 and a 200-day simple moving average of $26.32.

Regions Financial (NYSE:RF) last released its earnings results on Friday, January 16th. The bank reported $0.57 earnings per share for the quarter, missing the consensus estimate of $0.61 by ($0.04). The business had revenue of $1.92 billion for the quarter, compared to analysts’ expectations of $1.94 billion. Regions Financial had a net margin of 22.44% and a return on equity of 12.55%. The company’s revenue was up 5.8% compared to the same quarter last year. During the same period last year, the firm earned $0.56 EPS. As a group, sell-side analysts expect that Regions Financial will post 2.26 earnings per share for the current year.

Insider Activity at Regions Financial

In other news, EVP William D. Ritter sold 36,000 shares of the stock in a transaction that occurred on Thursday, January 22nd. The stock was sold at an average price of $28.78, for a total value of $1,036,080.00. Following the completion of the sale, the executive vice president directly owned 17,569 shares of the company’s stock, valued at approximately $505,635.82. This represents a 67.20% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.29% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the stock. Charles Schwab Investment Management Inc. raised its stake in shares of Regions Financial by 1.3% in the second quarter. Charles Schwab Investment Management Inc. now owns 31,484,310 shares of the bank’s stock valued at $740,511,000 after purchasing an additional 391,568 shares in the last quarter. Geode Capital Management LLC boosted its position in Regions Financial by 0.5% in the second quarter. Geode Capital Management LLC now owns 23,794,677 shares of the bank’s stock valued at $557,370,000 after buying an additional 109,549 shares in the last quarter. Victory Capital Management Inc. raised its position in Regions Financial by 52.9% in the 3rd quarter. Victory Capital Management Inc. now owns 13,523,714 shares of the bank’s stock valued at $357,417,000 after purchasing an additional 4,679,285 shares during the last quarter. Norges Bank acquired a new position in Regions Financial in the second quarter worth $246,790,000. Finally, Allspring Global Investments Holdings LLC grew its holdings in shares of Regions Financial by 2.6% during the third quarter. Allspring Global Investments Holdings LLC now owns 9,205,989 shares of the bank’s stock worth $241,289,000 after purchasing an additional 233,458 shares during the last quarter. Institutional investors and hedge funds own 79.39% of the company’s stock.

About Regions Financial

Regions Financial Corporation (NYSE: RF) is a U.S. bank holding company headquartered in Birmingham, Alabama, that provides a broad range of banking and financial services. Its primary banking subsidiary, Regions Bank, serves retail and commercial customers through a combination of branch and ATM networks, digital channels and relationship-based delivery. The company offers deposit accounts, consumer and commercial loans, mortgage origination and servicing, and payment and treasury services.

In addition to core banking, Regions offers wealth management, trust and brokerage services, insurance solutions, and capital markets capabilities to corporate and institutional clients.