Regions Financial Corp (NYSE:RF) had declared a cash dividend of $0.0650 on Jul 14, 2016. The shares will quote ex-dividend on Sep 7, 2016 and the record date has been fixed for Sep 9, 2016. On Jul 14, 2016 share price, the yield comes out to be 2.8634%. The dividend payable date has been fixed on Oct 3, 2016.
In a different note, On Jun 6, 2016, Keefe Bruyette & Woods said it Upgrades its rating on Regions Financial Corp. In the research note, the firm Raises the price-target to $9.50 per share. The shares have been rated ‘Market Perform’ by the firm. On May 16, 2016, Keefe Bruyette & Woods said it Downgrades its rating on Regions Financial Corp. In the research note, the firm Lowers the price-target to $10.00 per share. The shares have been rated ‘Outperform’ by the firm. On Apr 19, 2016, FBR Capital said it Upgrades its rating on Regions Financial Corp. The shares have been rated ‘Outperform’ by the firm.
Regions Financial Corp (RF) made into the market gainers list on Mondays trading session with the shares advancing 0.44% or 0.04 points. Due to strong positive momentum, the stock ended at $9.16, which is also near the day’s high of $9.24. The stock began the session at $9.12 and the volume stood at 2,18,31,229 shares. The 52-week high of the shares is $10.865 and the 52 week low is $7. The company has a current market capitalization of $11,603 M and it has 1,26,67,13,120 shares in outstanding.
Regions Financial Corp(RF) last announced its earnings results on Apr 15, 2016 for Fiscal Year 2016 and Q1.Company reported revenue of $1.39B. Analysts had an estimated revenue of $1.33B. Earnings per share were $0.20. Analysts had estimated an EPS of $0.19.
Several Insider Transactions has been reported to the SEC. On May 26, 2016, Ellen S. Jones (SEVP) sold 20,000 shares at $9.61 per share price.Also, On Mar 4, 2016, Susan W Matlock (director) sold 26,000 shares at $8.10 per share price.On Dec 2, 2015, Cynthia M. Rogers (SEVP) sold 9,500 shares at $10.21 per share price, according to the Form-4 filing with the securities and exchange commission.
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. The Company carries out its business in three segments: Corporate Bank Consumer Bank and Wealth Management. The Corporate Bank segment represents the Companys commercial banking functions including commercial and industrial commercial real estate and investor real estate lending. The Consumer Bank segment represents the Companys branch network including consumer banking products and services related to residential first mortgages home equity lines and loans and small business loans among others. The Wealth Management segment offers individuals businesses Governmental institutions and non-profit entities a range of solutions to enable transfer of wealth.