Somewhat Positive Press Coverage Somewhat Unlikely to Impact Regions Financial Corporation (RF) Stock Price
Media stories about Regions Financial Corporation (NYSE:RF) have trended somewhat positive recently, Accern reports. The research group identifies positive and negative press coverage by monitoring more than 20 million blog and news sources. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Regions Financial Corporation earned a coverage optimism score of 0.21 on Accern’s scale. Accern also gave news coverage about the bank an impact score of 46.2126792046368 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the next few days.
These are some of the news headlines that may have impacted Accern Sentiment Analysis’s scoring:
- Zacks: Analysts Expect Regions Financial Corporation (RF) to Post $0.26 EPS (americanbankingnews.com)
- CCI Signal Monitor on Shares of Regions Financial Corp (RF) – Evergreen Caller (evergreencaller.com)
- Stock Watch: Checking the Numbers on Shares of Regions Financial Corp (RF) – Luxora Leader (luxoraleader.com)
- Regions Financial’s Preferred Stock, Series B Crosses Above 5.5% Yield Territory – Nasdaq (nasdaq.com)
- Regions Financial Corporation (NYSE:RF) Receives Average Rating of “Hold” from Analysts (americanbankingnews.com)
Several research firms have recently weighed in on RF. BidaskClub lowered shares of Regions Financial Corporation from a “hold” rating to a “sell” rating in a research note on Monday. Jefferies Group LLC reiterated a “hold” rating and issued a $16.00 price objective on shares of Regions Financial Corporation in a research note on Friday. Wells Fargo & Company began coverage on shares of Regions Financial Corporation in a research note on Wednesday, August 9th. They issued a “market perform” rating and a $16.00 price objective for the company. Vining Sparks upgraded shares of Regions Financial Corporation from an “outperform” rating to a “strong-buy” rating in a research note on Wednesday, July 26th. Finally, Bank of America Corporation reiterated a “buy” rating and issued a $17.00 price objective on shares of Regions Financial Corporation in a research note on Wednesday, July 26th. Three equities research analysts have rated the stock with a sell rating, sixteen have issued a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $14.21.
Regions Financial Corporation (RF) traded up 0.49% during trading on Tuesday, reaching $14.48. 10,524,355 shares of the company’s stock were exchanged. The firm has a 50 day moving average of $14.58 and a 200-day moving average of $14.47. Regions Financial Corporation has a 12 month low of $9.37 and a 12 month high of $16.03. The stock has a market cap of $17.30 billion, a PE ratio of 15.13 and a beta of 1.31.
Regions Financial Corporation (NYSE:RF) last posted its quarterly earnings data on Friday, July 21st. The bank reported $0.25 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 business had revenue of $1.42 billion during the quarter, compared to the consensus estimate of $1.43 billion. During the same quarter in the prior year, the company earned $0.20 earnings per share. The firm’s quarterly revenue was up 2.0% compared to the same quarter last year. On average, equities research analysts anticipate that Regions Financial Corporation will post $1.00 earnings per share for the current fiscal year.
Regions Financial Corporation declared that its Board of Directors has authorized a stock repurchase plan on Wednesday, June 28th that authorizes the company to buyback $1.47 billion in shares. This buyback authorization authorizes the bank to repurchase up to 8.7% of its stock through open market purchases. Stock buyback plans are typically a sign that the company’s board of directors believes its shares are undervalued.
The business also recently declared a quarterly dividend, which will be paid on Friday, September 29th. Stockholders of record on Friday, September 8th will be issued a dividend of $0.09 per share. The ex-dividend date is Thursday, September 7th. This is an increase from Regions Financial Corporation’s previous quarterly dividend of $0.07. This represents a $0.36 annualized dividend and a dividend yield of 2.49%. Regions Financial Corporation’s dividend payout ratio (DPR) is presently 29.47%.
In other news, EVP Fournier J. Gale III sold 35,825 shares of the firm’s stock in a transaction 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 completion of the transaction, the executive vice president now directly owns 109,318 shares in the company, valued at $1,594,949.62. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Susan W. Matlock sold 10,000 shares of the firm’s stock in a transaction on Friday, August 4th. The shares were sold at an average price of $15.23, for a total value of $152,300.00. Following the transaction, the director now owns 32,188 shares of the company’s stock, valued at $490,223.24. The disclosure for this sale can be found here. Insiders have sold 124,514 shares of company stock valued at $1,846,733 over the last 90 days. Corporate insiders own 0.52% of the company’s stock.
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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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