Regions Financial Corporation (NYSE:RF) Given Daily Coverage Optimism Score of 0.19
Media stories about Regions Financial Corporation (NYSE:RF) have trended somewhat positive on Saturday, Accern Sentiment Analysis reports. The research group identifies negative and positive media coverage by analyzing more than 20 million news and blog sources. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. Regions Financial Corporation earned a media sentiment score of 0.19 on Accern’s scale. Accern also gave press coverage about the bank an impact score of 46.9783882943183 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the immediate future.
These are some of the media headlines that may have impacted Accern Sentiment’s scoring:
- This Weeks Target Prices For Regions Financial Corporation (NYSE:RF) (topactu.net)
- Regions Financial Corp (NYSE:RF) Sentiment Report (vothemes.com)
- Banks’ Deposit Bases May Determine Stock Prices (finance.yahoo.com)
- Regions Financial being probed by U.S. Attorney’s Office (finance.yahoo.com)
- Regions Financial Corp. – Value Analysis (NYSE:RF) : August 5, 2017 (finance.yahoo.com)
Regions Financial Corporation (RF) traded up 0.27% during mid-day trading on Friday, reaching $14.94. 32,547,272 shares of the company’s stock traded hands. The firm has a market cap of $17.91 billion, a price-to-earnings ratio of 15.61 and a beta of 1.31. The firm’s 50-day moving average price is $14.44 and its 200 day moving average price is $14.44. Regions Financial Corporation has a one year low of $8.88 and a one year high of $16.03.
Regions Financial Corporation (NYSE:RF) last posted its earnings results on Friday, July 21st. The bank reported $0.25 earnings per share for the quarter, topping analysts’ consensus estimates of $0.24 by $0.01. Regions Financial Corporation had a net margin of 20.25% and a return on equity of 7.51%. The firm had revenue of $1.42 billion for the quarter, compared to the consensus estimate of $1.43 billion. During the same period in the previous year, the firm posted $0.20 EPS. The business’s quarterly revenue was up 2.0% on a year-over-year basis. On average, equities analysts forecast that Regions Financial Corporation will post $1.00 EPS for the current year.
The company also recently declared a quarterly dividend, which will be paid on Friday, September 29th. Investors of record on Friday, September 8th will be issued a dividend of $0.09 per share. This represents a $0.36 annualized dividend and a yield of 2.41%. This is an increase from Regions Financial Corporation’s previous quarterly dividend of $0.07. The ex-dividend date of this dividend is Thursday, September 7th. Regions Financial Corporation’s dividend payout ratio is presently 29.47%.
Regions Financial Corporation declared that its Board of Directors has approved a stock repurchase plan on Wednesday, June 28th that permits the company to buyback $1.47 billion in outstanding shares. This buyback authorization permits the bank to purchase up to 8.7% of its stock through open market purchases. Stock buyback plans are generally a sign that the company’s management believes its stock is undervalued.
Several research analysts have recently weighed in on the stock. BidaskClub raised shares of Regions Financial Corporation from a “sell” rating to a “hold” rating in a report on Thursday. Vining Sparks raised shares of Regions Financial Corporation from an “outperform” rating to a “strong-buy” rating in a report on Wednesday, July 26th. Bank of America Corporation reaffirmed a “buy” rating and issued a $17.00 price target on shares of Regions Financial Corporation in a report on Wednesday, July 26th. Instinet reaffirmed a “neutral” rating and issued a $16.00 price target on shares of Regions Financial Corporation in a report on Wednesday, July 12th. Finally, Deutsche Bank AG reaffirmed a “hold” rating on shares of Regions Financial Corporation in a report on Monday, July 3rd. Two investment analysts have rated the stock with a sell rating, sixteen have given a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average price target of $14.13.
In related news, EVP Scott M. Peters sold 13,689 shares of the company’s stock in a transaction dated Wednesday, July 26th. The shares were sold at an average price of $14.61, for a total transaction of $199,996.29. Following the transaction, the executive vice president now directly owns 147,528 shares in the company, valued at approximately $2,155,384.08. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Fournier J. Gale III sold 35,825 shares of the company’s stock in a transaction dated Tuesday, July 25th. The shares were sold at an average price of $14.59, for a total transaction of $522,686.75. Following the transaction, the executive vice president now owns 109,318 shares in the company, valued at $1,594,949.62. The disclosure for this sale can be found here. Corporate insiders own 0.52% of the company’s stock.
Regions Financial Corporation Company Profile
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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