Regions Financial Corporation (RF) Earns Daily Media Sentiment Rating of 0.18
Media stories about Regions Financial Corporation (NYSE:RF) have been trending somewhat positive recently, according to Accern Sentiment Analysis. Accern scores the sentiment of media coverage by monitoring more than twenty million news and blog sources in real time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Regions Financial Corporation earned a coverage optimism score of 0.18 on Accern’s scale. Accern also assigned press coverage about the bank an impact score of 46.4589093020969 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the near term.
Here are some of the media headlines that may have impacted Accern Sentiment’s rankings:
- Regions Financial Corp Breaks Above 200-Day Moving Average – Bullish for RF (nasdaq.com)
- Regions Financial Corp. breached its 50 day moving average in a Bullish Manner : RF-US : September 21, 2017 (finance.yahoo.com)
- Regions Financial Corp. :RF-US: Earnings Analysis: Q2, 2017 By the Numbers : September 22, 2017 (finance.yahoo.com)
- Regions Financial Corporation Directors Carolyn H. Byrd and John E. Maupin Jr. Recognized on the 2017 Black … – Business Wire (press release) (businesswire.com)
- Regions board members earn nod from national magazine – Birmingham Business Journal (bizjournals.com)
Regions Financial Corporation (NYSE RF) traded down 0.07% during mid-day trading on Friday, reaching $14.42. 10,885,824 shares of the company’s stock were exchanged. The stock has a market capitalization of $17.23 billion, a PE ratio of 15.07 and a beta of 1.33. The firm’s 50-day moving average is $14.18 and its 200 day moving average is $14.27. Regions Financial Corporation has a 1-year low of $9.45 and a 1-year high of $16.03.
Regions Financial Corporation (NYSE:RF) last announced its earnings results 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. The company had revenue of $1.42 billion during the quarter, compared to analysts’ expectations of $1.43 billion. Regions Financial Corporation had a net margin of 20.25% and a return on equity of 7.51%. The firm’s quarterly revenue was up 2.0% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.20 earnings per share. Analysts forecast that Regions Financial Corporation will post $1.00 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, September 29th. Shareholders of record on Friday, September 8th will be given a dividend of $0.09 per share. The ex-dividend date of this dividend is Thursday, September 7th. This represents a $0.36 dividend on an annualized basis and a yield of 2.50%. This is a boost from Regions Financial Corporation’s previous quarterly dividend of $0.07. Regions Financial Corporation’s payout ratio is presently 37.89%.
Regions Financial Corporation declared that its Board of Directors has initiated a share repurchase program on Wednesday, June 28th that allows the company to buyback $1.47 billion in shares. This buyback authorization allows the bank to buy up to 8.7% of its stock through open market purchases. Stock buyback programs are usually an indication that the company’s management believes its stock is undervalued.
Several equities research analysts have commented on RF shares. 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. BidaskClub raised shares of Regions Financial Corporation from a “sell” rating to a “hold” rating in a report on Thursday, August 3rd. Royal Bank Of Canada reaffirmed a “hold” rating and issued a $15.00 price target on shares of Regions Financial Corporation in a report on Friday, June 23rd. Keefe, Bruyette & Woods set a $15.00 price target on shares of Regions Financial Corporation and gave the company a “hold” rating in a report on Tuesday, June 20th. Finally, Deutsche Bank AG reaffirmed a “hold” rating on shares of Regions Financial Corporation in a report on Monday, July 3rd. Three equities research analysts have rated the stock with a sell rating, fourteen have given a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus price target of $14.89.
In other news, CFO David J. Turner, Jr. sold 65,000 shares of the business’s stock in a transaction that occurred on Monday, August 7th. The shares were sold at an average price of $14.95, for a total value of $971,750.00. Following the completion of the transaction, the chief financial officer now owns 121,160 shares of the company’s stock, valued at $1,811,342. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, EVP Fournier J. Gale III sold 35,825 shares of the business’s stock in a transaction that occurred on Tuesday, July 25th. The shares were 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 of the company’s stock, valued at approximately $1,594,949.62. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 124,514 shares of company stock valued at $1,846,733. 0.52% of the stock is currently owned by company insiders.
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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