Regions Financial (RF) Earning Somewhat Positive Media Coverage, Accern Reports
Press coverage about Regions Financial (NYSE:RF) has trended somewhat positive on Monday, according to Accern Sentiment Analysis. The research firm identifies positive and negative news coverage by reviewing more than 20 million blog and news sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. Regions Financial earned a media sentiment score of 0.12 on Accern’s scale. Accern also assigned news headlines about the bank an impact score of 46.2931367394301 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the near future.
These are some of the news headlines that may have impacted Accern Sentiment Analysis’s scoring:
- Zacks: Brokerages Anticipate Regions Financial Corp (RF) Will Post Earnings of $0.31 Per Share (americanbankingnews.com)
- Veritex (VBTX) and Regions Financial (RF) Critical Survey (americanbankingnews.com)
- Regions Financial’s (RF) CEO Grayson Hall on Q4 2017 Results – Earnings Call Transcript (seekingalpha.com)
- Regions Financial (RF) Announces Retirement of David Cooper Sr. from Board (streetinsider.com)
- Regions Financial Corp. Director David J. Cooper Sr. to Retire … – Business Wire (press release) (businesswire.com)
Regions Financial (RF) traded up $0.20 during midday trading on Monday, reaching $18.47. 9,323,609 shares of the company traded hands, compared to its average volume of 11,480,000. Regions Financial has a twelve month low of $13.00 and a twelve month high of $19.90. The company has a current ratio of 0.86, a quick ratio of 0.86 and a debt-to-equity ratio of 0.53. The firm has a market cap of $21,420.00, a P/E ratio of 18.47, a P/E/G ratio of 1.36 and a beta of 1.32.
The firm also recently declared a quarterly dividend, which will be paid on Monday, April 2nd. Investors of record on Friday, March 9th will be given a $0.09 dividend. This represents a $0.36 annualized dividend and a yield of 1.95%. The ex-dividend date of this dividend is Thursday, March 8th. Regions Financial’s payout ratio is currently 36.00%.
Several analysts have recently weighed in on RF shares. Goldman Sachs Group upgraded shares of Regions Financial from a “buy” rating to a “conviction-buy” rating in a research note on Thursday, November 16th. JPMorgan Chase & Co. lifted their price objective on shares of Regions Financial from $15.50 to $16.00 and gave the company a “neutral” rating in a research note on Wednesday, November 1st. Barclays lifted their price objective on shares of Regions Financial from $15.00 to $19.00 and gave the company an “underweight” rating in a research note on Tuesday, January 2nd. SunTrust Banks reiterated a “buy” rating and issued a $19.00 price objective on shares of Regions Financial in a research note on Wednesday, November 29th. Finally, Nomura reiterated a “neutral” rating and issued a $17.00 price objective (up previously from $16.00) on shares of Regions Financial in a research note on Thursday, October 26th. Three analysts have rated the stock with a sell rating, eighteen have assigned a hold rating, four have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. Regions Financial presently has a consensus rating of “Hold” and an average price target of $17.24.
In other Regions Financial news, Director John E. D. D. S. Maupin, Jr. sold 15,000 shares of Regions Financial stock in a transaction on Tuesday, December 5th. The shares were sold at an average price of $17.04, for a total transaction of $255,600.00. Following the transaction, the director now directly owns 59,436 shares of the company’s stock, valued at approximately $1,012,789.44. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Scott M. Peters sold 25,627 shares of Regions Financial stock in a transaction on Wednesday, January 24th. The stock was sold at an average price of $19.50, for a total transaction of $499,726.50. Following the transaction, the executive vice president now directly owns 240,796 shares in the company, valued at $4,695,522. The disclosure for this sale can be found here. Company insiders own 0.52% of the company’s stock.
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Regions Financial 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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