Regions Financial (NYSE:RF – Get Free Report) issued its earnings results on Friday. The bank reported $0.49 earnings per share for the quarter, missing the consensus estimate of $0.53 by ($0.04), RTT News reports. Regions Financial had a net margin of 18.91% and a return on equity of 12.64%. The company had revenue of $1.79 billion for the quarter, compared to analysts’ expectations of $1.80 billion. During the same quarter in the prior year, the company earned $0.49 earnings per share. The company’s revenue was down 3.7% compared to the same quarter last year.
Regions Financial Price Performance
RF stock opened at $23.99 on Friday. Regions Financial has a twelve month low of $13.72 and a twelve month high of $24.33. The company has a quick ratio of 0.83, a current ratio of 0.83 and a debt-to-equity ratio of 0.33. The firm has a market cap of $21.97 billion, a PE ratio of 13.04, a price-to-earnings-growth ratio of 2.80 and a beta of 1.17. The business has a 50 day moving average of $22.58 and a 200 day moving average of $20.86.
Regions Financial Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, January 2nd. Investors of record on Monday, December 2nd will be given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 4.17%. The ex-dividend date is Monday, December 2nd. Regions Financial’s dividend payout ratio (DPR) is presently 54.35%.
Analyst Ratings Changes
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About Regions Financial
Regions Financial Corporation, a financial holding company, provides banking and bank-related services to individual and corporate customers. It operates through three segments: Corporate Bank, Consumer Bank, and Wealth Management. The Corporate Bank segment offers commercial banking services, such as commercial and industrial, commercial real estate, and investor real estate lending; equipment lease financing; deposit products; and securities underwriting and placement, loan syndication and placement, foreign exchange, derivatives, merger and acquisition, and other advisory services.
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