Dallas, Texas 05/15/2014 (FINANCIALSTRENDS) –Nomura’s equities research analysts at started coverage on Regions Financial Corporation (NYSE:RF) shares in the research note that was issued to investors. The firm has assigned a rating of “neutral” & a PT of $11.00 on the stock. This price would suggest the potential upside of 5.47 percent from the previous close of the stock. Recently, many analysts have commented on the company’s stock. Guggenheim analysts have axed their Pt on the RF shares from $13.00 down to $12.00 in the research note on May 6th. Separately, the analysts at the Jefferies Group reiterated their rating of “buy” on RF shares in the research note on Thursday, May 1st.
They currently have a PT of $12.00 on the stock, down from the previous $12.50. Finally, Citigroup Inc. analysts reiterated their “hold” rating on Regions Financial shares in the research note on April 24th. They currently have a PT of $11.00 on the stock. One equities-research analyst has assigned a “sell” rating to the stock, 7 have assigned a rating of “hold” and 13 have given a “buy” rating. Currently, the average rating on the company is a “buy’ and the average price target is $10.92.
Earnings report
RF last released the company’s earnings data on April 22nd. It reported earnings per share of $0.21 for the quarter, which topped the average analyst projection of $0.20 by $0.01. In the same quarter of the previous year, Regions Financial Corporation (NYSE:RF) posted earnings per share of $0.23. Analysts now project that the company will post earnings per share $0.86 for the current financial year.
The dividend
Very recently, RF also announced its quarterly dividend that is slated for July 1st. Stockholders who are of record on June 13th will be paid the dividend of $0.05 / share. This represents the $0.20 annualized dividend and the dividend yield of 1.92%. Its ex-dividend date is June 11th. This is a hike from the company’s previous quarterly dividend which was $0.03.
