Regions Financial reaches a 1-year high at $21.11, Jefferies raises price target to $24, and a dividend increase to $0.25 is announced.
Regions Financial (NYSE:RF) hits a new 1-year high at $21.11, with Jefferies Financial Group boosting their price objective to $24.00 and giving the stock a "buy" rating. The company also announces a dividend increase to $0.25 per share, representing a 4.52% yield. Regions Financial has raised its dividend annually for the past 11 years and has a payout ratio of 43.4%. Analysts expect the company to earn $2.20 per share next year.
July 17, 2024
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