|Bid||0.00 x 900|
|Ask||0.00 x 3100|
|Day's Range||21.31 - 21.62|
|52 Week Range||9.79 - 23.81|
|Beta (5Y Monthly)||1.57|
|PE Ratio (TTM)||14.15|
|Earnings Date||Jul 23, 2021|
|Forward Dividend & Yield||0.62 (2.88%)|
|Ex-Dividend Date||Jun 03, 2021|
|1y Target Est||23.68|
The bank is buying a specialized home improvement lender with high-quality loans, but it's also spending a lot in the process.
Regions' (RF) acquisition of EnerBank USA for $960 million will aid its strategy to serve as the premier lender to homeowners by offering more innovative financial solutions.
Regions Financial Corporation (RF), a full-service provider of consumer and commercial banking, wealth management, mortgage products, and services, inked a deal to buy EnerBank USA, a unit of CMS Energy Corporation (CMS) for $960 million. EnerBank, with $2.8 billion of loans as of March 31 and serving customers in all 50 states, is a point-of-sale home improvement lender supporting homeowners and contractors through innovative products and digital financing solutions. The deal, subject to certai