Highview Capital Management LLC DE Takes $1 Million Position in Regions Financial Co. (NYSE:RF)

Highview Capital Management LLC DE acquired a new position in Regions Financial Co. (NYSE:RF) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm acquired 42,609 shares of the bank’s stock, valued at approximately $1,002,000.

Other large investors also recently bought and sold shares of the company. Citigroup Inc. lifted its holdings in shares of Regions Financial by 20.0% during the 3rd quarter. Citigroup Inc. now owns 1,519,299 shares of the bank’s stock valued at $35,445,000 after buying an additional 253,708 shares during the period. Aprio Wealth Management LLC bought a new position in Regions Financial in the fourth quarter valued at about $1,247,000. Nordea Investment Management AB boosted its position in Regions Financial by 60.4% in the fourth quarter. Nordea Investment Management AB now owns 263,131 shares of the bank’s stock worth $6,220,000 after purchasing an additional 99,115 shares during the last quarter. Commerce Bank grew its stake in shares of Regions Financial by 392.5% during the 3rd quarter. Commerce Bank now owns 248,325 shares of the bank’s stock valued at $5,793,000 after purchasing an additional 197,900 shares during the period. Finally, Vest Financial LLC increased its position in shares of Regions Financial by 20.4% during the 4th quarter. Vest Financial LLC now owns 1,479,865 shares of the bank’s stock valued at $34,806,000 after purchasing an additional 250,729 shares during the last quarter. 79.39% of the stock is currently owned by institutional investors.

Regions Financial Stock Up 1.1 %

RF opened at $24.32 on Monday. Regions Financial Co. has a 52 week low of $17.72 and a 52 week high of $27.96. The company has a quick ratio of 0.83, a current ratio of 0.84 and a debt-to-equity ratio of 0.37. The firm has a 50-day simple moving average of $24.23 and a two-hundred day simple moving average of $23.83. The company has a market capitalization of $22.10 billion, a PE ratio of 12.53, a price-to-earnings-growth ratio of 1.97 and a beta of 1.20.

Regions Financial (NYSE:RF) last released its quarterly earnings results on Friday, January 17th. The bank reported $0.56 earnings per share for the quarter, beating the consensus estimate of $0.55 by $0.01. The business had revenue of $1.82 billion during the quarter, compared to analysts’ expectations of $1.86 billion. Regions Financial had a return on equity of 12.83% and a net margin of 20.20%. The firm’s revenue for the quarter was up .2% compared to the same quarter last year. During the same quarter last year, the business posted $0.39 EPS. Analysts forecast that Regions Financial Co. will post 2.26 earnings per share for the current fiscal year.

Regions Financial Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 1st. Shareholders of record on Monday, March 3rd will be given a dividend of $0.25 per share. The ex-dividend date of this dividend is Monday, March 3rd. This represents a $1.00 annualized dividend and a yield of 4.11%. Regions Financial’s dividend payout ratio (DPR) is currently 51.55%.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on RF. Compass Point raised their price objective on shares of Regions Financial from $25.00 to $31.00 and gave the stock a “buy” rating in a report on Tuesday, December 10th. Wedbush boosted their price objective on shares of Regions Financial from $28.00 to $30.00 and gave the company an “outperform” rating in a research report on Monday, October 21st. Stephens raised Regions Financial from an “equal weight” rating to an “overweight” rating and set a $26.00 target price on the stock in a report on Tuesday, October 29th. StockNews.com raised Regions Financial from a “sell” rating to a “hold” rating in a report on Friday, October 25th. Finally, Argus upgraded Regions Financial from a “hold” rating to a “buy” rating and set a $26.00 price target for the company in a research report on Thursday, October 24th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and eleven have given a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $27.67.

Regions Financial Company Profile

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.