Highview Capital Management LLC DE Makes New $1 Million Investment in Regions Financial Co. (NYSE:RF)

Highview Capital Management LLC DE bought a new position in shares of Regions Financial Co. (NYSE:RF - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund bought 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. State Street Corp raised its holdings in shares of Regions Financial by 16.3% in the 3rd quarter. State Street Corp now owns 55,485,987 shares of the bank's stock valued at $1,306,813,000 after purchasing an additional 7,791,399 shares in the last quarter. Charles Schwab Investment Management Inc. raised its stake in Regions Financial by 3.0% in the third quarter. Charles Schwab Investment Management Inc. now owns 27,786,933 shares of the bank's stock valued at $648,269,000 after buying an additional 816,226 shares in the last quarter. Geode Capital Management LLC raised its stake in Regions Financial by 1.4% in the third quarter. Geode Capital Management LLC now owns 22,625,214 shares of the bank's stock valued at $526,118,000 after buying an additional 315,605 shares in the last quarter. Allspring Global Investments Holdings LLC lifted its holdings in Regions Financial by 1.3% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 8,738,619 shares of the bank's stock worth $203,273,000 after buying an additional 112,885 shares during the last quarter. Finally, Massachusetts Financial Services Co. MA boosted its position in shares of Regions Financial by 0.8% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 8,226,353 shares of the bank's stock worth $191,921,000 after acquiring an additional 61,426 shares in the last quarter. Hedge funds and other institutional investors own 79.39% of the company's stock.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on RF. 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 research report on Tuesday, October 29th. Wells Fargo & Company raised their price objective on shares of Regions Financial from $24.00 to $28.00 and gave the stock an "equal weight" rating in a report on Friday, November 15th. Keefe, Bruyette & Woods raised shares of Regions Financial from a "market perform" rating to an "outperform" rating and increased their target price for the company from $27.00 to $28.00 in a research report on Thursday, October 31st. Argus upgraded shares of Regions Financial from a "hold" rating to a "buy" rating and set a $26.00 price target on the stock in a research note on Thursday, October 24th. Finally, Citigroup upped their price objective on shares of Regions Financial from $26.00 to $30.00 and gave the company a "buy" rating in a research note on Thursday, November 21st. One 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's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $27.67.

Regions Financial Stock Performance

Shares of NYSE RF traded down $0.06 during mid-day trading on Wednesday, hitting $24.61. 3,440,020 shares of the company were exchanged, compared to its average volume of 7,831,964. The stock has a 50 day simple moving average of $24.20 and a 200-day simple moving average of $23.85. Regions Financial Co. has a 1-year low of $17.72 and a 1-year 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 market cap of $22.36 billion, a price-to-earnings ratio of 12.69, a price-to-earnings-growth ratio of 1.95 and a beta of 1.20.

Regions Financial (NYSE:RF - Get Free Report) last released its earnings results on Friday, January 17th. The bank reported $0.56 EPS for the quarter, topping the consensus estimate of $0.55 by $0.01. Regions Financial had a net margin of 20.20% and a return on equity of 12.83%. The company had revenue of $1.82 billion during the quarter, compared to analysts' expectations of $1.86 billion. During the same quarter last year, the business earned $0.39 EPS. The business's revenue was up .2% on a year-over-year basis. On average, sell-side analysts forecast that Regions Financial Co. will post 2.26 EPS 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 issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 4.06%. The ex-dividend date is Monday, March 3rd. Regions Financial's dividend payout ratio is presently 51.55%.

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.