Highview Capital Management LLC DE purchased a new position in Regions Financial Co. (NYSE:RF - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 42,609 shares of the bank's stock, valued at approximately $1,002,000.
A number of other hedge funds also recently modified their holdings of RF. Quarry LP boosted its position in Regions Financial by 29.5% during the third quarter. Quarry LP now owns 1,729 shares of the bank's stock worth $40,000 after purchasing an additional 394 shares during the period. Ballentine Partners LLC boosted its holdings in Regions Financial by 2.5% in the 4th quarter. Ballentine Partners LLC now owns 17,458 shares of the bank's stock worth $411,000 after buying an additional 420 shares during the period. Private Advisor Group LLC grew its stake in Regions Financial by 1.8% in the 3rd quarter. Private Advisor Group LLC now owns 24,928 shares of the bank's stock valued at $581,000 after buying an additional 429 shares in the last quarter. Greenleaf Trust raised its holdings in Regions Financial by 1.8% during the 4th quarter. Greenleaf Trust now owns 24,382 shares of the bank's stock valued at $573,000 after acquiring an additional 436 shares during the period. Finally, Resonant Capital Advisors LLC lifted its position in shares of Regions Financial by 2.4% during the third quarter. Resonant Capital Advisors LLC now owns 21,845 shares of the bank's stock worth $515,000 after acquiring an additional 506 shares in the last quarter. Institutional investors own 79.39% of the company's stock.
A number of analysts recently issued reports on the company. Truist Financial increased their price objective on Regions Financial from $25.00 to $26.00 and gave the stock a "hold" rating in a report on Tuesday, January 21st. DA Davidson boosted their price objective on shares of Regions Financial from $27.00 to $29.00 and gave the company a "buy" rating in a research note on Monday, October 21st. Keefe, Bruyette & Woods upgraded shares of Regions Financial from a "market perform" rating to an "outperform" rating and increased their target price for the stock from $27.00 to $28.00 in a research note on Thursday, October 31st. Barclays boosted their price target on shares of Regions Financial from $25.00 to $26.00 and gave the company an "underweight" rating in a research report on Monday, January 6th. Finally, Stephens upgraded Regions Financial from an "equal weight" rating to an "overweight" rating and set a $26.00 price objective on the stock in a research report on Tuesday, October 29th. 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. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $27.67.
View Our Latest Research Report on RF
NYSE RF opened at $24.32 on Monday. The stock has a 50-day moving average of $24.23 and a 200-day moving average of $23.83. The company has a current ratio of 0.84, a quick ratio of 0.83 and a debt-to-equity ratio of 0.37. Regions Financial Co. has a 1-year low of $17.72 and a 1-year high of $27.96. The firm has a market cap 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 - Get Free Report) last issued its earnings results on Friday, January 17th. The bank reported $0.56 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.55 by $0.01. The firm had revenue of $1.82 billion for the quarter, compared to analysts' expectations of $1.86 billion. Regions Financial had a net margin of 20.20% and a return on equity of 12.83%. The business's revenue was up .2% on a year-over-year basis. During the same quarter last year, the business earned $0.39 earnings per share. As a group, sell-side analysts forecast that Regions Financial Co. will post 2.26 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 1st. Investors of record on Monday, March 3rd will be paid a $0.25 dividend. The ex-dividend date of this dividend is Monday, March 3rd. This represents a $1.00 annualized dividend and a dividend yield of 4.11%. Regions Financial's payout ratio is presently 51.55%.
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.
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