Howard Capital Management Inc. Has $456,000 Holdings in Regions Financial Co. (NYSE:RF)

Howard Capital Management Inc. raised its position in Regions Financial Co. (NYSE:RF) by 10.7% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 19,404 shares of the bank’s stock after purchasing an additional 1,880 shares during the quarter. Howard Capital Management Inc.’s holdings in Regions Financial were worth $456,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in RF. AMF Tjanstepension AB acquired a new position in Regions Financial in the third quarter valued at about $6,281,000. Sequoia Financial Advisors LLC lifted its position in shares of Regions Financial by 2.8% during the third quarter. Sequoia Financial Advisors LLC now owns 20,267 shares of the bank’s stock worth $473,000 after purchasing an additional 545 shares in the last quarter. Private Advisor Group LLC lifted its position in shares of Regions Financial by 1.8% during the third quarter. Private Advisor Group LLC now owns 24,928 shares of the bank’s stock worth $581,000 after purchasing an additional 429 shares in the last quarter. International Assets Investment Management LLC lifted its position in shares of Regions Financial by 2,128.2% during the third quarter. International Assets Investment Management LLC now owns 98,797 shares of the bank’s stock worth $2,305,000 after purchasing an additional 94,363 shares in the last quarter. Finally, Hennion & Walsh Asset Management Inc. lifted its position in shares of Regions Financial by 2.7% during the third quarter. Hennion & Walsh Asset Management Inc. now owns 21,086 shares of the bank’s stock worth $492,000 after purchasing an additional 560 shares in the last quarter. 79.39% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

RF has been the topic of a number of research reports. Citigroup upped their target price on shares of Regions Financial from $26.00 to $30.00 and gave the stock a “buy” rating in a research report on Thursday, November 21st. Compass Point upped their target price on shares of Regions Financial from $25.00 to $31.00 and gave the stock a “buy” rating in a research report on Tuesday, December 10th. Wells Fargo & Company upped their target price on shares of Regions Financial from $24.00 to $28.00 and gave the stock an “equal weight” rating in a research report on Friday, November 15th. Piper Sandler increased their price objective on shares of Regions Financial from $25.00 to $29.00 and gave the company a “neutral” rating in a report on Tuesday, December 3rd. Finally, Morgan Stanley restated an “equal weight” rating and issued a $32.00 price objective (up from $28.00) on shares of Regions Financial in a report on Monday, December 9th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and eleven have issued a buy rating to the company. According to data from MarketBeat, Regions Financial has an average rating of “Moderate Buy” and an average target price of $27.67.

Regions Financial Stock Up 0.2 %

Shares of NYSE:RF opened at $23.44 on Tuesday. Regions Financial Co. has a 52 week low of $17.72 and a 52 week high of $27.96. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.83 and a current ratio of 0.84. The company has a market capitalization of $21.30 billion, a PE ratio of 12.08, a PEG ratio of 1.93 and a beta of 1.20. The company has a 50 day moving average price of $24.08 and a two-hundred day moving average price of $23.96.

Regions Financial (NYSE:RF) last issued its quarterly earnings data 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. 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 the consensus estimate of $1.86 billion. During the same quarter in the prior year, the firm earned $0.39 earnings per share. The firm’s revenue was up .2% compared to the same quarter last year. Analysts forecast that Regions Financial Co. will post 2.26 earnings per share for the current year.

Regions Financial Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 1st. Stockholders of record on Monday, March 3rd will be given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 4.27%. The ex-dividend date is Monday, March 3rd. Regions Financial’s dividend payout ratio is 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.