Deutsche Bank AG Raises Position in Regions Financial Co. (NYSE:RF)

Deutsche Bank AG increased its stake in shares of Regions Financial Co. (NYSE:RF - Free Report) by 52.7% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 5,522,612 shares of the bank's stock after buying an additional 1,907,121 shares during the quarter. Deutsche Bank AG owned about 0.61% of Regions Financial worth $129,892,000 at the end of the most recent quarter.

A number of other institutional investors also recently added to or reduced their stakes in RF. Ballentine Partners LLC boosted its position in shares of Regions Financial by 2.5% during the fourth 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. Prossimo Advisors LLC boosted its position in shares of Regions Financial by 2.3% during the fourth quarter. Prossimo Advisors LLC now owns 19,270 shares of the bank's stock worth $453,000 after buying an additional 430 shares during the period. Greenleaf Trust boosted its position in shares of Regions Financial by 1.8% during the fourth quarter. Greenleaf Trust now owns 24,382 shares of the bank's stock worth $573,000 after buying an additional 436 shares during the period. Lake Street Advisors Group LLC boosted its position in shares of Regions Financial by 2.3% during the fourth quarter. Lake Street Advisors Group LLC now owns 19,173 shares of the bank's stock worth $456,000 after buying an additional 436 shares during the period. Finally, Wealthcare Advisory Partners LLC boosted its position in Regions Financial by 0.8% during the fourth quarter. Wealthcare Advisory Partners LLC now owns 70,822 shares of the bank's stock valued at $1,666,000 after purchasing an additional 529 shares during the last quarter. Institutional investors and hedge funds own 79.39% of the company's stock.

Regions Financial Stock Performance

Regions Financial stock traded up $0.22 during trading on Tuesday, hitting $22.47. The stock had a trading volume of 6,510,975 shares, compared to its average volume of 8,101,351. 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 stock's 50 day moving average is $20.63 and its two-hundred day moving average is $23.25. The stock has a market cap of $20.20 billion, a price-to-earnings ratio of 11.58, a price-to-earnings-growth ratio of 1.93 and a beta of 0.97.

Regions Financial (NYSE:RF - Get Free Report) last posted its earnings results on Thursday, April 17th. The bank reported $0.54 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.51 by $0.03. The firm had revenue of $1.81 billion for the quarter, compared to the consensus estimate of $1.84 billion. Regions Financial had a return on equity of 12.83% and a net margin of 20.20%. During the same quarter in the prior year, the business posted $0.37 earnings per share. As a group, analysts predict that Regions Financial Co. will post 2.26 EPS for the current year.

Regions Financial Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, July 1st. Shareholders of record on Friday, May 2nd will be given a dividend of $0.25 per share. The ex-dividend date is Monday, June 2nd. This represents a $1.00 annualized dividend and a dividend yield of 4.45%. Regions Financial's dividend payout ratio is currently 48.08%.

Analyst Upgrades and Downgrades

Several research firms have issued reports on RF. Stephens dropped their price objective on Regions Financial from $26.00 to $24.00 and set an "overweight" rating on the stock in a research note on Monday, April 21st. Keefe, Bruyette & Woods lowered their target price on Regions Financial from $28.00 to $26.00 and set an "outperform" rating on the stock in a research note on Monday, April 21st. Truist Financial lowered their target price on Regions Financial from $24.00 to $21.00 and set a "hold" rating on the stock in a research note on Tuesday, April 22nd. Morgan Stanley lowered their target price on Regions Financial from $29.00 to $22.00 and set an "equal weight" rating on the stock in a research note on Monday, April 7th. Finally, Wells Fargo & Company lowered their target price on Regions Financial from $28.00 to $26.00 and set an "equal weight" rating on the stock in a research note on Friday, March 28th. One research analyst has rated the stock with a sell rating, eight have given a hold rating and eleven have given a buy rating to the stock. Based on data from MarketBeat.com, Regions Financial currently has an average rating of "Moderate Buy" and a consensus target price of $25.53.

Insiders Place Their Bets

In other Regions Financial news, Director Joia M. Johnson acquired 2,300 shares of the stock in a transaction that occurred on Tuesday, March 11th. The shares were bought at an average price of $21.18 per share, for a total transaction of $48,714.00. Following the completion of the transaction, the director now owns 17,486 shares of the company's stock, valued at approximately $370,353.48. This represents a 15.15% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 0.29% of the company's stock.

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.