B. Metzler seel. Sohn & Co. AG Buys Shares of 394,913 Regions Financial Corporation $RF

Key Points

• B. Metzler seel. Sohn & Co. AG purchased 394,913 shares of Regions Financial in the second quarter, valued at approximately $11.9 million. Institutional investors collectively own 79.39% of the bank’s stock.
• Regions Financial reported quarterly EPS of $0.68, exceeding estimates of $0.63, while revenue reached $1.95 billion. The bank also raised its quarterly dividend from $0.27 to $0.30 per share, implying a 4.0% annual yield.
• Analyst sentiment remains mixed, with a consensus “Hold” rating and an average price target of $32.24, compared with the stock’s reported price of $30.26.

B. Metzler seel. Sohn & Co. AG purchased a new stake in shares of Regions Financial Corporation (NYSE:RF - Free Report) during the 2nd quarter, according to its most recent disclosure with the SEC. The fund purchased 394,913 shares of the bank's stock, valued at approximately $11,926,000.

Other institutional investors have also added to or reduced their stakes in the company. Root Financial Partners LLC increased its holdings in Regions Financial by 3.9% in the 4th quarter. Root Financial Partners LLC now owns 9,148 shares of the bank's stock worth $248,000 after purchasing an additional 346 shares in the last quarter. WPG Advisers LLC boosted its stake in shares of Regions Financial by 83.5% during the second quarter. WPG Advisers LLC now owns 813 shares of the bank's stock valued at $25,000 after purchasing an additional 370 shares in the last quarter. Master S Wealth Management Inc. grew its holdings in shares of Regions Financial by 1.0% during the first quarter. Master S Wealth Management Inc. now owns 38,631 shares of the bank's stock worth $1,009,000 after purchasing an additional 372 shares during the last quarter. Van ECK Associates Corp grew its holdings in shares of Regions Financial by 1.1% during the fourth quarter. Van ECK Associates Corp now owns 33,604 shares of the bank's stock worth $911,000 after purchasing an additional 373 shares during the last quarter. Finally, Legacy Wealth Managment LLC ID grew its holdings in shares of Regions Financial by 17.3% during the first quarter. Legacy Wealth Managment LLC ID now owns 2,589 shares of the bank's stock worth $68,000 after purchasing an additional 381 shares during the last quarter. 79.39% of the stock is currently owned by institutional investors and hedge funds.

Regions Financial Stock Performance

NYSE:RF opened at $30.26 on Friday. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.81 and a current ratio of 0.81. Regions Financial Corporation has a fifty-two week low of $22.70 and a fifty-two week high of $32.47. The company has a 50 day simple moving average of $30.64 and a two-hundred day simple moving average of $28.79. The company has a market capitalization of $25.78 billion, a PE ratio of 12.35, a P/E/G ratio of 1.17 and a beta of 1.00.

Regions Financial (NYSE:RF - Get Free Report) last announced its quarterly earnings data on Friday, July 17th. The bank reported $0.68 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.63 by $0.05. Regions Financial had a return on equity of 12.88% and a net margin of 23.33%.The company had revenue of $1.95 billion for the quarter, compared to the consensus estimate of $1.94 billion. During the same period in the previous year, the business earned $0.60 EPS. The firm's revenue was up .1% compared to the same quarter last year. Research analysts anticipate that Regions Financial Corporation will post 2.63 earnings per share for the current year.

Regions Financial Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, October 1st. Shareholders of record on Tuesday, September 1st will be issued a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 4.0%. The ex-dividend date is Tuesday, September 1st. This is a positive change from Regions Financial's previous quarterly dividend of $0.27. Regions Financial's dividend payout ratio (DPR) is currently 43.27%.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on RF shares. Robert W. Baird reiterated an "underperform" rating and issued a $28.00 price objective on shares of Regions Financial in a report on Monday, July 6th. Citigroup boosted their target price on shares of Regions Financial from $32.00 to $36.00 and gave the stock a "buy" rating in a report on Monday, July 20th. Truist Financial upped their price target on shares of Regions Financial from $30.00 to $34.00 and gave the company a "hold" rating in a research report on Tuesday, July 21st. Cantor Fitzgerald raised their price target on shares of Regions Financial from $34.00 to $35.00 and gave the company an "overweight" rating in a research note on Tuesday, July 21st. Finally, Morgan Stanley lifted their price target on shares of Regions Financial from $34.00 to $35.00 and gave the stock an "equal weight" rating in a report on Monday, June 29th. Six research analysts have rated the stock with a Buy rating, ten have given a Hold rating and four have issued a Sell rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus price target of $32.24.

About Regions Financial

Regions Financial Corporation NYSE: RF is a U.S. bank holding company headquartered in Birmingham, Alabama, that provides a broad range of banking and financial services. Its primary banking subsidiary, Regions Bank, serves retail and commercial customers through a combination of branch and ATM networks, digital channels and relationship-based delivery. The company offers deposit accounts, consumer and commercial loans, mortgage origination and servicing, and payment and treasury services.

In addition to core banking, Regions offers wealth management, trust and brokerage services, insurance solutions, and capital markets capabilities to corporate and institutional clients.

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