B. Metzler seel. Sohn & Co. AG Has $3.58 Million Holdings in Regions Financial Corporation $RF

Key Points

• B. Metzler seel. Sohn & Co. AG reduced its stake in Regions Financial Corporation by 22.2%, selling 46,910 shares and retaining 164,733 shares worth approximately $3.58 million at the end of the quarter.
• Regions Financial announced an increase in its quarterly dividend to $0.265, up from $0.25, representing a yield of 3.9%, with a record date of September 2nd.
• The company's stock is currently trading at $27.37, with a twelve-month high of $27.96 and a low of $17.74, reflecting growth with a quarterly revenue increase of 10.1% year-over-year.

B. Metzler seel. Sohn & Co. AG decreased its position in Regions Financial Corporation (NYSE:RF - Free Report) by 22.2% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 164,733 shares of the bank's stock after selling 46,910 shares during the quarter. B. Metzler seel. Sohn & Co. AG's holdings in Regions Financial were worth $3,580,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of RF. Bayforest Capital Ltd raised its stake in shares of Regions Financial by 637.3% in the 1st quarter. Bayforest Capital Ltd now owns 1,224 shares of the bank's stock valued at $27,000 after purchasing an additional 1,058 shares during the period. Rossby Financial LCC acquired a new stake in shares of Regions Financial in the 1st quarter valued at about $36,000. Grove Bank & Trust raised its stake in shares of Regions Financial by 76.6% in the 1st quarter. Grove Bank & Trust now owns 1,876 shares of the bank's stock valued at $41,000 after purchasing an additional 814 shares during the period. Groupe la Francaise acquired a new stake in shares of Regions Financial in the 1st quarter valued at about $41,000. Finally, Allworth Financial LP raised its stake in shares of Regions Financial by 30.7% in the 1st quarter. Allworth Financial LP now owns 3,346 shares of the bank's stock valued at $69,000 after purchasing an additional 786 shares during the period. Institutional investors and hedge funds own 79.39% of the company's stock.

Analysts Set New Price Targets

Several analysts have issued reports on the company. Wall Street Zen raised Regions Financial from a "sell" rating to a "hold" rating in a research note on Saturday, July 5th. Citigroup lifted their target price on Regions Financial from $27.00 to $30.00 and gave the company a "buy" rating in a research report on Thursday, July 24th. Stephens lifted their target price on Regions Financial from $24.00 to $29.00 and gave the company an "overweight" rating in a research report on Monday, July 21st. Jefferies Financial Group initiated coverage on Regions Financial in a research report on Wednesday, May 21st. They issued a "hold" rating and a $24.00 target price on the stock. Finally, Truist Financial reaffirmed a "hold" rating on shares of Regions Financial in a research report on Friday, May 23rd. Eleven research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $27.33.

Insider Transactions at Regions Financial

In related news, EVP David R. Keenan sold 30,000 shares of Regions Financial stock in a transaction that occurred on Wednesday, August 6th. The stock was sold at an average price of $25.01, for a total value of $750,300.00. Following the transaction, the executive vice president directly owned 90,915 shares of the company's stock, valued at $2,273,784.15. The trade was a 24.81% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Roger W. Jenkins bought 4,000 shares of Regions Financial stock in a transaction that occurred on Wednesday, August 13th. The stock was bought at an average price of $25.48 per share, for a total transaction of $101,920.00. Following the completion of the acquisition, the director directly owned 6,383 shares of the company's stock, valued at $162,638.84. The trade was a 167.86% increase in their ownership of the stock. The disclosure for this purchase can be found here. 0.29% of the stock is owned by company insiders.

Regions Financial Trading Up 0.3%

NYSE RF traded up $0.09 on Friday, hitting $27.42. The company's stock had a trading volume of 15,961,096 shares, compared to its average volume of 15,463,792. The company's 50-day moving average is $25.23 and its 200 day moving average is $22.77. The firm has a market cap of $24.46 billion, a PE ratio of 12.75, a PEG ratio of 1.58 and a beta of 1.02. Regions Financial Corporation has a 1-year low of $17.74 and a 1-year high of $27.96. The company has a quick ratio of 0.82, a current ratio of 0.82 and a debt-to-equity ratio of 0.30.

Regions Financial (NYSE:RF - Get Free Report) last issued its quarterly earnings data on Friday, July 18th. The bank reported $0.60 earnings per share for the quarter, topping the consensus estimate of $0.56 by $0.04. The company had revenue of $1.91 billion for the quarter, compared to analysts' expectations of $1.86 billion. Regions Financial had a net margin of 21.81% and a return on equity of 13.08%. Regions Financial's revenue for the quarter was up 10.1% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.52 earnings per share. As a group, analysts predict that Regions Financial Corporation will post 2.26 earnings per share for the current fiscal year.

Regions Financial Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, October 1st. Stockholders of record on Tuesday, September 2nd will be paid a $0.265 dividend. The ex-dividend date of this dividend is Tuesday, September 2nd. This is a positive change from Regions Financial's previous quarterly dividend of $0.25. This represents a $1.06 annualized dividend and a dividend yield of 3.9%. Regions Financial's payout ratio is currently 46.51%.

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.