Deutsche Bank AG Grows Stock Position in Regions Financial Corporation $RF

Deutsche Bank AG grew its holdings in Regions Financial Corporation (NYSE:RF - Free Report) by 2.4% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 4,759,842 shares of the bank's stock after purchasing an additional 110,933 shares during the period. Deutsche Bank AG owned approximately 0.56% of Regions Financial worth $143,747,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also modified their holdings of RF. WPG Advisers LLC grew its position in Regions Financial by 83.5% in the 2nd quarter. WPG Advisers LLC now owns 813 shares of the bank's stock valued at $25,000 after acquiring an additional 370 shares in the last quarter. Trust Co. of Vermont acquired a new stake in shares of Regions Financial during the second quarter worth about $26,000. Darwin Wealth Management LLC acquired a new stake in shares of Regions Financial during the second quarter worth about $25,000. SouthState Bank Corp boosted its stake in shares of Regions Financial by 94.1% in the fourth quarter. SouthState Bank Corp now owns 1,110 shares of the bank's stock valued at $30,000 after purchasing an additional 538 shares during the period. Finally, Leonteq Securities AG purchased a new position in shares of Regions Financial in the fourth quarter valued at approximately $33,000. 79.39% of the stock is currently owned by hedge funds and other institutional investors.

Regions Financial Trading Down 3.4%

NYSE RF opened at $30.61 on Thursday. Regions Financial Corporation has a 52-week low of $22.70 and a 52-week high of $32.47. The firm has a 50-day moving average price of $30.61 and a 200 day moving average price of $28.78. The stock has a market capitalization of $26.08 billion, a P/E ratio of 12.49, a P/E/G ratio of 1.21 and a beta of 1.00. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 0.26.

Regions Financial (NYSE:RF - Get Free Report) last announced its quarterly earnings results 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 net margin of 23.33% and a return on equity of 12.88%. The business had revenue of $1.95 billion during the quarter, compared to the consensus estimate of $1.94 billion. During the same quarter last year, the firm posted $0.60 EPS. The business's revenue was up .1% compared to the same quarter last year. Equities research analysts expect that Regions Financial Corporation will post 2.63 EPS for the current year.

Regions Financial Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 1st. Stockholders of record on Tuesday, September 1st will be given a $0.30 dividend. This is an increase from Regions Financial's previous quarterly dividend of $0.27. This represents a $1.20 annualized dividend and a dividend yield of 3.9%. The ex-dividend date is Tuesday, September 1st. Regions Financial's dividend payout ratio (DPR) is currently 43.27%.

Analyst Ratings Changes

A number of analysts have recently weighed in on the company. DA Davidson upped their price objective on Regions Financial from $33.00 to $34.00 and gave the stock a "neutral" rating in a research report on Monday, July 20th. JPMorgan Chase & Co. increased their price objective on Regions Financial from $31.50 to $32.00 and gave the company a "neutral" rating in a research note on Wednesday, July 29th. Robert W. Baird reiterated an "underperform" rating and issued a $28.00 target price on shares of Regions Financial in a report on Monday, July 6th. Cantor Fitzgerald boosted their target price on Regions Financial from $34.00 to $35.00 and gave the stock an "overweight" rating in a research note on Tuesday, July 21st. Finally, Stephens began coverage on Regions Financial in a report on Monday, June 15th. They set an "equal weight" rating and a $31.00 price target on the stock. Six analysts have rated the stock with a Buy rating, ten have given a Hold rating and four have assigned a Sell rating to the company's stock. According to data from MarketBeat, the stock has an average 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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