Regions Financial Co. (NYSE:RF) Stock Position Cut by MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH

MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH decreased its stake in shares of Regions Financial Co. (NYSE:RF) by 2.6% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,622,050 shares of the bank’s stock after selling 43,984 shares during the period. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH’s holdings in Regions Financial were worth $38,378,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in RF. Pacer Advisors Inc. increased its stake in shares of Regions Financial by 4.4% during the second quarter. Pacer Advisors Inc. now owns 67,078 shares of the bank’s stock valued at $1,344,000 after acquiring an additional 2,837 shares during the period. Sei Investments Co. boosted its stake in Regions Financial by 11.0% during the 2nd quarter. Sei Investments Co. now owns 523,033 shares of the bank’s stock valued at $10,480,000 after purchasing an additional 51,811 shares in the last quarter. ProShare Advisors LLC boosted its stake in Regions Financial by 3.7% during the 2nd quarter. ProShare Advisors LLC now owns 194,833 shares of the bank’s stock valued at $3,904,000 after purchasing an additional 6,914 shares in the last quarter. Public Sector Pension Investment Board increased its position in shares of Regions Financial by 5.9% during the 2nd quarter. Public Sector Pension Investment Board now owns 155,107 shares of the bank’s stock valued at $3,108,000 after purchasing an additional 8,581 shares during the period. Finally, Marshall Wace LLP bought a new stake in shares of Regions Financial in the 2nd quarter worth $581,000. 79.39% of the stock is currently owned by institutional investors.

Regions Financial Stock Down 0.5 %

RF opened at $24.21 on Friday. The company has a debt-to-equity ratio of 0.37, a current ratio of 0.84 and a quick ratio of 0.83. The company has a market capitalization of $22.00 billion, a PE ratio of 12.48, a price-to-earnings-growth ratio of 1.94 and a beta of 1.21. The business has a 50-day moving average of $25.01 and a 200-day moving average of $23.49. Regions Financial Co. has a fifty-two week low of $17.42 and a fifty-two week high of $27.96.

Regions Financial (NYSE:RF) last posted its quarterly earnings data on Friday, January 17th. The bank reported $0.56 EPS for the quarter, topping analysts’ consensus estimates of $0.55 by $0.01. Regions Financial had a return on equity of 12.83% and a net margin of 20.20%. The business had revenue of $1.82 billion for the quarter, compared to analyst estimates of $1,857,300 billion. During the same period in the previous year, the company posted $0.39 earnings per share. The firm’s revenue for the quarter was up .2% on a year-over-year basis. Equities research analysts forecast that Regions Financial Co. will post 2.27 EPS for the current fiscal year.

Analysts Set New Price Targets

Several brokerages recently weighed in on RF. Deutsche Bank Aktiengesellschaft raised Regions Financial from a “hold” rating to a “buy” rating and raised their target price for the company from $24.00 to $26.00 in a research note on Thursday, October 24th. Citigroup lifted their price objective on shares of Regions Financial from $26.00 to $30.00 and gave the stock a “buy” rating in a research note on Thursday, November 21st. Piper Sandler increased their target price on shares of Regions Financial from $25.00 to $29.00 and gave the company a “neutral” rating in a research note on Tuesday, December 3rd. Wells Fargo & Company lifted their price target 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. Finally, Evercore ISI upped their price target on Regions Financial from $24.50 to $26.00 and gave the company an “in-line” rating in a report on Wednesday, October 2nd. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and eleven have issued a buy rating to the company’s stock. According to MarketBeat, Regions Financial currently has a consensus rating of “Moderate Buy” and a consensus target price of $27.67.

Regions Financial Company Profile

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.