Regions Financial Co. (NYSE:RF) Shares Sold by MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH

MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH decreased its holdings in Regions Financial Co. (NYSE:RF) by 2.6% during the 4th quarter, according to its most recent disclosure with the SEC. 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 owned approximately 0.18% of Regions Financial worth $38,378,000 at the end of the most recent reporting period.

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

Regions Financial Stock Down 0.5 %

Regions Financial stock opened at $24.21 on Friday. The firm has a market capitalization of $22.00 billion, a P/E ratio of 12.48, a P/E/G ratio of 1.94 and a beta of 1.21. The company has a 50-day simple moving average of $25.01 and a 200-day simple moving average of $23.49. Regions Financial Co. has a one year low of $17.42 and a one year high of $27.96. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.83 and a current ratio of 0.84.

Regions Financial (NYSE:RF) last announced its quarterly earnings results on Friday, January 17th. The bank reported $0.56 EPS for the quarter, beating the consensus estimate of $0.55 by $0.01. The company had revenue of $1.82 billion for the quarter, compared to analyst estimates of $1,857,300 billion. Regions Financial had a net margin of 20.20% and a return on equity of 12.83%. Regions Financial’s revenue was up .2% compared to the same quarter last year. During the same quarter last year, the business earned $0.39 earnings per share. As a group, equities analysts expect that Regions Financial Co. will post 2.27 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on RF. Argus raised shares of Regions Financial from a “hold” rating to a “buy” rating and set a $26.00 target price on the stock in a research report on Thursday, October 24th. DA Davidson boosted their price objective on shares of Regions Financial from $27.00 to $29.00 and gave the stock a “buy” rating in a report on Monday, October 21st. Piper Sandler upped their price objective on shares of Regions Financial from $25.00 to $29.00 and gave the company a “neutral” rating in a research report on Tuesday, December 3rd. Wedbush lifted their target price on Regions Financial from $28.00 to $30.00 and gave the stock an “outperform” rating in a research report on Monday, October 21st. Finally, Compass Point increased their price target on Regions Financial from $25.00 to $31.00 and gave the company a “buy” rating in a report on Tuesday, December 10th. One analyst has rated the stock with a sell rating, seven have issued a hold rating and eleven have given a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target 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.