B. Metzler seel. Sohn & Co. Holding AG Takes Position in Regions Financial Co. (NYSE:RF)

B. Metzler seel. Sohn & Co. Holding AG purchased a new position in Regions Financial Co. (NYSE:RF - Free Report) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 147,923 shares of the bank's stock, valued at approximately $3,451,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. EntryPoint Capital LLC bought a new stake in Regions Financial during the first quarter worth about $26,000. American National Bank & Trust boosted its holdings in shares of Regions Financial by 1,856.7% in the 3rd quarter. American National Bank & Trust now owns 1,174 shares of the bank's stock worth $27,000 after acquiring an additional 1,114 shares in the last quarter. Quarry LP grew its position in Regions Financial by 157.2% during the 2nd quarter. Quarry LP now owns 1,335 shares of the bank's stock worth $27,000 after acquiring an additional 816 shares during the last quarter. Whittier Trust Co. of Nevada Inc. grew its position in Regions Financial by 530.0% during the 2nd quarter. Whittier Trust Co. of Nevada Inc. now owns 1,493 shares of the bank's stock worth $30,000 after acquiring an additional 1,256 shares during the last quarter. Finally, Innealta Capital LLC acquired a new stake in Regions Financial during the 2nd quarter valued at $32,000. Institutional investors own 79.39% of the company's stock.

Regions Financial Stock Performance

NYSE RF opened at $26.26 on Thursday. The company has a current ratio of 0.84, a quick ratio of 0.83 and a debt-to-equity ratio of 0.35. Regions Financial Co. has a 12 month low of $15.79 and a 12 month high of $26.73. The company has a market capitalization of $23.87 billion, a PE ratio of 14.84, a P/E/G ratio of 2.72 and a beta of 1.16. The stock has a 50-day simple moving average of $23.77 and a 200 day simple moving average of $21.70.

Regions Financial (NYSE:RF - Get Free Report) last announced its quarterly earnings results on Friday, October 18th. The bank reported $0.49 EPS for the quarter, missing analysts' consensus estimates of $0.53 by ($0.04). The company had revenue of $1.79 billion during the quarter, compared to the consensus estimate of $1.80 billion. Regions Financial had a net margin of 18.78% and a return on equity of 12.60%. The business's revenue was down 3.7% compared to the same quarter last year. During the same period last year, the company earned $0.49 earnings per share. Research analysts forecast that Regions Financial Co. will post 2.12 EPS for the current year.

Regions Financial Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, January 2nd. Stockholders of record on Monday, December 2nd will be given a dividend of $0.25 per share. The ex-dividend date is Monday, December 2nd. This represents a $1.00 dividend on an annualized basis and a dividend yield of 3.81%. Regions Financial's dividend payout ratio is 56.50%.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on the company. Wells Fargo & Company increased their target price on Regions Financial from $24.00 to $28.00 and gave the stock an "equal weight" rating in a report on Friday, November 15th. Keefe, Bruyette & Woods raised shares of Regions Financial from a "market perform" rating to an "outperform" rating and increased their price objective for the stock from $27.00 to $28.00 in a report on Thursday, October 31st. DA Davidson raised their price objective on shares of Regions Financial from $27.00 to $29.00 and gave the company a "buy" rating in a research report on Monday, October 21st. Deutsche Bank Aktiengesellschaft upgraded shares of Regions Financial from a "hold" rating to a "buy" rating and upped their target price for the stock from $24.00 to $26.00 in a research report on Thursday, October 24th. Finally, Stephens raised shares of Regions Financial from an "equal weight" rating to an "overweight" rating and set a $26.00 price target on the stock in a research note on Tuesday, October 29th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and eleven have assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $26.18.

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.