Metis Global Partners LLC Sells 23,806 Shares of Regions Financial Co. (NYSE:RF)

Metis Global Partners LLC decreased its holdings in Regions Financial Co. (NYSE:RF - Free Report) by 44.6% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 29,568 shares of the bank's stock after selling 23,806 shares during the quarter. Metis Global Partners LLC's holdings in Regions Financial were worth $690,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the business. Chase Investment Counsel Corp lifted its position in Regions Financial by 5.7% during the 3rd quarter. Chase Investment Counsel Corp now owns 13,551 shares of the bank's stock worth $316,000 after acquiring an additional 733 shares during the period. Aptus Capital Advisors LLC lifted its holdings in shares of Regions Financial by 87.1% in the 3rd quarter. Aptus Capital Advisors LLC now owns 67,634 shares of the bank's stock valued at $1,578,000 after buying an additional 31,478 shares during the period. Apollon Wealth Management LLC lifted its holdings in shares of Regions Financial by 23.5% in the 3rd quarter. Apollon Wealth Management LLC now owns 20,287 shares of the bank's stock valued at $473,000 after buying an additional 3,863 shares during the period. Versor Investments LP acquired a new position in shares of Regions Financial in the 3rd quarter valued at about $350,000. Finally, Venturi Wealth Management LLC lifted its holdings in shares of Regions Financial by 413.6% in the 3rd quarter. Venturi Wealth Management LLC now owns 3,708 shares of the bank's stock valued at $87,000 after buying an additional 2,986 shares during the period. Institutional investors and hedge funds own 79.39% of the company's stock.

Regions Financial Price Performance

NYSE:RF traded down $0.05 during trading hours on Monday, reaching $26.31. 3,634,121 shares of the company's stock were exchanged, compared to its average volume of 7,935,041. The business's 50-day simple moving average is $23.61 and its two-hundred day simple moving average is $21.61. Regions Financial Co. has a 12 month low of $15.79 and a 12 month high of $26.73. The company has a quick ratio of 0.83, a current ratio of 0.84 and a debt-to-equity ratio of 0.35. The company has a market capitalization of $23.91 billion, a P/E ratio of 14.89, a price-to-earnings-growth ratio of 2.76 and a beta of 1.16.

Regions Financial (NYSE:RF - Get Free Report) last released its quarterly earnings results on Friday, October 18th. The bank reported $0.49 earnings per share for the quarter, missing analysts' consensus estimates of $0.53 by ($0.04). The business had revenue of $1.79 billion for 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 firm's revenue for the quarter was down 3.7% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.49 EPS. Sell-side analysts expect that Regions Financial Co. will post 2.1 EPS for the current fiscal year.

Regions Financial Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, January 2nd. Shareholders of record on Monday, December 2nd will be given a $0.25 dividend. The ex-dividend date of this dividend is Monday, December 2nd. This represents a $1.00 annualized dividend and a yield of 3.80%. Regions Financial's dividend payout ratio is 56.50%.

Analyst Ratings Changes

RF has been the subject of several recent analyst reports. Barclays lifted their price target on Regions Financial from $22.00 to $25.00 and gave the company an "underweight" rating in a research note on Monday, October 21st. Wells Fargo & Company lifted their price target on Regions Financial from $24.00 to $28.00 and gave the company an "equal weight" rating in a research note on Friday. DA Davidson boosted their price objective on Regions Financial from $27.00 to $29.00 and gave the stock a "buy" rating in a research note on Monday, October 21st. Deutsche Bank Aktiengesellschaft upgraded Regions Financial from a "hold" rating to a "buy" rating and boosted their price objective for the stock from $24.00 to $26.00 in a research note on Thursday, October 24th. Finally, Wedbush boosted their price objective on Regions Financial from $28.00 to $30.00 and gave the stock an "outperform" rating in a research note on Monday, October 21st. One analyst has rated the stock with a sell rating, six have assigned a hold rating and eleven have issued a buy rating to the company. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $26.18.

Regions Financial 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.