MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH Sells 43,984 Shares of Regions Financial Co. (NYSE:RF)

MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH cut its holdings in Regions Financial Co. (NYSE:RF - Free Report) by 2.6% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,622,050 shares of the bank's stock after selling 43,984 shares during the quarter. 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.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. American National Bank & Trust boosted its stake 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 valued at $27,000 after purchasing an additional 1,114 shares in the last quarter. Quarry LP lifted its stake in Regions Financial by 157.2% in the 2nd quarter. Quarry LP now owns 1,335 shares of the bank's stock valued at $27,000 after purchasing an additional 816 shares during the last quarter. Truvestments Capital LLC bought a new stake in shares of Regions Financial during the third quarter worth $37,000. Legacy Investment Solutions LLC acquired a new position in shares of Regions Financial during the third quarter worth $37,000. Finally, Bruce G. Allen Investments LLC increased its holdings in shares of Regions Financial by 163.1% during the third quarter. Bruce G. Allen Investments LLC now owns 2,392 shares of the bank's stock worth $56,000 after buying an additional 1,483 shares in the last quarter. Institutional investors own 79.39% of the company's stock.

Regions Financial Stock Up 0.9 %

Shares of Regions Financial stock traded up $0.22 during trading on Friday, reaching $24.48. 5,209,577 shares of the company traded hands, compared to its average volume of 8,865,050. The firm has a market capitalization of $22.25 billion, a PE ratio of 12.62, a P/E/G ratio of 1.94 and a beta of 1.21. Regions Financial Co. has a 1-year low of $17.42 and a 1-year high of $27.96. The company has a 50 day moving average price of $24.93 and a 200-day moving average price of $23.52. The company has a debt-to-equity ratio of 0.37, a current ratio of 0.84 and a quick ratio of 0.83.

Regions Financial (NYSE:RF - Get Free Report) last announced its quarterly earnings data on Friday, January 17th. The bank reported $0.56 earnings per share for the quarter, beating the consensus estimate of $0.55 by $0.01. The firm 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%. The business's quarterly revenue was up .2% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.39 earnings per share. As a group, equities research analysts expect that Regions Financial Co. will post 2.27 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on RF shares. Compass Point boosted their price objective on Regions Financial from $25.00 to $31.00 and gave the stock a "buy" rating in a research report on Tuesday, December 10th. Keefe, Bruyette & Woods upgraded Regions Financial from a "market perform" rating to an "outperform" rating and boosted their price target for the stock from $27.00 to $28.00 in a report on Thursday, October 31st. Barclays raised their price objective on shares of Regions Financial from $25.00 to $26.00 and gave the company an "underweight" rating in a report on Monday, January 6th. Deutsche Bank Aktiengesellschaft upgraded shares of Regions Financial from a "hold" rating to a "buy" rating and upped their price target for the company 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 for the company in a research note on Tuesday, October 29th. One analyst has rated the stock with a sell rating, seven have issued a hold rating and eleven have assigned a buy rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $27.67.

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.