Regions Financial Corporation $RF Shares Sold by Metis Global Partners LLC

Metis Global Partners LLC lowered its position in Regions Financial Corporation (NYSE:RF) by 10.8% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 32,468 shares of the bank’s stock after selling 3,946 shares during the period. Metis Global Partners LLC’s holdings in Regions Financial were worth $764,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently bought and sold shares of the business. Invesco Ltd. boosted its holdings in shares of Regions Financial by 35.7% in the 1st quarter. Invesco Ltd. now owns 20,990,446 shares of the bank’s stock valued at $456,122,000 after acquiring an additional 5,521,772 shares during the last quarter. Nuveen LLC acquired a new position in Regions Financial during the first quarter valued at $53,018,000. Charles Schwab Investment Management Inc. boosted its holdings in Regions Financial by 6.5% in the first quarter. Charles Schwab Investment Management Inc. now owns 31,092,742 shares of the bank’s stock valued at $675,645,000 after purchasing an additional 1,909,162 shares during the last quarter. Amundi grew its position in Regions Financial by 20.4% during the 1st quarter. Amundi now owns 10,010,267 shares of the bank’s stock worth $198,721,000 after purchasing an additional 1,696,347 shares during the period. Finally, Wellington Management Group LLP raised its stake in shares of Regions Financial by 3.7% during the 1st quarter. Wellington Management Group LLP now owns 44,211,562 shares of the bank’s stock valued at $960,717,000 after buying an additional 1,562,512 shares during the last quarter. 79.39% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on the company. Cantor Fitzgerald initiated coverage on Regions Financial in a research note on Wednesday, September 10th. They issued an “overweight” rating and a $30.00 target price on the stock. Truist Financial lowered their price objective on Regions Financial from $28.00 to $26.00 and set a “hold” rating on the stock in a research report on Monday, October 20th. Citigroup lifted their target price on shares of Regions Financial from $30.00 to $32.00 and gave the company a “buy” rating in a report on Tuesday, September 23rd. DA Davidson increased their price target on shares of Regions Financial from $25.00 to $29.00 and gave the stock a “buy” rating in a report on Monday, July 21st. Finally, Cowen restated a “buy” rating on shares of Regions Financial in a research report on Tuesday, October 21st. Nine equities research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $28.19.

Regions Financial Trading Up 0.1%

Shares of NYSE:RF opened at $25.07 on Wednesday. The business’s 50 day moving average price is $25.56 and its 200-day moving average price is $24.34. Regions Financial Corporation has a 1 year low of $17.74 and a 1 year high of $27.96. The firm has a market capitalization of $21.98 billion, a price-to-earnings ratio of 11.04, a price-to-earnings-growth ratio of 1.24 and a beta of 1.07. The company has a debt-to-equity ratio of 0.27, a current ratio of 0.82 and a quick ratio of 0.81.

Regions Financial (NYSE:RF) last posted its quarterly earnings data on Thursday, February 27th. The bank reported $0.39 earnings per share for the quarter. Regions Financial had a net margin of 22.49% and a return on equity of 13.05%. The company had revenue of $1.81 billion during the quarter. On average, equities research analysts forecast that Regions Financial Corporation will post 2.26 earnings per share for the current fiscal year.

Regions Financial Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, January 2nd. Investors of record on Monday, December 1st will be paid a $0.265 dividend. The ex-dividend date of this dividend is Monday, December 1st. This represents a $1.06 dividend on an annualized basis and a yield of 4.2%. Regions Financial’s dividend payout ratio (DPR) is currently 46.70%.

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.