Regional Management (NYSE:RM) CAO Sells 3,274 Shares

Regional Management Corp. (NYSE:RM) CAO Steven Barnette sold 3,274 shares of the business’s stock in a transaction dated Friday, July 10th. The shares were sold at an average price of $43.30, for a total value of $141,764.20. Following the sale, the chief accounting officer directly owned 13,472 shares of the company’s stock, valued at approximately $583,337.60. This trade represents a 19.55% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.

Regional Management Trading Down 0.0%

Shares of Regional Management stock traded down $0.00 during trading hours on Tuesday, reaching $43.26. The stock had a trading volume of 75,485 shares, compared to its average volume of 61,681. The firm has a market capitalization of $398.42 million, a price-to-earnings ratio of 8.77 and a beta of 1.01. Regional Management Corp. has a 1 year low of $30.46 and a 1 year high of $46.00. The company has a current ratio of 59.88, a quick ratio of 59.88 and a debt-to-equity ratio of 4.30. The firm has a 50 day simple moving average of $37.42 and a two-hundred day simple moving average of $36.33.

Regional Management (NYSE:RM) last posted its earnings results on Wednesday, April 29th. The credit services provider reported $1.18 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.98 by $0.20. Regional Management had a net margin of 7.40% and a return on equity of 13.16%. The firm had revenue of $167.29 million during the quarter, compared to the consensus estimate of $161.55 million.

Regional Management Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, June 10th. Stockholders of record on Wednesday, May 20th were given a $0.30 dividend. The ex-dividend date of this dividend was Wednesday, May 20th. This represents a $1.20 annualized dividend and a dividend yield of 2.8%. Regional Management’s dividend payout ratio is presently 24.34%.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on RM. Wall Street Zen upgraded Regional Management from a “buy” rating to a “strong-buy” rating in a report on Sunday. Citizens Jmp upgraded Regional Management from a “market perform” rating to an “outperform” rating and set a $45.00 target price for the company in a research note on Thursday, May 21st. Citigroup reaffirmed a “market outperform” rating on shares of Regional Management in a research report on Wednesday, June 17th. Finally, Weiss Ratings upgraded Regional Management from a “hold (c)” rating to a “hold (c+)” rating in a research note on Friday, June 26th. Two research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat, Regional Management has a consensus rating of “Moderate Buy” and a consensus price target of $45.00.

Institutional Trading of Regional Management

A number of hedge funds have recently made changes to their positions in RM. Basswood Capital Management L.L.C. increased its stake in shares of Regional Management by 0.4% in the second quarter. Basswood Capital Management L.L.C. now owns 1,024,310 shares of the credit services provider’s stock worth $29,920,000 after buying an additional 4,491 shares during the last quarter. LSV Asset Management boosted its stake in Regional Management by 7.7% during the 4th quarter. LSV Asset Management now owns 338,832 shares of the credit services provider’s stock valued at $13,130,000 after acquiring an additional 24,232 shares during the last quarter. Renaissance Technologies LLC grew its holdings in Regional Management by 15.8% during the 4th quarter. Renaissance Technologies LLC now owns 243,137 shares of the credit services provider’s stock worth $9,422,000 after acquiring an additional 33,200 shares in the last quarter. Wellington Management Group LLP grew its holdings in Regional Management by 9.9% during the 4th quarter. Wellington Management Group LLP now owns 218,164 shares of the credit services provider’s stock worth $8,454,000 after acquiring an additional 19,600 shares in the last quarter. Finally, Geode Capital Management LLC increased its position in shares of Regional Management by 6.4% in the 2nd quarter. Geode Capital Management LLC now owns 211,734 shares of the credit services provider’s stock worth $6,186,000 after purchasing an additional 12,740 shares during the last quarter. Institutional investors and hedge funds own 98.89% of the company’s stock.

Regional Management Company Profile

Regional Management Corp., headquartered in Wilmington, North Carolina, is a consumer finance company specializing in installment loan products for underbanked individuals. Since its founding in 1977, the company has developed a network of field-based branches alongside a digital platform to offer credit solutions in rural and small-town markets across the United States.

The company’s core offerings include consumer installment loans for everyday purchases, auto refinancing and lease buyouts, as well as ancillary services such as insurance referrals.