Regional Management (NYSE:RM) CEO Buys $111,160.00 in Stock

Regional Management Corp. (NYSE:RM) CEO Lakhbir Lamba bought 3,500 shares of the business’s stock in a transaction that occurred on Wednesday, August 12th. The shares were acquired at an average price of $31.76 per share, with a total value of $111,160.00. Following the completion of the transaction, the chief executive officer directly owned 55,734 shares of the company’s stock, valued at $1,770,111.84. This trade represents a 6.70% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

Regional Management Stock Performance

RM traded up $0.48 during trading on Thursday, hitting $32.65. The company’s stock had a trading volume of 59,262 shares, compared to its average volume of 66,633. The company has a quick ratio of 64.04, a current ratio of 64.04 and a debt-to-equity ratio of 4.41. Regional Management Corp. has a one year low of $30.46 and a one year high of $46.00. The firm has a market cap of $301.23 million, a PE ratio of 6.87 and a beta of 1.02. The business’s 50 day simple moving average is $38.62 and its 200-day simple moving average is $36.22.

Regional Management (NYSE:RM) last issued its quarterly earnings data on Wednesday, July 29th. The credit services provider reported $0.85 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.81 by $0.04. The firm had revenue of $168.01 million during the quarter, compared to the consensus estimate of $165.69 million. Regional Management had a net margin of 6.98% and a return on equity of 12.49%.

Regional Management Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, September 16th. Investors of record on Wednesday, August 19th will be given a dividend of $0.30 per share. The ex-dividend date is Wednesday, August 19th. This represents a $1.20 annualized dividend and a yield of 3.7%. Regional Management’s payout ratio is 25.26%.

Analyst Ratings Changes

A number of analysts have commented on the company. Weiss Ratings cut Regional Management from a “hold (c+)” rating to a “hold (c)” rating in a research report on Friday, August 7th. Citizens Jmp cut their price objective on Regional Management from $45.00 to $43.00 and set a “market outperform” rating for the company in a research note on Thursday, July 30th. Wall Street Zen lowered shares of Regional Management from a “buy” rating to a “hold” rating in a report on Sunday. Finally, Citigroup restated a “market outperform” rating on shares of Regional Management in a research note on Thursday, July 30th. Two investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $43.00.

Institutional Investors Weigh In On Regional Management

Institutional investors have recently bought and sold shares of the business. Russell Investments Group Ltd. lifted its holdings in shares of Regional Management by 9.9% in the fourth quarter. Russell Investments Group Ltd. now owns 3,876 shares of the credit services provider’s stock worth $150,000 after buying an additional 350 shares in the last quarter. Royal Bank of Canada grew its stake in Regional Management by 2.4% during the first quarter. Royal Bank of Canada now owns 16,200 shares of the credit services provider’s stock valued at $487,000 after acquiring an additional 375 shares in the last quarter. JPMorgan Chase & Co. increased its holdings in Regional Management by 9.7% in the 2nd quarter. JPMorgan Chase & Co. now owns 4,824 shares of the credit services provider’s stock valued at $141,000 after acquiring an additional 425 shares during the last quarter. First Trust Advisors LP increased its holdings in Regional Management by 1.6% in the 4th quarter. First Trust Advisors LP now owns 28,006 shares of the credit services provider’s stock valued at $1,085,000 after acquiring an additional 436 shares during the last quarter. Finally, Janney Montgomery Scott LLC lifted its stake in Regional Management by 2.8% in the 1st quarter. Janney Montgomery Scott LLC now owns 17,464 shares of the credit services provider’s stock worth $563,000 after purchasing an additional 473 shares in the last quarter. Hedge funds and other institutional investors 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.