Regional Management (NYSE:RM) Downgraded by Wall Street Zen to “Hold”

Wall Street Zen downgraded shares of Regional Management (NYSE:RM) from a buy rating to a hold rating in a research report sent to investors on Sunday morning,Wall Street Zen reports.

Several other research firms have also recently weighed in on RM. Weiss Ratings upgraded Regional Management from a “hold (c)” rating to a “hold (c+)” rating in a report on Monday, September 21st. Citigroup reaffirmed a “market outperform” rating on shares of Regional Management in a research report on Thursday, July 30th. Finally, Citizens Jmp decreased their price target on shares of 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. Two analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $43.00.

Regional Management Stock Down 0.2%

RM opened at $31.75 on Friday. The stock has a market cap of $293.06 million, a PE ratio of 6.68 and a beta of 1.02. Regional Management has a 52 week low of $29.89 and a 52 week high of $44.29. The business’s fifty day simple moving average is $33.07 and its 200 day simple moving average is $35.72. 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 (NYSE:RM) last issued its quarterly earnings data on Wednesday, July 29th. The credit services provider reported $0.85 EPS for the quarter, beating the consensus estimate of $0.81 by $0.04. Regional Management had a net margin of 6.98% and a return on equity of 12.49%. The firm had revenue of $168.01 million during the quarter, compared to the consensus estimate of $165.69 million.

Regional Management Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, September 16th. Stockholders of record on Wednesday, August 19th were issued a dividend of $0.30 per share. The ex-dividend date of this dividend was Wednesday, August 19th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 3.8%. Regional Management’s dividend payout ratio is presently 25.26%.

Insider Transactions at Regional Management

In related news, major shareholder Fund L.P. Forager sold 10,401 shares of the firm’s stock in a transaction dated Thursday, September 17th. The stock was sold at an average price of $32.22, for a total transaction of $335,120.22. Following the completion of the sale, the insider directly owned 919,136 shares of the company’s stock, valued at approximately $29,614,561.92. This trade represents a 1.12% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Lakhbir Lamba bought 6,500 shares of the stock in a transaction that occurred on Tuesday, August 11th. The shares were bought at an average cost of $31.59 per share, with a total value of $205,335.00. Following the completion of the purchase, the chief executive officer directly owned 52,234 shares in the company, valued at $1,650,072.06. This represents a 14.21% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Insiders have sold a total of 32,796 shares of company stock worth $1,093,641 in the last quarter. Company insiders own 10.90% of the company’s stock.

Institutional Investors Weigh In On Regional Management

Several hedge funds have recently modified their holdings of the company. Versant Capital Management Inc lifted its position in Regional Management by 140.7% during the third quarter. Versant Capital Management Inc now owns 1,663 shares of the credit services provider’s stock valued at $50,000 after buying an additional 972 shares in the last quarter. Susquehanna Fundamental Investments LLC bought a new stake in shares of Regional Management during the 2nd quarter valued at about $266,000. Empowered Funds LLC acquired a new position in Regional Management during the 2nd quarter valued at approximately $2,691,000. Public Employees Retirement System of Ohio bought a new position in shares of Regional Management during the second quarter worth about $327,000. Finally, Bank of America Corp DE acquired a new stake in shares of Regional Management in the second quarter valued at approximately $591,000. 98.89% of the stock is owned by institutional investors and hedge funds.

Regional Management Company Profile

Regional Management Corp. (NYSE: RM) is a consumer finance company that provides personal installment loans to individuals who may have limited access to traditional bank credit. The company primarily serves non-prime borrowers through a combination of branch-based and online lending channels.

Its products generally include secured and unsecured consumer loans, along with optional insurance and other ancillary offerings. Regional Management evaluates borrowers based on their individual financial circumstances and provides loan services designed to meet personal, household and other consumer needs.

Founded in 1987 and headquartered in Greer, South Carolina, the company operates through a network of branches serving customers across several southeastern and southern U.S.