Regional Management (NYSE:RM) Shares Pass Above Two Hundred Day Moving Average of $24.96

Regional Management Corp. (NYSE:RM) crossed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $24.96 and traded as high as $28.48. Regional Management shares last traded at $28.20, with a volume of 42,854 shares traded.

Analyst Ratings Changes

Several analysts recently weighed in on the company. Keefe, Bruyette & Woods boosted their price objective on Regional Management from $26.00 to $28.00 and gave the company a “market perform” rating in a report on Friday, May 3rd. Stephens reissued an “equal weight” rating and issued a $30.00 price objective on shares of Regional Management in a report on Thursday, February 8th. Finally, StockNews.com raised Regional Management from a “buy” rating to a “strong-buy” rating in a report on Thursday, May 2nd.

Regional Management Price Performance

The company has a market cap of $279.46 million, a P/E ratio of 12.28 and a beta of 1.50. The company has a fifty day simple moving average of $26.77 and a 200-day simple moving average of $25.00. The company has a debt-to-equity ratio of 4.03, a current ratio of 54.90 and a quick ratio of 54.90.

Regional Management (NYSE:RM) last posted its quarterly earnings results on Wednesday, May 1st. The credit services provider reported $1.56 earnings per share for the quarter, topping analysts’ consensus estimates of $0.87 by $0.69. Regional Management had a net margin of 4.01% and a return on equity of 10.70%. The business had revenue of $144.31 million for the quarter, compared to the consensus estimate of $140.02 million. During the same period in the prior year, the business posted $0.90 earnings per share. On average, sell-side analysts predict that Regional Management Corp. will post 4.22 earnings per share for the current year.

Regional Management Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 12th. Investors of record on Wednesday, May 22nd will be issued a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 4.25%. The ex-dividend date of this dividend is Tuesday, May 21st. Regional Management’s dividend payout ratio is presently 52.17%.

Insider Buying and Selling

In other news, Director Basswood Capital Management, L purchased 4,287 shares of the firm’s stock in a transaction on Thursday, March 7th. The stock was bought at an average cost of $22.99 per share, for a total transaction of $98,558.13. Following the completion of the acquisition, the director now directly owns 470,895 shares of the company’s stock, valued at $10,825,876.05. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Over the last three months, insiders acquired 27,378 shares of company stock worth $710,462. Corporate insiders own 10.50% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the stock. Quadrature Capital Ltd acquired a new position in shares of Regional Management during the third quarter valued at about $351,000. Hsbc Holdings PLC increased its holdings in shares of Regional Management by 34.1% during the third quarter. Hsbc Holdings PLC now owns 9,121 shares of the credit services provider’s stock worth $258,000 after buying an additional 2,317 shares in the last quarter. Trexquant Investment LP acquired a new stake in shares of Regional Management during the third quarter worth approximately $467,000. Barclays PLC increased its holdings in shares of Regional Management by 15.3% during the third quarter. Barclays PLC now owns 11,548 shares of the credit services provider’s stock worth $319,000 after buying an additional 1,534 shares in the last quarter. Finally, Summit Global Investments increased its holdings in shares of Regional Management by 29.1% during the fourth quarter. Summit Global Investments now owns 27,955 shares of the credit services provider’s stock worth $701,000 after buying an additional 6,298 shares in the last quarter. Institutional investors and hedge funds own 98.89% of the company’s stock.

About Regional Management

Regional Management Corp., a diversified consumer finance company, provides various installment loan products primarily to customers with limited access to consumer credit from banks, thrifts, credit card companies, and other lenders in the United States. It offers small and large installment loans; and retail loans to finance the purchase of furniture, appliances, and other retail products.