Regional Management (NYSE:RM) Stock Price Crosses Above 200-Day Moving Average of $24.21

Regional Management Corp. (NYSE:RM) passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $24.21 and traded as high as $25.12. Regional Management shares last traded at $25.00, with a volume of 44,106 shares changing hands.

Analysts Set New Price Targets

Several brokerages recently issued reports on RM. StockNews.com upgraded Regional Management from a “buy” rating to a “strong-buy” rating in a report on Tuesday, April 2nd. Stephens restated an “equal weight” rating and set a $30.00 target price on shares of Regional Management in a research note on Thursday, February 8th.

Regional Management Stock Up 1.2 %

The company has a debt-to-equity ratio of 4.33, a current ratio of 41.17 and a quick ratio of 41.16. The firm’s 50-day moving average price is $23.74 and its 200 day moving average price is $24.20. The firm has a market cap of $248.33 million, a P/E ratio of 15.34 and a beta of 1.47.

Regional Management (NYSE:RM) last issued its earnings results on Wednesday, February 7th. The credit services provider reported $0.54 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.37 by $0.17. Regional Management had a net margin of 2.89% and a return on equity of 8.85%. The firm had revenue of $141.66 million for the quarter, compared to analysts’ expectations of $140.68 million. On average, equities research analysts expect that Regional Management Corp. will post 3.88 earnings per share for the current fiscal year.

Regional Management Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, March 14th. Shareholders of record on Thursday, February 22nd were paid a $0.30 dividend. The ex-dividend date was Wednesday, February 21st. This represents a $1.20 annualized dividend and a dividend yield of 4.77%. Regional Management’s payout ratio is currently 73.17%.

Insider Buying and Selling at Regional Management

In other news, Director Basswood Capital Management, L purchased 4,287 shares of the company’s stock in a transaction on Thursday, March 7th. The shares were bought at an average price of $22.99 per share, for a total transaction of $98,558.13. Following the completion of the purchase, the director now owns 470,895 shares of the company’s stock, valued at $10,825,876.05. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 9.80% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in RM. American Century Companies Inc. increased its stake in shares of Regional Management by 27.5% during the first quarter. American Century Companies Inc. now owns 43,395 shares of the credit services provider’s stock valued at $2,108,000 after acquiring an additional 9,349 shares during the period. MetLife Investment Management LLC grew its position in Regional Management by 58.5% in the first quarter. MetLife Investment Management LLC now owns 5,066 shares of the credit services provider’s stock worth $246,000 after buying an additional 1,870 shares during the last quarter. BlackRock Inc. grew its position in Regional Management by 2.6% in the first quarter. BlackRock Inc. now owns 913,071 shares of the credit services provider’s stock worth $44,348,000 after buying an additional 23,053 shares during the last quarter. Sei Investments Co. grew its position in Regional Management by 49.2% in the first quarter. Sei Investments Co. now owns 25,318 shares of the credit services provider’s stock worth $1,216,000 after buying an additional 8,350 shares during the last quarter. Finally, Fuller & Thaler Asset Management Inc. grew its position in Regional Management by 0.5% in the first quarter. Fuller & Thaler Asset Management Inc. now owns 62,301 shares of the credit services provider’s stock worth $3,026,000 after buying an additional 325 shares during 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.