Catherine Atwood Sells 2,600 Shares of Regional Management (NYSE:RM) Stock

Regional Management Corp. (NYSE:RM) SVP Catherine Atwood sold 2,600 shares of the business’s stock in a transaction that occurred on Tuesday, February 17th. The stock was sold at an average price of $35.02, for a total transaction of $91,052.00. Following the completion of the transaction, the senior vice president owned 43,942 shares of the company’s stock, valued at approximately $1,538,848.84. The trade was a 5.59% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Regional Management Trading Down 0.8%

Shares of RM opened at $34.78 on Friday. The company has a market cap of $337.71 million, a price-to-earnings ratio of 7.82 and a beta of 1.06. The business’s fifty day simple moving average is $37.77 and its two-hundred day simple moving average is $38.84. Regional Management Corp. has a 12 month low of $25.41 and a 12 month high of $46.00.

Regional Management (NYSE:RM) last announced its quarterly earnings results on Wednesday, February 4th. The credit services provider reported $1.30 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.23 by $0.07. Regional Management had a return on equity of 12.19% and a net margin of 6.88%.The firm had revenue of ($165.49) million for the quarter, compared to the consensus estimate of $167.90 million. As a group, research analysts forecast that Regional Management Corp. will post 4.7 EPS for the current year.

Regional Management Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, March 12th. Stockholders of record on Thursday, February 19th will be paid a $0.30 dividend. The ex-dividend date is Thursday, February 19th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 3.5%. Regional Management’s payout ratio is currently 26.97%.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on RM shares. Weiss Ratings reiterated a “hold (c+)” rating on shares of Regional Management in a research note on Monday, December 29th. Zacks Research upgraded Regional Management from a “strong sell” rating to a “hold” rating in a research note on Monday, January 5th. Finally, Wall Street Zen cut Regional Management from a “strong-buy” rating to a “buy” rating in a research report on Saturday, February 7th. Three investment analysts have rated the stock with a Hold rating, Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $30.00.

Institutional Investors Weigh In On Regional Management

Hedge funds have recently modified their holdings of the business. Forager Capital Management LLC raised its holdings in Regional Management by 20.7% in the 2nd quarter. Forager Capital Management LLC now owns 1,085,098 shares of the credit services provider’s stock worth $31,696,000 after purchasing an additional 186,072 shares during the period. Basswood Capital Management L.L.C. raised 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 period. LSV Asset Management raised its stake in shares of Regional Management by 7.7% in the fourth quarter. LSV Asset Management now owns 338,832 shares of the credit services provider’s stock worth $13,130,000 after buying an additional 24,232 shares during the period. Tieton Capital Management LLC lifted its position in shares of Regional Management by 18.6% during the 2nd quarter. Tieton Capital Management LLC now owns 295,081 shares of the credit services provider’s stock valued at $8,619,000 after buying an additional 46,380 shares in the last quarter. Finally, Renaissance Technologies LLC grew its stake in shares of Regional Management by 15.8% during the 4th quarter. Renaissance Technologies LLC now owns 243,137 shares of the credit services provider’s stock valued at $9,422,000 after acquiring an additional 33,200 shares during the period. Institutional investors own 98.89% of the company’s stock.

About Regional Management

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.