Regional Management (NYSE:RM) CAO Sells $141,764.20 in Stock

Regional Management Corp. (NYSE:RM) CAO Steven Barnette sold 3,274 shares of the company’s stock in a transaction on Friday, July 10th. The stock was sold at an average price of $43.30, for a total value of $141,764.20. Following the completion of the sale, the chief accounting officer owned 13,472 shares of the company’s stock, valued at $583,337.60. This trade represents a 19.55% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

Regional Management Price Performance

NYSE RM opened at $42.69 on Friday. The company has a market capitalization of $393.16 million, a PE ratio of 8.66 and a beta of 1.01. The company has a debt-to-equity ratio of 4.30, a quick ratio of 59.88 and a current ratio of 59.88. The business’s fifty day moving average is $37.89 and its 200 day moving average is $36.38. Regional Management Corp. has a fifty-two week low of $30.46 and a fifty-two week high of $46.00.

Regional Management (NYSE:RM) last issued its quarterly earnings results on Wednesday, April 29th. The credit services provider reported $1.18 EPS for the quarter, topping analysts’ consensus estimates of $0.98 by $0.20. Regional Management had a return on equity of 13.16% and a net margin of 7.40%.The business had revenue of $167.29 million during the quarter, compared to analysts’ expectations of $161.55 million.

Regional Management Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, June 10th. Shareholders of record on Wednesday, May 20th were paid a dividend of $0.30 per share. The ex-dividend date was Wednesday, May 20th. This represents a $1.20 dividend on an annualized basis and a yield of 2.8%. Regional Management’s dividend payout ratio (DPR) is presently 24.34%.

Institutional Investors Weigh In On Regional Management

Several institutional investors and hedge funds have recently modified their holdings of RM. Basswood Capital Management L.L.C. boosted its position in shares of Regional Management by 0.4% during 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 acquiring an additional 4,491 shares during the last quarter. LSV Asset Management increased its holdings in Regional Management by 7.7% in the 4th quarter. LSV Asset Management now owns 338,832 shares of the credit services provider’s stock valued at $13,130,000 after acquiring an additional 24,232 shares during the last quarter. Renaissance Technologies LLC lifted its stake in Regional Management by 15.8% in the 4th quarter. Renaissance Technologies LLC now owns 243,137 shares of the credit services provider’s stock worth $9,422,000 after purchasing an additional 33,200 shares in the last quarter. Wellington Management Group LLP lifted its stake in Regional Management by 9.9% in the 4th quarter. Wellington Management Group LLP now owns 218,164 shares of the credit services provider’s stock worth $8,454,000 after purchasing an additional 19,600 shares in the last quarter. Finally, Geode Capital Management LLC boosted its holdings in shares of Regional Management by 6.4% during the 2nd quarter. Geode Capital Management LLC now owns 211,734 shares of the credit services provider’s stock valued at $6,186,000 after purchasing an additional 12,740 shares during the last quarter. Institutional investors own 98.89% of the company’s stock.

Wall Street Analysts Forecast Growth

RM has been the subject of a number of recent analyst reports. Weiss Ratings upgraded shares of Regional Management from a “hold (c)” rating to a “hold (c+)” rating in a research report on Friday, June 26th. Citigroup reaffirmed a “market outperform” rating on shares of Regional Management in a report on Wednesday, June 17th. Citizens Jmp raised Regional Management from a “market perform” rating to an “outperform” rating and set a $45.00 price target on the stock in a report on Thursday, May 21st. Finally, Wall Street Zen raised Regional Management from a “buy” rating to a “strong-buy” rating in a report on Sunday, July 12th. Two investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $45.00.

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.