Regional Management Corp. (NYSE:RM) Stock Now Rated “Moderate Buy” by Sell-Side Brokerages

Regional Management Corp. (NYSE:RM) has been assigned a consensus rating of “Moderate Buy” from the five ratings firms that are currently covering the company, MarketBeat.com reports. Two equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average 1-year price target among brokers that have issued a report on the stock in the last year is $41.50.

Several research analysts have recently commented on the company. Citigroup reaffirmed a “market outperform” rating on shares of Regional Management in a research note on Thursday, July 30th. Weiss Ratings upgraded Regional Management from a “hold (c)” rating to a “hold (c+)” rating in a research note on Monday. Wall Street Zen raised shares of Regional Management from a “hold” rating to a “buy” rating in a report on Monday, October 12th. Stephens raised their target price on shares of Regional Management from $38.50 to $40.00 and gave the stock an “overweight” rating in a research note on Thursday, October 29th. Finally, Citizens Jmp decreased their target price on shares of Regional Management from $45.00 to $43.00 and set a “market outperform” rating on the stock in a research note on Thursday, July 30th.

Regional Management Price Performance

NYSE RM opened at $39.61 on Thursday. The company has a 50-day moving average price of $33.15 and a 200-day moving average price of $35.36. Regional Management has a 52 week low of $29.89 and a 52 week high of $44.29. The company has a quick ratio of 64.04, a current ratio of 60.68 and a debt-to-equity ratio of 4.58. The firm has a market capitalization of $354.50 million, a P/E ratio of 8.02 and a beta of 1.08.

Regional Management (NYSE:RM) last announced its earnings results on Wednesday, October 28th. The credit services provider reported $1.61 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.47 by $0.14. The company had revenue of $178.78 million during the quarter, compared to analyst estimates of $174.69 million. Regional Management had a net margin of 6.96% and a return on equity of 12.61%.

Regional Management Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 16th. Stockholders of record on Wednesday, November 18th will be paid a $0.30 dividend. The ex-dividend date of this dividend is Wednesday, November 18th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 3.0%. Regional Management’s dividend payout ratio is 24.29%.

Insider Activity

In other news, SVP Catherine Atwood sold 2,600 shares of the firm’s stock in a transaction on Thursday, October 29th. The shares were sold at an average price of $37.39, for a total transaction of $97,214.00. Following the sale, the senior vice president directly owned 52,707 shares in the company, valued at $1,970,714.73. This trade represents a 4.70% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Lakhbir Lamba bought 3,500 shares of the stock in a transaction that occurred on Wednesday, August 12th. The shares were purchased at an average price of $31.76 per share, for a total transaction of $111,160.00. Following the purchase, the chief executive officer owned 55,734 shares in the company, valued at $1,770,111.84. This represents a 6.70% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Insiders have sold 32,322 shares of company stock worth $1,056,093 in the last three months. Company insiders own 10.90% of the company’s stock.

Institutional Investors Weigh In On Regional Management

A number of institutional investors and hedge funds have recently bought and sold shares of the business. GAMMA Investing LLC lifted its holdings in shares of Regional Management by 183.8% in the third quarter. GAMMA Investing LLC now owns 931 shares of the credit services provider’s stock worth $28,000 after buying an additional 603 shares in the last quarter. Legal & General Group Plc purchased a new position in Regional Management during the second quarter valued at $33,000. Versant Capital Management Inc grew its stake 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 acquiring an additional 972 shares in the last quarter. State of Alaska Department of Revenue increased its holdings in Regional Management by 145.1% in the 3rd quarter. State of Alaska Department of Revenue now owns 5,067 shares of the credit services provider’s stock valued at $153,000 after acquiring an additional 3,000 shares during the last quarter. Finally, Algert Global LLC bought a new stake in Regional Management in the 2nd quarter valued at $209,000. 98.89% of the stock is owned by institutional investors.

Regional Management Company Profile

Regional Management Corp. (NYSE: RM) is a consumer finance company that provides credit products to individuals who may have limited access to traditional bank financing. The company primarily offers small and medium-sized installment loans, including secured and unsecured personal loans, through a network of local branches and digital channels.

Its services may also include optional credit-related products, such as insurance and other ancillary offerings associated with consumer lending.