Regional Management (NYSE:RM) Stock Crosses Above 200-Day Moving Average of $25.67

Shares of Regional Management Corp. (NYSE:RM) passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $25.67 and traded as high as $29.09. Regional Management shares last traded at $28.50, with a volume of 10,551 shares.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on the stock. Keefe, Bruyette & Woods upped their target price on shares of Regional Management from $26.00 to $28.00 and gave the stock a “market perform” rating in a research report on Friday, May 3rd. StockNews.com upgraded Regional Management from a “buy” rating to a “strong-buy” rating in a research report on Thursday, May 2nd. Finally, BTIG Research started coverage on Regional Management in a research report on Friday, June 7th. They issued a “neutral” rating on the stock.

Regional Management Stock Up 0.4 %

The firm has a market cap of $282.15 million, a P/E ratio of 12.39 and a beta of 1.51. The company’s 50-day simple moving average is $27.90 and its 200 day simple moving average is $25.67. 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 issued its quarterly earnings data on Wednesday, May 1st. The credit services provider reported $1.56 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.87 by $0.69. Regional Management had a return on equity of 10.70% and a net margin of 4.01%. 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. Research analysts anticipate that Regional Management Corp. will post 4.22 EPS for the current fiscal year.

Regional Management Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, June 12th. Stockholders of record on Wednesday, May 22nd were paid a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 4.21%. The ex-dividend date was Tuesday, May 21st. Regional Management’s dividend payout ratio is currently 52.17%.

Insider Buying and Selling

In other Regional Management news, Director Basswood Capital Management, L purchased 8,091 shares of Regional Management stock in a transaction dated Monday, May 6th. The shares were purchased at an average cost of $30.04 per share, for a total transaction of $243,053.64. Following the completion of the acquisition, the director now owns 478,892 shares in the company, valued at approximately $14,385,915.68. The acquisition was disclosed in a document filed with the SEC, which is available at this hyperlink. 10.50% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in RM. Trexquant Investment LP bought a new stake in shares of Regional Management in the third quarter valued at about $467,000. Vanguard Group Inc. boosted its stake in shares of Regional Management by 3.1% during the first quarter. Vanguard Group Inc. now owns 443,851 shares of the credit services provider’s stock valued at $10,746,000 after purchasing an additional 13,414 shares in the last quarter. Quadrature Capital Ltd bought a new position in Regional Management in the third quarter worth approximately $351,000. Summit Global Investments lifted its holdings in 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 during the period. Finally, Connor Clark & Lunn Investment Management Ltd. boosted its position in Regional Management by 88.3% during the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 12,854 shares of the credit services provider’s stock valued at $356,000 after acquiring an additional 6,029 shares in the last quarter. Hedge funds and other institutional investors own 98.89% of the company’s stock.

Regional Management Company Profile

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.