Regional Management (NYSE:RM) Stock Price Passes Above 200-Day Moving Average – Time to Sell?

Regional Management Corp. (NYSE:RM)’s share price passed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $29.28 and traded as high as $32.03. Regional Management shares last traded at $32.01, with a volume of 14,951 shares changing hands.

Wall Street Analysts Forecast Growth

Separately, Keefe, Bruyette & Woods upped their price target on shares of Regional Management from $28.00 to $33.00 and gave the company a “market perform” rating in a report on Thursday, August 1st.

Regional Management Stock Up 0.0 %

The firm has a fifty day simple moving average of $31.81 and a 200 day simple moving average of $29.28. The company has a debt-to-equity ratio of 3.98, a quick ratio of 49.53 and a current ratio of 49.53. The company has a market cap of $325.22 million, a PE ratio of 12.65 and a beta of 1.52.

Regional Management (NYSE:RM) last announced its quarterly earnings data on Wednesday, July 31st. The credit services provider reported $0.86 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.59 by $0.27. The company had revenue of $143.03 million during the quarter, compared to analysts’ expectations of $143.13 million. Regional Management had a net margin of 4.37% and a return on equity of 11.24%. During the same period in the previous year, the company earned $0.63 EPS. Equities research analysts predict that Regional Management Corp. will post 4.41 EPS for the current year.

Regional Management Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, September 12th. Stockholders of record on Wednesday, August 21st were paid a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 3.75%. The ex-dividend date of this dividend was Wednesday, August 21st. Regional Management’s dividend payout ratio is presently 47.43%.

Institutional Investors Weigh In On Regional Management

A number of large investors have recently modified their holdings of RM. Vanguard Group Inc. lifted its holdings in Regional Management by 3.1% in the 1st quarter. Vanguard Group Inc. now owns 443,851 shares of the credit services provider’s stock worth $10,746,000 after buying an additional 13,414 shares in the last quarter. Tieton Capital Management LLC boosted its stake in shares of Regional Management by 94.1% during the 2nd quarter. Tieton Capital Management LLC now owns 207,390 shares of the credit services provider’s stock valued at $5,960,000 after buying an additional 100,560 shares during the last quarter. Renaissance Technologies LLC grew its position in shares of Regional Management by 0.9% during the second quarter. Renaissance Technologies LLC now owns 201,537 shares of the credit services provider’s stock worth $5,792,000 after buying an additional 1,800 shares in the last quarter. Bank of New York Mellon Corp grew its position in shares of Regional Management by 5.3% during the second quarter. Bank of New York Mellon Corp now owns 111,610 shares of the credit services provider’s stock worth $3,208,000 after buying an additional 5,588 shares in the last quarter. Finally, American Century Companies Inc. increased its stake in shares of Regional Management by 18.5% in the second quarter. American Century Companies Inc. now owns 106,773 shares of the credit services provider’s stock worth $3,069,000 after buying an additional 16,683 shares during the last quarter. Institutional investors and hedge funds 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.