Regional Management (NYSE:RM) Director Sells $36,000.00 in Stock

Regional Management Corp. (NYSE:RM) Director Sandra Johnson sold 1,000 shares of Regional Management stock in a transaction dated Tuesday, May 26th. The shares were sold at an average price of $36.00, for a total transaction of $36,000.00. Following the transaction, the director owned 21,933 shares of the company’s stock, valued at $789,588. This represents a 4.36% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Regional Management Stock Up 1.8%

Shares of NYSE RM opened at $36.92 on Friday. The stock has a market capitalization of $339.99 million, a P/E ratio of 7.49 and a beta of 1.04. The company has a 50-day moving average price of $35.47 and a 200-day moving average price of $36.19. Regional Management Corp. has a 1 year low of $26.06 and a 1 year high of $46.00. The company has a debt-to-equity ratio of 4.30, a current ratio of 59.88 and a quick ratio of 59.88.

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

Regional Management Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, June 10th. Investors of record on Wednesday, May 20th will be issued a dividend of $0.30 per share. The ex-dividend date is Wednesday, May 20th. This represents a $1.20 annualized dividend and a yield of 3.3%. Regional Management’s payout ratio is 24.34%.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on RM shares. Wall Street Zen cut shares of Regional Management from a “strong-buy” rating to a “buy” rating in a report on Saturday, February 7th. Citigroup upgraded shares of Regional Management to an “outperform” rating in a report on Thursday, May 21st. Weiss Ratings cut shares of Regional Management from a “hold (c+)” rating to a “hold (c)” rating in a report on Thursday, May 21st. Finally, Citizens Jmp upgraded shares of 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. Two investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat.com, Regional Management currently has an average rating of “Moderate Buy” and a consensus price target of $45.00.

Institutional Trading of Regional Management

Several hedge funds have recently added to or reduced their stakes in RM. Hillsdale Investment Management Inc. bought a new stake in Regional Management in the third quarter worth about $3,707,000. Sei Investments Co. raised its position in Regional Management by 117.9% in the first quarter. Sei Investments Co. now owns 157,151 shares of the credit services provider’s stock worth $5,068,000 after acquiring an additional 85,040 shares during the period. Goldman Sachs Group Inc. raised its position in Regional Management by 45.5% in the first quarter. Goldman Sachs Group Inc. now owns 194,374 shares of the credit services provider’s stock worth $5,853,000 after acquiring an additional 60,744 shares during the period. Renaissance Technologies LLC raised its position in Regional Management by 15.8% in the fourth quarter. Renaissance Technologies LLC now owns 243,137 shares of the credit services provider’s stock worth $9,422,000 after acquiring an additional 33,200 shares during the period. Finally, Charles Schwab Investment Management Inc. raised its position in Regional Management by 21.3% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 182,666 shares of the credit services provider’s stock worth $7,078,000 after acquiring an additional 32,075 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.