Regional Management (NYSE:RM) Downgraded by Wall Street Zen to “Hold”

Wall Street Zen lowered shares of Regional Management (NYSE:RM) from a buy rating to a hold rating in a research report report published on Sunday morning.

RM has been the subject of a number of other reports. Citizens Jmp decreased their target price on Regional Management from $45.00 to $43.00 and set a “market outperform” rating for the company in a research report on Thursday, July 30th. Weiss Ratings lowered Regional Management from a “hold (c+)” rating to a “hold (c)” rating in a research report on Friday. Finally, Citigroup reiterated a “market outperform” rating on shares of Regional Management in a research note on Thursday, July 30th. Two research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to MarketBeat.com, Regional Management currently has an average rating of “Moderate Buy” and an average price target of $43.00.

Regional Management Price Performance

Shares of NYSE:RM opened at $32.78 on Friday. The company’s fifty day moving average price is $38.84 and its 200 day moving average price is $36.33. Regional Management has a 12 month low of $30.46 and a 12 month high of $46.00. The company has a debt-to-equity ratio of 4.41, a current ratio of 64.04 and a quick ratio of 64.04. The firm has a market capitalization of $302.45 million, a P/E ratio of 6.90 and a beta of 1.02.

Regional Management (NYSE:RM) last released its quarterly earnings data on Wednesday, July 29th. The credit services provider reported $0.85 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.81 by $0.04. Regional Management had a net margin of 6.98% and a return on equity of 12.49%. The company had revenue of $168.01 million during the quarter, compared to the consensus estimate of $165.69 million.

Regional Management Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 16th. Shareholders of record on Wednesday, August 19th will be given a dividend of $0.30 per share. The ex-dividend date is Wednesday, August 19th. This represents a $1.20 dividend on an annualized basis and a yield of 3.7%. Regional Management’s dividend payout ratio is presently 25.26%.

Insider Buying and Selling at Regional Management

In other news, CAO Steven B. Barnette sold 3,274 shares of the firm’s stock in a transaction on Friday, July 10th. The shares were 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 in the company, valued at approximately $583,337.60. This trade represents a 19.55% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Sandra K. Johnson sold 1,000 shares of the business’s stock in a transaction dated Tuesday, May 26th. The stock was 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 in the company, valued at approximately $789,588. This trade represents a 4.36% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 5,874 shares of company stock valued at $245,028 in the last 90 days. Company insiders own 10.90% of the company’s stock.

Institutional Investors Weigh In On Regional Management

A number of hedge funds have recently added to or reduced their stakes in RM. BlackRock Inc. purchased a new position in Regional Management in the second quarter worth $47,514,000. Sei Investments Co. boosted its position in shares of Regional Management by 117.9% during the 1st quarter. Sei Investments Co. now owns 157,151 shares of the credit services provider’s stock worth $5,068,000 after purchasing an additional 85,040 shares in the last quarter. Bank of New York Mellon Corp purchased a new stake in shares of Regional Management during the 2nd quarter worth $3,163,000. Goldman Sachs Group Inc. grew its stake in shares of Regional Management by 45.5% during the 1st quarter. Goldman Sachs Group Inc. now owns 194,374 shares of the credit services provider’s stock worth $5,853,000 after purchasing an additional 60,744 shares during the period. Finally, Renaissance Technologies LLC grew its stake in shares of Regional Management by 15.8% during 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 during the period. Institutional investors and hedge funds 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.