Regional Management (NYSE:RM) CAO Steven Barnette Sells 3,274 Shares of Stock

Regional Management Corp. (NYSE:RM) CAO Steven Barnette sold 3,274 shares of the firm’s stock in a transaction that occurred 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 represents a 19.55% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Regional Management Trading Down 0.0%

NYSE:RM opened at $43.26 on Wednesday. The stock has a market cap of $398.42 million, a price-to-earnings ratio of 8.77 and a beta of 1.01. The company has a debt-to-equity ratio of 4.30, a quick ratio of 59.88 and a current ratio of 59.88. Regional Management Corp. has a 1 year low of $30.46 and a 1 year high of $46.00. The business has a fifty day moving average of $37.59 and a 200-day moving average of $36.35.

Regional Management (NYSE:RM) last issued its quarterly earnings data on Wednesday, April 29th. The credit services provider reported $1.18 earnings per share for the quarter, beating analysts’ consensus estimates of $0.98 by $0.20. The business had revenue of $167.29 million for 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 Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, June 10th. Shareholders of record on Wednesday, May 20th were given a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 2.8%. The ex-dividend date was Wednesday, May 20th. Regional Management’s payout ratio is 24.34%.

Analysts Set New Price Targets

A number of research firms have weighed in on RM. Weiss Ratings upgraded Regional Management from a “hold (c)” rating to a “hold (c+)” rating in a research report on Friday, June 26th. Citizens Jmp upgraded Regional Management from a “market perform” rating to an “outperform” rating and set a $45.00 price target on the stock in a research report on Thursday, May 21st. Citigroup restated a “market outperform” rating on shares of Regional Management in a report on Wednesday, June 17th. Finally, Wall Street Zen raised Regional Management from a “buy” rating to a “strong-buy” rating in a research note on Sunday. Two equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $45.00.

Hedge Funds Weigh In On Regional Management

A number of hedge funds and other institutional investors have recently modified their holdings of RM. State of Alaska Department of Revenue acquired a new stake in Regional Management during the 4th quarter worth about $25,000. Wexford Capital LP purchased a new position in shares of Regional Management in the third quarter worth approximately $32,000. Advisory Services Network LLC purchased a new position in shares of Regional Management in the third quarter worth approximately $39,000. Kestra Advisory Services LLC acquired a new stake in shares of Regional Management during the fourth quarter valued at approximately $49,000. Finally, BNP Paribas Financial Markets raised its holdings in shares of Regional Management by 45.3% during the third quarter. BNP Paribas Financial Markets now owns 2,077 shares of the credit services provider’s stock valued at $81,000 after acquiring an additional 648 shares during the period. Institutional investors and hedge funds own 98.89% of the company’s stock.

Regional Management Company Profile

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.