Regional Management (NYSE:RM) Price Target Lowered to $43.00 at Citizens Jmp

Regional Management (NYSE:RM) had its price target reduced by Citizens Jmp from $45.00 to $43.00 in a report released on Thursday,Benzinga reports. They currently have a market outperform rating on the credit services provider’s stock.

RM has been the topic of several other research reports. Wall Street Zen upgraded shares of Regional Management from a “buy” rating to a “strong-buy” rating in a research note on Sunday, July 12th. Weiss Ratings upgraded shares of Regional Management from a “hold (c)” rating to a “hold (c+)” rating in a research report on Friday, June 26th. Finally, Citigroup reaffirmed a “market outperform” rating on shares of Regional Management in a report on Thursday. Two investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $43.00.

Regional Management Stock Down 23.6%

Regional Management stock opened at $32.37 on Thursday. Regional Management has a one year low of $30.46 and a one year high of $46.00. The stock has a fifty day moving average of $39.19 and a 200 day moving average of $36.53. The company has a debt-to-equity ratio of 4.30, a quick ratio of 59.88 and a current ratio of 59.88. The stock has a market cap of $298.12 million, a PE ratio of 6.81 and a beta of 1.01.

Regional Management (NYSE:RM) last announced its earnings results on Wednesday, July 29th. The credit services provider reported $0.85 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.81 by $0.04. The business had revenue of $168.01 million for the quarter, compared to analysts’ expectations of $165.69 million. Regional Management had a return on equity of 12.53% and a net margin of 6.98%.

Regional Management Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, September 16th. Shareholders of record on Wednesday, August 19th will be issued a dividend of $0.30 per share. The ex-dividend date of this dividend is Wednesday, August 19th. This represents a $1.20 annualized dividend and a yield of 3.7%. Regional Management’s payout ratio is currently 24.34%.

Insiders Place Their Bets

In other news, CAO Steven B. Barnette sold 3,274 shares of the 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 directly owned 13,472 shares of the company’s stock, valued at $583,337.60. This represents a 19.55% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Sandra K. Johnson sold 1,000 shares of the firm’s stock in a transaction on Tuesday, May 26th. The shares were sold at an average price of $36.00, for a total transaction of $36,000.00. Following the sale, the director owned 21,933 shares in the company, valued at $789,588. The trade was a 4.36% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 8,874 shares of company stock worth $350,208 over the last three months. 10.90% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Regional Management

A number of institutional investors have recently bought and sold shares of RM. Royal Bank of Canada raised its holdings in Regional Management by 2.4% during the first quarter. Royal Bank of Canada now owns 16,200 shares of the credit services provider’s stock valued at $487,000 after acquiring an additional 375 shares during the period. AQR Capital Management LLC bought a new position in shares of Regional Management in the first quarter worth about $201,000. Goldman Sachs Group Inc. boosted its stake in shares of 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. Empowered Funds LLC grew its position in shares of Regional Management by 7.2% during the first quarter. Empowered Funds LLC now owns 46,851 shares of the credit services provider’s stock worth $1,411,000 after purchasing an additional 3,160 shares in the last quarter. Finally, Jane Street Group LLC purchased a new stake in shares of Regional Management during the first quarter worth about $282,000. Hedge funds and other institutional investors own 98.89% of the company’s stock.

Key Stories Impacting Regional Management

Here are the key news stories impacting Regional Management this week:

• Positive Sentiment: Second-quarter revenue increased 6.7% year over year to $168.0 million, exceeding analysts’ $165.69 million estimate. Adjusted earnings of $0.85 per diluted share also topped consensus by $0.02. Regional Management quarterly earnings report
• Positive Sentiment: Net finance receivables grew 9.6% to $2.1 billion, while year-to-date net income rose 14% and year-to-date diluted EPS increased 17.3%. Operating expenses also improved as a percentage of revenue. Regional Management Q2 revenue report
• Positive Sentiment: The company declared a quarterly dividend of $0.30 per share, payable September 16 to shareholders of record on August 19. The dividend represents an annualized yield of approximately 2.8%.
• Positive Sentiment: Citizens JMP maintained a “market outperform” rating and still sees substantial potential upside, despite lowering its price target from $45 to $43. Benzinga price target update
• Neutral Sentiment: Regional Management repurchased 136,325 shares during the quarter and said its Column N.A. bank partnership has originated more than $65 million in loans, supporting future receivables growth.
• Negative Sentiment: Quarterly net income fell 19.6% to $8.2 million and diluted EPS declined 17.5%, despite revenue growth. Originations also decreased 1.3% year over year.
• Negative Sentiment: Provision for credit losses increased 13.9% to $69.0 million, and the net credit loss rate rose to 12.2% from 11.9%, raising concerns about borrower credit quality and future earnings pressure.
• Negative Sentiment: Reported insider activity has been heavily weighted toward selling, with 27 sales versus one purchase over the past six months, a potentially cautious signal for investors. Regional Management insider activity

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.