Regional Management Corp (NYSE:RM) Director Basswood Capital Management, L Purchases 4,620 Shares

Regional Management Corp (NYSE:RM) Director Basswood Capital Management, L acquired 4,620 shares of the firm’s stock in a transaction that occurred on Wednesday, December 11th. The stock was bought at an average price of $30.90 per share, for a total transaction of $142,758.00. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Shares of RM stock traded up $0.35 during trading on Thursday, hitting $31.05. The company had a trading volume of 51,921 shares, compared to its average volume of 49,432. Regional Management Corp has a 52 week low of $22.90 and a 52 week high of $34.93. The company has a quick ratio of 39.86, a current ratio of 39.86 and a debt-to-equity ratio of 2.57. The stock’s 50-day moving average is $31.52 and its two-hundred day moving average is $27.70. The stock has a market capitalization of $338.62 million, a price-to-earnings ratio of 9.79 and a beta of 1.01.

Regional Management (NYSE:RM) last issued its quarterly earnings results on Wednesday, November 6th. The credit services provider reported $1.08 EPS for the quarter, beating analysts’ consensus estimates of $0.99 by $0.09. Regional Management had a net margin of 11.66% and a return on equity of 13.80%. The business had revenue of $91.71 million for the quarter, compared to analysts’ expectations of $87.78 million. On average, research analysts predict that Regional Management Corp will post 3.57 EPS for the current fiscal year.

Separately, Zacks Investment Research upgraded shares of Regional Management from a “hold” rating to a “buy” rating and set a $38.00 price objective on the stock in a research report on Saturday, November 9th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and four have given a buy rating to the company. Regional Management presently has a consensus rating of “Hold” and an average price target of $33.60.

Several institutional investors have recently modified their holdings of RM. Hancock Whitney Corp lifted its position in Regional Management by 18.2% during the second quarter. Hancock Whitney Corp now owns 10,896 shares of the credit services provider’s stock valued at $287,000 after buying an additional 1,677 shares during the period. Massachusetts Financial Services Co. MA lifted its position in Regional Management by 12.6% during the third quarter. Massachusetts Financial Services Co. MA now owns 87,488 shares of the credit services provider’s stock valued at $2,464,000 after buying an additional 9,759 shares during the period. BlackRock Inc. lifted its position in Regional Management by 6.7% during the second quarter. BlackRock Inc. now owns 1,005,116 shares of the credit services provider’s stock valued at $26,505,000 after buying an additional 63,350 shares during the period. Morgan Stanley lifted its position in Regional Management by 1,428.6% during the second quarter. Morgan Stanley now owns 23,831 shares of the credit services provider’s stock valued at $628,000 after buying an additional 22,272 shares during the period. Finally, Assenagon Asset Management S.A. lifted its position in Regional Management by 91.1% during the third quarter. Assenagon Asset Management S.A. now owns 23,620 shares of the credit services provider’s stock valued at $665,000 after buying an additional 11,263 shares during the period. Hedge funds and other institutional investors own 89.15% of the company’s stock.

About Regional Management

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 traditional lenders. The company offers small and large installment loans; loans to finance the purchase of furniture, appliances, and other retail products; insurance products, including credit life, credit accident and health, credit property, vehicle single interest, and credit involuntary unemployment insurance; collateral protection insurance; and property insurance, as well as reinsurance products.

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Insider Buying and Selling by Quarter for Regional Management (NYSE:RM)

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